Frequently Asked Questions
Is the APR on your finance calculator the best you can do?
Easily our most frequent question!
Our finance calculator is designed to give figures that cover a broad spectrum of customers, cars and credit profiles – what is often referred to as a Representative Example – but it cannot take into consideration your personal circumstances. We are often able to find a better deal for our customers. Please contact our finance team for a tailored quotation.
What if I can't get an online quote?
Sometimes a car is simply too old – or too new – for our finance calculator to supply figures. The good news is that our finance team will still be able to provide a quote on the telephone.
Whilst our aim is to facilitate as many options as possible online, we do have situations where we have to manually review a client’s options and are happy to provide a bespoke option.
How long does the finance process take?
Whilst we have transacted a deal from start to finish within 24 hours, we find most clients have a few days to sort the finance and arrange the monies to be released. We can work as quickly as required and use technology to assist where possible.
Why not use the dealers finance?
Magnitude will always give you ‘best advice’ we normally recommend getting a quote from the dealer and if this is more suitable we will confirm that. However, from experience we know that having a panel of funders and hundreds of options we normally have a better solution available.
Do you carry out a credit search?
Yes. Magnitude Finance do a quotation search in advance of submitting to any of our lenders. This is something that only you can see on your credit search. Once we then formally propose the finance house will do a full credit reference search at that time.
I have bad credit - can you still help?
We like to look at all proposals individually. Some instances are not as bad as clients often suspect so we help guide where we can, and if an option is available we will discuss that in every circumstance to get the best possible deal for our clients.