Getting a car on finance

Car Finance is an easy and effective way to pay for your next vehicle. Instead of paying for your car in one single lump payment, you can spread the cost into more manageable instalments. We believe that car financing should be accessible to everyone and want to take the stress out of getting your next car. We want to make the process as easy as possible and get you the best deal from a wide range of trusted lenders. There are different types of car finance agreements available but we specialise in a simple form of financing called is hire purchase. Let’s explore how buying a car on finance works and which type of agreement is best for you.

cars in town

How do I apply for car finance?

Car finance companies like us work as a broker and not a lender. We take your application and put it in front of some of the most trusted lenders in the UK. We then select the best used car finance deal on your behalf and if everything looks good to go, you can then get the car you want!

applying for car finance

1. Our application form only takes a couple of minutes to complete and doesn’t affect your current credit score. Once we have received your application, you will be assigned to one of our helpful finance experts who will do all the leg work for you.

finance lenders

2. We find the most suitable deal for you and once you’re happy with your chosen agreement, you can shop around for the car you want.

new car day

3. The beauty of using a car finance company like us is that you can take your finance deal to any FCA approved dealership across the UK and pick up your chosen car. You can also view our cars that we currently have in stock.

Find out more about how car financing works.

Which type of car finance is right for me?

Hire Purchase

Hire Purchase is our speciality and it’s a good option for customers who want to own the car in the long term. You choose a car, the finance company pays the dealer and you essentially hire the car from the finance company. This means they have full ownership of the car during the repayment period but you will be given the option to own the car at the end of the repayment period. If you want to do this, there will be a small admin fee you have to pay.

Find out more about HP finance.

Personal Contract Purchase (PCP)

PCP is an agreement where you choose a car, the finance company pay the dealership and you pay the finance company monthly instalments. However, with this type of agreement, you will only repay part of the total amount that is due, as there is a lump sum at the end of the repayment period (this is called a Balloon Payment). If you wish to keep the car, we can also help you to refinance a balloon payment. At the end of the repayment period, you can either give the vehicle back or keep it.

Learn more about PCP car deals.

Personal Loan

Also known as a personal loan, a car loan is not secured against the vehicle. You will own the vehicle straight away and generally, interest rates are better on this type of finance. However, one thing to note is that you don’t get the same level of consumer protection that you would have with a PCP or an HP agreement. Finally, to take out a car loan, you will usually need a fairly good credit rating. Not sure which is right for you? Check out car finance vs personal loan.

Read more about getting a personal loan.

Conditional Sale

This agreement is similar to a Hire Purchase agreement but you commit to buying the car at the beginning of the agreement. This means that once all the repayments have been made ownership of the car automatically transfers to you. Again, you choose the car, the finance company pays the dealership and the finance company own the car until the final payment has been made.

Read more about what conditional sale is.

Why should you buy a car on finance through us?

  • All credit situations considered including bad credit
  • Access to a wide range of finance lenders
  • Huge car choice
  • Rated ‘Excellent’ by our customers
  • No deposit needed
  • Affordable and fixed monthly payments
  • No harm to your credit score
  • Flexible repayment terms 
  • Finance experts on hand to help
happy with car financing deal

Car Financing FAQs

How much does car finance cost?

When it comes to getting a car on finance, there’s no one size fits all. The cost of your finance deal can depend on a number of factors including your deposit, interest rate, the value of your chosen car and length of the loan term. Whilst we do have no deposit options available, you can reduce your costs by putting in as a deposit contribution. Your interest rate offered can also affect your monthly repayments. You can find out more about how your interest rate is calculated.

Will getting a car on finance affect credit score?

When you apply with us, we only provide a soft search credit check on your credit file. This allows us to get access to a small amount of information on your credit file, not the whole thing. A soft search credit check doesn’t harm your current credit score and isn’t recorded on your credit file. Your credit score can only be negatively affected by finance if you fail to meet your payment deadlines and continuously make missed or late payments. Many of our customers get a car on finance to help rebuild their credit score. They do this by meeting their payments each month on time (along with any other financial obligations) and their score can start to repair. 

Who is eligible for a car loan?

We believe that financing a car should be more accessible for a range of people. That’s why we make it as easy as possible, as long as you can say yes to the below, we could have a finance approval for you. 

  • I am 18+ years old
  • I have lived in  the UK for 3+ years
  • I am not currently bankrupt 
  • I can prove my affordability

All good to go? You can apply here for a more personalised finance quote. 

Can you get a car on finance with a low credit score?

It can be harder to get approved for finance if you have a low credit score or no credit history, however, we use our expert knowledge and specialist lending panel to help get you approved! We don’t just take your credit history into account but focus more on your affordability and how you will pay back your car on finance. We’ve worked with a wide range of trusted lenders for many years and have built up a great relationship. This helps us to get the best car deals even if you have a bad credit score. 

Footprint free car finance quote

Which cars can you get on finance? 

If you know what make and model of car you are after, we can help secure the finance for you. You can explore our finance options by your chosen car make below: 

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