Car finance, explained clearly
If you would like to spread the cost of your car with finance, here is how it works with us, what to expect, and where to apply.
Finance is subject to status and available on cars priced over £3,000. Cars at £3,000 and under are not eligible. We act as a credit broker, not a lender. Applications are assessed individually by the lender, and terms depend on your circumstances and the lender's criteria. Over 18s and UK residents only.
How it works
- Choose a carBrowse our stock and open the full advert, which shows the finance options for that car.
- ApplyStart an application through our main website, or ask us to help you with it in the showroom.
- The lender decidesWe pass your application to a lender on our panel. They assess it and, if they can offer finance, set out the terms.
- Read, then signYou will receive the pre-contract information and the agreement to read before you sign anything.
Types of finance
Hire purchase (HP) — a deposit followed by fixed monthly payments. When the final payment is made the car is yours.
Personal contract purchase (PCP) — lower monthly payments with an optional final payment to own the car. Availability depends on the car and the lender.
Not sure which suits you? Read our plain-English guide to buying a used car on finance.
Representative example
Representative Example for Hire Purchase (HP): Cash price £6,800.00, Annual Interest Rate (fixed) 5.7% p.a., with a representative 10.9% APR, total amount of credit £5,800.00, deposit of £1,000.00, an initial payment of £124.56, followed by 58 monthly payments of £124.56 with a final payment of £134.56, total amount payable is £8,483.60
Finance questions
If your question is not answered here, call us — we are happy to explain.
Do you offer car finance?
Finance is available on cars priced over £3,000, subject to status. Cars at £3,000 and under are not eligible for finance. We act as a credit broker, not a lender, and work with a number of carefully selected lenders. Applications are assessed individually and terms depend on your circumstances and the lender's criteria. Over 18s, UK residents only.
Can I apply if I have had credit problems?
You are welcome to apply. Each application is assessed individually by the lender, and we cannot promise approval — but we will explain the options available to you honestly.
Will applying affect my credit score?
Ask us before you apply and we will explain the type of search involved at each stage. A lender may carry out a full credit search before making a final decision.
Do you receive commission?
We may receive a commission or other payment from the lender for introducing you. Our status disclosure on northwestcar.group explains how this works — ask us if you would like more detail.
MT RETAIL UK LIMITED trading as NORTHWEST CAR GROUP is authorised and regulated by the Financial Conduct Authority, FRN: 954552. 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.
Read our status disclosure for how we work with lenders and how we may be paid.