Obtain finance for your dream car with our help!

Representative APR 10.9%

Here at Reynolds Motor Group, we are all about helping to bring that car you've long yearned for, into your financial reach. And if there's one way you can definitely do that, it's by seeking out - and obtaining - the most suitable car finance deal.

The following questions take less than 2 minutes

Frequently asked questions about car finance

What is car finance?

Car finance is a form of loan agreement that could enable you to get behind the wheel of your dream car immediately, without the need to pay the vehicle's complete upfront cost straight away. Instead, you agree to pay a certain monthly amount until the vehicle price - plus interest - has been entirely paid off.

It's common these days for people desiring a new or used car - at any price point - to take out a car finance deal to help make their dream possible. Please note that if you do agree to such a deal, it will be your car finance provider that effectively buys the car on your behalf; the vehicle will therefore not be legally yours until you have repaid the entire cost of the car.

What types of car finance are available?

Various types of car finance can be obtained to suit a range of personal circumstances. These different forms of car finance work slightly differently, so it is important to appreciate the key differences between the most popular types, which include:

• Hire purchase or "HP" car finance is likely to be the best choice of car finance if owning your car is particularly important to you. HP car finance largely resembles a traditional finance model, whereby you pay a regular monthly amount over a fixed term to repay your finance balance. One of the great benefits of a HP arrangement is that there won't be any optional final payment to make; you also won't be capped by annual mileage limits.
• Personal contract purchase, or "PCP" car finance is another frequently sought-after car finance product, largely on account of the flexible terms and deposit amounts it makes possible. This is a form of car finance that really does "put you in the driving seat", and could enable you to get behind the wheel of a vehicle of a higher specification than you would have ordinarily been able to afford. This is because part of the finance balance is reserved for the end of the finance term, in the form of an optional final payment. You can choose to pay this final amount to buy the car for good, or you can decline, and return the car to us.

While PCP monthly payments tend to be lower than those on a HP deal, it is important to appreciate that the overall cost of a PCP arrangement might be higher for you.

This is because, on a PCP agreement, a large amount of the total amount payable will be left to the end of the agreement. You also pay interest on the car's value at the end of the term, which is a further factor that could make PCP more expensive overall.

How do we help you obtain car finance?

As we offer car finance as a broker rather than a lender, we can draw upon our broad panel of respected lenders and brokers - including the likes of Mann Island, Marsh Finance, Oodle, and many more - to help ensure you can obtain the right finance deal for your needs.

We can offer £0 deposit options, as well as help settle any existing finance you have if you are interested in part-exchanging your existing vehicle. All applications that we receive will be considered, which further helps ensure car finance is possible for everyone, whatever their circumstances may be.

So, what are you waiting for? If you are in the market for car finance, please feel free to apply through us for a competitive quote.

Important information

Reynolds Motor Group LTD is authorised and regulated by the Financial Conduct Authority, FRN: all finance is subject to status and income. Written quotation on request. 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. We are only able to offer finance products from these providers. Finance rates available from 6.9% APR.

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