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Car Finance Made Simple

Looking for car finance that suits your lifestyle and budget? At V12 Sports and Classics, we make the process straightforward, transparent and completely stress-free. Our free car finance eligibility check allows you to explore your options in minutes without leaving a mark on your credit file. It will not affect your credit score, giving you a risk-free way to see if you qualify and to secure a personalised finance quote.

Introducing Our Two Main Finance Solutions

We proudly offer two distinct and popular vehicle finance options: Personal Contract Purchase and Hire Purchase. Each option is structured to provide different benefits depending on your priorities, such as long term ownership or maximum flexibility.

Personal Contract Purchase (PCP): Maximising Flexibility

Personal Contract Purchase, widely known as PCP, is a highly popular and flexible car finance option that is characterised by having lower monthly payments compared to a Hire Purchase agreement on the same car.

The structure is straightforward. You pay an initial deposit and then make fixed monthly payments over the agreed loan term, which typically lasts between 2 and 4 years. These payments cover the depreciation of the vehicle’s value over that period, rather than the full price of the car itself.

At the conclusion of the contract, PCP offers you three clear and flexible choices:

  1. Keep the Vehicle: If you love your car, you can pay a final, pre agreed optional final payment, often called a balloon payment, to take full ownership.
  2. Trade it In: You can part exchange the vehicle for a new model, using any equity built up as the deposit for your next finance package.
  3. Return the Vehicle: You can simply hand the car back to us, with nothing further to pay, providing it meets the pre agreed mileage restrictions and fair wear and tear conditions.

PCP finance is an excellent choice for drivers who prefer lower monthly outlays, desire shorter contract terms, and appreciate the flexibility to upgrade their vehicle regularly.

woman pressing her phone

Hire Purchase (HP): The Straightforward Route to Ownership

Hire Purchase, or HP, is perhaps the most straightforward of our vehicle finance options, making it ideal if your main goal is to own the car outright.

With HP, you pay a deposit upfront, followed by a series of fixed monthly payments over a set duration, usually ranging from 1 to 5 years. The key difference is that every payment contributes towards the total purchase price of the vehicle.

  • Deposit: You make an initial payment upfront.
  • Monthly Payments: Pay fixed amounts each month
over the term of the loan.
  • Ownership: After completing all payments, 
the car is yours.

Once you have completed all the scheduled fixed monthly payments, you automatically take full ownership of the vehicle. HP is therefore the perfect solution if you are certain you wish to keep your vehicle for the long term and value a simple pathway to complete ownership without the concern of a final balloon payment.

Why finance with V12

Choose your term and deposit

Choose the deposit you would like to put down and whether you would like to spread the cost over 24, 36, or 48 months.

Flexible payments

Spread the payment of your new vehicle into monthly payments.

End of contract options

Choose at the end of the contract whether to pay the fee and keep the vehicle, part exchange for a new vehicle or return it (subject to mileage & wear and tear)

Start Your Journey Today: Get a Risk Free Credit Check

We believe in empowering our customers to make informed decisions without fear of harming their financial standing. That is why we offer a completely free finance credit check service.

This check takes just minutes to complete and is designed to gauge your eligibility for car finance options without conducting a full search on your credit history. This means the check will not appear on your credit file or impact your current credit rating. It is a quick, secure, and entirely risk free way to see your personalised options and receive a tailored quote, enabling you to start your journey to owning your next vehicle with absolute confidence.

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Representative example

Representative Example Hire Purchase

Vehicle Price Total Deposit Balance to Finance 60 monthly repayments Interest Charges Total Amount Payable Representative APR Customer Deposit Interest Rate Term Option To Purchase Fee
£12,480.00 £1,140.00 £11,340.00 £268.76 £4,785.60 £17,265.60 13.90% £1,140.00 7.25% 60 months £10.00
Used Cars

V12 Sports And Classics Ltd is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allow V12 Sports And Classics Ltd to act as a credit broker, not a lender, for the introduction to a limited number of lenders, and to act as an agent on behalf of the insurer for insurance distribution activities only. We are a credit broker and not a lender. We can introduce you to a carefully selected panel of lenders. We act on behalf of the lender for this introduction and not as your agent. We are not impartial, and we are not an independent financial advisor. Our aim is to secure a suitable finance agreement for you that enables you to achieve your financial objectives. You are not obliged to accept our offer, and we do not charge a fee for our services. If you purchase a vehicle, in the majority of cases, we will receive a commission from your lender for introducing you to them, which is either a fixed fee or a fixed percentage of the amount that you borrow. Different lenders pay different commissions for such introductions, and any such amounts paid to us will not affect the amounts you pay under your finance agreement; however, you will be contributing towards the commission paid to us with the interest collected on your repayments. Before we propose you to a potential lender, we will inform you of the likely amount of commission we will receive and seek your consent to receive this commission. The exact amount of commission that we will receive will be confirmed prior to you signing your finance agreement. All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required. If you use an external finance company to pay for your vehicle, there will be an external finance admin fee of £300 to cover administration costs.

Please note: Vehicle specifications shown on our vehicle detail pages reflect a typical vehicle of that model and year when manufactured. While we strive for accuracy, actual specifications may vary or have been modified. Do not rely solely on this information. Check and confirm that any features important to your purchase are present and that the vehicle meets your requirements before you purchase.

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Registered in England & Wales, The Midland Studio College, London Road, Hinckley, England LE10 1HQ. Company Number: 05861786. VAT Number: 896859727