Finance : Car PCP

In order to obtain the best possible PCP* deal for your car in the current market you will need to get dealers to compete against each other in our reverse auction to win your business.

We would recommend initially obtaining the best car PCP offers you are able to obtain from your local dealer as well as using the links to the right of this page.

Once you feel you have shopped around to get the best car PCP deal, you should make a single application with that provider to confirm if indeed you are eligible for the offer.

Make sure you do not sign any agreements or pay any deposits at this stage. You should purely ask the provider to confirm if they are able to provide you with the finance.

If you have been accepted you will now be in the strongest position to get dealers to beat the best deal you have been able to obtain.

To do this simply select the car you require from our website (Step 1). You will be shown a cash price, this price may be lower than the one you have been offered or even more expensive. When you get to (Step 3) you can set your finance conditions. You do this by simply adding the best deal you have been offered in the “other comments box at the bottom of step 3” e.g:

PCP over 36 months (£329 monthly-inc VAT) with a £1,000 deposit based on 12,000 miles annually (no maintenance) at 8.9% APR. Guaranteed future value of £4,550.

It’s important to display all the information including:

Loan type (PCP)
Loan period (Months)
Monthly payment (£the best firm offer you have been quoted and accepted on finance)
The deposit amount (£)
The annual miles the contract is based on (miles)
If maintenance is included (not usually)
The APR the quote was based on (APR)
The guaranteed future value (the amount you can pay to keep the car if you decide to at the loan end)

What ever monthly payment you state will need to be beaten by a minimum of £500 over the loan term with all the other conditions being maintained.

In the above example of £329 monthly the target price dealers will need to come in at will therefore be £315.11 monthly with the period, deposit, miles, and guaranteed future value being maintained.

This will give you a guaranteed minimum saving of at least £151 once you have paid our fee of £340. We would hope to get you a much larger saving however you will only be committed to pay our fee if we beat your monthly payment by £500 over the loan period as in the example above.

*Finance is provided, subject to status, by our finance partners. We would recommend you confirm your finance eligibility prior to placing an order with us through equifax.co.uk or experian.co.uk. If you place an order with us for finance and you are rejected on finance our fee will not be refundable. To apply, you must be at least 18 years old and a UK resident (excluding the Channel Islands and the Isle of Man). If you exceed the agreed contract mileage, there will be an excess mileage charge which will not exceed 23p per mile. In addition, you will be liable to pay for any accidental damage to the vehicle or excess wear and tear, with regard to its age and mileage.