Finance & Find Your Next Car
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We Offer One Fair Rate For All Who Qualify.*
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Based on a £1,000 deposit on a 48 month plan with a representative APR 11.9%, Fixed interest rate of 11.9%. Subject to credit checks. Deposit amount for illustrative purposes only. The amount of deposit used towards your finance agreement may affect monthly payments. *Representative Example , rates offered depend on individual circumstances. We look to find the best rate and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.
Driven Auto Solutions are an automotive solutions business, that loves everything about the world of motoring. Drivenfi, our finance arm offers competitive car finance from single cars to multi-vehicles, and a variety of finance products to suit the needs of our customers.
Drivenbuy, our vehicle sales arm has access to thousands of approved used cars, and we can help you realise your dream car.
We Offer One Fair Rate Of 11.9% APR For All Who Qualify, based upon your financial circumstances and our eligibility checks*
Have Questions? Give us a call on 020 4553 2210
FAQs
On a typical Hire Purchase agreement, the lender will own the car up until the payments are complete and paid in full. This means you won’t be able to sell the car, without completing the agreement. With a personal loan, you will own the vehicle from the date of purchase, as the agreement isn’t tied to the car.
Our Peer to Peer finance agreement allows the registered keeper to put the car out for hire. Our partner Turo allows users of the platform to share their cars at a daily rate. You can hire your car out when you like, and you will be paid at least 75% of the revenue earnt. You can put this towards the payments of the car, or spend it however you like. As long as the monthly payments for the car are made, any earnings are yours to do as you wish.
No, DrivenFi doesn’t directly charge you any fees. Any charges incurred for arranging your agreement is covered by the lender. That way we can give you the best agreement to suit you.
All lending is subject to status checks, and an affordability assessment. The better your credit rating, the more chance you will be accepted for car finance.
When applying for finance it is important to understand exactly what you can afford, and factor in the monthly payments alongside other running costs such as fuel, insurance, tax, and maintenance. Alongside the running costs you should factor in any potential change of circumstances that you may be aware of.
Types of finance from DrivenFi
There are several finance products available to fund your vehicle.
Hire Purchase (HP)
Hire Purchase is a finance product used to purchase a car that allows you to repay the finance over a defined period of time. Usually, you pay an initial deposit followed by fixed regular monthly payments which reduce and pay off the balance. The finance is secured against the car and the interest rate charged is fixed for the term, you will not fully own the car until the last payment has cleared. If you are a private individual or a business, this is a simple and effective way to purchase a car with fixed regular payments. Available from 24 to 60 months.
Personal Contract Purchase (PCP)
Personal contract purchase (PCP) is a flexible car financing option that can offer lower monthly payments than a personal loan or hire purchase (HP) car finance agreement. It’s a loan to help you buy the car you want. But it differs from a normal personal loan because you don’t have to pay off the full value of the car which means it could be a good option for you if you like to change your car more regularly. Available from 24 to 48 Months.
Lease Purchase
This facility is an extension of the hire purchase agreement but with an offset payment due at the end of the term. Once again available to private individuals or a business, deferring an element of the finance (balloon payment) until the end reflects in a reduced monthly payment. This facility works well when a vehicle has a potentially strong residual value. Available from 24 to 48 months.
Multi-Vehicle Funding
If finance is required by a Turo Power Host or multi-car buyer and provided you are established as a Limited Company, we may be able to accommodate multiple car purchases. Designed around your specific needs we will work with you to establish a payment plan using a variable or fixed interest rate Hire Purchase facility. If you’re interested in multi-car funding, give us a call to discuss further.
Peer To Peer Vehicle Funding
A funding option is available for some Peer To Peer car sharing platforms. This will allow you to enter into a compliant contract to fund vehicles for use on car sharing platforms. You can advertise the car for hire, and earn an income. This potentially offsets the cost of the ownership of the vehicle.