HP stands for Hire Purchase and PCP stands for Personal Contract Purchase, and these are the two main types of car finance agreements.

HP finance enables you to divide the cost of your car into monthly payments and at the end of your agreement, you will become the vehicle owner. With PCP finance, you will only pay for the vehicle's depreciation in value while in your possession and at the end of the agreement, you will return the car or make a balloon payment to keep it.

APR stands for Annual Percentage Rate. It includes the interest rate and all additional charges offered by finance providers.

The vehicle you purchase from us will never be overpriced.

A soft credit search involves a simple background check which won't affect your credit score, whereas a more intensive hard search will show up on your credit record and may affect your score.

To apply for used car finance, you will need your driving licence and you may be asked for proof of address and income.

Once your application has been accepted, you will be able to define the terms of your agreement, including your deposit and the contract length which will affect your monthly payment amount.

There are finance providers who specialise in bad credit car finance, so if you have a poor credit score, you may still be accepted. At Drews Motor Company, we work with a range of lenders to give you the best possible chance of being accepted for car finance in Wokingham.