If you know cars, you know Mat Watson, frequently found creating entertaining and in-depth reviews on everything from Dacia to Lamborghini.
Mat knows the car world inside out, so when it came to organising finance on his next vehicle, Mat knew exactly where to look. We organised a bespoke finance package to meet his needs based on desired payments and the duration of the facility to fall in line with his plans. A fantastic example of how we at Magnitude Finance can tailor make packages based on individual customer needs.
Under a Hire Purchase agreement, you usually pay a deposit at the start of the agreement. You then pay the rest of the value of the car in instalments, over a period of between 3 and 5 years.
A Balanced Payment Plan offers the benefits of a fixed monthly payment, however tracks the changes in the finance house base rate, LIBOR or bank base, depending on the agreement.
PCP is a popular way of financing a vehicle and is usually based upon a Hire Purchase agreement. The main difference is that the vehicle’s value at the end of the agreement is calculated at the start.
We have access to a number of specialist lenders that will look at high value vehicles over £1 million, classic and exotic cars, refinancing existing deals, equity release or even assets other than vehicles.
Representative example - Toyota GR Hatchback (Circuit Pack)
£35,500
| Deposit | £2,500 |
| Amount of credit | £33,000 |
| Total amount payable | £37,681.04 |
| Interest charges | £2,171.04 |
| Final installment | £1,475.56 |
| Balloon | £0.00 |
| Duration of agreement | 24 months |
| Regular monthly installment | £1,475.56 |
| Representative APR | 6.4% |
| Mileage | 6,000 per annum |
| Type of interest | Fixed |
*This finance example represents Mat's deal, prior to nationwide APR changes. Please contact our finance team for your own tailored quotation.
Call us and get a tailored quote on your chosen car (or apply online).
When you are happy, we’ll create and submit your application to your chosen lender.
Once approved, pay a deposit to the dealer and sign & return the finance documents to us.
We pay the dealer - you pick up your new car!
With over 30 years in business building strong relationships with consumers, dealers and manufacturers, no other prestige car finance specialist can match our experience.
As part of DSG Financial Services we have been able to negotiate the very best terms from our lenders on behalf of our customers, so you can expect lower rates than most of our competitors are able to offer – just try us and see.
Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.
Alex Baldwin was very efficient and helping me process my car finance. He kept me updated on all stages of the process. Highly recommended and very happy with the service.
cannot recommend Jack enough, sorted finance on my deal, and went smooth considering the dealers rates were awful compared to the magnitude
Got offered a HP finance APR of 6.8% couple of months ago compared to Charles and dean which was at 9.8%. Many thanks to Tom for arranging this.
Second time using magnitude now and once again a flawless experience, have dealt with Alex both times and will be sure to use him again, don’t hesitate before using these guys
Bought my 911 turbo through magnitude finance, was my dream car ever since I’ve been able to drive and they made it happen ! Look no further for your car financing ! Top class !
