Enter Honest John's Kit Competition An awesome prize is up for grabs every week | No thanks

Jamjar Introduces PCPs

Sat, 09 Aug 2008
Jamjar Cars Ltd, backed by The Royal Bank of Scotland Group, has changed its proposition to customers, and is now offering personal contract hire (also known as personal leasing) as a flexible alternative to buying.

Previously, Jamjar Cars was an online car retailer where customers could search for new and used cars available to buy with either cash or a loan. However, in response to the current market conditions, Jamjar Cars has changed its proposition to solely offer leasing options through its website.

Graeme Banister, Head of Jamjar Cars explains: “Buying a new car is always a big decision however in the current climate of higher borrowing costs and falling used car values people are keen to explore alternative options. In light of this Jamjar Cars has decided to focus solely on leasing which we feel is an attractive alternative to buying. Leasing allows people to set how much they want to pay each month and for how long. By leasing instead of buying, the worry of depreciation / selling the car on is removed, customers are in control of their motoring costs and can update their car to a newer model more frequently.”

“The updated proposition offers customers flexibility and each deal can be tailored to the individual’s exact needs. It is now a leasing site and we’re delighted to adapt our offering to reflect our customers’ changing requirements.”

Customers benefit from reduced administration and can opt for a maintenance and service package which covers all servicing, parts and labour for the duration of the lease agreement. This helps ensure that there are no unexpected costs during the time the customer has the car.

For further information on how leasing works and current deals, please visit www.jamjar.com.

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.