Need Finance?

Wigan Cars is a trading style of Choice Affinity Solutions Limited. Our sister company is Choice Finance UK Limited, formed in 1999, is the largest independent motor finance broker in the UK, specialising in all types of vehicle finance. Operating from our headquarters in Northwich we have established a strong reputation for providing a fast, efficient and professional service to our customers.

There are a number of options when financing your vehicle. You can borrow the money from your bank or secure funding for the vehicle through a professional broker such as Choice Finance. Using Choice means we search the UK credit market for the most appropriate product matching your circumstances.

The main methods we use to finance customer vehicles include:

Hire Purchase (or HP)

Under a HP agreement, you may be required to pay an initial deposit followed by monthly payments (a portion of the money you borrowed plus interest) over an agreed period. At the end of this period, you have the option to purchase the vehicle for a small fee. What should you be aware of with Hire Purchase (or HP):

• the vehicle is not your property until you have made all the repayments
• you may settle agreement early by paying outstanding balance in full
• finance company can recover vehicle if you fail to keep up repayments

Personal Contract Plans (PCP)

PCPs are similar to hire purchase agreements but they allow people the opportunity to purchase a more expensive vehicle for a similar monthly payment. In essence an amount of the loan is defered to the end of the contract, this is estimated as the 'Future Value' of the car. At the end of the contract you have an option to return or purchase the vehicle for the agreed amount. So what's good about Personal Contract Plans (or PCP)

• deferred balloon payment available to reduce monthly installments
• provides flexible options at the end of the contract period
• the most flexible way for an individual to fund a vehicle for private use
• a % of the interest charges are refunded if you choose to settle early
• repayment protection in event of accident, sickness, unemployment or death
• option to protect against shortfalls in event of insurance write off claim

If you have been declined elsewhere or generally struggle obtaining credit.

Bad credit, poor credit, adverse credit - call it what you will, when it comes to getting car finance a less-than-perfect credit history needn't be a problem. Regardless of your credit history (which in car finance terms is scored from light adverse to heavy adverse), many car finance lenders will consider your application.

How did I get bad credit?

Poor credit can result from a number of personal circumstances, and it can happen to anyone. An increasing number of lenders appreciate this situation, and are prepared to lend to adverse credit car finance customers. Bad credit can be caused by anything (from a missed mortgage, a county court judgement, an IVA or a bankruptcy). People with no credit history and the self-employed may also find themselves having problems with car finance applications. Call us if you're in this situation and see if we can help where others can't.