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Car Finance


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?

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.

Why finance through a dealership?

What is Hire Purchase?

What is Personal Contract Purchase?

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

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

Junction 17 Cars Ltd are a credit broker and not a lender. We are Authorised and Regulated by the Financial Conduct Authority. FCA No: 673249 Finance is Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. Data Protection No: ZA059229

Quotations are given on the assumption that the Government levies remain unaltered. In the event of such changes, the buyer shall be liable for the full cost thereof without notice from the Company. Unless otherwise stipulated within the sales invoice/order form, all accounts are strictly net and payable with order or otherwise in accordance with the terms of the trade buyer's credit account. Where default occurs in payment by the trade buyer, default interest shall become payable in accordance with the Late Payment of Commercial Debts (Interest) Act 1998 at the maximum rate permissible the re-under or in accordance with the credit terms agreed or, where the buyer is a consumer, at 2% above the base rate of the Lloyds Bank PLC.

If you have extended your cover and have opted to pay on a monthly ongoing basis, please note that these payments must run for a minimum period of six months, after which you are entitled to cease your payments by emailing quoting your vehicle registration number and your name and we will cease the policy 30 days after your last payment was received. Otherwise we will continue to take the agreed payments each month until you chose to cancel. Please note that it is your responsibility to inform us if you wish to cancel the cover

In the event that you wish to cancel your cover, please email quoting your vehicle registration number and your name and we will cease the cover. If you cancel within the first 28 days of taking out the product you will be entitled to a full refund less the £35 cancellation fee (where applicable) providing you have made a distinct and separate payment for the product. We can only refund the party that has directly paid us for the cover. You will not normally be entitled to a refund after this period.