Frequently Asked Questions

Typically 10-20% of the vehicle price, though this varies by lender and your individual circumstances. For vehicles over £1 million, higher deposits may be required. We can advise on the minimum deposit for your specific situation.

There's no fixed minimum credit score. Specialist lenders assess each application individually, considering your overall financial profile rather than just credit scores. We've helped clients with varied credit histories secure finance.

Yes. Many of our clients are business owners and entrepreneurs. Lenders typically require 2-3 years of accounts, though some may accept less for established businesses with strong financials.

Absolutely. We finance both new and used vehicles. For used hypercars, lenders will consider age, mileage, condition, and service history when determining eligibility and rates.

With PCP, the lender guarantees a minimum future value (GMFV), protecting you if the car depreciates more than expected. You can return the car at the end. With Lease Purchase, you own the car from day one and must pay the balloon payment at the end. LP often has lower rates but no return option.

Lease Purchase is often preferred for hypercars because: 1) You own the car immediately, 2) No mileage restrictions, 3) Competitive rates. However, PCP can work well for limited edition models where GMFV predictions are more reliable.

Yes. You can request a settlement figure at any time. There may be an early settlement fee, but you're entitled to a rebate of interest for the remaining term. The Consumer Credit Act protects your right to early settlement.

HP: You pay a nominal option-to-purchase fee (usually £1-10) and own the car. LP: Pay the balloon payment to own outright, or refinance. PCP: Pay the balloon, return the car, or part-exchange. We'll contact you before the end to discuss options.

Initial indication: Same day. Formal approval: 24-72 hours for straightforward cases. Complex cases or very high-value vehicles may take longer if additional underwriting is required.

We start with a soft credit search that doesn't affect your score. A hard search only occurs when you formally proceed with an application. We won't run a hard search without your explicit consent.

Typically: Photo ID (passport/driving licence), proof of address (utility bill/bank statement), proof of income (payslips/accounts), and bank statements. For company applications, we'll also need company accounts and details.

Yes, though there are additional checks. We'll need to verify the seller's identity, confirm clear title, and ensure proper HPI/provenance checks. The process takes a little longer but is straightforward.

This depends on your lender and the modifications. Generally, reversible modifications are fine. Significant modifications (engine tuning, body kits) should be discussed with us first as they may affect insurance and residual value.

Comprehensive insurance is required. For high-value vehicles, we recommend agreed value policies from specialist insurers. Lenders may have minimum cover requirements regarding excess and policy terms.

Usually yes, for reasonable periods. Most agreements allow European travel. Longer trips or racing may require lender approval. Always check your insurance covers international use.

Contact us immediately. Lenders are often flexible if you communicate early. Options may include payment holidays, term extensions, or restructuring. Missing payments without communication can lead to defaults and repossession.

Yes. Reasons to refinance include accessing better rates, releasing equity, or adjusting monthly payments. We'll need to settle your existing agreement so there are costs involved, but it can often save money overall.

If your car is worth more than you owe (or you own it outright), you can borrow against that equity. Often used by collectors to fund new acquisitions without selling existing cars.

Absolutely. Many clients have multiple agreements with us. Your track record with us can actually help secure better terms on subsequent vehicles.