Finance Overview

A concierge service for all Drivenfi Customers.

 

Finance Overview

Car Finance gives you the flexibility to pay for your new car, or refinance your current car in a variety of ways. There are different options to suit your budget and needs.

In a nutshell, you’ll be borrowing the money from our lender to cover the cost of the car purchase, and then over an agreed period of monthly installments. You will pay our lender back the amount borrowed, plus some interest and any final fees according to your agreement.

Car finance tailored to you

How does it work?

We offer simple but effective ways to finance either a single or multiple vehicles. We will ensure you receive the correct and accurate advice to establish a competitive and suitable finance facility. Easy to understand and always supported by an experienced and credible adviser, our staff are extensively trained and hold the most recent accreditation. They will support you through the whole car buying process to ensure clarity and a seamless transaction. The team is always on hand and ready to discuss your individual  needs.

What you will need:

You’ll need to present us with information such as identity documents, so your finance application can be assessed.
  • Your personal details: Full name, date of birth, address history
  • Employment details and history
  • Bank details of the account you will pay from
  • Some mandatory identification documents: A full UK Driver’s licence, proof of address, and proof of income.

Finance to suit you

Compare Your Options

Check out our available products, to see which suits you best.

Hire Purchase (HP)

Hire Purchase is a finance product used to purchase a car that allows you to repay the finance over a defined period of time. Usually, you pay an initial deposit followed by fixed regular monthly payments which reduce and pay off the balance. The finance is secured against the car and the interest rate charged is fixed for the term, you will not fully own the car until the last payment has cleared.

PCP

Personal contract purchase (PCP) is a flexible car financing option that can offer lower monthly payments than a personal loan or hire purchase (HP) car finance agreement. It’s a loan to help you buy the car you want. But it differs from a normal personal loan because you don’t have to pay off the full value of the car which means it could be a good option for you if you like to change your car more regularly.

Lease Purchase (LP)

This facility is an extension of the hire purchase agreement but with an offset payment due at the end of the term. Once again available to private individuals or a business, deferring an element of the finance (balloon payment) until the end reflects in a reduced monthly payment. This facility works well when a vehicle has a potentially strong residual value. Available from 24 to 48 months.