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Car finance

Buying a car on finance lets you spread the cost over a few years. You can tailor your agreement depending on how much deposit you want to put down, and how much you want to pay per month.

Motorpoint employee with 2 customers

What car finance options are available?

We offer Hire Purchase (HP) or Personal Contract Purchase (PCP) when buying your nearly new car from Motorpoint. Both used car finance options can be tailored to suit your needs and your circumstances, and you can start your agreement safe in the knowledge that your rates and monthly payments won’t change for the duration of your agreement.

This means you pay for a portion of the car’s value every month throughout the finance period. You won’t be financing the car’s total cost, so the monthly repayments are usually lower for PCP compared to HP.

Once the finance period ends, you can pay a balloon payment to own the car outright. If you don’t want to pay the balloon, you can hand the car back to the finance provider. At this point, you can walk away with nothing to pay, or roll any positive equity into a fresh PCP agreement on another car.

PCP deals include mileage limits and condition restrictions so, if you’re handing the car back, you’ll be charged for any excess mileage or damage beyond normal wear and tear.

Car with graphics

This sees you pay back the vehicle’s whole value over the course of the finance agreement. Once the term is up, you’ll own the car outright.

Your monthly payments for HP will be more expensive than the same car financed with PCP, but there’s no balloon payment at the end of the agreement.

Plus, because you’re not handing the vehicle back, there are no limits on the vehicle’s mileage or condition.

Car with graphics

How does car finance work?

Choose your car

Shop a range of cars. You’ll often find each includes a representative finance quote – pay attention to the monthly repayments, the deposit and, for PCP finance, the final balloon payment. Make sure the deal is affordable before applying.

Apply for finance

Once you’ve chosen your car, put in an application for either PCP or HP finance. Your Motorpoint representative will be happy to guide you through this process.

Put down an initial payment

You can put down an initial payment upfront – often called a deposit. This is optional but does reduce the overall amount you need to finance, lowering the amount of interest you’ll pay.

Make monthly repayments

The car’s cost is broken into affordable monthly payments. Finance agreements typically run between two and five years.

End of the agreement

Once the finance agreement ends, PCP buyers can pay the balloon payment to own the car. Or, hand it back with the option to roll any positive equity into a new PCP agreement. HP buyers own the car outright at the end of the agreement.

Why choose Motorpoint car finance? 

  • Competitive rates – All Motorpoint vehicles are available with 12.9% APR finance. 
  • Easy application – Apply for finance online, over the phone or at any of our stores. 
  • Flexible terms – Decide whether you want to pay a deposit and tailor your monthly payments to your budget. 
  • Fixed payments – Finance terms available for up to five years, with fixed interest rates and payments. 
Couple looking at tablet


Our finance partners

We work with a selection of trusted partners to help find the perfect car finance plan for you.

Black Horse

Black Horse is part of the Lloyds Banking Group and is a leading car-finance provider. The company has won several recent awards for its customer experience.


MotoNovo are part of the Aldermore Group, and have specialised in car finance for over 40 years.


Startline is a specialist car finance lender, who offer flexible finance options to customers.


Marsh Finance are an independent car finance company, tailoring car finance options to meet the needs of customers.

*available through our broker. Speak to a member of our team for more info


Your car finance questions answered

Car finance guides

PCP is one of the most popular types of car finance, offering low monthly payments. See if PCP is right for you and find out what to do when your agreement ends.

Buying A Car Using PCP - What You Need To Know

HP car finance is a way of buying a car by paying for it in monthly instalments over a fixed period and owning it outright at the end.

Volkswagen car key held up in front of blurry key board containing hundreds of other car keys

There are a handful of ways that you can sell a financed car and end the deal early. Our guide takes you through the options.

Motorpoint sales executive photographs a part-exchange vehicle