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We Compare Finance

So You Don’t Have To!

  • No deposit options
  • No arrangement fees†
  • No obligation quote
  • All Credit history’s welcome

Unsure What Finance is Right for You?

See our useful table which gives you an at-a-glance overview of the different loan options. Then, click to access our online loan calculator to compare different options that might be right for you.

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    • Hire Purchase
    • Personal Contract Purchase
    • Personal Loan
  • Requires initial deposit
  • Usually requires deposite
  • Usually requires deposite
  • You own the car outright
  • Car is yours at the end of the agreement
  • Fixed monthly payments
  • Optional balloon (final) payment
  • Excess mieage charges
  • Secured against an asset (e.g. car)

Ready to apply? Click below and you could get on the road to driving your new car.

Personal Contract Purchase (PCP)

This works in a similar way to hire purchase. Usually, you’ll be asked to pay an initial deposit up front and then you’ll need to pay fixed monthly amounts for a set period to pay off the loan. The more you put down as a deposit, the lower your monthly repayments. Monthly payments are normally lower than on a hire purchase deal or through a personal loan. This is because you pay off the depreciation value of the car rather than the full value of the car.

At the end of the fixed term, you’ll have the option to buy the car outright, this is with one, final payment known as a “balloon payment” that covers the rest of the cost of the car or vehicle in question. Then, ownership is transferred from the finance company over to you. You don’t need to keep the vehicle either, you can simply return it and start a new PCP deal for a brand new car.

Hire Purchase (HP)

This type of financing means you hire your new vehicle direct from the finance company and it’s your responsibility to make the monthly payments until the full amount is paid off. Then, when the repayment period is finished, it’s your choice whether you become the official vehicle owner (you might need to pay a small administrative fee which could be anything from £1 to £299+).

This type of loan will work well for you if you like fixed monthly repayments, or you want to own the vehicle outright at the end of the agreement.

Hire Purchase (HP)

This type of financing means you hire your new vehicle direct from the finance company and it’s your responsibility to make the monthly payments until the full amount is paid off. Then, when the repayment period is finished, it’s your choice whether you become the official vehicle owner (you might need to pay a small administrative fee which could be anything from £1 to £299+).

This type of loan will work well for you if you like fixed monthly repayments, or you want to own the vehicle outright at the end of the agreement.

Personal Loan (Unsecured Loan)

This type of financing allows you to borrow a sum of money in one lump sum, over a fixed period of time. Now this loan is not secure against anything so the moment the money borrowed is transferred to the dealer, the vehicle is yours. This means you can sell the vehicle whenever you want but you still need to pay off the loan.