Car Finance Repayments | Bad Credit Car Finance

Representative example. Borrowing £7,500 over 4 years with a representative APR of 24.9%, an annual interest rate of 24.9% (Fixed) and no deposit, the amount repayable would be £238.10 per month, and total cost of credit would be £3,928.80 and the total amount payable would be £11,428.80*

Apply Now

How do I repay my loan?

When you come to collect the vehicle or if we drop the vehicle off to you, we will take you through all of the required paperwork before signing any documents.

Can I payback before the end of my loan?

Yes. At any point in the agreement you can early settle your account. An early settlement rebate will apply which is dependant on how far you are into your term.

What happens at the end of my Loan?

Once you have completed your final weekly / monthly payment, and paid the final payment, we will arrange for the transfer of ownership via DVLA. Any outstanding charges such as parking penalties, and London congestion charge on the vehicle, must also be cleared in full at this point.

Can I change to another vehicle?

Yes. You can change or upgrade your vehicle at any time. Please bear in mind that you only start to gain positive equity in your vehicle after the half way stage. Subsequently, a new deposit may be required if you want to change before then.

What happens if I need to terminate my agreement?

A hire purchase contract is a legally binding contract. If you need to terminate early, you will be liable to pay an amount equivalent to 50% of the total sum re-payable (known as the termination balance).

However, in most cases, we will work with you and try to reach an agreement where we will reduce this termination balance to either 1 or 2 months in the hope that you will consider using our services in the future. We believe that we are the only company that offers this facility.

What are my responsibilities?

You are responsible for insuring, taxing and MOTing your vehicle through the contract. Additionally, you must also service and maintain your vehicle as per manufactures guidelines. Finally, any vehicle being returned or changed must be in a fair wear and tear condition as per out T&C’s.

How do I re-pay my loan?

Re-payments are by standing order and can be made either weekly or monthly, whichever suits you best. We are not set up to take cash or card payments.

What warranty do I get?

All Lease2Buy vehicles are serviced and undergo a full 64 point mechanical check. We provide a 1 month comprehensive warranty. We also highly recommend that you purchase your own additional warranty for peace of mind. We are happy to suggest a few companies for you to consider.Our bad credit car finance is flexible and designed to get you on the road!