Used car finance guide

Tailored packages to suit you

Car financing made easy

Choosing a finance solution to suit you:

Financing a vehicle is a popular way in the UK to buy a new or used vehicle. It provides the flexibility of purchasing a vehicle, without having to pay a large lump sum of cash upfront.

At bravoauto we have a great selection of finance options for you to choose from. These include:

- Personal Contract Purchase (PCP)
- Hire Purchase (HP)

All finance applications will be subject to credit checks and affordability assessments carried out by our lenders based on the information you provide us.  Please ensure you can afford to repay any loan you request that we arrange on your behalf.

bravoauto trading as Inchcape are FCA regulated and act as a broker not a lender, we work with a panel of lenders and we will receive commission for arranging finance on the customer’s behalf. We do not advise or recommend finance products, but will provide information to allow our customers to make an informed choice.

PCP plans are designed for people who like to change their vehicle regularly. So it means you could drive a new vehicle every 2-3 years.

How does PCP work:
Personal Contract Purchase is one way to buy nearly new or used vehicle. It combines fixed monthly payments with exceptional flexibility at the end of the agreement. Typically this is available between 24 and 49 months.

At the end of your PCP agreement:
You have total control in deciding which of these choices suits you best.

Return -
You have the option to return the vehicle at the end of your agreement. To avoid incurring charges, the vehicle needs to be in good repair and condition (allowing for fair wear and tear) and within the permitted maximum mileage as agreed upfront on an annual basis.

Retain - Buy the vehicle outright by paying the optional final repayment. An option to purchase fee of £10 is also applicable.

Renew -
Subject to paying off your existing agreement in full, you can part exchange your vehicle at the end of the term or any time during the agreement. Alternatively the vehicle could be worth less than the optional final repayment leaving you with a shortfall to pay before starting a new agreement. In such instances, you can exercise the RETURN option above and have no further liability (mileage and vehicle condition restrictions apply, as above).

Is PCP the right finance option for you?
A cost effective and flexible way to change your vehicle on a regular basis.

Discover more about how to finance your new vehicle with our Guide to PCP Car Finance.

HP is one way of buying a nearly new or used vehicle. The monthly payments are determined via the amount of deposit initially paid, the period of the contract and the overall price of the vehicle.

How does HP finance work?
A HP option will consist of paying a deposit amount, and you will then pay the remaining balance and interest in equal monthly repayments over the agreed term. This will entitle you to eventual ownership of the vehicle. There are no mileage restrictions.

At the end of your HP agreement:
After you’ve made all the repayments including any interest and option to purchase fee, you will become the owner of the vehicle and are free to keep or dispose of the vehicle as you see fit. Should your circumstances change you are able to settle the agreement either partially or in full, and your finance company will be happy to provide a figure for this at any time.

Is HP the right finance option for you?

If you're a high mileage driver or would like to keep your car for a longer period of time, HP could be an option for you.

Discover more about how to finance your new vehicle with our Guide to HP Car Finance.

Learn more...

There are several ways you can pay for your new car. Some customers like to pay using their savings, others take an unsecured loan and some take advantage of the funding we can arrange on your behalf in our capacity as a credit broker, not a lender.

Why should you consider using Dealer Finance? Listed below are some of the key benefits you receive when using our Hire Purchase (HP) and Personal Contract Purchase (PCP).A number of these aren’t available to you when using your bank or a money comparison site for an unsecured personal loan.

✔ Additional consumer protection as both we and the lender share responsibility for your ongoing satisfaction of the car
✔ An element of fraud protection through the national vehicle registration scheme
✔ Easy budgeting with fixed monthly payments
✔ Simple application process with no upfront fees
✔ A choice of term to meet your monthly budget

Our Hire Purchase (HP) and Personal Contract Purchase (PCP) customers receive additional benefits.

✔ Protection from excessive depreciation due to termination rights
✔ bravoauto Loyalty Tracker which assists you to upgrade your car at the most viable financial opportunity
✔ Flexibility of agreement with partial settlement through ad hoc overpayments
✔ Available from zero deposit

It is important you give consideration to the following points which may include but are not limited to: 1. Comprehensivemotor insurance is required during the term of the agreement. 2. You should only enter an agreement if the payments are affordable 3. You are not aware of any likely change to your financial situation which may make it unaffordable. 4.There are consequences to not keeping your payments up to date. 5. Our HP and PCP agreements have the Right Of Withdrawal. 6 All finance applications will leave a record on your credit file.

The two options we offer are Hire Purchase and Personal Contract Purchase, the one you choose will simply depend on your own situation and the age and mileage of the car your wish to buy.


information  Click here to download the Main dealer funding options available at bravoauto.

Yes, definitely. We can offer a wide variety of term lengths, rather than the 6 or 12 months 'blocks' offered by many lenders. We can arrange a loan for 38, 45, or even 57 months to ensure you aren’t paying unnecessary interest on a term longer than was required. You can make additional payments at any time to reduce the overall term of your loan, benefitting from a lesser interest charge overall. And you'll receive additional consumer protection, meaning that you have more rights over your purchase than with a loan, such as with voluntary termination or Section 75 protection. 

If you are concerned that you may have an impaired credit history or have found it difficult to buy a car on finance in the past, we may be able to offer you support via agreements that are available to us through our specialist broker partner. They will use their expertise to help you find a possible viable and affordable solution for your individual circumstances.