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Car Finance

Car Finance

Everything you need to know about Car Finance explained in simple, easy to understand language.

Financing your car

So you have made the decision to finance your next car, however, now you need to decide which type of finance is the most suitable for you.

The decision is largely based on whether you will be using your car for business or personal use, whether or not you would like to own the vehicle at the end of your agreement and if you are happy to limit your annual mileage.

We will go through each finance product in detail but to save you time you can use our quick guide to help you:

Finance product

Business/personal use

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

Will there be a mileage limit?

Personal contract hire

Personal

No

Yes

Personal contract purchase

Personal

Up to You

Yes

Hire purchase

Business/personal

Yes

No

Finance lease

Business

No

Yes

Business contract hire

Business

No

Yes

Lease purchase

Business

Yes

No

Personal loan

Personal

Yes

No

Balloon hire purchase

Business/personal

Yes

No

Types of Finance

Select a finance type to learn more about it.

Additional Products

Protect your purchase with these insurance products.

Alternative Dispute Resolution (ADR) Process

Who regulates us?

PFIS Limited is authorised and regulated by the Financial Conduct Authority (FCA), 25 North Colonnade, Canary Wharf, London, E14 5HS. PFIS Limited’s Financial Services Register number is 312666.

You can check this on the Financial Services Register by visiting the FCA’s website http:www.fsa.gov.uk/register/home.do or by contacting the FCA on 0800 111 6768.

What to do if you have a complaint

If you wish to register a complaint regarding the sale of either a General Insurance policy or a Consumer Credit Agreement, please contact us either in writing to:

Customer Complaints Co-ordinator, Pendragon Finance & Insurance Services Ltd, Loxley House, 2 Oakwood Court, Little Oak Drive, Annesley, Nottingham, NG15 0DR or by telephoning 03333 239 255.

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. For more information, you can follow the FOS online at financial-ombudsman.org.uk.