Car Finance - Frequently Asked Questions

Car finance can be confusing, especially with the variety of options available to today's car buyer such as hire purchase, personal contract purchase and personal contract hire. We've listed a few popular questions below, but get in touch if you have a question which isn't covered on the website and we'll get straight back to you, as well as posting the answer here to help others.

Am I eligible for car finance?

Obtaining car finance will depend on a variety of different factors, including whether or not you are employed, your current financial status and what age you are. At Sturgess Group, we have a high acceptance rate for car finance applications, including customers with low credit scores, and always do our utmost to help you drive away in the car of your choice, hassle-free.

Contact us today to speak to an advisor who will be happy to explain your options based upon your personal circumstances and the car you're looking to purchase.​ 

Is car finance just for new cars?

We offer car finance for both used and new cars at our many dealerships. We have a huge selection of used vehicles including Jaguar, Land Rover, Fiat, Hyundai, Suzuki, Volvo and Alfa Romeo, as well as many other marques. This guarantees you can find a high-quality vehicle at a competitive price, with all the benefits that finance offers you.​ 

How do I know my credit rating?

Credit rating will be dependent on your past credit history. For an accurate reading, try websites such as Experian or Equifax, which can provide you with your credit score. If you have had problems in the past with CCJs, defaulted or missed payments, don’t worry, Sturgess Group offers a range of flexible finance options including car finance for bad credit.

Speak to one of our helpful team for more information on the types of finance we offer.​ 

Can I get car finance without having a credit history?

We aim to have all our customers on the road in their choice of car at Sturgess Group - even those with no credit history. As long as you are on the electoral register, can provide proof of address and receive a regular income, applying for finance needn’t be a problem.​ 

What is the difference between Personal Contract Purchase and Hire Purchase?

Hire Purchase schemes allow you to pay a deposit and drive your car away, with the remainder of the balance payable monthly at a fixed rate, usually over 24 to 48 months. At the end of the agreement, you will own the car outright. Personal Contract Purchase, or PCP, lowers your monthly payments as part of the cost is deferred until the end of the agreement. Again, you pay a deposit at the start of the term, followed by monthly payments at a fixed APR. However, at the end of the agreement, you can either pay a pre-determined fee to own the car outright, hand it back and walk away or trade it in for a new model.

See our Car Finance Type Guide for more inforation