Finance
Car Financing
Navigating car financing can often feel like entering a maze. Rest assured, as an FCA regulated dealership, we're here to demystify the process, ensuring you understand every term and explore all options with confidence.
Benefit from our enticing part exchange deals and tailored finance packages, allowing Taylor's Select to make your dream car a reality.
Consult the Specialists
Opting for finance opens doors to greater possibilities, with nearly half of our clients already opting for this route. Our aim is to craft a finance plan perfectly aligned with your needs and your chosen vehicle.
With daily interactions with various finance firms, our in-house team boasts substantial expertise in securing successful finance applications.
Swift Decision-Making
Our team is committed to working within your budget, frequently finding ways to save you money. Thanks to our strong ties with finance companies, we enjoy privileged access to competitive rates, often delivering decisions within 60 minutes, ensuring a seamless experience.
What are your car finance interest rates?
Our interest rates are competitive. For HP, rates start from 10.9% APR Representative, while for PCP, they also begin at 10.9% APR Representative. Rates are subject to your personal credit score.
What information is required for a financing decision?
During the application process, we'll need your personal details, employment information, address history, bank account details, and a copy of your photo ID.
Will applying for finance impact my credit score?
Yes, applying for finance involves a hard credit check by the lender, which can affect your credit score for up to six months if there are too many checks within a short period. This could potentially reduce your chances of approval for credit.
Our Role
As a credit broker, we connect you with a select group of lenders and their finance products, each with distinct rates and fees. While we offer advice tailored to your circumstances, you're not obligated to follow it.
Our services come with no additional charges. We receive commission from the lender we introduce you to, but this doesn't affect your repayment terms.
Learn more about Personal Contract Purchase (PCP):
PCP finance, also known as Personal Contract Purchase finance, is a popular method of car financing. It allows buyers to pay a deposit on a new or used car and make monthly payments over a fixed period. At the end of the agreement, buyers can opt to make a final payment to own the car outright or return it to the dealership. PCP offers benefits such as lower monthly payments, flexible terms, and the option to upgrade to a new car at the end. However, it's crucial to consider factors like mileage management and maintenance costs.
Learn more about Hire Purchase Finance (HP):
HP finance, or Hire Purchase finance, enables buyers to purchase a vehicle by making fixed monthly payments over a set period. Typically, buyers pay a deposit upfront and continue with regular payments until they own the vehicle outright. HP offers benefits like spreading the cost over a longer period, fixed interest rates, and potential credit improvement. However, buyers don't legally own the vehicle until the final payment, and missed payments could lead to repossession. Additionally, HP interest rates may be higher, resulting in increased overall costs.