Blue Motor Finance has become one of the UK’s leading Fintech companies, lending over £2bn to more than 210,000 customers. Remarkable growth has led to us being ranked 1st in the Financial Times FT1000 Europe’s Fastest Growing Companies (March 2019).
They provide us with the best-in-class service with a relentless focus on technological innovation, risk management, and the highest regulatory compliance standards. They are one of the market’s most flexible and advanced direct lenders, offering competitive finance packages, quick decisions, and reduced administration time coupled with their innovative customer proposition.
Looking for used car finance?
Apply today at 02380 697200, and we promise to get you the best finance deals available by working hard to obtain the most competitive rates relative to your circumstances.
Different options for VEHICLE FINANCE
This is the most common type of car finance and very simply means that you make monthly repayments and usually an admin or purchase fee at the end. Your car loan is secured against the car, which is owned by the lender. While paying, you effectively hire the car from the lender, and once all payments have been made, the vehicle becomes yours.
Personal Contract Purchase (PCP)
Personal Contract Purchase is similar to a Hire Purchase, except that you have the option to buy the vehicle at the end of the loan or hand the vehicle back. If you decide to buy, you pay a balloon payment for the balance of the vehicle’s value. The value is fixed at the start of the agreement – the Guaranteed Future Value – so that you know and can budget for the balloon payment before you commit.
It is excellent for people who want lower monthly repayments and require flexibility and options at the end of the agreement.
A conditional sale is similar to a Hire Purchase except that you don’t have to pay a fee at the end of the agreement. Just monthly repayments until the loan are complete. You have possession and use of the vehicle during this period, but it continues to belong to the lender until you have made the final repayment, upon which the vehicle belongs to you. Great for people: Who would rather pay a bit more, spread the fixed repayments, and avoid a large payment at the end, Who wants a choice of length of payment terms
All finance is subject to status.
We also have an excellent relationship with Zuto and Car Finance.