ADVANCE PAYMENT PLAN
Jaguar Advance Payment Plan (APP)
HOW IT WORKS
1. Renew – part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
2. Retain – to keep your Jaguar, you only need pay the optional final payment.
3. Return – return the vehicle and do not pay the Optional Final Payment. If the vehicle has exceeded the maximum agreed mileage a charge for excess mileage will apply. Providing the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay.
- No regular payments
- The predicted value protects you against any potential fall in used car values. The value of the vehicle at the end of the contract is guaranteed to at least equal that of the deferred Optional Final Payment if you exercise your right to return to vehicle under the Goods Return Option
- With shorter terms you can be driving a new Jaguar more often, meaning your servicing and maintenance costs may be reduced
- Flexibility – you choose the annual mileage and agreement term to suit you; at the end of your agreement you choose the right option for you
Additional business user benefits:
- Interest charges are allowable against tax
- A proportion of the car’s value can be written down against profits as an asset on your balance sheet (CO2 based)
WHAT ELSE DO I NEED TO KNOW?
- You want to protect against an unexpected fall in used vehicle values
- You want more spending power – maybe for a newer or higher specification model
- A proportion of the credit is deferred to the end of the agreement and you should prepare for this if you want title of the vehicle to be transferred into your name
- Newer model means lower maintenance costs
TERMS AND CONDITIONS
**Some APP Finance Offers have a maximum term of 24 months
For electric vehicles the maximum annual mileage is 24,000, not to exceed the battery warranty mileage at the end of the contract.
Credit is subject to status and only available to UK residents aged 18 and over. Credit is provided by Black Horse Limited trading as Jaguar Financial Services, St William House, Tresillian Terrace, Cardiff CF10 5BH.