Rates from 8.9% APR  - 8.9% APR Representative

Refinancing - Keep it, extend it, we can help

Call the Team For A Refinancing Quote

Refinancing Your Car

At Magnitude Finance, we have over 30 years of experience in offering a wide range of prestige car finance products. Refinancing is a common solution for those wanting to keep their car or those just wanting to change the length/figures of their agreement.

There are many reasons that a refinancing deal on a car makes sense.  It could be a deal to release equity from a classic car bought as an investment through to refinancing a deal that has a balloon payment due.

Whatever the reason to refinance, our team of advisors provide our unique concierge approach to finding the perfect deal for our clients.

Refinancing cannot be done via our calculator, so contact the Magnitude Finance team today and we’ll take the stress out of arranging your next refinancing deal.

Finance Types

Hire 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.

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.

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.

Specialist Facilities

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 - BMW M2 Competition

Representative example - BMW M2 Competition


Deposit £0.00
Amount of credit £25,000.00
Total amount payable £34,594.65
Final Instalment/Balloon £22,396.25
Regular monthly instalment £251.80
Duration of agreement 49 months
Representative APR 10.40%
Type of interest Fixed
Administration Fee £100.00

*This BMW refinance example is for illustration purposes only and is based on refinancing the balloon payment from a vehicle that originally cost £40,000. Please contact our finance team for a tailored quotation.

How it works

Our finance calculator and concierge
service makes financing your car simple.

How it works

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!

Already found your dream car?
Use our calculator to get an estimate for your finance

Use the calculator

Magnitude can offer refinancing on most cars, please contact one of our expert team to discuss your options.

Why choose Magnitude?

  • Competitive rates
  • Wide choice of agreements and lenders
  • Expert advice
  • Fast response times
  • Ethical lenders
  • Part of DSG Financial Services – 30 years of experience

Our experience is unrivalled

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.

Our commitment

Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.