Finance

These finance examples are for illustration purposes only and do not constitute an offer. Evolution Funding Ltd and associated trading styles are authorised and regulated by the Financial Conduct Authority. We are a credit broker not a lender. Our FRN number is 789275. Finance subject to status. Terms and Conditions apply

When purchasing your new car our aim is to ensure our customers are fully informed of the different finance options available to them.
We have fantastic relationships with many funders giving us privileged access to some of the best finance packages on the market.
We pride ourselves on being able to offer competitive finance rates and finding bespoke solutions to suit individual needs to help fund the purchase of your next car.

Different types of finance agreements:

Hire Purchase

This is the most straight-forward, you will pay fixed monthly payments to spread the cost of purchase over 12–60 months. The benefits of this agreement are, deposits are flexible, rates and payments are fixed.

Lease Purchase

Lease purchase is our most popular agreement and is best suited to cars of higher value and customers that like to change cars regularly. Like ‘hire purchase’ The main difference being a balloon payment at the end of the agreement meaning monthly payments are less. Whether you want to settle your agreement early or at the end, it is your choice whether to part-exchange, re-finance or pay off the balance.

Personal Contract Purchase

Like Lease Purchase, monthly payments are offset by a final payment, the difference with PCP is the final payment is optional. At the beginning of the agreement the future value is set by the finance company, at the end of the agreement you have the option to hand back the keys rather than pay the final payment or part-exchange for another car.

Product Suitability 

We will always try to take reasonable steps to ensure any product offered is suitable for a customers’ needs/circumstances.

Vulnerability 

In providing information and explanations about products we shall consider customers level of understanding. If not satisfied that the customer does not have a good understanding of these products/services we shall consider other methods to provide the information.

Data Protection/Consent to Search 

We will inform you of the personal data we need to collect, why and with whom we share. We will obtain customers consent to credit searches and treat all data in line with FCA Guidelines. You have the right to request we delete this. This can be shared to our finance funders to obtain credit. 

Can we give independent financial advice? 

We are not independent financial advisers, so are unable to provide independent financial advice. 

Pre-Sale Explanations 

Before entering a Credit Agreement we will take you through the pre-sale information and adequate explanations.

How will we use your information? 

To obtain quotes from funders/brokers to process finance applications, they may also search your record held with one or more credit reference agencies. Credit checks may appear on your credit file with organisations whom you have not dealt directly. The personal information collected may be shared with fraud prevention agencies who will use it to prevent fraud and money laundering and to verify your identity. If fraud is detected you could be refused certain services, finance or employment.