Car Finance | Croydon, London | McCarthy Cars

Car Finance in London


When you choose an Approved Used car from McCarthy Cars, you also have access to tailored and competitive car finance plans.

Credit rating difficulties

Having a low credit score can often make it harder to get finance. We know that all of our customers are different – that's why we offer such a wide choice of cars. This also means we take individual circumstances into account for car finance. Whether you have bad credit or no credit rating at all, we will work to match you to a competitive, suitable finance plan.

PCP, HP or Personal Loan?

There are several different types of car finance, and it's always wise to research which one is right for you before making a decision.

Personal Contract Purchase (PCP) is a very flexible option. A balloon payment is deferred until the end of the finance term, making the monthly repayments lower. You have the option to purchase the vehicle or hand it back.

Hire Purchase (HP) is a traditional route to vehicle ownership. You make regularly monthly payments on the vehicle, and own the car completely when the finance term ends.

A Personal Loan is a straightforward loan used to purchase a vehicle. The interest rates can work out cheaper than for other types of finance, yet you will take on more personal responsibility for the loan amount. You can obtain a loan from your bank or building society if you have the required credit rating.

Contact us for more details on each of these car financing options.

RAC Approved

On Approved Used cars, we partner with the RAC to add a warranty to your purchase. These range from three-month to four-year warranty periods. You also have access to the RAC's Vehicle Asset Protector through us, which bridges the insurance gap if the car is stolen or written off before the finance plan is paid.

Free 'Drive-Away' insurance

We give you 'Drive-Away' insurance on your chosen car for free. This means you're instantly covered as soon as you drive off the forecourt. It gives you the freedom to use the car immediately, as well as the time to arrange the long-term car insurance you need.

For more details on car finance and to discuss your options, please get in touch with your nearest McCarthy Cars team. You can also request a quote online using the form provided on this page.


General Insurance & Consumer Credit

McCarthy Cars 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 allows McCarty Cars to act as a credit broker, not as a lender for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for the insurance mediation activities only.

McCarthy Cars work with a number of finance providers and brokers to find you the most suitable finance for your new car.

Finance Providers

Sub-prime finance

Sub-prime finance is not guaranteed and will cost more than finance provided by a prime lender. We will try to obtain finance for you but that there is no guarantee. It may be from a sub-prime lender, and if so, the cost of finance is likely to be at a higher rate than prime lenders offer.