No, applying for finance through us will not impact your credit score. Initially, our panel of lenders conducts only a soft search, which does not leave any trace on your credit report. If you choose to proceed with one of our finance options, a hard search will be conducted at that point.

Yes, it's entirely possible. You just need to provide your settlement figure (the amount you currently owe) to your account manager. They will use this information to explore the available finance options for you, making it easy to conclude your current agreement and commence a new one.

Hire Purchase (‘HP’)

1. Hire Purchase is a loan with a set duration and fixed costs, tied to the acquisition of a vehicle and often secured by it.
2. doesn't always require an upfront deposit, although this may vary depending on the lender. Opting to provide a deposit could potentially reduce your monthly repayments.
3. If your goal is to become the full owner of the vehicle after completing all the payments, this type of agreement could be a suitable choice for you.
4. Please keep in mind that you won't have full ownership of the vehicle until you've completed all the payments to the finance company.
5. "The payments will be determined and agreed upon before you sign the contract, based on a specific interest rate and term. Unlike some other agreements, there are no mileage restrictions in this type of arrangement, as it's assumed that you'll take full ownership of the vehicle at the agreement's conclusion.
6. Typically, this type of agreement comes with a modest option-to-purchase fee at the conclusion of the agreement.

Personal Contract Purchase (‘PCP’)

1. A PCP can provide you with flexibility at the agreement's end, along with lower monthly payments compared to other financing options.
2. This option may be well-suited for customers seeking lower monthly payments or the choice to return the vehicle at the end of the term.
3. Some lenders may Rrewuire a deposit.
4. We will establish an agreed-upon mileage allowance and term. It's important to be aware that exceeding the agreed mileage may result in additional costs.
5. You need to determine the Guaranteed Minimum Future Value (GMFV) of your vehicle. This figure will be used to calculate your 'balloon' or final payment at the conclusion of the agreement.
6. At the end of your term, you have the choice to either make the 'balloon' payment, return the vehicle, or swap it for another (although this option can vary depending on the dealership).
7. Full ownership of the car will not be yours until all payments have been completed.
8. Be sure to thoroughly review the entire agreement for any extra charges, which might involve exceeding the mileage limit or any wear and tear on the vehicle.
9. It's important to note that there is no guarantee of having any equity in the vehicle once the agreement concludes.

Conditional Sale Agreement

1. Similar to an HP (Hire Purchase) agreement, but with the commitment to full ownership of the vehicle at the conclusion of the agreement. There is no option to purchase fee, and returning the vehicle is not allowed.
2. If you have a deposit available, you can choose to put it down as part of the agreement, although some lenders may include this as part of their criteria.
3. This type of agreement is a suitable choice if you are absolutely certain about your intention to become the full owner of the vehicle at the conclusion of the agreement.
4. The lender retains ownership of the vehicle until you've completed all the payments. Unlike some other agreements, there are no mileage restrictions, and the payments and terms are established before signing.

Lease Purchase

1. Similar to a conditional sale, in that you'll gain ownership of the vehicle after making all the payments.
2. You might be required to make 'advanced payments,' which essentially function as a deposit.
3. An amount of money can also be postponed until the conclusion of the agreement, and this calculation is based on factors such as mileage and the age of the vehicle, similar to how it's done in a PCP.
4. The deferred payment must be paid; it's not an optional payment. Be sure to factor this into your budget when planning your finances.
5. This option may be ideal for a customer who is committed to owning the car and wishes to reduce their monthly repayments by making an initial 'deposit' payment at the start of the contract and a 'deferred' payment at the end.

All our vehicles are sourced either directly from manufacturers, through authorized main dealerships, or via vehicle holding and preparation centers.