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Rates from 6.9% | 8.9% APR Representative

Specialist Finance Facilities

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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. 

Variable Rate

Option One = Balanced Payments Plan

A Balanced Payments Plan is a type of financing arrangement where the monthly payments are fixed, but the interest rate can vary based on changes in a reference rate, typically this would be the Bank of England base rate.

Key features:

Fixed Monthly Payments: Your monthly payments remain consistent, making it easier to budget.

Variable Interest Rate: The interest rate can fluctuate with changes in the reference rate, which means the total interest you pay over the term can vary up or down.

Final “Balloon” Payment Option: Some plans offer a final larger payment at the end of the term, which can lower your monthly payments.

Flexibility: These plans often provide more flexibility compared to traditional fixed-rate finance, especially if interest rates decrease.

This type of plan can be beneficial for individuals or businesses looking for predictable monthly payments with the potential to benefit from lower interest rates over time.

Risks to note:

The interest rates can rise as well as fall, so you could end up with a higher-than-expected balancing payment at the end of your agreement.

As a specialist product this is outside the Regulation so doesn’t offer the safety of such and is only available for High Net Worth individuals or Corporate Entities.

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Variable Rate

Option Two = Day-to-Day Interest Plan

A Day-to-Day Interest Plan typically refers to a financial arrangement where interest is calculated and applied daily.

Key features:

Daily Interest Calculation: Interest is calculated each day based on the outstanding balance. This means that the amount of interest you pay can change daily and is normally calculated as part of a monthly payment.

Flexibility: These plans can be beneficial for managing cash flow, as they allow for more frequent adjustments to the interest based on daily balances and give the benefit of a true variable plan.

This type of plan can be advantageous if you frequently make deposits or payments, as the interest calculations will reflect these changes more quickly.

Risks to note:

The interest rates can rise as well as fall, so you could end up with higher monthly payments and a higher amount paid overall for your finance.

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Interest Only Facility

Interest-Only Car Finance is a type of car loan where you only pay the interest on the loan for a specified period. Typically available to those adding in a substantial deposit so that all that is left to pay is the interest as the amount borrowed would equal the final payment.

Key features:

Lower Payments: During the agreement, your monthly payments are lower because you’re only paying the interest, not towards and capital which has been deferred.

Better Equity Control: As you have already paid a substantial deposit, the equity in the vehicle is more readily available when switching cars again in future, but you are paying the depreciation upfront

Interest-only car finance can be beneficial if you expect your income to increase in the future or if you plan to sell the car before the end of the agreement. As you know the exact amount outstanding.

Risks to note:

Since you’re not paying down the principal during the interest-only period, you won’t build further equity in the car unless its market value increases.

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Structured Repayments Facility

Structured Repayments Facility refers to a car finance arrangement where the repayment schedule is clearly defined and organized into fixed, regular payments over the term with adhoc additional capital repayments.

Key features:

Fixed Monthly Payments: The loan amount, including interest, is divided into equal monthly payments, making it easier to budget and plan your finances, you can then decide what additional ‘lump’ sum amounts you would like to structure at any stage throughout.

Predictability: Since the payments are fixed, you know exactly how much you need to pay each month, providing financial stability.

Interest Rates: The interest rate can be fixed or variable, depending on the terms of the loan.

Risks to note:

YOU will be contractually obliged to repay any lump sum payments when they fall due.

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Bentley Continental GT

Lease Purchase Finance Example

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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. 

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.

FAQs

  • You can use our calculator to get multiple finance quotes in just a few taps, we show you the lowest APR and monthly payment options we have available from our lenders, for PCP, HP and HP + Balloon (depending on qualifying vehicles).

    If you’d prefer, our team can walk you through the finance options we have available to you on the phone, via email, live chat or WhatsApp.

  • You can use our calculator to get multiple finance quotes in just a few taps, we show you the lowest APR and monthly payment options we have available from our lenders, for PCP, HP and HP + Balloon (depending on qualifying vehicles).

    If you’d prefer, our team can walk you through the finance options we have available to you on the phone, via email, live chat or WhatsApp.

  • Yes, car finance is available for both new and used cars. Terms may vary based on the car’s age and condition. There are limits to what a regular PCP or HP agreement can finance, with older cars of higher value we can look to use a HP + Balloon agreement with some lenders (dependent on qualification terms)

  • Deposits typically range from 10% to 20% of the car’s value, some lenders may require a minimum deposit to be added to be able to borrow from them.

  • 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.

  • No, this kind of finance is not something our lender panel can offer.

  • Yes, but you may need to provide proof of income, such as pension statements etc. Our team will discuss this with you.

  • 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.

  • Yes, most agreements allow early repayment, but you may incur early settlement fees (usually 58 days of interest), but this is dependent on the lenders terms and the type of finance facility you take out.