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PCP, HP & PCH Solutions
Used Car Finance
Car Finance in Manchester & Lancashire at HPL Motors
Flexible Car Finance Solutions - Get Approved in Just 60 Seconds!
Looking for car finance in Manchester, Lancashire, or the North West? At HPL Motors, we make getting behind the wheel of your perfect car easier than ever.
With over 30 years of experience and relationships with leading UK lenders, we offer tailored vehicle finance solutions for every situation - whether you have excellent credit, poor credit, or need zero deposit options.
Our promise: Honest advice, competitive rates, and finance solutions that work for you.
Check Your Finance Options in 60 Seconds With a Soft Credit Search
Find out what you could borrow without affecting your credit score, thanks to our free soft credit search that gives you an instant indication of your finance options across our panel of trusted lenders.Â
Unlike hard credit searches, this won't leave a mark on your credit file or affect your credit score in any way. All that’s left for you to do is choose your new car!Â
Your Complete Guide to Understanding Car Finance
Car finance allows you to spread the cost of your vehicle over a set period, making it more manageable than paying a large lump sum upfront. With finance now used for over 90% of UK car purchases, understanding your options is crucial to making the right choice for your circumstances.
Our handy table below provides a quick look at different forms of car finance:
| 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 |
Car Finance Options at HPL Motors
We work with a comprehensive panel of UK lenders to offer competitive rates across all the leading car finance products. Here's your guide to each option:
Personal Contract Purchase (PCP) Car Finance
Benefit from lower monthly payments with flexibility at the end.
How PCP Works:
- Pay a deposit (typically 10 to 20% of the car’s value)
- Make lower monthly payments over 2 to 4 years
- Payments cover depreciation, not the full value of the car
- At the end of the agreement, choose to either buy the car, return it, or part-exchange for another vehicle
This Option is Best For:
- Drivers who want lower monthly payments
- Those who like changing cars regularly
- People who want flexibility at the end of the agreement
- Drivers within typical mileage limits (6,000 to 15,000 miles annually)
Hire Purchase (HP) Car Finance
Benefit from straightforward ownership with fixed payments.
How HP Works:
- Pay a deposit (typically 10 to 20% of the car’s value)
- Make fixed monthly payments over 1 to 5 years
- Payments cover the full remaining balance plus interest
- You will own the car outright when the final payment is made
This Option is Best For:
- Drivers who want to own their car outright
- Those who prefer straightforward agreements
- High-mileage drivers with no restrictions
- People who keep cars for many years
Personal Contract Hire (PCH) Car FinanceÂ
Benefit from all-inclusive leasing with minimal responsibility.
How PCH Works:
- Pay an upfront deposit (usually 3, 6, or 9 months' payments in advance)
- Make fixed monthly payments over 2 to 4 years
- Return the car at the end of the agreement
- No option to purchase the vehicle, as essentially it's a rental agreement
This Option is Best For:
- Drivers who want the newest cars with the latest technology
- Those who prefer predictable monthly costs
- People who don't want to worry about depreciation
- Drivers within agreed mileage limits
Specialist Car Finance Solutions at Your Fingertips
Bad Credit Car Finance - Previous credit issues don't have to stop you getting a car
Poor credit doesn't necessarily mean no credit. Here at HPL Motors, we work with specialist lenders who understand that life happens, and past financial difficulties shouldn't prevent you from getting reliable transport in the future.
We Can Help With:
- County Court Judgments (CCJs)
- Individual Voluntary Arrangements (IVAs)
- Previous bankruptcy
- Missed payments or defaults
- Debt management plans
- No credit history
What to Expect:
- Higher interest rates than prime lending
- Smaller loan amounts initially
- Shorter agreement terms
- Opportunity to rebuild your credit score
- Same professional service and support
Zero Deposit Car Finance
Get driving without any upfront payment
If you don't have a deposit for a car, then it doesn’t have to be a problem. Zero deposit car finance allows you to drive away without any upfront payment, spreading the entire cost over your agreement term.
How Zero Deposit Works:
- No upfront payment required
- Slightly higher monthly payments
- Available on PCP and HP car finance agreements
- Subject to affordability and credit approval
Things to Consider First:
- Higher monthly payments than with a deposit
- May affect the total interest paid over the term
- Ensure monthly payments fit comfortably in your budget
Used Car Finance Across Manchester & Lancashire
Benefit from local expertise with regional coverage, thanks to our four strategically located showrooms. At HPL Motors, we proudly serve customers across Greater Manchester, Lancashire, and the wider North West.
All of our locations are open 7 days a week with evening and weekend appointments available - get in touch with us to find out more. Are you ready to get started? Begin your finance journey with HPL Motors today! Contact our finance team:
- General Enquiries: 0161 620 8773
- Email:Â [email protected]
- Live Chat: Available on our website during business hours
FAQs
- What are the benefits of car finance?
There are many reasons you may want to consider buying your car on finance - here are just a few that may complement your current circumstances:
- Preserve Your Hard-Earned Cash: Keep your savings for emergencies while still getting the car you need today.
- Access Better Quality Vehicles: Opting for finance often allows you to choose a higher-spec or newer vehicle than you could afford to buy outright.
- Spread the Cost: Make manageable monthly payments instead of one large payment.
- Build Credit History: Regular payments can help improve your credit score when managed responsibly.
- Flexibility: Choose from various finance products to match your ownership preferences and budget.
- What do I need to apply for car finance?
The essential documents you need include:
- Proof of identity, such as a valid UK driving licence or passport
- Proof of address, such as a recent utility bill, bank statement, or council tax bill
- Proof of income, such as recent payslips, bank statements, or SA302 if you’re self-employed
- Bank account details to set up a direct debit
Additional Information may also include:
- Details of existing credit commitments
- Employment information and length of service
- Annual income and regular outgoings
- Contact details for current and previous addresses
- How quickly can I get a finance decision?
Most applications receive a decision within 2 to 4 hours during business hours. Our soft credit search gives an instant indication of your options in just 60 seconds.
- How do I apply for car finance?
Here at HPL Motors, you can apply for used car finance in five easy steps:
- Step 1: Soft Credit Check - Start with our 60-second soft search to see your options without affecting your credit score.
- Step 2: Choose Your Car - Browse over 1,000 quality used cars across our four showrooms or let us know what you're looking for and we’ll do our best to source it for you.
- Step 3: Finance Application - Complete your full application with one of our car finance specialists, either online, by phone, or in person.
- Step 4: Documentation - Provide the required documents, and we'll guide you through exactly what's needed.
- Step 5: Decision & Collection - Receive your decision quickly, then collect your car from your chosen showroom.
- Will applying for finance affect my credit score?
Our initial soft credit search won't affect your credit score. Only when you proceed to a full application will a hard search be conducted, which could affect your score.
- Can I pay off my finance early?
Yes, most agreements allow early settlement. Although, be aware that there may be early settlement charges, which we'll explain clearly before you sign on the dotted line.
- What happens if I can't make a payment?
Contact us immediately if you're struggling. We can often help by speaking to your lender about temporary arrangements or payment holidays.
- What if my car is worth more than the guaranteed future value?
Great news! This means you have positive equity that can be used as a deposit on your next car, or you can sell the car privately and keep the difference.
- What are excess mileage charges?
If you exceed your agreed annual mileage, charges typically range from 3p-15p per mile, depending on the vehicle type and agreement terms. Bear in mind that these charges can quickly add up!
- What credit score do I need for car finance?
There's no minimum score - different lenders have different criteria you need to meet. We work with lenders who consider applications from customers with various credit backgrounds.
- Can I get finance if I'm self-employed?
Absolutely. We work with lenders who understand self-employed income. You'll typically need 2 to 3 years of accounts or SA302 forms.
- Can I finance any car on your forecourt?
Almost all our vehicles are available on finance, subject to the car's age, value, and condition meeting lender criteria. Please get in touch if you have a specific finance-related question about any of our used cars.