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Almost certainly if you have a good credit history.
PCP is more flexible than, say, leasing so you stand a good chance of getting a PCP deal with bad credit. However, a person with a low credit score is seen as a risk by lenders, which means you could be charged more interest.
Annual percentage rate (APR) includes interest and any administration fees.
A soft credit search checks your credit history without affecting it, no matter how often it’s done. A hard credit search is used when you apply for a loan or a finance deal – and if you have a poor credit history, it could negatively impact your score
If you have a good credit history, there’s little reason why not.
When it comes to HP, people with bad credit aren’t considered too much of a risk. This is because, until the final payment is made, the lender owns the car, and if the borrower misses any payments, the lender can choose to seize the vehicle.
It stands for annual percentage rate; it includes interest for a whole year plus any admin fees.
Contact us
If you have any questions about vehicle financing with Vindis, please don’t hesitate to contact us.
F Vindis & Sons (Bedford) Ltd, F Vindis & Sons (Peterborough) Ltd, F Vindis & Sons (Sawston) Ltd, F Vindis & Sons (St Ives) Ltd and Vindis Group Ltd, is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows F Vindis & Sons (Bedford) Ltd, F Vindis & Sons (Peterborough) Ltd, F Vindis & Sons (Sawston) Ltd, F Vindis & Sons (St Ives) Ltd and Vindis Group Ltd, to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.
