Motor Finance
Finance is provided, subject to status. Written quotations available on request. To apply you must be at least 18 years old and a UK resident (excluding Channel Islands, Northern Island and the Isle of Man). The APR will vary depending on the cost and age of the vehicle, amount of deposit and the length of the agreement. A guarantor may be required. All figures are correct at the time of the site going live.
Typical example; cash price of vehicle £5200.00, deposit £200.00, 48 monthly instalments of £142.50 including acceptance fee of £5.00 per month. Final payment has option fee of £90.00 added. Total charges for credit £1930.00 including acceptance fee of £5.00 per month + £90.00 option fee added to final instalment. Total amount payable is £7130.00 Typical APR 18.2% subject to status and income – written details on request.
Employment must be permanent and you must be contracted to work at least 16 hours, with the same employer, on a weekly basis to qualify for acceptance.
Age limits of between 18years old and 65 years old.The customers age must not exceed 65years at the completion of the agreement.
Self Employed can apply with or without accounts
Driving License is required on a full or provisional basis
Lending limits are from £800 to £15,000 (dependent on status)
Maximum Agreement Term is up to 60 months (5 years)
No Deposit is required but you must have an Active Bank Account for repayment of your agreement.
Negative Equity on your existing car is usually not an issue (ie. your existing car is worth less than the outstanding finance balance still due on your car).
Imported Vehicles - Grey and Parallel can be dealt with by several of our finance houses, (ie where you have been unable to find finance because the vehicle was imported into Britain)
Maximum Age of Vehicle which will be considered for an HP agreement is, Cars up to 14 years old, Vans up to 5 years old, Caravans up tp 12 years old and Motorcycles up to 8 years old - minimum 125cc.
Warranties are also available on request.
Settling your agreement early
You can, if you wish, pay off everything you owe the lender in full at any time by asking for a settlement quotation. This will tell you the amount that you will have to pay the lender. The lender will work this out by applying a formula set out in the Consumer Credit Act. The amount of interest you pay will be less than you would have paid if the loan had run its full course. In the first few months of your loan, the amount that you will pay will include more interest than later in the agreement.
Data Protection Act
If you make an application, your details will be held on computer and used in a credit scoring or other automated decision-making process when assessing your application. An enquiry will be made with Credit Reference Agencies, who will record it so that it can be viewed by other agency users. Your information will also be checked with fraud prevention agencies and if fraud is suspecting ("we" or "us") will record this and those details will be shared with other subscribing organisations.
For the purposes of this application you may be treated as financially linked and your application will be assessed with reference to any "associated" records.
If you are a joint applicant or you have told us of some other financial association with another person, you must be sure that you are entitled to:
• Disclose information about your joint applicant and anyone referred to by you.
• Authorise us to search, link or record information at any credit reference agencies about you and anyone referred to by you.
An "association" between joint applicants, and between you and anyone you tell us is your financial partner, will be created at credit reference agencies. This will link your financial records, each of which will be taken into account in all future applications by either or both of you. This will continue until one of you successfully files a disassociation at credit reference agencies.
You authorise us to make all enquiries necessary to verify this information to enable us to consider this application. If you apply for insurance your information will be passed to the administrators and the insurers for underwriting, processing claims handling and fraud prevention.
Your personal data will be treated in confidence and will not be disclosed to any third parties except where permitted by law or where you have given your consent.
For further information on the companies with whom your information may be shared please write to us. You may be contacted by mail, telephone or fax (if you give consent), email or other reasonable method with details of products and services offered by one of the above.
