Important Customer Update: We are OPEN for business but our showroom is closed due to government protocols around Covid-19. Our account managers are working remotely to help you reserve your next car, choose from 1,000 fully prepared used cars in stock or thousands more brand new car deals. All our cars come fully sanitised and we are offering a completely contactless handover & delivery process whilst maintaining social distancing at all times.
No, you do not need a deposit. Whilst a deposit can be useful, it is not a requirement and we work with lenders who offer finance options without the need of one.
Yes, you can part exchange your current vehicle when applying for a new finance agreement on a new car or van. This works by the value of the part-ex being used as a form of deposit or paying off existing finance on the new agreement.Obviously, the more value the part-ex has, the more of a deposit you will be placing on your new finance agreement.
If you are looking for car finance, you can enquire with our dedicated team of account managers. All you need to know if the type of car you want and your monthly budget. Our team will work with you to work out how much of a deposit you wish to pay, how long you want the finance agreement to last for and the type of finance option you want (based on your goals for the end of the term).With Hippo Motor Finance, you get a car and a finance agreement as one package, because we want to remove the hassle for you, the customer.
Car finance works by you purchasing a car over a set period of time instead of purchasing it outright with cash.This works by you choosing whether to place a deposit or not, followed by a series of monthly payments for the duration of the agreement. After that, depending upon your preferred finance option, you can either drive away as the owner of the vehicle without paying anything extra(HP), or you pay a final balloon payment to take ownership(PCP).
Bad Credit Car Finance
It depends on the time scale from when you were last turned down. If your circumstances have changed, there is a chance you could be accepted this time around. However, if your circumstances haven’t changed or enough time has elapsed, you will likely not be accepted for car finance.Representative Example: Loan Amount: £7,500, Total Cost Of Credit: £4,328.83, Representative 27.4% APR, Deposit Amount: £0, Loan Term: 48 months. Hippo Motor Finance is a trading style of Hippo Vehicle Solutions Ltd and are a broker, not a lender. Address: Trident Park, Trident Way, Blackburn, BB1 3NU. Contact Number: 01254 919000.
For those of you with poor or bad credit, there are bad credit car finance options available to you. If you have very bad credit and therefore cannot be accepted on car finance, there is the option of an accommodation loan, where a member of your family or friend can apply for finance on your behalf.Representative Example: Loan Amount: £7,500, Total Cost Of Credit: £4,328.83, Representative 27.4% APR, Deposit Amount: £0, Loan Term: 48 months. Hippo Motor Finance is a trading style of Hippo Vehicle Solutions Ltd and are a broker, not a lender. Address: Trident Park, Trident Way, Blackburn, BB1 3NU. Contact Number: 01254 919000.
We do have some finance lenders who accept Disability Living Allowance as a form of income. It doesn’t matter if it is your only form of income or if you supplement it with part-time work, there are a number of lenders who will accept it and our team are happy to advise on your options.
With regards to how much credit you can get, it all depends on how much you can afford. The more you can afford to pay with your budget, the more credit you can borrow.
With regards to how much you will pay for your finance agreement, it depends on how much you can afford. As long as you know your budget and the type of car you want, our team will be able to find you a deal that suits you.Our team will walk you through how much you can borrow depending on your situation. This includes your credit rating, your deposit, the type of car you are looking for and how long you want the agreement to be.When all that has been discussed and decided, you will have a quote on how much you can borrow to finance your chosen car and it is up to you how we proceed.
Hippos Range of Vehicles
If you are looking to end your finance agreement early, there are two ways of doing that. You can end it either through Voluntary Termination or through a Settlement Fee.A voluntary termination allows you to end the agreement without further payment if you are struggling to keep up with the payments. This results in your handing the car back to the finance company and walking away.However, if you want to end your finance agreement early and keep the car, you can pay a Settlement Fee. This requires you to pay off the remaining finance payments and interest in one go and take full ownership of the car early.
With regards to used cars, you can purchase maintenance packages with Hippo Motor Finance if you live in the Blackburn or the surrounding area.
No, we only offer finance on cars and vans, because we offer our customers the chance to get those vehicles and a finance agreement in one hassle-free package.
Yes, we do offer motor finance for vans whether they be for personal or business use.
Yes if through a Hire Purchase agreement because you are paying to take full ownership of the car without the option of handing it back.
No, we only finance cars and vans, because we supply both the vehicle and the finance agreement as one hassle-free package.
Yes, we have a large collection of cars already in stock. However, if we don’t have the car you want in stock, we can source any make and model from 2010 onwards.You can also finance vans with us as we stock all major makes and models. As long as you can afford the payments, you can finance any vehicle.
Anyone can apply for car finance as long as they have lived in the country for three years and have a driving licence. Those with very bad credit are also unlikely to be accepted on car finance straight away
Like all finance agreements, you must be at least 18 years old to apply for car finance. If you have recently passed your driving test at the age of 17 years old, you can wait a few months and apply when you turn 18.
Hippo Motor Finance worked with lenders who offer bad credit car finance deals for those who have been bankrupt previously.There is no guarantee of acceptance, but there is a guarantee of consideration.
For your business to be accepted for car finance, it must have been established and running for three years. This gives the lenders proof that your business is profitable and secure and therefore less of a risk when lending money to it.
You must have been a residence in the UK for at least three years before applying for car finance. If you are a citizen who lived outside the country for a period of time and returned to the UK, you must have been back for three years before applying.
When you enquire with us for a car and finance agreement, our team will run a credit check to see what your credit rating is. The better your credit rating, the more likely you are to qualify for car finance.However, if you have poor or bad credit, there are finance options available to you that allows you to get a finance agreement under certain circumstances. If you are rejected for car finance, you can get an accommodation loan where one of your family or friends gets the finance agreement on a car for you.
We offer three types of car finance agreement that you can get with your chosen car in one easy package.We offer Personal Contract Purchase (PCP) agreements that allow you to place a deposit, pay your monthly payments for the duration of the agreement and then either pay the balloon payment and take ownership or simply hand the car back.We offer Hire Purchase (HP) agreements that you can if you wish, place a deposit on, followed by a series of fixed monthly payments and then at the end you take full ownership without an additional payment involved.Our third option is a Lease Purchase (LP) agreement that you pay a deposit on, followed by monthly payments for the agreed period and at the end, you have to pay a balloon payment to take ownership of the car.
We do offer PCP finance agreements. They are our most popular option because of the flexibility they offer with regards to ending the agreement.With a PCP finance deal, you can pay a deposit, then pay a series of fixed monthly payments and at the end, you have the option of paying a balloon payment and taking ownership of the car or handing the car back to the lender.
Representative Example of Credit
We expect more than 51% of our customers to achieve this rate.
Total Cost of Credit
48 Monthly Payments
Total Amount Payable
We are a broker not a lender and our registered office is Trident Park, Trident Way, Blackburn BB1 3NU. Our contact number is 01254 919000