Used Car Retailer of the Year 2023

020 8969 5511
Open Today: 10am - 7pm

Car Finance

Same Day Finance Available with Cargiant

Our mission has always been to make buying a used car easy and hassle free

As a credit broker, not a lender, we have partnered with the UK's leading finance partners, including Blackhorse and MotoNovo. This allows us to offer a range of finance options for your personal circumstances, including flexible deposit options which could start from a 0% deposit.  

We understand that taking finance can sometimes be daunting so we have explained the two finance products we have available below. After which you can follow our straightforward online application, our award winning finance team will then be in touch to help you along the way. 

Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) is a popular way to finance used vehicles, providing lower monthly payments compared to a Hire Purchase (HP) agreement. With PCP, you finance the difference between the car's initial value and its guaranteed future value, which is determined at the beginning of the agreement. 

At the end of the PCP agreement, you have three options: 

  1. Return the car to the lender
  2. Purchase the car by paying a final balloon payment (which is the predicted guaranteed minimum future value)
  3. Part exchange your vehicle - any equity remaining in the vehicle can be used as a deposit on a new car. 

PCP offers affordability as you are only financing part of the car's value. You are instead deferring a large sum to the end of the agreement, which reduces the monthly payments and allows you to choose a newer and more expensive car. If you do not want to pay the final balloon payment and own the vehicle at the end of the agreement, a PCP offers flexibility at this stage, making is suitable for you if you want the ability to switch cars regularly. 

However, if you want to own the vehicle, PCP may not be the ideal solution as you don't own anything until the final balloon payment has been paid. If you choose to return the vehicle at the end of the agreement, there can also be additional charges for excess mileage or damage. 

Hire Purchase (HP)

A Hire Purchase (HP) agreement is a popular financing option for used cars. You will essentially hire the vehicle over a specified period with the aim of owning it at the end. The lender will remain the owner of the vehicle until the end of the agreement. 

You make the fixed monthly payments for the duration of the agreement which is typically 3-5 years, covering the full cost of the car plus interest. 

Once all payments are paid, including any option to purchase fee or completion fee which is detailed in the agreement, the car becomes yours. 

While an upfront deposit is typically required for a used vehicle HP agreement, there are 'zero deposit' options available depending on your circumstances. 

HP agreements are best suited for individuals who intend to own the car and are comfortable with regular payments over an extended period. It allows you to distribute the cost of your vehicle over time, making it more manageable and affordable. 

However, if you prefer to switch cars frequently, HP may not be the most suitable option as you must settle the agreement before owning the vehicle. This can be done by paying the remaining balance or part exchanging the vehicle with a dealer. 

Cargiant Car Finance Explained

Complete our Simple Online Application

Arrange your finance before you’ve even found your car. Our online application makes the process of applying straightforward. And, if you have already found your perfect car, simply tell us about the car and based on your personal circumstances let us do the rest.

Find your Perfect Car

Browse our website to find your perfect car. Then visit Cargiant where our finance advisors are on hand 7 days a week, or call us direct prior to your visit to put your mind at rest.

Confirm and Drive Away Happy

Once you’ve found your perfect car and your finance has been agreed then all there is left to do is drive away in your perfect car. Pending your personal circumstances and the car of your choice we may be able do this for you all in one day.

Join Thousands of Happy Cargiant Customers

We’ve received 1000s of 5* independent reviews over 45 years of heritage. Our customers rate us 5* across Trust Pilot an Independent Review site and happily recommend us to their family and friends.

Hire Purchase Car Finance FAQ's

1. How do I find out more about Car Finance?

Read our Car Finance section online. If you still have unanswered questions and don't feel ready to apply, then call us on *020 8964 7509* to speak to one of our Finance Advisors directly. Alternatively, come to Cargiant and speak to our Finance Advisors face to face. We're open 7 days a week until late every day.

2. What is Hire Purchase?
Car Hire Purchase is a form of car finance. With our hire purchase options you can spread the cost of your car in a way that suits you. We offer flexible terms ranging from 36 to 60 months. Whichever you choose, your standard monthly payment will never change. And because the loan is secured on a vehicle, your other credit needs are left undisturbed.
3. How much should I budget for my car?
Most financial advisors recommend that you don't spend more than 10 to 15% of your gross salary on your car repayment. But this depends on your other monthly outgoings such as your rent mortgage or bills.
4. How much deposit do I need for finance with Cargiant?
This depends entirely on the Finance Provider, but there are occasions where Finance can be arranged without a deposit. Our Finance Advisor will provide you with a full quotation and advise you on the various finance packages available. As soon as you finance has been approved.
5. What is Cargiant's APR?
The rate depends on various factors. These include the amount borrowed, term, total, charge for credit, doc fee, age of vehicle and also which of the finance companies we deal with who accept your application for credit. Our APRs are typically very competitive against other car dealers, saving you time and trouble.
6. What if I have a poor credit history?

A less than perfect credit history shouldn't stand between you and the car you need. That's why we work closely with customers with low credit scores. We always do our best to find solutions that suit everyone.

Car Giant Limited is registered in England and Wales with company number: 01407612. Registered office: 44 Hythe Road, London NW10 6RS.

Cargiant acts as a credit intermediary and only offers credit products from a number of carefully selected lenders including Blackhorse, Motonovo, BNP Paribas and Northridge who will pay us for introducing you to them.

Cargiant is authorised and regulated by the Financial Conduct Authority. Our FCA registered number is 307782.

Finance is available subject to status, to UK residents aged 18 years and over. Indemnities will be required. Conditions will apply depending on credit score status.

How To Find us

Where we are and when we're open

Our Address

44-45 Hythe Road

White City

London

NW10 6RS

1 mile from Westfield London

Opening Hours
Open until 10pm weekdays
Monday to Friday 10am - 10pm
Saturday 9am - 7pm
Sunday 10am - 7pm
Bank Holidays 10am - 7pm