03.11.2023

Why Choose Car Finance Over a Personal Loan?

Having a handle on our monthly outgoings is something we all strive for, maybe you have a spreadsheet? A note on your phone? Or maybe a good old-fashioned journal. However you manage your spending habits, it’s essential to know when considering a big purchase - like a new vehicle - that you’re in the right hands.

There’s a whole host of options available to you as you go through this decision, and at Williams we’re happy to help every step of the way.

You can find a handy guide to the different types of car finance available to you:

Here

To help you along with your choice you’ll find some common reasons below to opt in for car finance options like Personal Contract Purchase (PCP) or Hire Purchase (HP) over a personal loan; with the main benefit being additional consumer protection in case of unfortunate events such as issues with your car, or struggling with payments.


  • Clarity: Tripartite agreements clearly define the obligations, rights, and responsibilities of all three parties, enabling smoother transactions and reducing any potential conflicts.
  • Legal Protection: All parties involved receive protection through the legally binding contract, reinforcing the understanding and adherence to the agreed terms.
  • Risk Mitigation: By outlining each party’s role and responsibilities, a tripartite agreement can help reduce the potential risks associated with a multi-party transaction

There are plenty of flexible options to suit your circumstances, contact us to find out how we can help!

Contact Us!

​We’re excited to be able to offer low-rate finance across our range of Approved-Used BMW* and MINI cars and a fantastic £700 deposit contribution on top of the 10.9% APR; from now until 31st December 2023.

*Excludes BMW iX1, iX3, i4, iX and i7