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Finance Products

Finance Products

WE ARE A CREDIT BROKER, NOT A LENDER
B Certified Car Finance Awards

At Magnitude Finance, we have over 35 years of experience in offering a wide range of car finance products. We are proud to have assisted thousands of people to get behind the wheel of their perfect car.

Alongside an unparalleled level of service and a concierge team armed with expert knowledge – plus a keen eye for the best deals – we have access to a large panel of lenders across the finance market. This lets us create a bespoke car finance package with flexible funding to suit your exact requirements, with some of the best and most competitive finance rates on the market. Buying a vehicle is an important and rewarding experience, which is why we’re committed to finding the right finance company for you.

We’re tried, tested, and trusted. That’s why our customer rating is 5/5 on Trustpilot.

With a broad range of attractive finance options and agreements to choose from, Magnitude’s concierge team is on hand to pass you the keys to your dream car. As well as experts in vehicle finance, we’re a group of passionate motorists, with insider know-how that can tailor a finance package to suit you. We have a wealth of industry experience that makes us one of the most prevalent voices in finance solutions.

Whether you are navigating the finance process for the first time or are looking to secure a finance quote for your next vehicle we are here to help. With our Car Finance Academy, you can learn how to get the best out of your new or current car finance package from our expert team, covering topics such as tax, equity, model-specific issues, and classic car finance.

For the latest news and opinions from the car finance sector and the automotive world at large, check out our buyer’s guides, reviews, and customer driving insights here.

Toyota GR Yaris finance

Built On Trust

We cultivate long-standing partnerships with first-time clients while continuing to grow successful relationships with existing customers, helping them create customised car finance packages that work for their precise requirements. Magnitude Finance has a proven track record in securing flexible finance options for a range of clients, including YouTuber Sam Fane of Seen Through Glass, who has financed many of his cars over the years with us.

Speak to a member of our team of car finance specialists today via phone, live chat or WhatsApp!

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What Types Of Car Finance Do Magnitude Finance Provide?

Whatever make or model you’re looking for, Magnitude Finance provides a wide range of finance options to ensure that you receive the best possible service – and price – for your vehicle. We aim to make the whole process simple, straightforward, and stress-free so that you can enjoy the feel and experience of your new purchase without worry. Our friendly and knowledgeable concierge team will guide you through every step of the way, ensuring that you get the right advice and support whenever you need it.

Magnitude Finance are one of the best-established specialist car finance brokers on the market – with access to a large panel of lenders. When you have your eye on your next vehicle but don’t have the monthly budget available at the time, or would rather keep that cash in the bank and explore other options, our range of car finance solutions – from PCP and Hire Purchase to a bespoke finance package – can secure your next investment.

As finance brokers, we connect you with an exclusive panel of lenders through our specialist network – the majority of which do not work with members of the public or general clients. Thanks to our winning combination of expert knowledge and unbeatable personalised service, we can offer you multiple products at once in comparison to a direct lender, giving you accurate finance solutions at better rates.

As independent car finance brokers, our first-class, person-led service allows you to centre your attention on what matters, while we source the most competitive deal.

If you’re keen to find out more about our finance packages, enter your details and get a no-obligation quote today by using our quick, easy and accurate car finance calculator.

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BMW iX

Personal Contract Purchase (PCP) Car Finance

If you’re looking for a car finance option at a lower fixed monthly rate than a traditional Hire Purchase, then a PCP – or Personal Contract Purchase – could be exactly what you’re after. PCP is one of the most popular and effective car finance products on the market – especially for clients looking to switch up their car on a regular basis.

PCP finance is often built upon a Hire Purchase finance agreement, which lets you pay for your vehicle over a set period of time – usually two to five years. Starting with a flexible deposit of 10% to 20%, fixed monthly payments are delivered over the course of a fixed term such as 36 to 48 months. At the end of this term, you’ll have three options: return the car with nothing further to pay, pay off the outstanding car price, (AKA Guaranteed Minimum Future Value) and keep the vehicle, or part exchange to use any outstanding equity against your next purchase.

But it is also important to note that, with a PCP agreement, monthly payments are based on the total amount you plan to borrow minus the total cost of the GMFV.

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Hire Purchase Car Finance

A Hire Purchase agreement gives you the power to pay off your vehicle over a fixed period without using a personal loan – with the vehicle being yours once that final monthly payment has been boxed off.

This is a fantastic solution for those looking to get – and keep – the keys to their dream car at the end of the agreement.

From a flexible 10%-40% deposit taken at the start of your plan with a custom agreement length based around your current financial circumstances, a Hire Purchase financing contract with Magnitude ensures that you get a deal that not only works for you, but with you.

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PCP Finance
Hire Purchase

Hire Purchase + Balloon Car Finance

Opting for a Hire Purchase agreement with a Balloon payment marries together the benefits of PCP and HP – making it a great choice for clients looking to invest in classic cars or other collectable models with a reputable residual value.

Choosing HP + Balloon allows clients to enjoy reduced payments on a month-by-month basis, with no age limit on the classic vehicle or car at the end of the agreement – a condition that can be found on PCP packages. Starting off with a flexible deposit of between 10% and 30%, you can then proceed to pay for your car over 36 to 48 months until the end of the agreement, at which time you have a number of options – one of which is to make a final payment, and keep the car.

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Balanced Payments Car Finance

For the savvy investor and discerning collector, a Balanced Payment Plan can offer an ultra-competitive interest rate.

In the same vein as our other finance packages, such as a Hire Purchase Plan, repayments are fixed and are made on a monthly basis. But this plan’s flexible nature, low deposit, and numerous tax benefits for our business clientele make it an attractive choice for those looking to invest while being mindful of their cash reserves – perfect for the collector who wants to keep the car at the end of their agreement.

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What types of cars can we structure finance deals for?

At Magnitude Finance, we offer specialist lending solutions across a wide range of supercar, classic and top-range marque cars. As a group of people who appreciate the thrill and feeling of owning a vehicle, we love to help our clients find the perfect fit for their financing needs.

As an independent finance broker, we offer a first-class concierge approach to bespoke funding. Working on behalf of some of the biggest names in sports, business, media, and beyond, we know that your time is incredibly important – which is why our attention to detail and trusted relationships with a panel of reputable lenders cut the stress out of securing the best funding packages for vehicles.

Should you require an alternative finance quotation from our team, the easiest way is to get in touch for a friendly, no-obligation chat to discuss your individual needs and goals.

As Magnitude Finance obtains funding options from a dedicated panel of lenders – who have worked extensively with those in the entrepreneurial or esteemed market – we usually finance cars over £25,000.

With a team of financial experts, when it comes to refinancing your current vehicle, we can help you get the best offer. Whether you are looking to get the most out of your car investment by releasing equity or need to alter a deal with an upcoming balloon payment, our advisors can research, arrange and complete your next refinancing deal.

Get in touch with our concierge team today by calling 01943 660703, or via our Live Chat and WhatsApp facilities to shift your car finance into a higher gear.

We’re proud to be independent.

This status, combined with access to a variety of different lenders across the UK – including exclusive access to banks and other finance solutions usually off-limits to members of the public – allows us to give our clients an unbeatable funding product. Our experts in vehicle finance understand that it takes time for people to make the right choice when it comes to considering vehicles – it’s a sign of true passion.

From the moment our clients get in touch with us, we put them in the driver’s seat. 

That’s why you’ll never be faced with automated responses or email chains – just straightforward, open advice that allows us to secure impressive deals for our customers. We work with a number of partners and lenders that elevate our output, pairing first-class service with a personal touch alongside exclusive offers for your car purchase. When it comes to some of the lowest rate finance options available for vehicles on the market, there’s a reason we are the first port of call for some of the biggest names across the motoring world and beyond.

As part of the renowned DSG group – a collection of brands and investments specialising in compliant tech delivery – our expertise and experience place us heads and shoulders above the rest.

We are proud to say that England footballers use Magnitude Finance, with 13 out of the 23-player Premiership squad appearing at the World Cup marked as happy clients. Our services take care of players, athletes, management professionals, and officers on multiple levels from across the globe, working with trusted car suppliers to give them tailored, trusted advice again and again.

Our solutions have helped position Magnitude Finance as one of the go-to finance services for many of the UK’s leading automotive lifestyle YouTube channels, helping them get the keys to the cars of their dreams.

To see our concierge team in action and get the latest news and industry insights from the world of motoring, follow us on our social media channels.

Get in touch with our expert concierge team today to find the best car finance solution for your vehicle.

We’re all about creating and cultivating relationships. After all, some things are better together. That’s why our cohesive approach and knowledge base allow us to give the organisations and individuals we work with the best possible advice and deals available on the market, alongside borrowing strategies that make dreams a reality.  To see our concierge team in action and get the latest news and industry insights from the world of prestige motoring, follow us on our social media channels.

FAQs

  • At Magnitude Finance, we specialise in helping our clients purchase the vehicles of their dreams by securing money from an established panel of lenders. Some aspects between leasing and financing can seem very similar – but it’s important to remember which one is which while you search for the best solution for your individual needs.

    Car finance is different from traditional car leasing, which works in the same way as renting a car for a long-term period of time. During the lease agreement, predetermined amounts are paid back to the lender on a monthly basis – similarly to a number of car finance packages – but in this case, the vehicle is returned to the finance provider at the end of the lease period. Because of its ‘rental’ nature, you cannot make any modifications or cosmetic changes to the car outside of repairs as you may be charged.

    With our finance packages, at the end of the agreement you own the vehicle, unless you choose to return it to the lender or part exchange it ahead of your next exciting investment. In the case of a Hire Purchase agreement, for example, it is imperative that clients remember that until the final payment is cleared the car is not theirs – as it still belongs to the financing company. 

    We work hard to secure the best deals for you as quickly as possible, combing through offers and negotiating rests to make sure we secure the most effective financing solution for your needs. Often it takes a few days for us to arrange the release of money and do a complete check, sorting paperwork and details on behalf of our clients – creating a bespoke package that goes above and beyond.  

  • Depending on the type of prestige car finance you take out with us, you will have a selection of options available to you. Once your agreement period is up, you can choose to part ways with your prestige vehicle and return it to the lender, or opt to pay off the outstanding balance and get the keys – and ownership – to your car. If you agree to take out a Hire Purchase Agreement with a balloon, for example, you can also choose to refinance the balloon amount for another term or simply sell the car to pay off the figure yourself, which allows you to keep whatever equity remains. 

    Whatever your choice, our concierge team is on hand to assist you, whether you are at the beginning, middle or end of your finance journey with us.

    Get in touch with us today to find out how our expert insights can help you get behind the wheel of your dream luxury car.

  • If you already have a car settlement in place with another lender, you can use our Car Finance Settlement Calculator to help you understand the outstanding balance of any loan and help you determine an early settlement figure. Our calculator uses the actuarial method, as required by the Consumer Credit (Early Settlement) Regulations 2004 in the UK, to reach an accurate figure based on the numbers it is supplied with – assuming that all your payments have been made on time and is regulated by the Consumer Credit Act. 

    This number is the amount still outstanding through the duration of the agreement period, plus any charges and additional interest that may be incurred if you wish to pay the sum of your car finance early. For regulated agreements – which excludes Balanced Payments – the penalty is usually an exit fee equal to 58 days interest charge. For non-regulated agreements, there may be further penalties if you wish to settle early.

    You can read more about Exit Fees and how to spot them from our experts at Magnitude Finance’s Car Finance Academy.

    Using any of our intuitive financing calculators is straightforward. All you have to do is enter your original loan amount, the length of your agreement, the number of payments that are set to be made plus the amounts of your initial, monthly and final payments. From there, we give you three magic numbers: the outstanding settlement, the total you’ve paid so far and your APR (Annual Percentage Rate) for good measure. Crunching numbers has never been so easy. 

    However, it’s important to note that when it comes to the APR, our calculator cannot take into account your specific circumstances. As it is used by a wide range of clientele from a variety of industries and credit profiles, we simply cannot tailor rates for each one. For a tailored quote, it is best to contact our concierge team directly to discuss your needs.

    But if you are already a client of ours and have taken out a financing plan with us, getting in touch with a member of our dedicated team is the easiest way to get an accurate number. Give us a call today for clear, concise advice. 

  • Before we submit to our panel of esteemed lenders, our credit analyst team will always do a quotation search – this is standard practice for our industry. This is a figure that you – and only you – will be able to view on your credit file. At this initial quotation stage, a full search on your credit rating is not required; however, when we move to the formal proposal, a complete check will be requested to determine any aspects of credit worthiness.

    If you are concerned about a ‘bad credit score’ or worried about credit acceptance when it comes to prestige car finance, our team is available to help. With over 30 years’ experience in brokering car finance deals for a wide range of clients, we are dab hands at examining each proposal on an individual basis. Our personal service allows us to guide you where possible, giving customers access to the best options and deals available when it comes to prestige finance solutions. 

    As always, one of the main things any reputable lender will examine is affordability. In addition to any credit taken into consideration, another factor a lender will need to be sure of is that the borrower will be able to handle, service and return the debt in addition to any further interest that may be accrued over this period. Other aspects, such as your income and any outstanding finance agreements that are in effect, will also impact the lender’s decision – which is why all of our clients have to be responsible when it comes to taking out finance. You must be sure that you can afford any car you agree to broker with us. 

    At Magnitude, we will always give you the best advice available. Should you decide that obtaining finance directly from a dealer suits you better, we will always support your decision and ensure that you are clear on what that option entails. That said, from all of our years spent sourcing competitive rates, our deals and trusted panel of funders are truly hard to beat. Those that come to us rarely find a better option than the range of flexible financial packages we provide. 

    We pride ourselves on going above and beyond when securing our customers’ finance packages, because we believe that everyone deserves to drive the car of their dreams.

    Get in touch with our expert concierge team today to find the best finance solution for your luxury vehicle.