Professional Golfers Car Finance Deals

For many years professional golfers have been offered Personal Contract Hire vehicles from manufacturers, marketed as ‘Membership Benefits‘, but are you actually getting a good deal?

What are the benefits of this method of sourcing a car?
What are the cons?
What are the alternatives?

Special car finance rates for Professional Golfers and their families.

The Car Loan Warehouse is in a position to offer professional golfers Hire Purchase agreements for the purchase of their next vehicle and also the sourcing of vehicles, if required.

Pros and Cons of Car Finance Options

There are positives and negatives for both Personal Contract Hire and Hire Purchase, but is Contract Hire the best option for you? Take a look through the table below to see where you fit.

The benefits of Personal Contract Hire & Hire Purchase:

….and the drawbacks:

Conclusion:

Those who wish to drive a new car every two or three years, pay fixed monthly bills and have no interest in owning the car themselves, Personal Contract Hire may be a good choice. If you are VAT registered you will have the added benefit of being able to claim some VAT charges back.

As most professional golfers are not VAT registered, this is of no benefit at all and Hire Purchase may be a better deal. You can buy new or used cars, pay regular monthly amounts and at the end of the term you own the car. The ownership is an important point as you now have a salable asset which could be used as a healthy deposit for your next purchase, thus reducing future loan amounts and monthly payments.

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