I tend to buy cars on PCP arrangements but then I change fairly often

In this real-life transcript between a customer and JBR Capital, we had a chance to talk about financing in relation to PCP – a common question. We’ve removed names and key details, but this is how the conversation went…

JBR Capital

Welcome back! Can I help you with anything?

Customer

Hi, this is a general enquiry at this stage.

JBR Capital

That’s no problem. Happy to help.

Customer

I tend to buy cars on PCP arrangements but then I change fairly often. I was interested if I financed through you would it be advantageous? I am thinking about changing my Ferrari for either a Bentley GTC or a Rolls Royce Wraith.

JBR Capital

Sure thing. All great cars.

We can structure a finance agreement in a similar way to a PCP, however, certain terms and conditions will be different, but we can explain these to you in detail.

We can offer higher residuals than you would get on a PCP, giving lower monthly payments. Any amount of equity is dependent upon when you settle an agreement.

Customer

OK, if I financed with you would I be correct in assuming that when I change the car we would just restructure the finance and carry on?

JBR Capital

You assume correctly! We would rework the figures and transfer the finance to the replacement car.

Customer

So how long would it normally take to approve the finance once I have found a car?

JBR Capital

We can normally turn it around within 24 working hours. Often it is quicker, it depends on the size of the loan and if we require further information – for instance bank statements.

Customer

I see. What happens after its approved, would I pay the deposit to you or the garage?

JBR Capital

You would usually pay a holding deposit to the supplying dealer to secure the car. The rest of the deposit can be paid to us or the dealer, whichever you prefer.

Customer

OK thanks, I can’t think of anything else at the moment but when I have found a car I will give you a call. Can you think of anything that may be helpful?

JBR Capital

At the moment, no. Glad we had the chance to chat. I will send you an email with my contact details. When you find a car, let me have the details and I will work out a quote for you.

Customer

Great, thank you.

JBR Capital

No problem. I hope you find the car you’re looking for.

JBR Capital

For any further enquiries contact us on:

Call JBR: 020 3603 0074
WhatsApp DM: 07468 475268

*The figures shown are purely for illustrative purposes. For your personalised rate please give our team a call on 020 3603 0074 – you may discover savings beyond those shown by the examples.

 

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COVID-19 Update

Our thoughts are with all of those affected by the virus and we have taken the decision to protect the JBR workforce by closing our London office.

If you are an existing customer and you are concerned about your ability to make repayments on your agreement please contact us via email at collections@jbrcapital.com.

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