Financing Your Next Car

We want to make your car buying journey as straightforward as possible. That's why, at Peoples Ford, we offer a range of options to allow you to finance your dream car.

• Firstly, you need to find your dream car. We have a range of new and pre-loved cars in stock so there is plenty for you to choose from.
• You can then use our finance calculators to work how much the car will cost you and if it is affordable.
• When you find a deal that works for you, you can proceed with your finance application through our website.
• Please take the time to read and understand our Terms and Conditions. Your online finance application may include a hard credit check. If you have any questions about finance or your application, you can contact us using the below form.
• Once you have completed your application, we will be in touch with you to discuss further.

A Personal Contract Purchase is usually broken up into 3 sections. The first is a deposit. This is then followed by a series of fixed monthly instalments before you have the option to make a final payment (sometimes called a balloon payment) at the end in order to keep the vehicle. Consumers have the choice of returning the car, paying the final payment (which is dependent on resale value) or putting that resale value towards a new vehicle.

This option is generally better for people who like to change their car regularly.​

Hire Purchase is a plan where you usually pay a deposit, and then pay off the total vehicle value in monthly instalments. Once you have made your last payment, the vehicle is yours.

This option is generally better for somebody who wants to own the vehicle at the end of the agreement and can afford to pay more per month. If you don't have a high credit score, a hire purchase agreement may be easier to obtain as the car is used as collateral for the loan.​​

FAQs

Will I be approved for finance?

Multiple factors contribute to whether you will be approved for finance or not. The main factor is having a good enough credit score. If you have any concerns, please contact us using the below form.

I have a bad credit score - can I still get finance?

You may still be able to get finance even if you have a bad credit score. However, the value of car you're able to buy may be lower than if you have a good or excellent credit score.

What is APR?

APR (Annual Percentage Rate) is a rate officially used to help you understand the cost of borrowing. The interest rate and any additional charges are factored into the APR rate. Before you sign any credit agreement, all lenders must tell you what the APR is for the deal you're applying for.

What is the difference between a soft and hard credit check?

A soft credit check is an initial look at certain information on your credit report. Companies perform soft searches to decide how successful your application would be without conducting a full examination of your credit history.

A hard credit check happens when a company makes a complete search of your credit report. Each hard check is recorded on your report, so any company searching it will be able to see that you’ve applied for credit.

We're here for you

We have trained finance specialists within all of our dealerships who pride themselves in offering outstanding customer service and assisting customers in finding the right funding solution to suit their pocket and individual circumstances. With clear agreements and competitive finance packages available to suit your needs, we're confident we can help you get something special on your driveway.

Finding the right purchasing agreement is as important as selecting the right vehicle.

Need a Hand? We’re Ready to Help, 7 Days a Week

Our team are available at both your local Peoples Ford dealership or across our digital platforms, including Live Chat. You can find out more about the finance products we offer, or speak directly to the team by filling the below. Our team will then contact you directly to help answer any questions you have.