Automotive Finance
Drive your dream car today with flexible car finance options
At Pioneer Finance, we believe that owning your dream car should be an achievable goal. Whether you're looking to purchase a new, used, or even a classic, performance, or race vehicle, our tailored car finance solutions are designed to meet your needs. Enjoy competitive rates, flexible repayment terms, and a simple application process.
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Car finance
Overview
We are here to make finance on your new vehicle as smooth as possible. Whether it be a supercar, classic or race car, our dedicated team will work with you to find the best solution for you.
- Hire Purchase (HP)
- Personal Contract Plan (PCP)
- Bespoke Lease Purchase
- Auction Finance
- Equity release & refinance
- Advances between £15k - £5m
- Private Sale
Hire Purchase
(HP)
A Hire Purchase (HP) agreement allows you to purchase a car by paying in instalments over a fixed term (usually 12-60 months). You become the legal owner of the car once all payments are made. Typically, you'll pay an initial deposit (usually 10-40%, or sometimes zero), followed by monthly payments covering the remaining cost of the car.
Unlike a PCP, there is no balloon payment at the end, and you automatically own the car once the agreement is completed. A key advantage of an HP agreement is that there are no mileage limits.
Personal Contract plan (pcp)
A Personal Contract Plan (PCP) is a car finance agreement offering lower monthly payments than a traditional car loan. The key feature of a PCP is a balloon payment, a large final sum due at the end of the contract if you wish to own the car outright. Monthly payments are based on the car's expected residual value, which is determined by factors such as make, model, age, mileage, and condition.
At the end of the PCP agreement, you have four options: pay the balloon payment and own the car, return the car, trade it in for equity towards a new agreement, or refinance the remaining balance. PCPs are popular for those who prefer changing cars regularly with lower monthly payments and no long-term commitment to ownership.
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Bespoke Lease Purchase
A Lease Purchase, also known as Hire Purchase with a Balloon, allows you to finance a vehicle with lower monthly payments than a standard Hire Purchase agreement. By including a final balloon payment, you reduce your monthly instalments and can make a lump sum payment at the end of the term to own the vehicle outright. The deposit is flexible, and the term typically ranges from 12 to 60 months.
At the end of the contract, a large final balloon payment is due, which is a bespoke percentage of the car’s original price. Unlike a PCP, where the residual value is set, a Lease Purchase is ideal for bespoke assets like classic, race, or vintage cars, as well as prestige, luxury, and performance vehicles that may not fit the PCP criteria.
Auction Finance
At Pioneer Finance, we ensure you’re ready to bid with confidence by setting up a tailored credit line for car auction purchases. This pre-approved finance ensures you have the funds in place before the hammer falls, allowing you to focus on finding the right vehicle without worrying about last-minute approvals.
With competitive rates and flexible terms, our car auction finance solutions are designed to suit your needs. Whether you're a first-time bidder or an experienced buyer, we make the process smooth and stress-free, providing the financial backing you need to secure your dream car.
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Private Sale
When purchasing a vehicle from a private seller, we work with trusted lenders to provide flexible finance options. Our solutions allow you to secure the funds needed for buying a car from an individual, just as you would with a dealer. With our support, you can complete the purchase with confidence, knowing that the finance is in place.
We collaborate with lenders who specialise in private sale finance, offering competitive rates and terms tailored to your needs. Whether you're purchasing a classic, performance, or everyday vehicle, our finance options ensure a smooth and straightforward transaction with private sellers.
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Equity release & refinance
Equity release allows you to unlock the value tied up in your vehicle, enabling you to access funds for other purposes, such as a new purchase or investment. By using the equity in your car, you can borrow against its value without selling it. This option can provide flexibility for those looking to access capital while retaining ownership of their vehicle.
Refinancing, on the other hand, allows you to restructure your existing finance agreement, potentially lowering your monthly payments or extending the term to suit your financial situation. Whether you're looking to release equity or refinance to improve cash flow, we offer tailored solutions that help you make the most of your vehicle's value.
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Loans between £15k - £5m
We offer flexible financing for loan amounts ranging from £15,000 up to £5 million, tailored to meet your specific needs. .
For agreements under £15,000, we have alternative options available, such as personal loans, which offer a simple and straightforward solution for smaller amounts. These options ensure you can access the finance you need, whatever your budget or purchase.
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