Car Finance FAQ’s

If you want to know more about the finance we provide for our customers, please see some of the frequently asked questions below.

Am I Eligible for Finance?

With a choice of over 16 available lenders we are sure to cater for all personal circumstances including customers that are Employed, Self Employed, Full Time, Part Time and/or in receipt of HMRC benefits. To enter into a finance agreement you must be a minimum of 18 years old with at least a provisional driving licence. All finance is subject to status. When applying, please be completely honest with your answers as false or incorrect information may lead to your application being declined.

What lenders do you use?

This depends on your credit history. Once we have confirmed your situation and assessed your finance application, we will have a general idea of what finance you need and what lender will cater for your specific needs. This may be a mainstream lender who offers a cheap rate or a specialist lender who will take a more rate to risk approach. Rest assured we will help find you the best finance deal from our panel of lenders.

I have a bad credit record – can you still help me?

If your credit record has been affected by CCJ’s, Defaults, Missed or Late Payments, we could still help. We believe that all customers deserve to be treated the same regardless of their past credit history. We understand that things are not always straightforward in life and sometimes things fall out of your control. Rest assured, we will try our utmost to assist you.

What is the interest rate?

This is dictated by the lender and is obviously dependant on your circumstances. If you have a clean credit history you will benefit from the cheapest rates. Likewise if you have experienced a problematic past you will be expected to pay a higher rate. The representative rate is an indication of the rate charged for the majority of customers. Your personal rate can be lower or higher than this depending on your circumstances and credit history.

How much can I borrow?

This is decided by each lender as all lenders have their own guidelines for lending. However the driving factor will normally be geared to your earnings. Most lenders will undertake an income and expenditure or affordability check to ensure that they are lending responsibly and that you can comfortably afford the monthly payments.

What are the repayment terms?

You will be given the option to pay your car finance back from a 12 month term up to a 60 month term. As a rule of thumb, the longer the term, the cheaper the monthly payment; but the more interest you will be charged.

Do I need a deposit?

In the majority of circumstances a Zero Deposit option is available. However a Car Holding Deposit may be required in order to secure your chosen car. Holding deposits start from £100.00. Once a holding deposit is paid, that car is reserved for you and prevents anyone else from buying it providing any personal documentation requested by the lender is received within their time scales.

What cars are available?

With our growing dealer network, we are sure to have the right car for your family and pocket. From small and economical right up to performance and prestige, we will help select a car from available stock that is based on your finance approval and monthly budget.

How do I choose a car?

Choosing a car is exciting business, but what happens if you decide on a car and then find out that you cannot get your finance approved? While no one can strictly offer Guaranteed Car Finance, we assist our customers in getting them approved for an Approved Maximum Lending Limit. We can then with confidence help you select a car that best matches your approval. We also look to secure you the best finance deal for your circumstances.

How long does the process take?

With our fast decision making process, our aim is to complete the whole process within 48 hours of you deciding on a car. Most lenders are accessible online and we can normally approve you for finance the same day. All lenders will request some form of documentation that clarifies your situation. This may include Proof of Earnings, Confirmation of Address and of course your Driving Licence.

Is delivery available?

With more lenders offering an E-signing documentation process, in some instances we can offer a delivery service subject to availabilty and a delivery charge. Please enquire for more details.

Have another question you’d like answered?

Please complete the enquiry form on our contact page. We will get back to during normal office hours, usually within 24 hours.

Have another question you’d like answered?

Please complete the enquiry form on our contact page. We will get back to you as soon as possible, usually within 24 hours.

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Finance Examples

Bad Credit
Representative Example: If you borrow £7,000.00 over 60 months, you'll pay a total amount of £13,331.59 which works out as a monthly payment of £222.19. Representative APR of 29.0% (fixed).
Poor Credit
Representative Example: If you borrow £7,000.00 over 60 months, you'll pay a total amount of £11,080.74 which works out as a monthly payment of £184.68. Representative APR of 19.80% (fixed).
Average Credit
Representative Example: If you borrow £7,000.00 over 60 months, you'll pay a total amount of £9,342.67 which works out as a monthly payment of £155.71. Representative APR of 12.0% (fixed).
Good Credit
Representative Example: If you borrow £7,000.00 over 60 months, you'll pay a total amount of £8,616.94 which works out as a monthly payment of £143.62. Representative APR of 8.50% (fixed).
Excellent Credit
Representative Example: If you borrow £7,000.00 over 60 months, you'll pay a total amount of £8,100.26 which works out as a monthly payment of £135. Representative APR of 5.90% (fixed).
We are a comprehensive vehicle agent offering a complete service including car sales, sourcing and finance. If you need car finance today please fill out a finance application.
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