Become a Eurodrive Approved Dealer
Frequently Asked Questions.
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General FAQs
What is Conditional Sale?
A Conditional Sale agreement means you’ll own the vehicle once all repayments are complete. It works like Hire Purchase but without the final “option to purchase” fee.
What does Representative APR mean?
Representative APR is the advertised interest rate that at least 51% of applicants are offered. The actual rate you receive may be higher depending on your circumstances.
What is a balloon payment?
A balloon (final) payment is a larger sum due at the end of a PCP agreement if you want to keep the vehicle. You can either pay it, refinance it, or return the car.
Do I need a deposit for car finance?
A deposit can improve your chances of approval and reduce monthly payments. Zero-deposit finance is possible but usually requires a strong credit score.
Why might I be declined for no-deposit finance?
Common reasons include poor credit history, low credit score, or incomplete application details.
What are the benefits of no-deposit finance?
You can secure a car without paying anything upfront — payments only begin when your contract starts.
Can I get finance with bad credit?
Yes. While approval is harder with a low credit score, we work with specialist lenders who may be able to help.
What credit score do I need?
There’s no strict minimum. Some lenders specialise in bad credit, while others require good to excellent scores (typically 670+). Check your credit score here for free.
Can I get car finance while on benefits?
Yes, some lenders accept benefits as part of your income if you meet their criteria.
Vehicle Finance FAQs
What is Conditional Sale?
A Conditional Sale agreement means you’ll own the vehicle once all repayments are complete. It works like Hire Purchase but without the final “option to purchase” fee.
What does Representative APR mean?
Representative APR is the advertised interest rate that at least 51% of applicants are offered. The actual rate you receive may be higher depending on your circumstances.
What is a balloon payment?
A balloon (final) payment is a larger sum due at the end of a PCP agreement if you want to keep the vehicle. You can either pay it, refinance it, or return the car.
Do I need a deposit for car finance?
A deposit can improve your chances of approval and reduce monthly payments. Zero-deposit finance is possible but usually requires a strong credit score.
Why might I be declined for no-deposit finance?
Common reasons include poor credit history, low credit score, or incomplete application details.
What are the benefits of no-deposit finance?
You can secure a car without paying anything upfront — payments only begin when your contract starts.
Can I get finance with bad credit?
Yes. While approval is harder with a low credit score, we work with specialist lenders who may be able to help.
What credit score do I need?
There’s no strict minimum. Some lenders specialise in bad credit, while others require good to excellent scores (typically 670+). Check your credit score here for free.
Can I get car finance while on benefits?
Yes, some lenders accept benefits as part of your income if you meet their criteria.
Specialist Vehicle Finance FAQs
Can I get finance for a supercar?
Yes, subject to meeting the lender’s criteria (usually an excellent credit score).
What are the benefits of supercar finance?
You can spread the cost instead of paying a large lump sum upfront, freeing up cash for other uses.
What is supercar equity release?
If your supercar has increased in value, you can release equity against it without selling.
Can I finance a classic car?
Yes, we work with lenders who specialise in classic and vintage vehicles.
What’s the oldest car you can finance?
Standard lenders usually stop at 12 years old, but specialist lenders can cover older classics.
Can I get classic car finance with bad credit?
It’s more difficult due to the high values involved, but some lenders may still consider it.
Can I finance a race car?
Yes, though strong credit and proof of income are usually required due to the higher risks and costs involved.
Sales Resources
Commission Disclosure in Motor Finance: Transparency Matters
