Finance at Nunns Grimsby

Car Finance at Nunns Grimsby

Looking for car finance at Nunns Grimsby?  We make it simple to drive away in a new or used vehicle with flexible finance options tailored to your budget.

We offer a range of finance solutions including Hire Purchase (HP), Personal Contract Purchase (PCP) and Contract Hire. Whether you want low monthly payments, no deposit options or help choosing the right plan, our experienced team is here to guide you every step of the way. Customers across Grimsby, Cleethorpes and the surrounding Lincolnshire area trust Nunns for honest advice, competitive rates and a straightforward approval process.

We offer you the choice of a Hire Purchase, Personal Contract Purchase or Contract Hire.

Choosing the right finance agreement depends on how you plan to use your vehicle and your long-term goals.

Hire Purchase (HP)

Hire Purchase (HP) is a popular option for drivers who want to own their vehicle outright at the end of the agreement. Typically, you pay an initial deposit (which can sometimes be zero), followed by fixed monthly payments over an agreed term. During this period, the finance provider technically owns the car, but once the final payment is made, full ownership transfers to you. Because the payments are fixed, budgeting is straightforward and predictable, making Hire Purchase an excellent choice for those who plan to keep their car long-term and prefer clear, structured payments without any large final amount.

Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) is a flexible car finance option where you pay monthly instalments that cover only a portion of the vehicle’s value rather than the full cost. At the end of the agreement, you typically have three choices: return the car with nothing more to pay (subject to terms and mileage), make a final lump sum known as a balloon payment to own the vehicle, or use any equity as a deposit toward a newer model. The balloon payment is calculated using the car’s Guaranteed Future Value (GFV), which estimates what the vehicle will be worth at the end of the contract.

Contract Hire

Contract Hire is a leasing solution available to both personal and business customers who want to drive a new vehicle without the commitment of ownership. Instead of buying the car, you pay fixed monthly rentals for an agreed period and mileage, allowing you to enjoy predictable costs and easy budgeting. At the end of the contract, the vehicle is simply returned to the finance company, with no concerns about depreciation or resale value. Many agreements can also include maintenance packages, covering routine servicing and wear-and-tear items for added convenience. This option is ideal for drivers who prefer hassle-free motoring, want to drive a new car every few years, and do not wish to worry about long-term ownership responsibilities.

Personal Loan

A personal loan is another way to finance your vehicle purchase, allowing you to borrow a fixed amount from your bank or lender and use it to buy the car outright. Unlike other finance options, you own the vehicle from day one, giving you complete freedom with no mileage limits or end-of-contract conditions. You then repay the loan in regular monthly instalments directly to your lender, based on the agreed interest rate and term. This option is particularly suitable for buyers who prefer immediate ownership and want full control over their vehicle without restrictions

Why choose car finance?

Here are some of the advantages of choosing to buy your car on finance:

• Get a better car 
• Cost is spread out 
• Fixed monthly payment 
• Can be driving a car on a tight budget 
• Improves credit score 
• No hassle of selling it on 
• Deposit contribution on new cars