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Motor Finance

Want the latest vehicle on the market?

Get approved for finance with our free car finance eligibility check, with no impact on your credit score.

Rates start from 6.9% APR.

You know you want the latest vehicle on the market, but you don’t quite have the funds to be able to afford it at retail price. There must be other options? Well, luckily there are. With Motor Finance, you’ll be able to pay for your dream vehicle in monthly instalments.

By using our free car finance eligibility check, you’ll be able to find the right finance for you. You’ll be able to find your monthly instalments and how much APR you will be paying, all within seconds of completing your application.

No Broker Fees
No Deposit Options
All From An Independent Broker

What Are The Different Types Of Motor Finance That I Can Apply For?

When taking out motor finance, you’ll be asked which type of finance you’d like to purchase. There are three types of finance you can apply for. Here are your options:

Hire Purchase (HP)

Hire Purchase is one of the most common forms of Motor Finance. This means that you’re hiring the vehicle from the lender until you’ve paid it off in full. The loan is secured against the vehicle and you won’t own it until the final payment has been made.

Please Note: The amount you pay-per-month will be affected by the size of the deposit you put down.

Personal Contract Purchase (PCP)

Personal Contract Purchase is similar to Hire Purchase in as much that you have fixed monthly repayments. The main difference is that at the end of your fixed term, you can:
A) Hand the car back to the dealer
B) Use the equity as a deposit for your next vehicle
C) Obtain ownership of the vehicle by paying the Guaranteed Minimum Future Value.

Please Note: If you go over your annual mileage or your car has damage that isn’t classed as ‘wear and tear’ - you may be subject to a charge from the lender.

Personal Loans

A Personal Loan enables you to borrow a sum of money over a certain amount of time. If you go ahead with a Personal Loan to purchase a vehicle, you will own the vehicle from the moment the dealer receives the money for it. The biggest difference from HP and PCP is that the loan isn’t secured against the vehicle, so you’re free to sell the car at any point after purchase.

Please Note: If you have poor credit history, you’re less likely to get accepted for a personal loan.

Guarantor Loans

A Guarantor Loan is suggested to an individual when they have a particularly poor credit score. This is because it involves a third-party acting as your guarantor if you fail to keep up with repayments. Usually a Guarantor will be a family member or friend. If you do fail to keep up with payments, the Guarantor will pay on your behalf.

Please Note: A large majority of the time, companies will ask that your Guarantor is a homeowner.

Frequently Asked Questions

We understand that taking out motor finance can seem quite daunting. That’s why we’ve put together a collection of FAQs to answer any questions that you may have.

Motor Finance is a credit agreement that is arranged between you and the lender which allows you to purchase a vehicle.

Not much honestly. Once you’ve filled some basic details, the broker will require proof of your income so you can show that you are capable of paying back the monthly instalments. You will also need to show a valid ID to get you approved.

Our broker will help customers from all backgrounds and circumstances find the right motor finance deal for them, including those who have been refused loans in the past. Our broker believes that your past doesn’t represent your present and future.

‘Annual Percentage Rate’, better known as APR, describes the amount of interest a bank or lender charges on the money that it lends, calculated over a year period. You will pay the interest on top of the sum you applied for.
Typically people arrange finance to be able to drive a newer vehicle, but you are more than welcome to arrange finance in order to drive an older vehicle. Our broker will work with you to be able to achieve this.