Car Finance FAQs
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The minimum amount we look to finance is £25,000, with no upper limit.
We are able to finance most vehicles, typically our customer base are looking to finance Range Rovers for Business Use, or supercars such as Lamborghini, Porsche and Ferrari.
Yes, you can buy a car from any registered dealer.
As soon as you find a car, call us on 0845 600 4420.
Be ready to provide the car registration number and price, existing mileage on the car, your annual mileage and whether it will be in your personal or business name.
Typically the finance will be agreed within 24 hours.
The finance documents are then produced and made available for you to sign, at which stage we will require proof of address and date of birth. Once the paperwork has been completed, the finance is paid direct to the dealer within 48 hours.
Hire purchase (HP) and Personal Contract Purchase (PCP) are the two predominant forms of car finance.
A HP is the traditional and simplest form of finance. The cost of the vehicle you are buying is spread over an agreed length of time, between 2 to 5 years and an agreed fixed interest rate is attached to the loan with the loan paid back over equal monthly instalments.
A PCP is essentially a Hire Purchase agreement; however part of the loan is not paid off during the loan term but as a single payment at the end of the loan period. This payment has several names – a residual, balloon or guaranteed future value, but is essentially a lump sum that is owed on the car. None of this residual amount is paid off with your monthly payments and a PCP contract will typically provide lower monthly instalments. PCP contracts are well established in the new car market and gives the customer to hand the car back at the end of the agreement.
Fast n Funded does not offer PCP car finance but it offers Hire Purchase with a balloon at the end for a final payment, with no option to hand back at the end of the agreement
Working with a large panel of lenders means we can help customers with a range of credit histories to get car finance, and we’re frequently able to help people with fair credit.
No two customers are alike, so we’d look at your application in more detail to make sure we tailor a quote to your needs. We’ve got a number of options that would be suitable for customers with fair credit, so we’d be hopeful of being able to help you to get a competitive finance deal in place.
Yes, when you have made all the payments the car is yours, and of course should you wish to settle early or part exchange your car before the end of your agreement this is perfectly fine.
We’re often able to help finance cars for customers where their bankers cannot. It does not mean that the customer has been declined finance, it may just mean the bank’s lending policy restricts them offering finance for some customers; typically high net worth (HNW) customers.
Start Your Journey Today
Give us a call to discuss financing your dream car
As an authorised credit broker, Fast ‘N’ Funded will introduce you to a selected group of lenders with a view to funding your vehicle.
We do not charge customer fees, we receive an introductory commission from finance companies for fulfilled transactions.