Finance
Looking for flexible and affordable car finance in Leicester? At Sturgess of Leicester, we make it simple to find a great deal on your next vehicle. Whether you're exploring cars on finance in Leicester or want expert advice on the best options available, our team is here to help. Many drivers across the UK choose finance to make purchasing a car more manageable, and local drivers in Leicester choose Sturgess for our transparent process and long-standing reputation.
Established in 1897, Sturgess of Leicester has been helping people in the local community get behind the wheel for well over a century. We combine this heritage with a modern, customer-focused approach, ensuring you get the best advice when looking for Leicester car finance and the widest choice of cars on finance Leicester has to offer.
What is Car Finance?
Car finance is simply a way to spread the cost of a vehicle over an agreed period, rather than paying the full price upfront. People often choose it because it offers flexibility, makes upgrading to a newer or better vehicle more affordable, and allows them to manage their cash flow.
It's a popular choice to secure a car on finance in Leicester. At Sturgess, we focus on the two most popular and straightforward types of agreements: Personal Contract Purchase (PCP) and Hire Purchase (HP).
Why Choose Us for Car Finance in Leicester?
When looking for used car finance in Leicester, choosing a local, trusted dealership like Sturgess offers significant advantages over faceless online brokers.
Trusted Local Dealer
We're a long-established, family-run business with deep roots in the community, providing a level of care and accountability that brokers can’t match.
Easy to Find Dealership
While we're not based right in the city centre of Leicester, we're incredibly easy to reach in Anstey.
Trusted Finance Partners
We are an FCA-approved dealership, working with reputable finance partners to give you peace of mind and competitive rates.
Aftersales Support
Our relationship doesn't end when you drive away. We offer comprehensive aftersales support, including servicing, MOTs, and repairs, ensuring your car stays in top condition. Every vehicle comes with the assurance of the Sturgess Stamped programme.
Free Finance Check
You can easily get an idea of your finance options without impacting your credit score. Simply click on your chosen vehicle, scroll down and locate the "Free Credit Check" button and you can get a free credit check!
Leicester Car Finance Options
Sturgess offers two main finance options designed to suit different needs and budgets, whether you're looking for new or used car finance in Leicester.
Personal Contract Purchase (PCP)
PCP is often the most flexible choice. It involves lower monthly payments compared to HP because you defer a large portion of the cost (known as the Guaranteed Future Value or GFV) until the end of the agreement.
- Simple Terms: Low monthly payments, as you're only financing the car's depreciation.
- Flexibility: At the end of the term, you have three options: pay the GFV and own the car, return the car, or use any positive equity as a deposit on a new vehicle.
- Ideal for: Drivers who like to change their car every few years and prefer predictable, lower payments.
Hire Purchase (HP)
HP is a straightforward way to own the vehicle outright. You pay fixed monthly payments, and once the final payment is made, the car is legally yours.
- Simple Terms: Fixed monthly payments covering the full cost of the car, plus interest.
- Ownership: You gain ownership of the car once the final payment is made.
- Ideal for: Buyers who want eventual ownership of their car and don't mind slightly higher monthly payments than PCP.
Other Finance Types
While we believe PCP and HP are the best options for most private buyers looking for car finance in Leicester, you may hear about other types of finance:
- Balloon Hire Purchase: Similar to standard HP, but includes a mandatory, deferred 'balloon' payment at the end to reduce your regular instalments.
- Business Contract Hire: Involves leasing a vehicle for an agreed term, often covering running costs. This is typically used by businesses to claim back VAT and simplify vehicle disposal.
Please note that at Sturgess, we do not currently offer Balloon Hire Purchase or Business Contract Hire.
Different types of car finance
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PCP Car Finance
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Hire Purchase Car Finance
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Lease Purchase Car Finance
The lenders we work with are:
Black Horse Finance | MotoNovo Finance | Alphera Financial Services | Santander | FCA Financial Services | CA Auto Finance | DSG Finance | CarFinance247
How Car Finance Works at Sturgess
Browse our used car stock
Explore our extensive selection of quality used car stock.
Calculate your payments
Once you've found a car you love, use the tools on the page to choose your preferred finance option (HP or PCP) and calculate your payments based on your deposit and term. You can also get a free credit check on this page to see your options.
Apply online
Complete our quick and simple online application form.
Get approved, sign, and drive away
We'll quickly process your application, and once approved and signed, you can collect your new car.
We make it convenient to apply either online or in-person at our dealership.
Apply For Car Finance in Leicester Today
Ready to get behind the wheel of your next vehicle? Whether you’re looking for used car finance in Leicester or simply exploring your options, Sturgess of Leicester is here to help.
Use our simple online tools to check your finance options or speak to one of our friendly experts. As an FCA-regulated, long-standing local dealer, we provide a transparent and trustworthy path to your next car. Remember, you can get a free finance check to see your options on any vehicle in our stock - making it easier than ever to find the best cars on finance Leicester has to offer.
Leicester Car Finance FAQs
Do I need a deposit for car finance?
While some lenders offer "no deposit" options, providing a deposit is generally beneficial. A deposit shows the finance provider commitment, can improve your chances of approval, and can sometimes reduce your monthly payments, making your car finance in Leicester more affordable overall.
What’s the difference between PCP and HP?
With HP, you will own the car outright once the final payment is made. With PCP, you have the option to buy the car at the end of the term, but you are not obliged to. PCP usually offers lower monthly payments but does not guarantee ownership.
Can I reserve a car online?
Yes, you can secure your chosen car online with a reservation fee of just £100.
Can I part-exchange my current car?
Yes, we welcome part-exchange. The value of your current vehicle can often be used as the deposit for your new car finance agreement, further reducing your monthly costs.
Do all used cars from Sturgess come with a warranty?
Yes. All qualifying used vehicles from Sturgess of Leicester are part of the Sturgess Stamped programme, which means they come with an extensive package of checks, benefits, and a comprehensive warranty for your peace of mind.
General Terms and Conditions:
Please note you will not own the vehicle outright until all payments are made. If you default on your finance payments, then the vehicle may be repossessed by the finance provider. You must be 18 years or older to apply for finance. Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances. The finance provider will have their own Terms and Conditions; please contact them directly for further information.
For more information please call 0116 490 9654 or complete the form below and we will be in touch.