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Car Finance

Part Exchange with us and cut out the middleman.

At Junction 17 we make buying your next car easy. Walk into either of our Peterborough or Nottingham dealerships or apply online, and you’ll find flexible finance deals via our panel of leading UK lenders. The direct relationship we have with each carefully selected lender enables us to provide our customers with some of the best deals on the market.

Quick and easy.

Our team are experts in the Finance field
If you’re thinking of buying a car, apply online and you could be pre-approved in minutes. Our Finance Calculator provides accurate and quick responses for both HP and PCP quotes, based on the car price, monthly budget and the term of the loan. Our calculator allows you to adjust your payment plan until you're happy with your quote. It really is that simple.
If you would prefer to speak to someone in person, we offer Finance solutions in both our Peterborough and Nottingham dealerships. Our team are experts in the Finance field and will help get you the best deal based on your budget. You’re in control, you choose your deposit and your payment terms, and we ensure you get the most competitive finance plan available. So, pop in today and meet with one of our advisors who will carefully guide you through the process.

HP versus PCP

Payment plans to help protect your investment
Our expert advisors will help recommend which payment option best meets your needs, offering affordable payment plans to help protect your investment. Junction 17 approves a wide range of finance deals each month, catering for all types of customer and credit history. We endeavour to supply affordable car finance regardless of past credit history or circumstance, so we’re confident we’ll find the right car finance solution for you.

Which Car Finance option makes sense?

Finance packages provide a cost effective and flexible way to purchase your desired car, but choosing the right finance option for you can be a tricky decision. So, to makes things a little clearer we have outlined the differences between PCP and HP, two of the most popular options for car finance.

PCP - A flexible choice

Get the car you want within budget
PCP is a popular Finance choice due to the affordable monthly payments, low deposits and flexibility. Drivers can choose whether to buy the car or return it at the end of the contract. This enables you to get the car you want within budget, while spreading the cost. If at the end of the contract you decide to keep the car, there is an optional final payment (called a balloon payment). Alternatively, you could exchange it for a new model and start a new contract, or simply return the car and walk away

HP – A fixed Choice

Budget with confidence
Hire purchase is one of the simplest forms of finance. This is ideal if you are looking for a finance agreement with the option to own the car at the end of the agreement. Hire Purchase offers favourable interest rates, and the cost of the car is split across a deposit and several monthly payments. Repayments are fixed throughout the agreement, allowing you to budget with confidence. Once you’ve fully paid these, you will own the car outright.

How do they compare?

PCP vs HP
With both PCP and HP you don’t legally own the car until you’ve made all of the payments and both let you pay an upfront deposit and a series of monthly payments.
If you're someone who likes to change their car every three years, and you're looking for low monthly payments then a PCP deal might suit you. If you prefer to own your car at the end of your monthly payments without paying a final lump sum, then a HP deal offers this.

Junction 17 Cars Ltd - Company No.: 07173193. Registered in England & Wales

Registered Office: 1 Kestrel Way, Eagle Business Park, Yaxley, Peterborough, PE7 3GP