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Car Finance

The combination of low car prices and low finance rates means that Autoquake is uniquely positioned to offer cars with exceptionally low monthly payments. You can reduce your payments even more by choosing a Personal Contract Purchase(PCP) and that way you will be able to afford a lot more car for your monthly budget than you ever imagined.

At Autoquake we offer you:

  • Low rates
  • A fast simple and transparent process
  • Wide range of finance lenders and options
  • Tailored approach to suit individual credit history needs
  • Dedicated specialists to talk to for advice
 
Process

Follow these 3 simple ways to finance your car:

 
You'll need to apply for a loan on a specific car so start by selecting a car.
 
The amount you borrow will be the difference between the value of your existing car and the car you are looking to purchase, minus any additional deposit.
 
You can access the finance calculator and online application form from the finance tab on each car details page. Click here to start searching for a car.

Products

Autoquake offers two main finance products. These are described below:


Hire Purchase (HP)

This is the most common type of car finance. With HP, you pay off the entire cost of the car over the repayment period. People typically choose this type of financing if they want to own the car after the payment period.  (+) more

The most straightforward type of car finance.

  • Fixed monthly payments make budgeting easy
  • Loan periods vary from 12-60 months
  • Interest rate is fixed from day one
  • Early settlement of the loan is allowed
  • Flexible deposit amounts available, depending on your credit history
  • Some lenders charge a small setup fee which is normally added to the first monthly payment
  • Minimum Loan of £1500 subject to status and lender
 (-) less
 

Personal Contract Purchase (PCP)

This is a newer and increasingly popular way to finance your car. With PCP a part of the amount financed, the final payment, is delayed until the end of the repayment period which means your monthly payments are lower.  (+) more

The two main benefits of PCP are: 1) For a given finance period, the monthly payments are typically lower than with HP financing. As a result, for a given monthly payment budget, you can purchase a more expensive car. 2) If at then end of the finance period your car is worth less than the Guaranteed Minimum Future Value you can hand back the car and walk away. If your car is worth more than the GFV you can sell or trade in your car and use this money to pay the final payment and use the rest as a deposit on a new car.

People typically choose this type of financing to minimise monthly payments.

A PCP allows lower monthly payments than an HP agreement, because a portion of the loan is set aside until the end of the loan agreement.

  • Flexible deposit amounts available, depending on your credit history
  • Fixed monthly payments for easy budgeting
  • Deferring a part of the loan until the end keeps monthly payments low
  • Provides the reassurance of a Guaranteed Minimum Future Value
  • At the end of the contract you have three choices:
    1. Take ownership by making the final payment
    2. Hand the car back with nothing more to pay
    3. If the car is worth more than the GFV, use this equity as a deposit for a new model
  • Loan periods vary from 12-60 months
  • Interest rate is fixed from day one
  • Early settlement is allowed
  • Minimum loan of £2500, subject to status
  • Some lenders charge a small setup fee which is normally added to the first monthly payment
  • Maximum age of car at end of finance agreement 7 years
  • Maximum mileage of vehicle at end of contract 100k
 (-) less


Autoquake featured in Auto Express
* Courtesy of Auto Express, Britain's biggest selling weekly car magazine

Why Autoquake?

Because low prices go hand-in-hand with buying your car on the internet: