From PCP & Hire Purchase to bespoke funding packages


We offer a range of car finance products to meet your individual requirements.

Our concierge service, coupled with over 30 years experience, and a panel of over 20 lenders enables us to create a finance package to suit each individual client’s needs.

To begin your journey with Magnitude Finance explore our range of products below, or enter your details into our unique car finance calculator for an instant, accurate no-obligation finance example.

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What are Balanced Payments?

A Balanced Payment Plan offers a fixed monthly payment but unlike a Hire Purchase car finance agreement, where the interest rate is fixed, Balanced Payments offer a variable rate which tracks the changes in the Finance House Base Rate, LIBOR or Bank of England Base Rate, depending on what is specified in the agreement. As the relevant rate goes up or down over the period of the contract, so does the amount of interest you pay.

How do they work?

You pay an initial deposit and then the balance in fixed monthly instalments over an agreed term (24-60 months). At the end of the term any variation in interest rates is reconciled and will be settled as either a credit to you, or a charge. Other options available with a Balanced Payment Plan include a final ‘balloon’ payment which has the benefit of reducing your monthly payments by deferring an agreed element of capital until the end (traditionally linked with the depreciation of the vehicle).

What are the benefits of Balanced Payments?

  • Flexible – reducing interest penalty options for early settlement
  • Low deposit – doesn’t tie up cash reserves
  • Fixed monthly payment – perfect for budgeting
  • Tax benefits – Tax allowances for business users
  • Potential savings – save if interest rates fall
  • VAT free – no VAT on payments

Why choose Balanced Payments?

Rates are competitive, and Balanced Payments plans tend to be popular with sophisticated borrowers and investors with a good understanding of finance.

Things to consider

  • You do not have the option to return the vehicle at the end of the agreement
  • Any increase in interest rates will mean you pay more under the agreement
  • The facility doesn’t offer the protection of the Consumer Credit Act

The minimum advance for an individual is £25,000, based on a business user declaration but any level is available for limited companies.

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We’ve got lots of amazing resources to help you understand the world of prestige car finance

Our Car Finance Academy provides all the resources you will need to choose the right finance product and get the most out of your car finance agreement.

Car finance can be tricky to understand, so we help de-mistify it. Do you know the difference between a regulated and non-regulated agreement? What happens if you want to trade your car in before your finance is over? We’ve got the answers that some finance companies won’t want to give you…

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Already have a Finance agreement in place?
Try our Car Finance settlement Calculator.

Our car finance settlement calculator will calculate the outstanding balance of any loan.

This formula assumes all payments are made on time and that you have an agreement regulated by the Consumer Credit Act. Please note that there may be additional settlement penalties for non-regulated agreements.

If you wish to settle any finance agreement early and you are a Magnitude customer please give us a call. If not, we recommend that you contact your existing finance provider for an exact figure.

Settlement Calculator

Our concierge team love helping our customers finance their dream car. Get in touch with them to see how we can do the same for you.