Car finance advice
Car finance advice and help. These articles should help you understand car finance better and explain the most popular types such as PCP finance, hire purchase and others.
Latest articles
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0% car finance deals 2024 | Best interest free cars (0% APR)Check out the best new car deals, and you’ll notice that many of them share similar hallmarks, such as 0% APR finance offers. These 0% car finance deals are a...
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Martin Lewis action leads to 1.2 million claims for car finance refundsIn response to the Financial Conduct Authority’s (FCA) investigation into rejected complaints over high car finance interest rates, Martin Lewis has confirmed more than 1.2 million are seeking compensation. The FCA’s...
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Car finance or cash: which is best?Choosing your next new car can be an arduous task. What type to get? Is it time to go electric? Will the badge make the neighbours jealous? Shall I use...
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Car finance or bank loan: which is best for you?Choosing between a car finance scheme and a good old-fashioned bank loan is a common dilemma among modern car buyers. It’s an important decision to get right, because picking the...
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Car scrappage schemes: who, where and how in 2024If you’re looking to trade your old banger in for a present-day machine via a new car deal, you might qualify for one of the current car scrappage schemes. Good...
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Car finance: what is voluntary termination?Reading through the terms and conditions of a new car deal can generate a lot of questions. And, to avoid issues, it’s important to get the answers to each. Particularly,...
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How to spot the best PCP car finance dealsYou’ve probably seen lots of tempting finance deals if you’re browsing websites or dealerships for a new car. However, many don’t actually represent good value for money. This is why...
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How to find cheap car financeIf you’re shopping for a new car, you’ll be bombarded with an array of tempting car finance options. Some offers will be better than, however, so it’s important to know...
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‘Seamless’ Nissan subscription service explainedNissan has become the latest car manufacturer to offer an all-in-one car payment solution. Nissan’s subscription service will allow consumers to pay for the cost of a car, insurance for...
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Electric car subscriptions explainedSubscriptions are a fairly easy concept to grasp and offer a viable alternative to car ownership. But an electric car subscription has one delicious element added to it. If you’re unsure...
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How does PCP work at the end of term?We bet if you’ve come to us via Google, your Personal Contract Purchase (PCP) deal is nearing the end of your agreement and you’ve found yourself asking ‘how does PCP...
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Jaguar and Land Rover subscription service explainedJaguar Land Rover’s Pivotal service is among a slew of subscription services being offered by car manufacturers aiming to entice drivers who want something more flexible than PCP or leasing. Pivotal...
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What is Personal Contract Purchase car finance? | PCP explainedPersonal contract purchase (PCP) finance agreements allow car buyers to spread the cost of a car across a deposit, monthly payments and an optional final payment. Typically a PCP finance agreement...
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Can I modify my car on a PCP finance agreement?Whether it’s fitting a new stereo, attaching a tow bar, or fitting a new exhaust, modifications are a popular way of personalising your car. But, if it’s financed, and before...
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What is an Advance Payment Plan?If you’re planning on financing your next car but don’t like the idea of having to make payments every month, an Advance Payment Plan (APP) could be for you. Like most...
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Just Add Fuel explained plus dealsMajor motoring costs have a habit of creeping up on you. Just Add Fuel aims to cut down on the stress by bundling nearly everything into one monthly payment. Packaging all...
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HP or PCP - which type of car finance is best for me?Car finance can be baffling at times. Even remembering the initialisms PCP (Personal Contract Purchase) and HP (Hire Purchase) can seem like an arduous task when confronted with a slick...
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The guide to used car financeUsed car finance is big business. According to the Finance and Leasing Association the used car retail sector was 10% larger in 2021 than it was in 2020. Why is used...
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Bad credit car finance | Can I get a car loan with poor credit?Getting car finance with bad credit can be tricky. Whether you’re choosing a PCP (Personal Contract Purchase), HP (Hire Purchase) or PCH (Personal Contract Hire) agreement your lender will perform a credit check to look at...
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Genesis Flexibility subscriptionGenesis is a relatively new brand to the British car market, but so far it’s been dazzling people with its sharp designs and techy interiors. And now people in the UK...
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More about car finance
Car finance is a complicated business - and there's where Parkers comes in. We're here to explain how PCPs work, what hire purchase is and how to get the best deal on your next new car.
We have articles and videos to make sense of the alphabet soup of car finance, helping you choose the best deal at a monthly price that suits your budget.
Further advice and help
Don't forget to check out these sections if you need more help: