• Finance

How it works:

When buying a new car, understanding car finance can be a mind-boggling experience if unfamiliar with the process. Although The Car Group has a dedicated team of finance experts waiting to help you with your enquiry, we have also broken down the jargon in simple plain English.

Once you have chosen your car and selected ‘Click to Reserve’.

Get a quoteApply onlineGet a decisionYour offer
Use our calculator to get a finance quote on your new car. Choose an HP or PCP plan to suit you.When you apply, we will require certain information from you like affordability and address history.After our panel of lenders assess your application, we’ll usually let you know within 24 hours if approved.To confirm your offer, you should contact us within 48hrs to ensure you get your car.


We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.


Understanding Finance:

Hire Purchase (HP) is ideal if you want to own the car after your finance payments are complete. It is the simplest method of car finance. After putting down a deposit, the remaining balance is divided equally over the duration of the loan.

Personal Contract Purchase (PCP) has a little more flexibility, since part of the cost is deferred until the end of the agreement. At the start of the contract, you will know what the deferred payment is and this is based on your annual ‘guaranteed minimum future value’ (GMFV). Your payments are then based on your deposit, annual mileage and the term.

With HP you can:

  • Put down a deposit
  • Pay monthly payments over a set period
  • Own your car at the end of the plan

With PCP you can:

  • Put down a deposit
  • Pay monthly payments over a set period
  • Have 3 options at the end of the term – Buy it, part-exchange it or hand the car back.Car finance that suits you
  • Choose your car
  • Use our calculator to spread the cost with monthly payments
  • Flexible plans to suit you
  • HP and PCP finance available from our trusted panel of lenders

Search cars now


Now that I have found a car, how do I apply for finance?
After you have found the car, you want online, click the Buy Now button, and follow the
simple steps to complete your purchase. You can include a part-exchange vehicle and decide
the right payment option for you. If you select the finance option, then you will be asked to
fill out the online application form and submit it. In most cases, we can give you a finance
decision between 15 and 30 minutes. However, in some circumstances it may take longer,
depending on your status and additional information required from the lender. Once
approved, you will be required to pay a refundable deposit within 24 hours of your
approval. Please note that you will need to call and speak to a transaction member of our
team to confirm the sale. After the confirmation, you will be required to sign your finance
documents before your car is delivered.

What is the difference between Personal Contract Purchase (PCP) and Hire Purchase and
We have created an easy-to-read guide for you with all the information required to help you
understand the difference between these two and to help you make the right choice. (insert
Finance vs Leasing).

When will I know if my application has been approved?
Typically, applications can take between 15 and 30 minutes to be approved, however
subject to your status, some application could take up to 48 hours to be approved.

What information will I need to provide for a finance application?
We will do the rest of the work for you, but we will require your:
Your Full Name
Address History
Driver’s License
Date of Birth
Employment Status