Try the numbers
What a car could cost a month.
Move either slider and the rest of the figures follow.
£183.96a month
- Term
- 48 months
- First payment
- £183.96
- 47 monthly payments of
- £183.96
- Cash price
- £8,000.00
- Cash deposit
- £800.00
- Amount of credit
- £7,200.00
- Total charge for credit
- £1,630.08
- Total amount payable
- £9,630.08
- Fixed rate of interest
- 10.4% a year (assumed)
- Representative APR (assumed)
- 10.9% APR
This is not a quote. It uses an assumed 10.9% APR so you can see how the deposit and the term change the cost, and it leaves out any lender fees. Your real rate depends on your circumstances and the lender, finance is subject to status, and you’ll see the actual figures before you agree to anything.
The two options
Hire purchase or PCP.
Both can be arranged with no deposit. Which suits you depends on whether you want to own the car at the end.
Hire purchase (HP)
You pay off the whole price of the car in monthly instalments. The lender owns it until the last payment, then it’s yours.
- At the end
- You own the car
- Monthly payments
- Higher
- Suits you if
- You keep cars for years
Personal contract purchase (PCP)
You pay off part of the price, leaving a final “balloon” payment based on what the car should be worth at the end.
- At the end
- Pay the balloon, hand it back, or change
- Monthly payments
- Lower
- Suits you if
- You change cars every few years
How we’re paid
What the lender pays us, and how to find out.
We’re a credit broker, not a lender. We introduce you to a limited number of lenders and don’t charge you anything for doing it.
- The business is paid by the lender if you take out an agreement: either a fixed fee or a fixed percentage of what you borrow.
- It varies between lenders and types of agreement.
- It doesn’t change your rate. The payment doesn’t affect the rate you’re offered.
- Ask, and we’ll tell you the amount. You can ask at any point from the first conversation until your agreement starts.
- None of it goes to staff. Nobody you speak to is paid more for arranging finance.