Finance

At JEMEC, we'll be the first to tell you that:

a) we are definitely not financial advisors, and

b) it will be cheaper, in the long run, to pay for your vehicle outright rather than paying interest on a finance product.

However, people do choose vehicle finance or funding for many reasons.  Firstly, it means you can buy a car which you may not be able to pay for outright and manage the purchase through manageable monthly payments.  This is especially useful for families who need several seats, people with space-hungry hobbies or businesses which need a specific vehicle for work.

It is also handy if your money is tied up elsewhere - or if you have a better use for your hard-earned cash.  We can give you an instant quotation and a very quick funding decisions - plus the application process will take no more than an hour of your time

At JEMEC, we partner with  local finance companies, including Close Finance CI, to ensure that we can offer you the best option for you, your budget and your lifestyle.  There are a number of finance product available, which we can explain in more detail in person, including:

• Personal Contract Purchase (PCP) with Guaranteed Residual Value
• Traditional Hire Purchase
• Hire Purchase with a Balloon Payment/Non-Guaranteed Residual Value

The best option for you will depend, among other things, on your budget, the vehicle you choose, how much deposit you have and how long you are planning to own the vehicle for.

It is important to remember that we act on behalf of the lender for this introduction and not as your agent. We are not independent financial advisors and we are not impartial. We do not review all the funding options which may be available to you and cannot give you advice.  Our aim is to secure a suitable finance agreement for you that enables you to achieve your financial objectives and purchase a vehicle.  We cannot influence your interest rate.  

In most cases, we will receive a commission from your lender for introducing you to them. This is either a fixed fee or a fixed percentage of the amount that you borrow.  Different lenders pay different commissions.  However, any commission the lenders pay us will not affect the amounts you pay under your finance agreement. 

Internally, unlike other dealerships, no members of our team at JEMEC are, or have ever been, paid commission. We do not have, and have never had, a 'Finance Manager' or a 'Business Manager' or anyone similar who is paid and rewarded for selling finance.

All finance applications are subject to status and for Jersey residents only who are aged 18 or over.  Terms and conditions apply.  Guarantees may be required.