It can be difficult to decide how to pay for your car when there are so many options…
jamjar will work with you to create a financing package that is tailored to your needs and budget. We sell new cars either for cash, with finance or through a lease – the right choice depends on your circumstances.
| Cash | Finance (hire purchase) | Leasing | |
|---|---|---|---|
| How does it work? | You buy the car with your personal savings | You borrow money from a lender at an agreed interest rate for an agreed period of time and make monthly repayments | With leasing, you don’t own the car – it will remains the property of jamjar. Instead, you only pay for the costs of using it |
| Will you own the car? | Yes, you will own the car from the delivery | Yes, after your final payment you will own the car | No, you just use it for the life of the lease and return it at the end |
| Will I have an upfront payment? | You’ll need to pay all of the price upfront | Yes, but it can be as little as £150 | Yes, you can choose for this to be as low as a single monthly payment |
| Will you incur depreciation? | Yes | Yes | No, you don’t own the car |
| Who provides the finance? | You provide the cash | You can arrange your finance independently or jamjar can take care of this for you at very competitive rates | jamjar will underwrite your lease and provide the finance |
| How long will I be tied in for? | There’s no tie – you own the car and can sell when you want | You can set the finance terms for any length between 2 – 5 years | jamjar leases are for 3 years |
| Is my mileage limited? | No, but your selling price will be affected by your mileage | No, but your selling price will be affected by your mileage | Yes, it’s set at the commencement of the lease but can be increased if required |
| What’s included in my monthly payments? | |||
| Registration fee | n/a |  |
|
| Road Tax | n/a | first year only |
for the length of the term |
| Servicing and maintenance | n/a | n/a | optional |
| 24/7 breakdown cover | n/a | n/a | |
Do you still want to know more? Phone us and we can talk you through the options.
Backed by the Royal Bank of Scotland group and in collaboration with Lombard, jamjar is well positioned to offer competitive finance and leasing packages.
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