Used Range Rover SE PHEV 2023

There’s nothing better than helping a returning client secure another vehicle, and this latest deal was no exception. Having funded several cars for this customer over the years, we were delighted to assist once again, this time with the purchase of a Range Rover SE PHEV.

The client was specifically looking for a Hire Purchase (HP) agreement with a final balloon payment to help keep the monthly repayments lower. Ideally, he also wanted the agreement arranged with no deposit.

While no-deposit finance can sometimes be possible, it’s important to understand the potential downsides. With no initial deposit, monthly payments are generally higher and there is a greater chance that when the balloon payment becomes due, the vehicle’s value could be lower than the remaining finance balance. This could result in the client being in negative equity.

As a rule, most lenders prefer a minimum deposit of around 10%, as this helps create a better finance structure from the outset. However, our client was fully aware of the risks and comfortable proceeding on this basis.

A few interesting facts about the Range Rover SE PHEV:

• The PHEV combines a petrol engine with electric power, offering impressive performance alongside improved efficiency.
• The Range Rover remains one of the most recognisable luxury SUVs in the world, blending refinement, technology, and off-road capability.

Thanks to a smooth approval process of Range Rover finance and documentation being issued electronically, the deal was completed in just a matter of days, allowing the client to get behind the wheel quickly and hassle-free.

Another happy customer, and we look forward to arranging finance for many more vehicles for him in the years ahead.

Looking for vehicle finance?

Whether you’re purchasing your first car or upgrading to something special, we can help tailor a finance package to suit your needs. Get in touch today to discuss your options and see how quickly we can help you drive away in your next vehicle.