The Financial Conduct Authority, as part of the Bank of England, are the financial regulator who control the rules surrounding car finance and dictate what regulations companies need to adhere to. Failure to meet these aforementioned regulations can result in expensive litigation and a loss in customer trust: Consumers, brokers and lenders alike need to … Continued
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The Current Car Finance Market in the UK Today, the car finance market is going through a period of transformation. More than ever, finance providers are focusing on customisation, online sales and marketing techniques, and the advancements of digital tools to improve the customer journey. In this article, we’ll explore how the history of car … Continued
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The Costs of Car Ownership Having a car is essential for many British commuters, but buying a new car outright brings many costs you might not have considered. However, while there are lots of affordable cars to buy with no monthly fee, finding the right car can be difficult. That’s why car finance is so … Continued
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Finding the right finance agreement for your next vehicle can be tricky – that’s why car finance brokers like us exist. At Magnitude Finance, we understand the importance of getting you the best deal. So, what exactly do brokers do? What is a Car Finance Broker? A Car Finance Broker is a business or individual … Continued
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The Porsche Macan EV is here! We’ve been waiting for Porsche’s next EV for a little while, but is it good news, or bad timing? First, think back to 2019/2020, the world of electric cars was about to change dramatically with the first big Marque dropping a performance EV. The Porsche Taycan is released to … Continued
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Car finance is a popular, practical option for many people in the UK. Providing a way to spread the cost of a vehicle instead of purchasing it in one go, it’s not hard to see why this is the case. However, car finance is a trade-off between budgeting and spending, so you need a plan … Continued
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Goodwood this year was a bit of an anomaly, the weather couldn’t make its mind up (typically British) and this year saw the show’s first ever closure on Saturday. Despite that, the festival was still absolute heaven for petrolheads like us! We’ve put together some of our favourite spots from the Festival of Speed, with … Continued
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So you have your heart set on a sportscar, first of all, great choice! Sportscars are built for fun, but unfortunately for us petrolheads, they’re a bit of a dying breed. The sales figures dictate where manufacturers decide to invest more money, and the sportscar market has been on the decline for a long time. … Continued
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Like it or not, SUVs are the biggest-selling car genre, and manufacturers are just pumping out more and more models each year. Whether it’s the higher seating position or the overall safer feeling driving such big cars gives off, the SUV craze hasn’t really slowed at all. There are many benefits to the SUV; the … Continued
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It’s no secret that we are self-proclaimed petrolheads, there’s just something special about cars and that feeling they give you that can’t be replicated anywhere else. So when it comes to Winter, snow, rain, ice, sleet, all that and the favoured rear-wheel drive doesn’t really mix, unless you like driving in circles! So here are … Continued
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When you think of a supercar, what’s the first brand you think of? Ferrari? Lamborghini? McLaren? Understandable as these are some of the most recognisable names when it comes to the fast and exotic. But there are plenty of other brands that have birthed some stunning cars, with some real underdogs on show here. First … Continued
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We’ve covered cars under the £400pm mark here, so let’s take the next step up and see what an extra £100pm can grab you on a monthly PCP. All of the finance examples in this article are for illustrative purposes only and quotes are accurate as of 18/11/22 – interest rates and residual values can … Continued
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You know you want a new car, but you can’t make up your mind, or you just don’t know what you can afford that fits into your monthly payment requirements. We’re here to help you decide with a curated selection of cars, all of which will fall under the £400 a month mark with an … Continued
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