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How our Finance Works

You can apply for finance once you’ve chosen your car and either select ‘Buy this Car’ or alternatively (as many of our customers prefer) speak to a human to help guide you through the process. Tailor your payments and spread the cost of your car over 24 to 60 months by choosing PCP (Personal Contract Plan) or HP (Hire Purchase).

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Get a quote

Use our calculators to get a finance quote, with HP or PCP plans to suit you. Deposit from as little as £0. You can also use your Part-Exchange as deposit and top-up with extra cash if you need to.

Apply online

Applying online is easy following a few simple steps, we’ll ask about things like address and employment history to get you a tailored finance offer.

Alternatively, speak to a friendly member of our team who will be happy to help guide you through the process.

Get approved

Getting approved is easy and normally only takes a few minutes. Once accepted simply complete your e-sign from the comfort of your own home. The rest is easy.

Sit back and relax

Once all of the above has been completed. The only decision left to make is... do you want to collect your new Premium Car in as little as 48 hours or arrange a stress free delivery direct to your door.

The difference between PCP & HP?


Personal Contract Purchase

Personal contract purchase, or PCP for short, is a flexible car financing option that can offer lower monthly payments than a personal loan or hire purchase (HP) car finance agreement.


Hire Purchase

Hire purchase is a way to finance buying a new or used car. You (usually) pay a deposit and pay off the value of the car in monthly instalments, with the loan secured against the car.

Finance explained

We know understanding Car Finance can be quite tricky and there are plenty of questions you may have. We also know that it is nice to speak to a human, that’s why our friendly team are always here to help.

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Did you know?

We can also settle the finance on your existing car. Meaning you may be able to upgrade your car whilst you are still in your current finance agreement.

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Complete Peace of Mind.

Should you change your mind, don’t worry!
We offer a 7-day money-back guarantee.


The cost of your loan depends on:

  • how much the car costs
  • your deposit amount
  • the length of the term you choose - between 36 and 60 months
  • the interest rate you are offered.

APR (Annual Percentage Rate)
This means the amount of interest you’re charged each year, on top of what you’ve borrowed

You can also part-exchange your current car which will reduce the overall cost of your new car.

Make sure you can commit to the term of the loan, and that you can afford the monthly payments on top of your usual spending.

To apply for car finance with cinch, you need to:

  • have a driving licence - full or provisional
  • apply with the same address that’s on your licence
  • be able to pay a deposit of at least £250 or put your part-exchange towards the cost.

Car finance is subject to credit checks - it might be helpful to check your credit score before you apply

In the application, you’ll be asked for:

  • your name
  • date of birth and nationality
  • your recent address history
  • your employment status
  • your income and outgoings.

You’ll also be asked for your bank account details - this is so we can check that it’s really you applying.

When you submit, your application will go to our panel of lenders to see if they can offer you finance.

You’ll get an email to let you know if you’ve been approved or not. You can then view your finance offer.

Your tailored finance offer will show all the details of your loan.

If you’re happy with the offer, you’ll have 5 days to confirm it and sign.

ID check and sign

To confirm your offer, you’ll need to upload your ID for a check and sign digitally with our lender.

At this stage, you will need to:

  • upload a photo of your ID, like passport or driving licence
  • and upload a photo of your signature.
  • and then come back to cinch to book your delivery.

HP (Hire Purchase) and PCP (Personal Contract Purchase) are types of loans that help you pay for a car.

At cinch, you can choose to pay over 36 to 60 months.

With HP you:

  • put down a deposit, from £250
  • pay monthly payments over a set time
  • own your car at the end of the plan.

If you want to end the agreement early - wear and tear charges may apply.

With PCP you:

  • put down a deposit, from £250
  • pay monthly payments over a set time
  • keep, hand back or part exchange the car at the end - with an optional final payment if you choose to keep the car.

If you want to hand back the car - this is subject to mileage and condition (excess mileage and damage charges may apply).

If you part exchange at the end - this is subject to paying off your existing finance agreement and new credit agreements. New credit agreements are subject to status.

It’s important to give an accurate mileage if you apply for PCP. If you drive more miles, you’ll have to pay an excess mileage charge

We hope this has helped you.

Our friendly team are always available if you have any more questions.

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