Land Rover & Range Rover Finance
Since the initial reveal of the first ever Range Rover in 1970, the vehicle has continuously evolved. The world’s most luxurious SUV features unrivalled levels of sophistication, inherent capability and design inspiration, together with technological advances that set it apart.
Following the successful testing of the Velar concept vehicle, the first Range Rover was revealed in 1970. It was the first vehicle to deliver permanent 4-wheel drive. After 11 years on the market, the Range Rover Classic was made available as a four-door vehicle.
Skipping to the 21st century, the fourth generation Range Rover was the first to feature a lightweight all-aluminium body and was instantly recognisable due to its long wheelbase and floating roof.
In 2020, the Range Rover marked its half century with the highly desirable ‘Fifty’ special edition. Built on the luxuriously appointed Autobiography model, it has exclusive interior detailing and bespoke 22-inch wheels.
How we can get you the keys to your dream Range Rover
At Magnitude Finance, we have an unparalleled heritage and pedigree in working with our clients to arrange funding packages for a wide range of prestige, classic and luxury cars all at the most competitive prices on the market.
As a company, we have designed our services around our clientele’s requirements, and, as prestige vehicle finance specialists, we have built partnerships with both retailers and lenders to make the car buying journey smooth and effortless.
Our independent status, coupled with access to over 20 different lenders -many of which are main UK banks offering exclusive products for cards worth over £25,000 – means we are perfectly placed to meet individual preferences.
As part of this service, we offer:
- Specialist lending for classic, exotic or older vehicles
- Assistance to refinance your vehicle for the best deal
- Car finance for sports and media professionals
What finance products can I use for my Range Rover?
We have over 30 years of experience in offering a wide range of prestige car finance products and are proud to have assisted thousands of people to get behind the wheel of iconic, luxury cars.
Alongside an unrivalled level of service and a concierge team ready with professional knowledge – plus an eye for the best deals – we have access to over 20 lenders across the finance market.
This lets us create a bespoke Range Rover finance package with flexible funding to suit your exact requirements, with some of the best and most competitive finance rates on the market.
With a broad range of attractive finance options to choose from, Magnitude’s concierge team is on hand to give you the keys to your dream car.
As well as experts in vehicle finance, we’re a group of passionate supercar fans, with insider knowledge that can tailor a Range Rover finance package to suit you – for however long you want to stay in the driver’s seat.
Whether you’re navigating the finance process for the first time or are looking to secure a Range Rover finance quote, we’re here to help. With our Car Finance Academy, you can learn how to get the best out of your new and current car finance package from our expert team.
Here are some of the products we offer:
Hire Purchase Finance
Hire Purchase Finance is one of our most simple car funding options. It allows you to pay off your prestige vehicle over a fixed period without using a personal loan – with the vehicle being yours once that final monthly payment has been completed.
With this format, clients are essentially hiring their luxury car from us during the 2-5 years that the agreement is in motion. After this period, full ownership of the car transfers to you.
Hire Purchase with Balloon
Choosing a Hire Purchase with a Balloon agreement joins together the benefits of PCP and HP, making it the perfect choice for clients looking to invest in classic cars or other collectible models.
Opting for this service allows clients to enjoy reduced payments on a month-by-month basis with no age limit on the vehicle at the end of the agreement – a condition that can be found on PCP packages.
A Balanced Payment plan offers an ultra-competitive rate for those with previous borrowing experience. In the same vein as our other purchase packages, such as a Hire Purchase plan, repayments are fixed and made on a monthly basis.
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 money.
Personal Contract Purchase
For those looking for a Range Rover finance option at a lower fixed monthly rate than a traditional Hire Purchase, a Personal Contract Purchase could be exactly what you’re after.
This package is one of the most popular and cost-effective car finance products on the market, especially for those who enjoy switching up their car on a more regular basis.
Personal Contract Purchase plans are often built on a Hire Purchase agreement, which lets you pay for your luxury vehicle over a set period of time – usually two to five years.
Starting with a flexible deposit of 10% to 20%, a fixed monthly payment is 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 money and keep the vehicle
- Part exchange to use any outstanding equity against your next purchase
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.
Personal Contract Purchase
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.
Balanced Payment Plan
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.
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 - Range Rover SVR
|Amount of credit||£66,881|
|Total amount payable||£92,373.99|
|Guaranteed Future Value||£40,324.50|
|Duration of agreement||48 months|
|Regular monthly instalment||£894.67|
|Representative APR||7.4 %|
|Type of interest||Fixed|
*This Range Rover PCP finance example is for illustration purposes only. Please contact our finance team for a tailored quotation.
Secure your Range Rover finance with Magnitude
Discover how Magnitude can help you get the keys to your dream Range Rover vehicle, today.
If you’d like to create your own Range Rover finance package, use our Car Finance Calculator for your chosen vehicle and then call us to reduce your payment or tailor your terms.
Speak to a member of our concierge team or request a call back at a time that suits you.
If you are looking for more information about prestige car finance packages, why not click here to read some of our latest news and opinion articles.