Group News - March 2023

What is Car Finance & How Does It Work?

What is Car Finance & How Does It Work?
10Posted: 10th Mar 2023

Car finance is a way of funding your next new or used car. It’s a top-level term and covers a few main types of finance, including Personal Contract Purchase (PCP), Hire Purchase (HP) and Personal Contract Hire (PCH). It gets you behind the wheel of your desired vehicle without paying the full cost upfront. Even if you can afford to buy a car outright, car finance allows you to spread the cost from anywhere between two to five years with added interest. The type of car finance you choose depends on your needs. We’ve compiled this comprehensive guide to explain car finance and ...

Can I change my car on PCP early?
6Posted: 6th Mar 2023

Can I change my car on PCP early?

PCP car deals are designed to last the full term, much like other types of car finance. But there are ways that you can change your car on PCP early. Waiting until the end of your agreement is your best bet but there are often ways you can get out of your PCP agreement early whilst not having to pay additional fees. So whether your needs have changed, you want a newer model or you’ve realised your car i...

Motability New Vehicle Payment updated to £750!
1Posted: 1st Mar 2023

Motability New Vehicle Payment updated to £750!

The Motability New Vehicle Payment is now £750. This is an increase of £500 from £250 last year. The New Vehicle Payment aims to support claimants with the cost of running their new lease. Whether you’re new to the scheme or you’re renewing your lease, you’ll be able to enjoy the full £750. Read on below to discover how the New Vehicle Payment works, who...


If you have a query relating to Discretionary Commission Agreements please email However, please note that if your query related to a purchase more that 7 years ago we will no longer hold any details due to our data retention policy.

Representative Finance Example
APR Representative 13.9%
Cash Price £5,995
Deposit £0
1st Monthly Payment £136.55
58 Monthly Payment £136.55
Final Monthly Payment £146.55
Amount of Credit £5,995
Total Amount Payable £8,203.00
Total Charge for Credit £2,198
Duration 60 Months

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