Finance Help

Require used car finance?

Then talk to Poolfoot Motors - Used Car Finance Specialists. All that is required from you is that you read our Initial Disclosure Document, complete our short application form then sit back and relax. We will search different car loans available to find the best one for you. We will then call you back, usually within minutes, to let you know what we can do for you.

What we offer:

• FCA trained Finance sales team: We have the answers to your questions!
• HP and PCP deals: We can get the right deal for your circumstances!
• Low rate UK loans: We endeavour to get you the best deal!
• Below Average Credit Rating: We are still able to help!
• Quick decision: We are sure you will be impressed with our speed and efficiency!
• Quick to and easy to apply: Click here to get started!

What is HP Finance?

HP stands for Hire Purchase finance.

This type of finance lets you spread the cost of the vehicle, interest, and the option to purchase fee by paying fixed monthly payments over a period set by yourself (between 12 to 60 months). You do not have to put down a deposit as you can finance the full amount.

Suits you if:

• You want the option to pay a deposit (but you don't have to!)
• You don't want mileage restrictions
• You want to own the vehicle at the end of the agreement

Things to think about:

• Monthly payments will be higher than with other deals such as (PCP)
• You don't own the car (so cannot sell it on) until you have settled the finance.

What is PCP Finance?

PCP finance stands for Personal Contract Purchase finance.

This type of finance lets you spread the cost of your vehicle by paying fixed monthly payments over a period set by yourself (between 36 to 48 months). At the end of the agreement there is a balloon payment. If you wish to own the car, you will need to settle this first. Otherwise you can 'hand it back' to the finance company or part exchange it at a car dealership.

Suits you if:

• You want the option to pay a deposit (but you don't have to!)
• You want lower monthly repayments (in comparison to HP)
• You want more options at the end of your agreement
• You're happy to pay a balloon payment to own the vehicle at the end of your agreement

Things to think about:

• You don't own the vehicle until you have repaid all the payments and the balloon payment at the end of your agreement
• Additional charges may apply if you exceed the annual mileage

What if I have a below average credit rating?

We have specialised in arranging car loans for people with varying credit scores from excellent to below average for a great many years. As such, we have access to specialist lenders and will go out of our way to make sure you get the best deal for your budget.

You may be unsure of your own credit rating, so here is some information to help you understand more.
A below average credit rating can be brought about by a number of things; missed or late payments towards your credit cards or any other loans or finance, arrears, defaults and County Court Judgements (CCJ's) which are the main contributors.

Also, as crazy as it sounds, if you have no history of any previous loans on your credit file this can also have an adverse effect on your credit score. So what do you do if you have a poor credit score and need to get a loan for your next vehicle?

The good news is there are still a number of specialist lenders that offer car loans to people with a poor credit record who also offer very competitive rates.

Poolfoot Motors has operated with these companies for many years, and it is our experience within this sector that puts us best placed to help you secure a car loan for your next vehicle.

Click Here to start your quick and safe online application.

(Poolfoot Motors Limited are authorised and regulated by the Financial Conduct Authority (FRN: 649146). We act as a credit broker not a lender and we work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers to over 18's only. Poolfoot Motors Limited will earn a commission from the finance provider (either a fixed fee or a percentage of the amount that you borrow), this does not affect the interest charged on the finance agreement, which is set by the lender (written quotations are available upon request). All finance is subject to status and income.)