FREQUENTLY ASKED QUESTIONS

At Fast Car Finance we have no allegiance to any particular manufacturers, although typically we finance Luxury, Performance, Prestige, Sports and Family cars. We have significant experience in providing finance for  Aston Martin, Audi, Bentley, BMW, Ferrari, Jaguar, Lamborghini, Land Rover, Lexus, Mercedes, Porsche, Volkswagen and Volvo marques. View our approved car financing examples to see how we have helped other clients secure their new car.

Yes we finance both new and used cars, view our approved car finance examples for further details.

Our preferred minimum loan amount is  £7,500 with no upper limit. Our free to use Car Finance Calculator is designed to give you an indication of your likely car loan repayments.

For standard motor cars we can finance vehicles that will typically be up to ten years old at the end of the finance agreement. So (for example) we can finance a five year old car over a maximum five years and a seven year old car over a maximum of three years.

We would prefer not to get involved in arranging finance for cars that are being purchased privately and that includes motor traders who are operating from a home or a  residential address. However, if the car is of high value (typically over  £25,000) we may be able to arrange finance. Please contact us for further details.

Initially, we just require our clients to complete an  application form. This can be found on our Apply Now page. We will review this once received and contact you if we believe the underwriters will require further information to support your finance application. Alternatively please call us and we can discuss your application over the telephone.

A pre-approval is a finance arrangement that has been agreed based on a sum of money required, but when a customer doesn’t know the exact car they want to buy.   This pre-approval will last typically 60 days, although if after this time you have not yet found a car we can arrange for the facility to be renewed, subject to confirming that your financial and personal circumstances are still the same.

Rates of interest and terms of borrowing are dependent upon a number of factors to include your credit rating, residential status, required loan amount and the age of the car you are purchasing. In addition the prevailing rates of interest at the time of your application will also have an effect. We are happy to provide you with an individual formal written quotation unique to you, please contact us and we will arrange this.

Conditional Sale, Hire Purchase, Lease Purchase (or Hire Purchase with a Balloon), Personal Contract Purchase (PCP), Personal Loan and Contract Hire.

We will ensure that a check on the vehicle is made with the HPI Register prior to your taking delivery of the car. HPI should report back any prior accident damage that may have resulted in the vehicle being an insurance write-off. Alternatively, if the car is still the subject of an existing finance agreement we will ensure this is cleared as part of our approval process.

Yes, finance for business users is also available through our sister company Thames Valley Asset Finance Limited They provide advice on all aspects of motor finance for business and fleet users, please telephone 0333 1212 400 for immediate assistance or e-mail  enquiries@tvaf.co.uk.

It’s simple, once you have advised us that you have found your car, we arrange to contact the supplying dealer. We will then organise for the dealer to issue an invoice to us and we can then draw up the finance documents for you to sign. Once these are signed by you, we liaise with the dealer to ensure that the car is paid for prior to the scheduled delivery date. Once payment has been made the car is yours to collect.

Our preference is not to get involved in the sourcing of your motor car as the purchase is personal to each individual customer and we all have different tastes and requirements in terms of colour, interior trim and other options. However, if you know exactly what you are looking for and simply cannot find a suitable car to buy, then please contact us. We work with a number of motor dealers and can put you in contact with one or more of them to help you locate your dream car.

If you wish to keep your car finance repayments to a minimum, you may wish to consider a balloon payment. A balloon payment is a lump sum, usually payable at the end of the loan. Typically the amount of the balloon is calculated by Fast Car Finance and this amount is based around the likely value of the car at the end of the loan taking into account its age and future mileage. As a guideline, balloon payments are set as follows;

2 year loan – 40% of the cars purchase price

3 year loan – 35% of the cars purchase price

4 year loan – 30% of the cars purchase price

If you have a particular car in mind please contact us and we can provide an accurate valuation and finance quotation. Alternatively our free to use car finance calculator gives you unlimited car finance quotations.

No, Fast Car Finance do business with independent garages as well as franchised dealer groups. However, for your own protection it is important that any supplier is reputable and will be there to assist you if a problem arises after you have taken delivery. We are keen to make sure that you are buying your car from a reputable source, as a general rule we would expect the supplying dealer to meet the following criteria;

Have been trading in excess of three years

Have a showroom/forecourt

Hold a valid Consumer Credit Licence

Still unsure if the supplying dealer is suitable? Please contact us.

Yes, if you are interested in purchasing an older prestige sports car such as an Aston Martin, Ferrari, Lamborghini or Porsche then please contact us. Typically the car will need to cost over £25,000 and also must be coming from a reputable supplier. Furthermore other “restricted” terms and conditions for finance may apply; this could be a reduced term or a higher rate of interest. We have substantial experience of financing classic and exotic cars for clients and welcome all genuine classic car finance enquiries.

Please contact us if you are interested in purchasing a car that is left hand drive, specific terms and conditions apply and we can advise you.

Is your question not answered here? Contact us to find out how we can help “put you in the driving seat”. Alternatively our free-to-use Car Finance Calculator is designed to give you an indication of your likely car loan repayments.

The Consumer Credit Act 1974 does not allow you to transfer your agreement to someone else’s name.Therefore if you are a private individual, sole trader or partner in a partnership and your agreement is regulated by this act we cannot transfer it into somebody else’s name. If the agreement is in a Limited Company name, however, it falls outside the scope of the Consumer Credit Act. Provided the reason for transfer isn’t due to bankruptcy or the company being dissolved, you may be able to change it into another limited company name. This will vary from Lender to Lender and you might have to pay a fee for the service.