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8.9% APR Representative
We are a credit broker, not a lender
8.9% APR Representative
We are a credit broker, not a lender
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Representative Example – Personal Contract Purchase: Cash Price £35,000.00, Deposit £2,000.00, borrowing £33,000.00 over 4 years at 8.9% Representative APR (fixed). 47 monthly payments of £496.83 followed by a final payment of £18,590.00. Total cost of credit of £8,941.01 and total amount payable of £43,941.01. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
What is Regulated Finance?
A regulated finance agreement is a credit agreement governed by the Consumer Credit Act 1974. It typically applies when a lender provides credit to an individual or small partnership, with PCP and Hire Purchase both falling into this category. These agreements require the lender to meet specific legal obligations, including clear disclosure of terms, the right to cancel, and protections against unfair lending practices.
This kind of finance is utilised a the majority of car finance customers, offering protection throughout the agreement, with less prerequisites to limit who can apply. PCP is the UK’s most popular form of regulated finance, with over 80% of our customers opting for a PCP agreement with us.
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Regulated Finance Example
Cash Price £35,000.00, Deposit £2,000.00, borrowing £33,000.00 over 4 years at 8.9% Representative APR (fixed). 47 monthly payments of £496.83 followed by a final payment of £18,590.00. Total cost of credit of £8,941.01 and total amount payable of £43,941.01. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded.
What is Non-Regulated Finance?
A non-regulated finance agreement in the UK is a credit agreement that falls outside the scope of the Consumer Credit Act 1974. These agreements are not subject to the same consumer protections, giving lenders and qualified borrowers more flexibility.
Non Regulated is available for Corporate entities and High Net Worth Individuals (HNWI). To qualify as a HNWI you must have £500k in assets outside your primary residence or income in excess of over £150,000 net per annum. This gives Magnitude the option to utilise our relationship with a number of commercial funders on our panel, who can offer bespoke Lease Purchase terms.
Speak to our concierge team to learn more>
Non-Regulated Finance Example
Cash Price £120,000.00, Deposit £20,000.00, borrowing £100,000.00 over 4 years at 6.9%. 47 monthly payments of £1,031.68 followed by a final payment of £75,000.00. Total cost of credit of £8,941.01 and total amount payable of £143,488.96. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded.
BMW M2 Competition
PCP Finance Example
8.9% APR Representative
We are a credit broker, not a lender
Mercedes CLA35
PCP Finance Example
8.9% APR Representative
We are a credit broker, not a lender
Porsche Macan
PCP Finance Example
8.9% APR Representative
We are a credit broker, not a lender
Representative Example – Personal Contract Purchase: Cash Price £35,000.00, Deposit £2,000.00, borrowing £33,000.00 over 4 years at 8.9% Representative APR (fixed). 47 monthly payments of £496.83 followed by a final payment of £18,590.00. Total cost of credit of £8,941.01 and total amount payable of £43,941.01. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
Your finance options
8.9% APR Representative
We are a credit broker, not a lender
We're rated "Excellent" by our customers!
Got questions?
Our team are on hand to help answer any queries you may have. You can call us, chat with us on WhatsApp and Live Chat or get in touch using the contact form in the footer.
Frequently Asked Questions
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Yes, but this will depend on the amount you are looking to finance, and the lenders available will be limited. For lower value vehicles this is normally not an issue, but it will take longer for you to pay off your finance.
The average deposit is usually 10% of the price, and on higher value vehicles the lender may ask for a larger deposit depending on your situation.
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Yes, you can finance a private sale, but the options for this are limited and there are requirements that must be met to be able to fund one, along with a minimum vehicle value of £30,000. Please speak to our team if you are looking to finance a private sale.
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Yes, our concierge team have plenty of experience financing classics, just get in touch and they can arrange this for you. Please bear in mind that there is a minimum vehicle value of £30,000 for this service due to the limited number of lenders that will finance a classic vehicle.