Finance
We can provide a range of finance solutions from traditional Hire Purchase to PCP.
Our aim is to make things clear so you’re happy that the finance option you choose is right for you.
Get in touch and we’ll be happy to explain the differences, including pros and cons of HP and PCP. A basic information leaflet can be found here: Finance Products Explained Booklet
We can send you a customised quote for any vehicle. Or for something on our website you can edit the quote yourself to get an idea of the figures for different deposits etc.
Existing Finance
If you already have car finance on your old car, you can still trade it in to us. Contact your existing finance provider for a settlement figure and get in touch with us.
Online Application
Once you have edited a quote on the car page or had a quote emailed, get in touch with any questions.
If you are happy to proceed with an application for finance:
To apply:
1 - Read our IDD (can be found below)
2 - Complete these questions: Quick finance questions
3 - Complete the application form either on the car for sale page by clicking finance (or if it's not a car listed for sale then follow the link we emailed you or fill in the application form below on this page)
The main car finance products are HP and PCP:
HP (Hire Purchase)
HP is typically quoted over 5 years. But you can choose the term from 2 years to 5 years with most lenders. The cost of the car (plus the interest) is divided in to equal payments. By the end of the payment period you will have paid off the whole car so you’ll own it. HP is good if you want to own the car long term.
PCP (Personal Contract Purchase)
PCP is typically quoted over 4 years but can be from 2 years to 4 years depending on the lender. Instead of taking the car purchase price (plus interest) and dividing up your payments, a significant part of the amount borrowed is deferred to the end of the agreement. This ‘final payment’ is often called the ‘balloon payment’ or ‘guaranteed future value’. At the end of your agreement you can pay this amount to purchase the car outright if you want to keep it. Or you can return the vehicle (or often trade it in) to pay off this final payment. Your annual mileage is chosen at the start and will alter the final value and therefore alter your monthly payments. This option is good if you plan to change vehicle in a few years or want the lowest monthly payments on a fairly new vehicle.
There are other options including for business users. Please ask for more details.
More information including Pros and Cons on these options can be found here: Finance Products Explained Booklet
Some independent car finance information and advice is also available here: Financing a car advice from moneyhelper.org.uk
Important information
Please read our IDD initial Disclosure Document below before applying for car finance. We are Authorised and Regulated by the Financial Conduct Authority (The Car Source (Vehicle Supplies) Ltd t/a The Car Source, Firm Reference Number 977735). We are a credit broker and not a lender.
We work with a number of credit providers / lenders who may be able to offer you finance for your purchase. We usually receive a commission fee from whichever lender offers your finance. You can ask us for details of any fee. Finance is subject to status. Over 18s only. UK residents only.
Terms and conditions apply which will be provided by the lender before agreement. Rates may vary depending on credit rating and other personal or vehicle profile factors. Figures given for our cars on advertisements, on our website or by using the finance calculator are representative examples and may not be available to all customers.
If you do not keep up payments on your finance agreement your vehicle may be repossessed by the lender and your credit rating may be adversely affected.
Representative example: Cash Price£12,995.00 Cash Deposit: £2,995.00 Finance type: Hire purchase, Term48 months, First Payment £260.34, 46 Monthly Payments: £260.34, Final Payment: £260.34, Total Deposit: £2,995.00 Amount of Credit: £10,000.00 Total Charge for Credit: £2,496.32 Total Amount Payable: £15,491.32 Admin Fee: £0.00 Representative A.P.R.: 12.0% Rate of Interest (fixed)11.39%
You have the right to make a complaint about our brokering of finance. Our complaints policy can be found here: Privacy, Data and Complaints Policy