J D Peace Cars is a fully licensed Credit Broker. When it comes to purchasing your new car our aim at J D Peace Cars is to ensure all our customers are fully informed of the different finance options available to them.
We have fantastic relationships with a variety of funders giving us privileged access to some of the best finance packages on the market.
We pride ourselves on being able to offer very competitive finance rates and finding a bespoke solution to suit individual needs in order to help fund the purchase of your next car in the most cost effective manner. The different types of finance agreements available include:

Hire Purchase

The most simple and straight-forward agreement is ‘hire purchase’ where you pay fixed monthly payments in order to spread the cost of purchasing a car over several years. The benefits of this agreement are that deposits are flexible whilst having fixed rates and payments make budgeting a whole lot easier. Terms available upon from 12 – 60 months, written quotations available on request.

Personal Contract Purchase

With PCP the lender calculates the future value of the vehicle based on the stated annual mileage and market value data. This value is offset as a final payment due at the end of the term (normally 36 or 48 months) the monthly payments are then calculated on the remaining balance after any initial deposit amount is deducted.
At the end of the term when the final payment is due there are three options,

1) Hand the car back to the finance company and walk away

2) Make the final payment and keep the car

3) Part exchange the car incorporating the final settlement in the new vehicle purchase. If you would like further information on any of our finance services please contact Graham Peace. 

Tel- 01856 879600 or use our Finance Enquiry Form

We are trading as a credit broker and not a lender, and are authorised and regulated by the Financial Conduct Authority, firm reference 689322. We can introduce you to a limited number of lenders, while providing details of finance products available. We will not charge you a fee for an introduction, but may receive a commission from the lender. Lender’s commissions may vary. The commission received does not influence the interest rate you will pay. For questions about commission, please speak to us. James D Peace & Co, Junction Road, Kirkwall, Orkney, KW15 1JY. 

 Representative finance examples are for illustrative purposes only. Finance is subject to status and credit acceptance. Terms and conditions apply. Available to 18s and over & UK residents only. Guarantees and/or indemnities may be required.