Terms and Conditions

Finance Calculator Quotations

These quotations are indicative only. An accurate quotation can only be given following a full application for finance being completed via the dealer. Finance is available subject to status through Shogun Finance Ltd and is only available to UK applicants aged 18 or over. Terms and conditions apply.

HP Finance Plan

The 0% APR Hire Purchase Finance plan requires no deposit and is over 36 months. It is only available through Shogun Finance Ltd, 116 Cockfosters Road, Barnet, EN4 0DY and is subject to status and only available for retail sales to UK residents (excluding Northern Ireland) aged 18 and over. Shogun Finance Ltd is part of Lloyds Banking Group. Offer is only applicable in the UK (excludes Channel Islands & I.O.M), subject to availability, whilst stocks last and may be amended or withdrawn at any time.

PCP Finance Plan

The PCP finance plan shown above is only available to UK resident customers aged 18 and over, subject to status only through Shogun Finance Ltd, 116 Cockfosters Rd, Barnet, EN4 0DY. Shogun Finance Ltd is part of Lloyds Banking Group. The Guaranteed Future Value (GFV) is subject to the vehicle being returned on time, in good condition (fair wear and tear accepted), within the permitted maximum mileage and all the required payments having been made. Full written quotations are available upon request. Offer is only applicable in the UK (excludes Channel Isles & I.O.M) and may be withdrawn at any time.

Finance Deposit Contribution

Finance Deposit Contribution can only be used towards a PCP (Personal Contract Purchase) finance option through Shogun Finance Ltd.

AGREEMENT TERM The length of time over which you agree to repay the finance – also referred to as the Length of Agreement. ANNUAL PERCENTAGE RATE (APR) The APR shows the annual cost of a finance agreement over and above the amount you have borrowed. The APR will include interest rate charges and any other fees included in the agreement, such as administrative fees. By law, the APR must be shown on relevant documentation presented to customers in showrooms. You can use the APR to compare the cost of different finance products. BALLOON PAYMENT/FINAL LUMP SUM A balloon payment is the lump sum deferred to the end of a finance agreement on Personal Contract Purchase and Lease Purchase agreements. Making this payment completes the finance agreement and allows you to take ownership of the vehicle. CONTRACT HIRE ‘Rental’ agreements where you cannot become the legal owner of the vehicle as you are merely renting it from Shogun Vehicle Leasing. SVL as the owner is listed as the Registered Keeper on the DVLA V5 form. A flexible option allowing you to drive a newer model and optional vehicle maintenance packages can be included. CREDIT AGREEMENT A credit agreement is a legally-binding contract between you (the customer) and the finance company. It must include details of the loan amount, the term, rates of interest, other charges and your rights and responsibilities for the duration of the agreement. You will receive a copy of the agreement you have entered into. DEPOSIT A deposit is often required to secure and finance your vehicle. The larger the deposit the less you will need to borrow and this could mean lower monthly payments. A deposit could be cash or part exchange or a combination of both. If you are part exchanging your vehicle and you still have outstanding finance then your deposit will be the part exchange value of your vehicle less the outstanding settlement figure. Your dealer should be able to take care of these arrangements for you. DEPRECIATION A vehicle is an asset, but inevitably with age and wear and tear it will reduce in value. This is depreciation. EARLY SETTLEMENT This is when you pay off a finance agreement before the agreed term is completed. By doing so you may save on the interest that would have been charged for the remainder of the agreement. GUARANTEED ASSET PROTECTION Insurance protection if your vehicle is written off and a settlement offer is made by your motor insurer (or 3rd party through an accident management company), Car Care Plan Ltd will pay you the difference between the amount paid out by your motor insurer (or 3rd party through an accident management company) and the original purchase price you paid for your vehicle subject to the terms and conditions contained within the policy. GUARANTEED FUTURE VALUE A Guaranteed Future Value is equivalent to the deferred balloon payment and is set based on the estimated value of the vehicle at the end of the agreement. This value assumes that when returned the vehicle is within the set agreed maximum mileage and in good condition.* The GFV is deferred to the end of the agreement and, along with any purchase fee applicable, is the Final Payment. The risk of depreciation above the level of the GFV is taken by Shogun Financial Services, so the customer can hand the vehicle back with nothing further to pay at the end of the agreement. *If the vehicle is in good condition and has not exceeded the agreed maximum mileage, you will have nothing further to pay. If the vehicle has exceeded the agreed maximum mileage, a charge for excess mileage will apply. Further information on what is considered good condition can be found at www.mitsubishi-cars. co.uk/goodconditionguide. HIRE PURCHASE (HP) Shogun Financial Services buys the vehicle on your behalf less any deposit that you have paid to the dealer. The amount paid by Shogun Financial Services plus interest is then paid by you over agreed period of one to five years. INITIAL RENTAL An initial rental is similar to a deposit. The larger the initial rental the lower the monthly rentals. The initial rental is a cash payment. LEASE PURCHASE Lease Purchase is essentially the same as a standard Hire Purchase agreement, but with a large lump sum which is deferred until the end of the agreement. Unlike PCP, there’s no Guaranteed Future Value (GFV) and you do not have the option to return the vehicle to Shogun Financial Services at the end of the agreement, other than any voluntary termination rights that you may have under the agreement. You agree the final payment at the start of the agreement, so you can budget more easily. At the end of the agreement you have two options, make the final payment and obtain ownership of the vehicle or Part exchange for a new vehicle (if the part exchange does not cover the final payment you would need to pay the shortfall to settle the finance agreement). New finance agreements are subject to status. MAINTENANCE CONTRACTS An optional, chargeable product offered by finance companies and dealers to spread the cost of motoring. Maintenance contracts usually include vehicle servicing and repairs, as well as replacement of wear and tear items such as tyres. NON REGULATED AGREEMENT A credit agreement not regulated by the Consumer Credit Act. Therefore not bound by the same legal requirements as a regulated agreement nor offering the same type or level of protection. OPTION TO PURCHASE FEE A voluntary payment at the end of some finance agreements (such as hire purchase) which, if paid, transfers ownership of the vehicle from the finance company to the customer. PART EXCHANGE Part-exchange involves trading in your existing vehicle and using its value as part payment for your new vehicle, perhaps to help fund a deposit under a finance agreement. PERSONAL CONTRACT HIRE ‘Rental’ agreements for consumers where you cannot become the legal owner of the vehicle as you are merely renting it from Shogun Vehicle Leasing. SVL as the owner is listed as the Registered Keeper on the DVLA V5 form. A flexible option allowing you to drive a newer model and optional vehicle maintenance packages can be included. PERSONAL CONTRACT PURCHASE (PCP) PCP is essentially, the same as a standard Hire Purchase agreement, but with a significant proportion of the amount of credit deferred until the end of the agreement. Unlike Lease Purchase, the value of the vehicle at the end of the contract is guaranteed to at least equal that of the deferred final payment if the customer exercises the Goods Return Option. Under PCP, the customer has the following options at the end of the agreement 1) Return the vehicle and not pay the Final Payment. If the vehicle is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. If the vehicle has exceeded the agreed maximum mileage a charge for excess mileage will apply. Further information on what is considered good condition can be found at www.mitsubishi-cars.co.uk/ goodconditionguide. 2) Pay the Final Payment to own the vehicle or 3) Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status. REGULATED AGREEMENTS Most types of credit and hire agreements are covered by the Consumer Credit Act, which gives you some important rights, such as your right to cancel the agreement within a given time and protection against both the lender and the seller for faulty goods. An agreement covered by the Act is called a regulated agreement. An agreement will be regulated if: • The borrower is an individual borrowing for mainly personal use rather than business use • It is not an exempt agreement – exempt agreements include things like gas and electricity agreements and loans from employers, these agreements are not regulated by the CCA. If your agreement is regulated under the Consumer Credit Act, we will provide you with the information before, during, and after the agreement is taken out and give you a written copy of the agreement.. SATISFACTORY QUALITY By law, goods sold must be of satisfactory quality and fit for the purpose for which they were intended. Where there is a credit agreement in place, the finance company has a responsibility for the quality of the goods and to resolve any disputes where the goods are not of the required standard. VOLUNTARY TERMINATION You have a right to end the agreement by giving us written notice. If you do so, you must immediately return the goods to us, which includes making the payments detailed in the ‘Termination Your Rights’ section on your credit agreement.


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Disclosure:
We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers. Telephone calls are recorded for training and quality purposes.

Reg Office
Batchelors Motor Group Limited,
Camp Hill Close, Dallamires Lane,
Ripon, North Yorkshire, HG4 1TT
Reg. Company Number: 2200090
bdc@batchelorsmotorgroup.co.uk
VAT Reg. No. 481 9663 07