Car Finance
No Deposit Loans From £2,000 to £750,000
We offer the very best services in our field. We never settle for second best and always have your satisfaction as our top priority. It’s who we are and we are proud of it.
What Is Car Finance?
The Oxford definition of finance is 'provide funding for a person or enterprise'. That's what car finance is - funding for a person or enterprise to use in the purchase of a car.
Car finance helps to spread the cost of the purchase of a new or used car, instead of paying the amount in full upfront you pay monthly.
There are multiple ways to pay for a car on finance, these agreements are hire purchase (HP), lease purchase or personal contract purchase (PCP). Each of these products works a little differently, but essentially the finance company will buy the car on your behalf and you will repay the value of the car plus interest.
How Car Finance Works At Car Loans R Us
Apply Online
Applying is easy, it only takes minute.
We look to get you the best finance options to match your circumstances.
Choose A Vehicle
Choose any vehicle from any reputable dealer
For a HP agreement typically vehicles need to be no older than 10 years and be under 100,000 miles. Dealers must be FCA registered.
Collect Your Vehicle
Sign the documents and we'll liaise with the dealer to get your new vehicle ready for collection.
Apply now to get your no obligation quote with no impact on your credit score!
Car Finance Products
At Car Loans R Us, no matter what the circumstances we will endeavour to find the best possible outcome for you.
The most common form of car finance. A hire purchase agreement is a hiring agreement between the customer and finance company secured against the vehicle. the customer has the option to own the vehicle at the end of the agreement subject to payment of the 'option to purchase' fee.
Lease purchase is a form of conditional sale agreement, which means that regular payments are similar to a lease/rental agreement but you will own the vehicle at the end of the deal. You may be asked to pay a number of monthly payments at the start of your agreement and a sum is usually deferred to the end of the deal. The deferred sum will be determined by the age and mileage of the vehicle at the end of the agreement.
PCP is in essence a purchase agreement. However, a predicted minimum future value (balloon payment) is offset to the end of the agreement, this is called optional final payment (OFP). At the end of the term you have three options;
- Keep the vehicle after paying the optional final payment
- Hand the vehicle back to the finance company
- Part exchange for another vehicle.
PCP is subject to agreed mileage at the end of the term where excess charges may apply. Please ensure the mileage band meets your needs.
The Oxford definition of finance is 'provide funding for a person or enterprise'. That's what car finance is - funding for a person or enterprise, e.g. limited company, self-employed, the money is then used to purchase a car.
Car finance helps to spread the cost of the purchase of a new or used car, instead of paying the amount in full upfront you pay monthly.
There are multiple ways to pay for a car on finance, these agreements are hire purchase (HP), lease purchase or personal contract purchase (PCP). Each of these products works a little differently, but essentially the finance company will buy the car on your behalf and you will repay the value of the car plus interest.
You generally have to be over 18 to get car finance and must have an income, however, each lender has different criteria. As a finance broker at Car Loans R Us, we work with a wide range of lenders. Here's a general list of what our lenders accept.
Our lenders will also consider - provisional licence, EU licence, no licence, CCJS, and defaults.
A reputable dealer is a dealer that has a good reputation and is trustworthy.
This is something we hear a lot, so don’t despair! At Car Loans R Us, we understand that there can be lots of reasons for a poor credit profile. We combine a wide panel of 30+ lenders with a sensible approach to selecting the right car finance lender for your circumstances. This means that we may be able to approve you for car finance where others haven’t been able to.
We are here to help our customers get their credit history back on track and get behind the wheel of an affordable, reliable vehicle. We understand the difficulties life brings, that is why we look to provide options that offer affordable monthly payments to give you the customer the flexibility to work within your budget.
Your poor credit history could be the result of CCJs, mortgage defaults, IVAs or bills that have been paid late. It could be that you’re self-employed, with no proof of income, or that you simply haven’t built up a credit history yet.
Whatever the reason, we look at every case individually, without judgement – we aim to always find you the most suitable car loan for your circumstances at a great rate. So even if you have been refused credit in the past, get in touch as we may have a lender that could help you get your next car.
Car Loans R Us is a Trading style of Tangerine Media Limited.
Tangerine Media Limited is registered in England and Wales under company number: 12247975. Registered office address: 4 Douro Terrace, Sunderland, Tyne & Wear, United Kingdom, SR2 7DX
Tangerine Media Limited Company (FRN - 958668) is an Appointed Representative of Future Car Credit Limited. Future Car Credit Limited is authorised and regulated by the Financial Conduct Authority (FRN 673990). We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). 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), this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers.
Tangerine Media Limited Ltd are registered with the Information Commissioners Office under registration number: ZB127788
The Financial Ombudsman Service (FOS) is an agency for arbitrating unresolved complaints between regulated firms and their clients. Full details can be found at www.financial-ombudsman.org.uk
Call Us: 0191 716 26 56
