Finance

Our mission has always been to make buying a used car easy and hassle free

At Motors Hub, we operate as a credit broker, not a lender, and have partnered with some of the UK's leading finance providers,. This enables us to offer a range of finance solutions tailored to your needs, with flexible deposit options that can even start from a 0% deposit.

We understand that arranging finance can feel overwhelming, so we have detailed the two main finance products available below. From there, you can proceed with our simple online application, and our award-winning finance team will assist you throughout the process.

Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) is a popular way to finance used vehicles.

At the end of the PCP agreement, you have three options:

  1. Return the car to the lender
  2. Purchase the car by paying a final balloon payment (which is the predicted guaranteed minimum future value)
  3. Part exchange your vehicle - any equity remaining in the vehicle can be used as a deposit on a new car.

PCP offers affordability as you are only financing part of the car's value. You are instead deferring a large sum to the end of the agreement, which reduces the monthly payments and allows you to choose a newer and more expensive car. If you do not want to pay the final balloon payment and own the vehicle at the end of the agreement, a PCP offers flexibility at this stage, making it suitable for you if you want the ability to switch cars regularly.

However, if you want to own the vehicle, PCP may not be the ideal solution as you don't own anything until the final balloon payment has been paid. If you choose to return the vehicle at the end of the agreement, there can also be additional charges for excess mileage or damage.

Hire Purchase (HP)

Hire Purchase (HP) is another popular way to finance used cars, offering a straightforward approach to owning a vehicle. Under an HP agreement, you make fixed monthly payments for an agreed period, usually between 3 to 5 years. These payments cover the total cost of the car, along with any interest applied.

Once all payments, including any option to purchase or completion fees, have been made, the vehicle becomes yours. An initial deposit is often required, although there may be options for a 'zero deposit' agreement depending on your circumstances.

HP is ideal for those who want to own the car outright and are comfortable with consistent monthly payments. It allows you to spread the cost over time, making it easier to manage.

However, if you prefer changing vehicles frequently, HP might not be the best option, as the agreement must be settled before you own the car. This can be done by either paying off the remaining balance or part exchanging the vehicle with a dealer, such as through Motors Hub.

Motors Hub have a dedicated team of finance experts waiting to help with your enquiry.

We have relationships with high street lenders and specialist motoring finance houses too, that is why we have helped hundreds of customers secure the best finance deal for their budget. Our expertise with finance means that even if you have a poor credit rating we can help arrange finance for you.

2 Minute Application

Complete our simple to use online form below and once submitted, we will get back to you as soon as possible.

Apply for finance

Finance Application Terms and Conditions

By completing the application for vehicle finance below, you give us, Motors Hub, the authority to request your credit history from credit reference agencies ("CRAs") and that you agree to be subject to one or multiple full ("hard") credit searches on your credit report. These hard searches includes information like your credit score, credit report and data related to them, such as credit providers, county court judgments ("CCJs") and reasons for changes to your score or report. Hard searches are visible to third parties. When you submit the application, one or more hard credit searches will be performed and your eligibility for vehicle finance will be considered by our carefully selected panel of lenders. Each has their own acceptance criteria and will consider affordability elements that a credit search may not. Lenders will assess your ability to repay the finance provided, now and in the future, including in the event of a change in circumstances or the general market, such as an interest rate change. Before proceeding, please note that multiple hard credit searches in close proximity to each other can detrimentally impact your credit score. Lenders and credit scoring models consider how many hard credit searches you have on your credit reports. This is because applications for new credit increase the risk a borrower poses to lenders. Be mindful of submitting multiple finance applications in a short window of time.

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Car Finance Explained


Complete our Simple Online Application

Get your finance sorted before finding your car. Our simple online application makes it hassle-free. If you've already found the right vehicle, just provide the details and we'll handle the rest based on your circumstances.


Find your Perfect Car

Explore our range of vehicles to find your perfect car. With thousands of options available, you can book a test drive online and visit us for personalized assistance. Our finance team is ready to help, 7 days a week.


Confirm and Drive Away Happy

After choosing your ideal car and finalizing the finance, all that's left is to hit the road in your new vehicle. Depending on your situation and the car selected, we may be able to complete everything in just one day.


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