Finance
FINANCIAL DISCLOSURE
Frank Roberts (Nelson) Ltd T/A Colne Car Centre are a credit broker and not a lender.
We can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We will provide details of products available from the lenders we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you.
We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow).
The lenders we work with could pay commission at different rates. However, the amount of commission we receive from a lender does not have an effect on the amount you pay to that lender under your credit agreement.
In the UK, you must be a resident and at least 18-years old and to be eligible for car finance. Credit scores are also considered, so the better your score, the more likely you are to be approved.
We have a finance calculator on every car advert page. This will allow you to explore your repayment options for that car based on differing deposit amounts and repayment periods.
You can apply for finance either online, in our showroom or over the phone. We can help you create a plan that meets your needs, answer any questions about any options you may have, and then complete the application for you.
When you apply, we will require employment details, three years’ address history, bank account details and a copy of your driving licence.
The decision is normally within the day once the proposal has been received by one of our finance partners.
You can settle your account at any time on both Hire Purchase (HP) and Personal Contract Purchase (PCP) agreements.
The cheapest way to finance a car would be with one, upfront payment, as there would be no interest to pay. If this isn’t an option, on a monthly basis, PCP is normally cheaper than HP finance. With PCP, there is a balloon payment for the outstanding value of the car at the end of your contracted term.
Financing your car includes the cost of the vehicle itself, plus interest and any charges incurred during the contracted payment term.
Some finance companies may offer to perform a soft check on your finances, which doesn’t impact your credit score. This will help you to gauge your eligibility. A full credit check, on the other hand, will be carried out when you apply for finance. Applying for finance a number of times can negatively affect your credit score, as lenders can see this as a risk.
We are Authorised and Regulated by the Financial Conduct Authority. 659484 Finance is Subject to status.
Registered Office. Frank Roberts (Nelson) Ltd. Colne Car Centre. 265 – 267 Burnley Road. Colne. Lancashire. BB8 8JD.
Company Registration Number. 879287
The General Data Protection Regulation (GDPR) came into place on the 25th May 2018, so at Colne Car Centre, we want to ensure that you are happy to receive our emails which we always aim to be of relevance and interest to you.
We can only continue to communicate with you if you give us your consent to do so.