Car finance options for a new tech-savvy generation
Millennials, that generation born between the early 1980s to the mid-1990s, are no longer your fresh-faced newbies.
More optimistic than their parents, they're a tech-savvy, hyper-connected and an opinionated lot, scattered up and down the professional ladder and shaking up the way we do many things.
They're also big consumers, have connections with brands and, significantly, they know their cars.
But maybe, like their parents, wider family circle and friends, they're not always so sure about how they're going to pay for it and need pointed along the right road.
Which is where SERE comes in, because it knows precisely what it is talking about when it comes to car finance.
When the Millennials generation fully enters into the car-buying market, their expectations of the experience will be quite different than previous generations.
SERE will connect with them at every level, advising them on style and features, especially technology and infotainment, which they cite as "must-haves" when purchasing a car.
Operating from sites in Belfast and Lisburn, SERE is one of the Northern Ireland's largest and most respected dealerships, offering a wide selection of new and used cars to suit every budget.
So what are the options to help you purchase your new car? Let us guide you through the process.
1One of the main advantages of car finance is that it allows you to spread the cost over a longer period of time, so you can budget each month, making your car easier to pay for and it allows you to drive away the same day.
2One of the most attractive options for financing your new car is 0% finance. SERE, for example, offers up to five years' 0% finance on a wide selection of its new and used cars. This is the best value payment option available in Northern Ireland and allows you a more flexible finance package. SERE's packages are particularly appealing - for as well as 0% finance, how does zero deposit, no final payment and no excess mileage charge sound? Plus, you will own the car at the end of your credit agreement.
3Hire purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financier owns the vehicle and once you repay them in full, ownership passes to you. Typically, hire purchase agreements have higher monthly payments because you are repaying the total car amount; the longer the deal, the lower the monthly payments and at the end, the car is yours. Flexible payment options can be arranged and deposits are often low. One attraction of HP deals is the option to change your car throughout the agreement.
4Personal Contract Purchase schemes are popular because they typically have lower monthly payments than the other options. This is because you are only paying part of the car's cost, based on the difference between the price and its predicted value at the end of the agreement once a certain mileage has been accumulated. At the end of a PCP agreement, your options include buying the vehicle outright, handing the car back to the dealer with nothing more to pay (based on condition) or trading in the car and starting over with a new car.
You might have thought buying a car was a daunting experience. Think again. Visit SERE Motors to view their current selection available on 0% Finance