THE BULLET PLAN
THE BULLET PLAN
The Bullet Plan gives you the opportunity to maintain a lower EMI by scheduling a specified annual payment which is higher than the regular monthly payments.
Agree on the initial down payment and the tenure of the agreement based on which we will then define your annual bullet and monthly payments.
An Authorised Jaguar Retailer will submit the finance application to Jaguar Financial Services and subject to your application being approved, you can drive away in your Jaguar.
How It Works:
− Decide your down payment for a new or pre-owned Jaguar.
− Set your monthly payments to suit your budget by adjusting the annual bullet payment.
− Repay over 1-5 years for a new or pre-owned Jaguar.
− 0 % down payment may be available subject to approval from Jaguar Financial Services and at their sole discretion.
− A perfect plan for those who expect seasonal income, annual hike in their income or bonuses.
− You have the opportunity to maintain a lower monthly payment which is reduced due to this annual bullet payment option.
− The Bullet Plan allows you to decide upfront the timing of your annual bullet EMI.
What Happens At The End Of The Agreement?After all the payments have been made, Jaguar Financial Services will issue a No Objection Certificate allowing you to remove hypothecation from the Registration Certificate. Until the final payment is made, your Jaguar car will remain hypothecated by Jaguar Financial Services.
What Else Do I Need To Know?
− Ideal if: You want to own your Jaguar outright at the end of your agreement or you like to budget and know the exact payment amount each month.
− Jaguar Financial Services provides you the opportunity to finance a new or pre-owned Jaguar.
− A pre-owned Jaguar can be funded for a maximum tenure of up to 5 years depending on the age of the car.
− Budget with confidence: Scheduled monthly payments with annual bullet EMI option, giving you peace of mind.
− Protection: You have no protection against depreciation as a result of an unexpected fall in the value of the car.
− Your car is at risk of repossession if you do not maintain contractual repayments.
− We strongly recommend that your Jaguar has a valid insurance policy throughout the term of the agreement.