For most people, buying a car can be the second biggest purchase they ever make. With so many vehicle finance options available on the market, understanding the products and what works best for your budget can be confusing, particularly in the current financial climate, where obtaining flexible and competitive terms is more important than ever.

Personal Contract Purchase (PCP)

"The most flexible and popular way to finance a car, giving you the opportunity to own more car, more often, and providing a guarantee for your vehicle value at the end of the contract. Available with small or zero deposit."

How does it work?

  1. Select the car that's best for you - new or used up to 5 years old. Many new cars attract support from the manufacturer, meaning low interest or in many cases, 0% options available.
  2. Tell us your approximate annual mileage - up to 30,000 miles per annum.
  3. Based on this information we will set a Guaranteed Future Value (GFV) for your car - this is the minimum amount your car will be worth at the end of the contract.
  4. Choose the term that suits you best - 24, 30 or 36 months. The amount financed is lower than traditional finance methods as your deposit, plus the GFV, are subtracted from the price of the car. The remaining balance is the amount financed, plus interest if applicable.
  5. At the end of your agreement you then have 3 simple, flexible choices:
    • Part exchange and start again with another new car - any amount left over above the guaranteed value can be used as a deposit on your next vehicle
    • Hand the car back in with no further payment to make, assuming it is within the agreed mileage and is in a 'fair wear and tear' condition
    • Make the final payment and keep the car for longer - we are also able to re-finance your final payment if required

Would it suit me?

  • Low or nil deposit
  • Fixed interest rates
  • Reduced monthly payments compared to traditional finance methods
  • Mileage up to 30k per annum
  • Like to change car every 3 years or less

Hire Purchase (HP)

"The traditional way to finance your car - fixed monthly payments, up to 5 year term and low or high deposit levels. At the end of the agreement you own the car outright, assuming you have made all payments to the finance company on time."

How does it work?

  1. Select the car that's best for you
  2. Pay a deposit, usually from 10% to a maximum of 85%
  3. Agree a term for the balance, from 12 months to a maximum of 60 months (5 years)*
  4. This balance, plus interest if applicable, is the amount financed
  5. Make regular monthly payments and at the end of the contract, once the final payment has been made, the car is yours to keep

Would it suit me?

  • Low or high deposit contribution
  • Flexible terms - up to 5 years
  • Longer term car retention
  • Fixed interest rates

Car finance: here to help you

Do you have historic credit issues and are concerned that you may not be able to get car finance? Don’t worry, we have a prearranged car finance facility that has been designed to help those who may have had poor credit in the past, to purchase a car at an affordable monthly rate. We have access to a wide range of lenders who can tailor a finance offer to try and suit your individual needs. Our provider is Mann Island, 5 St Paul's Square, Liverpool L3 9SJ telephone: 0370 600 6668. They offer numerous finance products but especially have PCP products for used cars, helping to make cars more affordable.

How do we do this?

We discuss how much you can afford every month with us and understand your credit history. This information is then passed to a number of lenders who match your needs to their criteria. You will then be informed when suitable lender makes an offer.

What benefits does this offer?

The service means that you may not have to make several credit applications which may affect your credit rating further. It may save you time trying to find an offer which you can afford. The service is free with no obligation quotes.

What exclusions are there?

However, the service may not be able to find an offer which is suitable for your circumstances and it may be that an offer made may have a longer duration than your preferred choice.

Can anyone apply?

If you are over the age of 18 years, with a full UK driving licence, who has been resident in the UK for 3 years and is employed or self-employed can apply. All finance is subject to terms and conditions and eligibility criteria, the rate you receive will be individual to your circumstances. Please contact us for more information.

Where can I find out more?

If you would like to take advantage of it, please email us at or telephone 01233 504500 to make an appointment.