You can apply for finance once you’ve chosen your car and selected ‘Buy now’. Here’s how it works.
Use our calculator to get a finance quote on your chosen car. Flexible HP or PCP plans to suit you, with deposits from £250.
When you apply, we’ll ask about things like address history and affordability to get you a tailored finance offer.
Your application is sent off to our panel of lenders. We’ll usually let you know within 24 hours if it has been approved.
To confirm your offer, you’ll need to do a digital ID check and sign. You have 5 days to do this while your car is reserved.
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:
With PCP you:
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
The cost of your loan depends on:
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:
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:
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.
From the offer page, you’ll be taken to the lender’s site to do an ID check and sign.
This is the only time when you’ll leave cinch, so don’t worry.
At this stage, you will need to:
Our trusted partner, Evolution Funding, works hard to find the right finance plan for you.
When you've chosen your new car, select 'Pay with finance' in checkout.