Find and Finance Your New Car Today
Whether you want to own the car outright, need flexibility at the end of your agreement, or have a less-than-perfect credit history, we're here to help.
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ChooseMyCar operates as a credit broker, not a lender. We offer a variety of car finance options tailored to suit different needs, including popular choices like Hire Purchase (HP) and Personal Contract Purchase (PCP), as well as specialised services. Our mission is simple: to make car financing straightforward and accessible for everyone. Interest rates start from 9.9% APR. However, if you borrow £10,000 over 60 months with a REPRESENTATIVE APR of 19.9% and no deposit, the monthly payment would be approximately £262. The total cost would be £5,720, making the total amount payable £15,720.
PCP vs HP: Comparison Table
Finance Comparison |
PCP Personal Contract Purchase |
HP Hire Purchase |
---|---|---|
Learn the details | Get Quote | Get Quote |
Pricing | ||
Vehicle Price | £9,998 | £9,998 |
Deposit | £2000 | £0 |
Amount Borrowed | £7,998 | £9,998 |
Terms | ||
Duration of Agreement | 49 months | 48 months |
Annual Mileage Limit | 8,000 miles | |
Total Amount Payable | £12,888.89 | £13,098.24 |
Total Interest | £2,900.89 | £3,100.24 |
Optional Balloon Payment | £4,491.13 | |
Monthly Payment | £134.12 | £272.88 |
Personal Contract Purchase (PCP)
- Vehicle Price: £9,998
- Deposit: £2,000
- Amount Borrowed: £7,998
- Representative APR: 11.9%
- Duration of Agreement: 49 months
- Monthly Payments: £134.12
- Optional Final Balloon Payment: £4,491.13
- Total Amount Payable: £12,888.89
- Annual Mileage Limit: 8,000 miles
- Excess Mileage Charge: 14.9p per mile
How it Works:
- Deposit: £2,000 deposit upfront.
- Monthly Payments: 48 monthly payments of £134.12.
- Optional Final Payment: either pay £4,491.13 to own the car, return the car, or trade it in for a new vehicle.
- Total Cost: including the deposit, monthly payments, and optional final payment, is £12,888.89.
- Mileage: 8,000 miles per year. If you exceed this, you’ll pay 14.9p per extra mile.
Hire Purchase Example
- Vehicle Price: £9,998
- Deposit: £0
- Amount Borrowed (Amount of Credit): £9,998
- Representative APR: 14.9%
- Duration of Agreement: 48 months
- Monthly Payments: £272.88
- Total Amount Payable: £13,098.24
- Total Interest: £3,100.24
How it Works:
- Deposit: You pay £0 upfront, so the full amount of the vehicle is financed.
- Monthly Payments: 48 monthly payments of £272.88.
- Final Payment: you may need to pay a small option-to-purchase fee (e.g., £10.00) to own the car outright.
- Total Cost: including the monthly payments and option-to-purchase fee, is £13,098.24.
- Ownership: including the option-to-purchase fee, are made, the car becomes yours.
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Our Mission Is To Make It Easy
You’re In safe hands
We thoroughly vet with the Dealerships and Lenders we work with to ensure you’re in safe hands every step of the way.
All our Lenders are approved and authorised by the Financial Conduct Authority.
Help you save money
We perform car value checks on your behalf so you never pay over market value. Our team is focused on saving you money and we have a constant eye on the used car market to ensure you get the best deals.
Non Judgemental
Whether you want a pink Ferrari or a yellow Honda Civic, we don’t care as long as you get the car you want at the right price, and finance that’s affordable for you.
ChooseMyCar Team, 2023