Matthew is a senior product executive on our car finance team. Matthew brought his wealth of car finance expertise to us in 2020 following four years at MotoNovo Finance in account management and product roles.
Matthew is the product manager for car finance, car buying and selling, breakdown cover, GAP insurance, MOTs & car servicing.
Matthew’s car finance tip:
“Car finance comes in a few different shapes and sizes depending on what you want from a deal. Whether you’re looking at HP or PCP, it's important to make sure you know the deal you’re getting before you apply.
If owning the car at the end of a deal is important to you, you don't want to have a mileage restriction and you don't mind paying more each month, then HP might be more suited. If you're not sure if you'd like to own the car at the end of the deal but want lower monthly payments and don't mind being limited on your mileage, PCP could be right for you. The other alternative is a personal loan where you'll get to own the car outright and have no limits on how many miles you can drive.”
Car finance guides
Car finance jargon buster
Are you confused about all the car finance acronyms and phrases? From hire purchase to APR, we clear things up with our car finance jargon buster.
What is personal contract hire? What you need to know
Thinking of leasing a car? Our guide to personal contract hire tells you all you need to know.
Voluntary termination: how to cancel your car finance agreement early
Want to know if you can cancel a PCP or HP agreement early? We take a look at your rights.
Guarantor car finance
Consider the pros and cons of getting a guarantor before you make a decision.
How to improve your credit rating
Looking to use finance to buy a car? How much you can borrow is based on your credit score.
Car finance for young drivers
If you’re a young driver or student looking for car finance, it can be confusing to work out the best deal. Find out your options here.
Ways to finance your next car
Bad credit car finance
is a type of loan available to those who have a poor credit history and have been unable to borrow elsewhere.
PCP
is a flexible form of car finance, giving you the option to buy the car at the end of the agreement.
Car leasing
is essentially a long-term rental agreement for a car lasting up to two, three or four years.
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