Finance
Thinking of financing your next van and wondering what your options are?
Hire Purchase (HP) is a popular and straight forward finance option which allows you to spread the cost of buying a van.
Whilst the payments on Hire Purchase are higher each month than on Personal Contract Purchase (PCP) there's no large payment at the end.
If you prefer to know what your payments will be each month and you would like to own your van outright at the end of the agreement then Hire Purchase could be the right option for you.
FAQs
What is my eligibility score?
Your eligibility score is generated using Click Dealer's free credit checker tool, ClickCreditCheck, which is powered by the UK's largest motor finance broker, Evolution Funding Limited.
Evolution Funding ('Evolution') will request information held about you from two credit reference agencies, Experian Limited and Equifax Limited. This data is compared, using sophisticated algorithms, against a large anonymised pool of past car finance applications.
This generates an indication of your eligibility for car finance at this point in time and is not a statement or representation of your creditworthiness or credit health in general.
We will not provide any credit information contained within your personal credit reference reports, nor will Click Dealer or Evolution pass this information to a third party. You (and any dealer/introducer involved) will see information generated by Evolution, including an indication of cost and an eligibility score.
What details do I need to provide for the eligibility checks?
You will need to provide personal information so that the relevant information can be requested from Experian and Equifax to generate your eligibility score. You will need to provide information including full name, address and time at address, date of birth, and contact details.
A credit reference agency, such as Experian or Equifax, is a company that collects personal information from various sources and provides personal information for a variety of uses, including to prospective lenders of credit for the purposes of those lenders making credit decisions about their prospective customers. Providers of personal information that credit reference agencies hold about you include but are not limited to; lenders such as banks, mail order companies, mobile phone or broadband providers and credit card companies. Other sources of information also used include Electoral Register, County Court Judgments and Bankruptcies. Credit reference agencies use this data to create a credit report on you.
How accurate are the eligibility checker results?
The checker gives an indication of your eligibility for car finance, including likely cost. Whilst this is highly predictive of a customer’s eligibility, it is only indicative and does not take into account other information required for a full application, including but not limited to your employment status, income levels, and the vehicle you are considering buying.
You should always ensure any financial commitment you enter into is affordable to you for the duration of the contract and your ClickFinance eligibility score is not an indication of that. Evolution Funding Limited, Click Dealer Limited and any associated dealer partner cannot be held liable for how you use the information generated and the accuracy of the results given.