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Product Information Exploring Finance options online can be daunting but we’re here to help you find the right arrangement for you, be it HP, PCP or an alternative.
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Finance your car online with LSH Auto

If you’re looking to buy a Mercedes-Benz, BYD or Smart car, you can do so with ease with LSH Auto. In fact, if you need budgeting assistance, our flexible finance solutions are available for just this reason.

To buy online with LSH Auto, please follow these four simple steps…

  1. Click through our new or high-quality used cars to find your ideal vehicle.

  2. On the vehicle information page, you’ll find financing details – and you’ll be able tailor a finance quote that suits your budget. At this point, you can add in any extras you require – and if you’re thinking of selling your car, you can factor in a part-exchange deal.

  3. Once you’re happy with your deal, the next step is to apply for finance online. (Please take the time to read and understand the terms of the agreement and bear in mind that a hard credit check may be undertaken. If you have any questions, please don’t hesitate to contact us.)

  4. That’s it, you’re done! We’ll soon be in touch to confirm details of your transaction and collection/delivery times for your vehicle
What is Personal Contract Purchase (PCP)?
Perhaps the most popular car financing option, PCP is a flexible solution that requires a deposit, followed by fixed monthly repayments over an agreed length of time.

The final, optional instalment constitutes of a larger payment. This is because it represents the vehicle’s guaranteed minimum future value (GMFV), which is calculated at the start of the agreement.

Just before the agreement is due to end, you’ll have three options:

Keep the car – pay the final optional instalment (sometimes referred to as a balloon payment) and the car is yours for good

Return the car – decline the final optional payment and walk away with nothing more to pay

Begin a new agreement – if the car is worth more than its GMFV, you’ll be left with the difference between the final payment and the vehicle’s true value. This can be used as a deposit for a brand-new car

Will I be approved for Finance?

If you have a good credit rating, almost certainly.​​

Can I get car finance even if I have bad credit?

There’s every chance that you can. Certainly, it’s easier to get PCP financing with bad credit than it is to lease a car. This is because, with PCP, you’re financing a part of the vehicle’s total cost.​​

What is APR?

It stands for annual percentage rate, and it includes interest and any administration fees.​​

What is the difference between a soft credit search and a hard credit search?

Soft credit search – this is generally used to check your eligibility for financing, and it won’t affect your credit score.

Hard credit search – this checks your ability to pay based on your recent financial history, and it might have an adverse effect on your credit score if it's already less than good.​

View Vehicles on PCP
What is Hire Purchase (HP)?
HP is one of the oldest forms of car financing and is typically used by motorists who wish to own their desired vehicle outright.

It also requires payment of a deposit and fixed monthly instalments. However, there is no final optional payment. When you make the final payment, the car is yours to keep.

In this way, HP is more straightforward than PCP because each monthly instalment is an equal division of the total cost of the vehicle (minus the deposit).

Will I be approved for Finance?

If you have a good credit score, there’s no reason why not.​​

Can I get car finance even if I have bad credit?

For people with bad credit, HP is perhaps the easiest financing solution. This is because the loan value is secured against the vehicle. However, if you miss payments, the lender may elect to repossess the car to settle your debt.​​

What is APR?

Annual percentage rate (APR) comprises interest and any administrative fees, making it easier to see how much you need to pay.​​

What is the difference between a soft credit search and a hard credit search?

A soft credit search won’t affect your credit score, no matter how many times it’s undertaken. Essentially, it’s a check to see if you’re eligible for financing.

A hard credit check is undertaken when you apply for finance. If you have a poor credit score, it could result in a ‘black mark’ on your credit history, and a further lessening of your score.

View Vehicles on HP

We have trained finance specialists within all of our dealerships who pride themselves in offering outstanding customer service and assisting customers in finding the right funding solution to suit their pocket and individual circumstances.
With clear agreements and competitive finance packages available to suit your needs, we're confident we can help you get something special on your driveway.

Finding the right purchasing agreement is as important as selecting the right vehicle.

With this in mind, we have designed a number of attractive finance packages to make things that much easier.

Why Buy Online? Got a question or need help with an electric vehicle?
If you're looking for your next vehicle, our teams across the country will be happy to assist to help meet and exceed your requirements. Click on the link below to get in contact with your local retailer. Reasons To buy Online