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Hitachi Capital Motor Finance and Pendragon have partnered together in order to launch an exclusive 84 month motor loan.

The product will be available on motor loan and buy now pay later (six month deferred) schemes at interest rates of 9.9%-8.9% APR.

It will be offered at 125 of Pendragon’s Evans Halshaw branches, which sell and service Citroen, Dacia, ford, Honda, Hyundai, Kia, Nissan, Peugeot, Renault, SEAT and Vauxhall vehicles.

Jonathan Turner, Strategic Development Manager at Hitachi Capital Motor Finance, said: “We’re delighted to be partnering with Pendragon to offer the market’s first ever motor loan on an 84 month term.

 “Our Buy Now Pay Later deal is a great way for customers to get the car of their dreams, when they need it, without breaking the bank. With this new offer customers can make their purchase before the end of the year and not have to worry about the first payment until April 2017.”

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By GlobalData