Frequently asked questions

How long does the finance process take?

Whilst we have transacted a deal from start to finish within less than 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.

Can I save my quote for later?

Our finance calculator uses cookies to remember your last finance calculation, so yes. You can also email the estimate to yourself using the email icon in our calculator. Please remember that these are finance examples not quotations – please contact our finance team for a quotation.

I can’t get an online quote – why not?

There are a number of reasons for this, and it’s usually related to the residual value. If a car is too old, then our database can’t provide a residual value and our finance calculator can’t do the numbers. Sometimes if a car is really new then the residual values aren’t available. Sometimes we just can’t access the data. If you can’t get a quote from our online calculator give us a call and one of our team will be able to give you a quote.

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.

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.

Dealer finance – should I take that?

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.

What is a settlement figure?

An early settlement figure is the amount still owed, plus interest and charges if you want to pay off your car finance early. Our settlement figure calculator does not include any additional penalty charges that may be incurred. For regulated agreements, this is normally an exit fee equal to around just 58 days interest charge.

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.

Can’t find the information you’re looking for?
Our concierge team are always happy to answer any questions.

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The Ultimate Guide

From Hire Purchase to APR, our ultimate guide to car finance covers in detail all the questions surrounding car finance, and how to get the best deal for you.

Magnitude Finance’s parent company, the DSG Group, has been operating in the car finance arena for over 30 years, helping hundreds of thousands of people to buy their next car. According to the Finance & Leasing Association (FLA), consumers purchased 2,347,245 cars on finance from dealerships in 2017, so why are so many buyers still confused by car finance? It’s not entirely surprising given the number of finance options available and the quality of advice being offered, so we jumped at the chance to make this podcast on car finance with a car buyer (Sam of Seen Through Glass), a dealer (Tony of Gravelwood Car Sales) and our very own car finance expert Tim Marlow.