Why Finance Your Car?
- Competitive Rates
- APR from as low as 7.9% representative
- Quick & Easy
- A decision within minutes
- Apply Online or In Store. The choice is yours.
How It Works
Find your perfect car
Choose from our wide range of high quality cars that have thoroughly checked, prepared and quality assured.
Choose your deal
Apply for finance online or in store. You can also part exchange your old and lower finance costs.
Once approved you can pay a deposit and sign all documents either online or in store.
The right car finance deal for you
Choose from our monthly payment options. As we're a finance broker not a lender, we'll always find a competitive deal for you.
Hire Purchase (HP)
HP is a finance plan that allows you to spread the cost of the car by making monthly payments over an agreed term.
You make higher monthly payments than a Personal Contract Purchase (PCP) agreement, so that when you come to the end of the agreement you'll own the car.
Unlike PCP, there are no limits on mileage.
HP could be right for you if you want to buy the car at the end of the agreement.
Personal Contract Purchase (PCP)
PCP is a finance plan where you make equal monthly payments over an agreed term, with a larger final repayment due at the end if you decide to keep the car.
At the end of the agreement, you have three options. You can hand the car back to the finance company (the car must be in good condition and within the agreed mileage, otherwise charges may apply), part exchange it for another car on a new agreement (subject to status), or pay the final repayment to own the car.
PCP could be right for you if you're thinking of changing your car in the next few years, or if you're unsure whether you want to buy the car at the end of the agreement.
Did you know?
PCP monthly payments are usually lower than HP payments. This is because a large part of the total amount payable is left to the end of the agreement. You also pay interest on the car's value at the end of the term, which means that PCP can be more expensive overall.
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HP or PCP - which is right for me?
HP and PCP are loans to finance your car
You simply pay a deposit followed by monthly instalments at an agreed interest rate. The length of your agreement can be between 36 and 60 months.
What's the difference?
Hire Purchase (HP)
Your monthly instalments pay off the total cost of the car, so once you've paid the final instalment you own the car. If you'd like to own the car at the end of the agreement, HP is usually cheaper overall than PCP.
No excess mileage charges
You don't need to worry about keeping track of your mileage.
Personal Contract Purchase (PCP)
With PCP, you pay lower monthly instalments than HP. This is because a large part of the total amount payable is left to the end of the agreement, in the final repayment.
You have three options when the agreement ends:
You can trade in the car for a new deal
You can swap the car for another one, subject to the terms of your agreement. If the actual market value of the car is higher than the lender's predicted value, you can put the difference towards your deposit for a new agreement. New finance agreements are subject to status.
You can return the car
You simply hand the car back to the lender. Most lenders will collect the car but you should check the terms of your finance agreement. The car needs to be in good condition and within the agreed maximum mileage or there may be extra charges.
You can buy the car
When you enter into your finance agreement, the lender predicts what the car will be worth when the agreement ends. If you pay this lump sum, called the ""balloon' or ""optional' final repayment, including any purchase fee, you'll own the car. If you know that you want to own the car and can afford higher monthly instalments, HP could work out cheaper overall than PCP.
What extra charges will I have?
When you apply for PCP finance you'll need to estimate your annual mileage. It's important your estimate is as accurate as possible as you'll be charged per mile over the agreed maximum mileage.
Normal wear and tear based on your agreed maximum mileage is expected, but you may be asked to pay for any additional damage to the car.
Ending your agreement early
Whether you have a HP or PCP agreement, you have the right to end your agreement at any time by paying off the remaining balance in full. If you have paid half of the total amount payable and are up-to-date with your monthly payments you also have the right to simply hand the car back. This is known as your voluntary termination rights.
If you have a HP agreement and you want to pay it off early, you'll own the car outright. You may also need to pay an early settlement fee, so don't forget to check your agreement.
If you have a PCP agreement, the mileage and condition of your car will need to be line with what's stated in your terms and conditions.