Finance

Personal car finance, spread the cost of your
new car over a flexible term of up to 60 months.

Let’s find a new set of wheels to suit your budget

Finance your next car in 3 easy steps

Our finance is arranged through MotoNovo Finance.
Your finance should be approved within 1-2 hours (subject to approval).

Find Your New Car

Choose your next car from
our extensive range of premium used vehicles

Get a Quote

Build your personalised
finance options, based on your
credit score

Apply Online

Personalise your quote
with a quick and secure online application

Our lending partners

We can help you find the right competitive finance plan for you.

Find a car to suit your monthly budget

Finance or Personal Contract Purchase (PCP) options from 9.9% APR.

Based on a £2,000 deposit on a 48 month plan with a representative APR 9.9%, £10 option-to-purchase fee and fixed interest rate of 11.4%. Subject to credit checks. Deposit amount for illustrative purposes only. The amount of deposit used towards your finance agreement may affect monthly payments.

Understanding car finance

Learn about the different finance options available,
so you can decide what’s right for you.

HP (Hire Purchase) and PCP (Personal Contract Purchase) are types of loans that help you pay for a car.

At Norman Motors, you can choose to pay over 24 to 60 months.

With HP you:

  • Pay monthly payments over a set time
  • Own your car at the end of the plan
  • You usually have to pay a small ‘option to purchase’ fee at the end of your HP plan. For Conditional Sale agreements, there is no such fee.

If you want to end the agreement early – wear and tear charges may apply.

Learn more about HP car finance

With PCP you:

  • Pay monthly payments over a set time
  • Keep, hand back or part exchange the car at the end – with an optional final payment if you choose to keep 
the car

If you want to hand back the car – this is subject to mileage and condition (excess mileage and damage charges may apply).

If you part exchange at the end – this is subject to paying off your existing finance agreement and new credit agreements. New credit agreements are subject to status.

Learn more about PCP car finance

It’s important to give an accurate mileage if you apply for PCP. If you drive more miles, you’ll have to pay an excess mileage charge

What’s the difference between Hire Purchase (HP) and
Conditional Sale (CS)?

When taking out a HP agreement, this may also include a ‘Condition Sale’.

Both HP and CS need monthly payments to cover the cost of the car, and with both contracts you’ll be the legal owner of the car when you’re all paid up.

HP has a small ‘option to purchase’ fee included in your final payment, while CS has no such payment. You’ll be aware of your ‘option to purchase’ fee at the start of your HP contract, so don’t worry about being hit with large hidden costs.

CS only applies to HP finance, not PCP finance.

With any car finance agreement, it’ll all be laid out in front of you right at the start.

Why finance through a dealership

What is my credit score?

Check for free whether you’re likely to be accepted for vehicle finance, and
get an indication of the cost, without it affecting your credit rating.*

30+ lenders

Our broad panel of motor finance lenders increase your chances of acceptance

No-obligation

There is no cost and you are not obligated to go ahead with your quote

Soft search*

Initial check is a soft search and does not impact your credit rating

Instant results

Makes your decisions easier and helps you to find the right deal for you

*Initial check is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Frequently asked questions

What is car finance?

Car finance is a way to spread the cost of buying a car over a period of time through monthly payments, rather than paying the full amount upfront

What types of car finance do you offer

Personal Contract Purchase (PCP): Low monthly payments with an optional final balloon payment to own the car

Hire Purchase (HP): Higher monthly payments, and you own the car at the end.

Personal Loan: A loan from a bank or lender to buy the car outright

Am I eligible for car finance?

Lenders will check your credit score, income, employment status, and other financial factors to determine eligibility.

Do I need a deposit?

No, you can put down as little or much as you wish, obviously the higher the deposit then the lower your monthly payments will be but its entirely up to you the amount

What is APR, and why is it important?

APR (Annual Percentage Rate) includes the interest rate and other fees, showing the total cost of borrowing over a year.

Can I pay off my finance agreement early?

Yes, You will however need to check your agreement for terms.

What happens if I miss a payment?

Missing payments can harm your credit score and may lead to repossession of the vehicle, depending on the terms.

Will I own the car at the end of the agreement?

With HP: Yes, once all payments are made.

With PCP: Only if you pay the optional final balloon payment.

Can I modify the car on finance?

Modifications are often restricted, especially with PCP and PCH agreements. Check with your lender.

What happens if I exceed the mileage limit?

You may face excess mileage charges if you exceed the agreed limit on PCP agreements but there are no mileage limitations on Hire Purchase

Can I get car finance with bad credit?

Yes, but your options may be limited, and the interest rates may be higher. Some lenders specialize in bad credit finance.

How does car finance affect my credit score?

Regular, on-time payments can improve your credit score, while missed payments can harm it.

What happens at the end of a PCP agreement?

Pay the balloon payment to keep the car.

Return the car with no further payments (subject to condition and mileage).

Trade it in for a new car.

Hear what our customers say…

It's drive time!

Let's find your next set of wheels

Need any help? Call, email or WhatsApp

Call us

01202 513818

Email us

Send email

WhatsApp us

Start a conversation