Forecourt Finance

Roman Danaev

25 May 2023

Meaning and Definition

Forecourt finance refers to car finance options that are offered directly by car dealerships at the point of sale. It allows individuals to arrange and obtain financing for their vehicle purchase directly from the dealership where they are buying the car. Forecourt finance is typically provided through partnerships with finance companies or lenders associated with the dealership.

Why it is important to know

Understanding forecourt finance is important as it provides an additional financing option for individuals purchasing a car. It offers convenience by allowing buyers to secure financing directly at the dealership without having to seek external financing independently. It can streamline the car buying process and may provide competitive financing rates and packages tailored to the specific make and model of the vehicle.

Example in car finance

Suppose you visit a car dealership to purchase a new car. As part of their services, the dealership offers forecourt finance options. They present you with different financing packages available through their partnered finance companies. You can compare the interest rates, loan terms, and other financing terms provided by the dealership and choose the option that best suits your financial needs. The dealership handles the financing process, making it more convenient for you to complete the purchase.

Car finance calculator

Must be between £3,000 to £50,000
Must be between £100 to £10,000 and difference between borrow and deposit must be £5,000
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60month
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These estimates are subject to credit checks and may change when you apply for finance. this is for example purposes only

Hire Purchase (HP)
APR 14.9%

60 monthly payments of

£0


Interest rate
14.9% APR
Amount of interest
£0
Total payment
£0
Personal Contract Purchase (PCP)
APR 14.9%

60 monthly payments of

£0


Optional final payment
£0
Interest rate
14.9% APR
Amount of interest
£0
Total payment
£0