Paul Wallace - Supercars of London
WE ARE A CREDIT BROKER, NOT A LENDER
Why Paul chose Magnitude Finance
Paul’s Youtube channel ‘Supercars of London’ covers anything and everything automotive. Whether that be supercar spotting in Central London, or driving a hot hatch across Europe to race to the Monaco F1 Grand Prix.
When it comes to funding cars, Paul has come to Magnitude on multiple occasions, with some beautiful cars and even a stunning Ducati at one point. 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.
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.
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 - Audi R8
|Amount of credit||£69,000|
|Total amount payable||£110,336.03|
|Regular monthly installment||£1,022.74|
|Duration of agreement||48 months|
|Type of interest||Fixed|
*This PCP finance example is for illustration purposes only. Please contact our finance team for a tailored quotation.
Our finance calculator and concierge
service makes financing your car simple.
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!
Magnitude offer finance for all prestige and performance cars over £25,000. We work closely with our customers to find the optimum finance package.
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.
Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.