Financing your next car

Financing and budgeting is a big part of any purchase, especially one as important as a car. If you have a budget in mind then our flexible finance packages can help. These enable you to spread the cost of your next car over an agreed period of time.

We have a number of options available to suit your circumstances. We can arrange PCP (Personal Contract Purchase) and HP (Hire Purchase) loans. Not sure which one is right for you? Take a look at the explanations below to help you decide.

Applying for used car finance at Richard Nash Cars couldn't be easier; nearly all of our nearly new and second hand cars are available on finance. Select the vehicle you are interested in - pick from HP or PCP, adjust the term, deposit and mileage using our simple finance calculator.

When you are happy with the repayments proceed to a straightforward online application. You will usually have an instant decision and once approved you could be driving your new car in no time at all.


Financing a car at Richard Nash Cars

  • Choice of hundreds of used cars available on finance
  • Easy online application process with an instant decision
  • HP and PCP options available to suit your budget
  • Finance secured against the car and not you
  • £0 Deposit options available
  • Everything taken care of under one roof
  • Expert advice on hand from a regulated company
  • Save money everyday with MotoNovo discount shopping

How to choose between HP or PCP

Hire Purchase (HP) and Personal Contract Purchase (PCP) are both great ways to spread the cost of a car to suit your budget. However there are some key differences between these types of finance and one may suit you better than the other. Read the explanations below to help you decide which option best suits your circumstances.

Hire Purchase (HP) explained

Hire purchase is a straight forward agreement where the cost of the car is spread over a period of up to 60 months. The rate of interest is set at the point of purchase and is fixed for the full term of the finance agreement. Because of this the monthly payments are the same each month. This allows you to budget for each instalment because you know exactly how much the repayments will be.

Another great feature of a hire purchase agreement is the ability to overpay at any point during the agreement. By paying a lump some back early you can either reduce the length of your agreement or reduce your future monthly payments.

You are free to settle a Hire Purchase agreement early if you decide you no longer wish to continue paying monthly or if you would like to change your car before the end of the agreement.

At the end of the agreement, and once the £1 option to purchase fee has been paid, the vehicle is legally yours.

Is HP right for you?

This type of finance is great if you want fixed monthly repayments and if you do a lot of driving as there is no mileage restriction. HP is ideal if you are looking to own the car long term.

Search cars on Hire Purchase

Personal Contract Purchase (PCP) explained

Similar to Hire Purchase, a Personal Contract Purchase allows you to spread the cost of a car over a period to match your budget, the rate of interest is fixed and regular payments are made. The difference with a Personal Contract Purchase is that a portion of the borrowing is deferred until the final payment. The amount deferred is based on the future value of the vehicle, taking into consideration make, model and the maximum mileage agreed at the start of the agreement. This final payment is often referred to as the Guaranteed Future Value.

Because part of the money borrowed is deferred until the end of the agreement your monthly payments will be lower. This means you could drive a newer or better vehicle for your monthly budget.

When you get to the end of the agreement (up to 49 months) you have three distinct options:

1) Pay the final payment and option to purchase fee and you own the vehicle

2) Part exchange the vehicle for a newer one. If the value of the car is more than the amount of the final payment the extra money is yours.

3) If when you come to part exchange the vehicle it is not worth the amount of the final payment or if you no longer want a vehicle you can hand the vehicle back to the finance company; because they have guaranteed the vehicle will be worth the amount of your final payment you can walk away with nothing more to pay. Terms and conditions apply, the mileage and condition of the vehicle will also be taken into consideration.

Is PCP right for you?

Because of these unique features PCP is great if you are looking to pay less each month and if you would like to keep your car up to date by changing it for a newer one in three to four years time. PCP is also worth considering if you are concerned about the future value of your chosen vehicle because the finance company guarantee this at the point of purchase.

Search cars on Personal Contract Purchase

Try our easy online application today.

Its quick, easy and you could be approved instantly.

Search and apply



Finance FAQs

Frequently asked questions about used car finance.

Q | Do you offer finance?

A | We offer a range of finance packages from a list of lenders. We primarily work with Motonovo Finance and Blue Motor Finance but also with specialist brokers who help with customers who have specific requirements or issues with their credit history.

Q | Can I trade my car in if I still have finance outstanding?

A | Yes you can. If there is finance outstanding we can settle this for you. This process needs to be handled correctly but our fully trained Special Automotive Finance Experts will advise you and explain everything in detail.

Q | What finance options are available?

A | Many customers choose a PCP (personal contract purchase), which can often get you into a newer and better vehicle, but we also offer hire purchase. Virtually every car is eligible for hire purchase, typically only newer cars are eligible for a PCP, please ask one of our sales team for details. The videos on our 'Finance' page explain the features of Hire Purchase and Personal Contract Purchase agreements.

Q | Do I need a deposit?

A | No - you don't need a deposit, although many people prefer to pay a deposit or use their part-exchange in order to lower the monthly repayments.

Q | I’m not sure about my credit history. How do I stand for finance?

A | Often we can accommodate borrowers who have had some issues with their credit history. All lending is subject to status. We also work with lenders who can perform a ‘soft search’ to avoid leaving an imprint on your credit history when checking eligibility. Please ask for more details if you wish to do this.

Q | How will I know which finance package is right for me?

A | Richard Nash Cars Limited are authorised and regulated by the Financial Conduct Authority and our salespeople are all SAF trained to give you the best help and advice. They can talk you through the various options available and demonstrate which ones offer the solution that best suits your needs.

Q | What if I have no deposit?

A | Because our cars are keenly priced we can, subject to status, often accommodate customers who wish to pay no deposit, or want to use some of the value of their vehicle in part-exchange, and receive some of the value in cash.

Q | How long will it take to sort out the paperwork?

A | We pride ourselves in ensuring that all administration is carried out efficiently and correctly. We are fully familiar with all aspects of the documentation connected with the financing process and will advise you correctly throughout so you are enjoying your new car as soon as possible.

Q | What information do you need for finance?

A | We require only limited information and, in most circumstances, the only document required is a driving licence. Once submitted, your application is usually processed and accepted within minutes. Occasionally it can take a bit longer but is normally dealt with within the same day.

Callback Request
* Required fields

Consumer Information

We would like to stay in touch with you to keep up to date with our latest product news, marketing services and offers. If you would like to receive future information by either of the methods below, please indicate by selecting the option. All information provided will be used and processed in accordance with our Privacy Policy. For more information please see our Privacy Policy.

Privacy Policy

Richard Nash Cars Limited is committed to protecting your privacy, and at the same time we endeavour to use any data we collect from you to provide the best possible service. This privacy policy describes how we collect and use your personal data. Introduction Welcome to Richard Nash Cars Limited privacy notice. Richard Nash Cars Limited shall be referred to as “the Company”, “we”, “us”, “our” throughout this privacy notice. We respect your privacy and are committed to protecting your personal data. This privacy notice will inform you as to how we collect, use, handle and disclose your personal data, as well as telling you about your privacy rights and how the law protects you. If you need any more information about our data protection practices, please contact us using the details below.

This privacy notice contains the following information:
1. Important information and who we are
2. Data protection principles
3. The data we collect about you and how we collect and use your data
4. Disclosures of your personal data
5. International transfers
6. Data security
7. Data retention
8. Your legal rights
9. Glossary

1.Important information and who we are Purpose of this privacy notice

This privacy notice aims to give you information on how we collect and processes your personal data, including any data you may provide when enquiring about a vehicle, purchasing or hiring a vehicle from us or purchasing other goods and services from us. This is also relates to any data you may provide through use of this website. Please see the Glossary section for an explanation of the meaning of “personal data”. It is important that you read this privacy notice together with any other privacy notice or fair processing notice we may provide on specific occasions when we are collecting or processing personal data about you, so that you are fully aware of how and why we are using your data. This privacy notice supplements the other notices and is not intended to override them. Controller Richard Nash Cars Limited is the controller and is responsible for your personal data. Richard Nash Cars Limited is registered with the Information Commissioner, reference number: Z5452415 We have appointed a data compliance team who are responsible for overseeing questions in relation to this privacy notice. If you have any questions about this privacy notice, including any requests to exercise your legal rights (see section 8 below), please contact the data compliance team using the following details: Contact details:- E-mail address: privacy@richardnash.co.uk Postal address: Vulcan Road South, Norwich, NR6 6AG You have the right to make a complaint at any time to the Information Commissioner's Office (“ICO”), the UK supervisory authority for data protection issues (www.ico.org.uk). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance. Changes to the privacy notice and your duty to inform us of changes This version was last updated on 24 May 2018. It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us. Thirdparty links Our website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy notice of every website you visit.

2.Data protection principles

We adhere to the principles set out in data protection legislation when handling personal data. These principles require personal data to be:
(a) Processed lawfully, fairly and in a transparent manner.
(b) Collected only for specified, explicit and legitimate purposes.
(c) Adequate, relevant and limited to what is necessary in relation to the purposes for which it is processed.
(d) Accurate and where necessary kept up to date.
(e) Not kept in a form which permits identification of data subjects for longer than is necessary for the purposes for which the data is processed.
(f) Processed in a manner that ensures its security using appropriate technical and organisational measures to protect against unauthorised or unlawful processing and against accidental loss, destruction or damage.
(g) Not transferred to another country without appropriate safeguards being in place.
(h) Made available to data subjects and allow data subjects to exercise certain rights in relation to their personal data. We are also responsible and accountable for ensuring that we can demonstrate compliance with the data protection principles listed above.

3.The data we collect about you and how we collect and use your data

We may collect, use, store and transfer different kinds of personal data about you. The personal data that we collect and process will broadly fall into the following categories: • personal data collected and processed in relation to customers who may enquire about vehicles or purchase and hire vehicles from us or who acquire other goods and services from us such as servicing, MOT’s and other after-care services; and • personal data collected and processed through the website (including when you use the “Contact Us” function on the website). If you fail to provide personal data Where we need to collect personal data by law, for example for FCA compliance purposes, and you fail to provide that data when requested, we may not be able to provide our services to you. The below provides a summary of how we collect and process your personal data: Personal data collected and processed in relation to customers who may enquire about vehicles or purchase vehicles from us Types of data: Contact details, including your name, address, e-mail address, telephone number, financial payment information and driving licence information Collection: Personal data is collected through direct interaction with you, such as when you come in to our showroom and interact with our sales staff, if you contact us via email and telephone or when goods and services from us. How we process your data: For the purposes of selling our vehicles (or related services such as MOTs and services) to our customers, hiring or loaning vehicles to our customers and for other commercial purposes (for example, credit checks) and in order to comply with our legal and regulatory obligations
(a) Performance of a contract with you
(b) Necessary to comply with a legal obligation
(c) Necessary for our legitimate interests Personal data collected through the website

Types of data: Contact details including name, e-mail address and telephone number Collection: Personal data is collected through direct interaction with you on the website (for example, if you submit a request for us to contact you)
How we process your data: For the purposes of communicating with you, managing our customer relationship and administering and protecting our business and this website (including troubleshooting, data analysis, testing, system maintenance and network security) Lawful basis for processing:
(a) Performance of a contract with you
(b) Necessary to comply with a legal obligation
(c) Necessary for our legitimate interests Technical data, such as internet protocol (IP) address, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform, session replay data and other technology on the devices you use to access this website Personal data is collected through automated technologies or interactions, from analytics providers or search information providers For the purposes of using data analytics to improve our website, marketing, client relationships and user experience, to administer and protect our business and this website (including troubleshooting, data analysis, testing and system maintenance and network security) and to allow you to participate in any interactive features on our website
(a) Necessary for our legitimate interests (for running our business, provision of administration and IT services, network security and to prevent fraud)
(b) Necessary to comply with a legal obligation Note that we may process your personal data for more than one lawful ground depending on the specific purpose for which we are using your data. See below for further details about the types of lawful basis that we will rely on to process your personal data. Marketing We may from time to time wish to send you details of new deals and offers that we have on our vehicles. Where we do so with electronic communications such as emails we would rely on consent as a legal basis for processing your personal data. You have the right to withdraw consent to marketing at any time by contacting us. We will get your express opt-in consent before we share your personal data with any company outside the Richard Nash group of companies for marketing purposes. We may send you sales offers and discounts to loyal customers from time to time by letter. We rely on our legitimate business interest to do so. You can ask us to stop sending you marketing messages by contacting us at any time. Where you opt out of receiving these marketing messages, this will not apply to personal data that we need to collect or process in relation to services that we are providing, or have provided, to you. Change of purpose We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us. If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so. Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law. Cookies For more information about the cookies we use, please see our Cookie Policy here: [LINK].

4.Disclosures of your personal data

We may have to share your personal data with the parties set out below for the purposes set out in the table in paragraph 3 above. We will not disclose your personal data to a third party without consent or unless we are satisfied that we are legally entitled to share such data under data protection laws. Where we do disclose your personal data to a third party, we will have regard to the data protection principles under data protection laws. We may however share customer personal data with the following organisations, and for the following purposes Organisation Purpose Vehicle manufacturers: We may need to provide your personal data to vehicle manufacturers for the purposes of warranties or in the event of a vehicle recall by a manufacturer. Service providers: Service providers who provide IT, software and system administration services such as our Dealer Management System. Legal authorities: We are regulated by the FCA and they may ask to access and view our records. HM Revenue & Customs and other authorities based in the United Kingdom may also require reporting of processing activities in certain circumstances Professional advisers: Professional advisers acting as processors or joint controllers including lawyers, bankers, experts, other accountants, insurers and other third parties based who provide legal, banking, consultancy, accounting, insurance and other related services Finance companies Where clients are purchasing vehicles from us using a finance package we will be required to share details of the order including all relevant personal data with the finance company. Third parties to whom we may choose to sell, transfer, or merge parts of our business or our assets. Alternatively, we may seek to acquire other businesses or merge with them. If a change happens to our business, then the new owners may use your personal data in the same way as set out in this privacy notice. We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions.

5. International transfers

We do not transfer your personal data outside the European Economic Area (EEA).

6. Data security

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions and they are subject to a duty of confidentiality. We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.

7. Data retention

How long will you use my personal data for? We will only retain your personal data for as long as necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements. To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal requirements. Details of retention periods for different aspects of your personal data are available on request by contacting us using the details above.

8. Your legal rights

Under certain circumstances, you have rights under data protection laws in relation to your personal data. Please click on the links below to find out more about these rights: • Request access to your personal data. • Request correction of your personal data. • Request erasure of your personal data. • Object to processing of your personal data. • Request restriction of processing your personal data. • Request transfer of your personal data. • Right to withdraw consent. If you wish to exercise any of the rights set out above, please contact us. No fee usually required You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we may refuse to comply with your request in these circumstances. What we may need from you We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response. Time limit to respond We try to respond to all legitimate requests within one month. Occasionally it may take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.

9. Glossary

Personal data, or personal information, means any information about an individual from which that person can be identified. It Richard does not include data where the identity has been removed (anonymous data). Sensitive Personal Data means information revealing racial or ethnic origin, political opinions, religious or similar beliefs, trade union membership, physical or mental health conditions, sexual life, sexual orientation, biometric or genetic data, and personal relating to criminal offences and convictions.

LAWFUL BASIS Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us Performance of contract means processing your data where it is necessary for the performance of a contract to which you are a party or to take steps at your request before entering into such a contract. Comply with a legal or regulatory obligation means processing your personal data where it is necessary for compliance with a legal or regulatory obligation that we are subject to.

YOUR LEGAL RIGHTS You have the right to: Request access to your personal data (commonly known as a “data subject access request”). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it. Request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us. Request erasure of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request. Object to processing of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes. In some cases, we may demonstrate that we have compelling legitimate grounds to process your information which override your rights and freedoms. Request restriction of processing of your personal data.

This enables you to ask us to suspend the processing of your personal data in the following scenarios:
(a) if you want us to establish the data's accuracy;
(b) where our use of the data is unlawful but you do not want us to erase it;
(c) where you need us to hold the data even if we no longer require it as you need it to establish, exercise or defend legal claims; or
(d) you have objected to our use of your data but we need to verify whether we have overriding legitimate grounds to use it. Request the transfer of your personal data to you or to a third party. We will provide to you, or a third party you have chosen, your personal data in a structured, commonly used, machine-readable format.

Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you. Withdraw consent at any time where we are relying on consent to process your personal data. However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent.



Do you have a question?

Every member of Richard Nash Cars sales team is a SAF (Special Automotive Finance) approved expert. You can count on expert advice across all three of our locations. Try contacting us today or check out the frequently asked questions.

Contact us



All loans are subject to status. Richard Nash Cars Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity. Our registration number is FRN 685922. Richard Nash Cars Limited is also an Appointed Representative of AutoProtect (MBI) Ltd which is authorised and regulated by the Financial Conduct Authority for Insurance Mediation, their reference number is 312143. You can check these on the FCA Register by visiting www.fca.org.uk or by calling the FCA on 0800 111 6768