Financing Your Vehicle?
Incentive Cars Limited are experts in providing finance to customers across the UK. We act as a credit broker and not a lender and work with leading providers, such as Blue Motor Finance, Close Brothers Finance, First Response finance, MotoNovo Finance and other leading lenders where we are able to look at personalised finance options depending on your current personal and financial circumstances. This enables you to confidently finance your new car at a price to suit your monthly budget.
We may receive a fixed fee or a percentage of commission based on the lender that we use.
Whilst hire purchase is the most popular form of finance, our finance providers also offer products, such as a rate for risk agreement, PCP (personal contract purchase) and lease purchase with a balloon payment at the end of the agreement. Please let us know if you would like details on how these work.
We can also help if you have a poor credit score or an adverse credit history.
Our providers also offer negative equity loans, so if your current car has a lower value than the finance outstanding on it, we can help. So please let us know your situation and we will do the work you.
And this isn’t our customers only option as they can also look to seek finance elsewhere if they wish.
Hire Purchase
Hire Purchase (HP) is the traditional way to finance a car. HP is very similar to borrowing a sum of money from a bank and paying it back over a fixed period of time, with interest.
Hire Purchase is a type of secured loan, which are often preferred over unsecured loans because they allow a greater borrowing limit. The term "secured loan" means a loan that the lender can secure against an asset, in this case, a car.
The Benefits Of Hire Purchase
1. Simplicity - You decide the deposit and term to suit your personal needs. The rate we quote is the rate you get, meaning a fixed monthly payment making your monthly budgeting simple.
2. Convenience -We can arrange the finance on-site within the hour and we require minimal information.
3. All you need is your driving licence.
4. Reassurance - Borrowing your money through us means you know exactly what you are paying for your new car.
Finance is subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantees / indemnities may be required. Acceptance & Option fees that may apply can vary from time to time and from lender to lender, fees may already be accounted for within the payments displayed. We work with a number of carefully selected credit providers who may be able to offer you finance on your purchase.
Complaints procedure | Initial disclosure document | Vulnerable customer policy