Ridgeway Group Finance Info (Dealer) | www.ridgeway.co.uk
Most of their dealerships are located down the south of England in such locations as Bournemouth, Portsmouth, Southampton etc. When it comes to the Ridgeway finance, there wasn’t much initial hope. The financing pages are split across each manufacturer whereby they list hire purchase, personal contract purchase (Select) and there is also contract hire. At the bottom of each page no rates are provided and they just advise you to contact your local dealership. Fortunately, when you scan through the used cars at www.ridgeway.co.uk you can sample prices and apply. This depends if the listing carries a HP and PCP badge. When applying you are redirected to a secure URL on www.newvehicle.com.
We checked several listings and the APR was always 12.9%. In regards to their panel they note the lenders used at the bottom of each page in the Disclosure section. The financing departments for various franchised automakers are listed (new car sales). For used cars, a few example lenders are Alphera, Black Horse and Santander Consumer. We would have expected to see rates closer to 6%, but they are probably adding on fees. When checking the dealership opening times, matched hours were seen for sales visits. These were as follows: Monday to Thursday (8.30am/7pm), Friday (8.30am/6.30pm), Saturday (9am/5.30pm) and Sunday (10.30am/4.30pm).