How it works:

When buying a new car, understanding car finance can be a mind-boggling experience if unfamiliar with the process. Although here at 1 Stop Car Sales we have a dedicated team of finance experts waiting to help you with your enquiry, we have also broken down the jargon in simple plain English.

Once you have chosen your car and selected ‘Click to Reserve’.

  • Get a Quote - Use our calculator to get a finance quote on your new car. Choose an HP or PCP plan to suit you.
  • Apply Online - When you apply, we will require certain information from you like affordability and address history.
  • Get a Decision - After our panel of lenders assess your application, we’ll usually let you know within 24 hours if approved.
  • Your Offer - To confirm your offer, you should contact us within 48hrs to ensure you get your car.

We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

Understanding Finance:

Hire Purchase (HP) is ideal if you want to own the car after your finance payments are complete. It is the simplest method of car finance. After putting down a deposit, the remaining balance is divided equally over the duration of the loan.

Personal Contract Purchase (PCP) has a little more flexibility, since part of the cost is deferred until the end of the agreement. At the start of the contract, you will know what the deferred payment is and this is based on your annual ‘guaranteed minimum future value’ (GMFV). Your payments are then based on your deposit, annual mileage and the term.

With HP you can:

  • Put down a deposit
  • Pay monthly payments over a set period
  • Own your car at the end of the plan

With PCP you can:

  • Put down a deposit
  • Pay monthly payments over a set period
  • Have 3 options at the end of the term – Buy it, part-exchange it or hand the car back. Car finance that suits you
  • Choose your car
  • Use our calculator to spread the cost with monthly payments
  • Flexible plans to suit you
  • HP and PCP finance available from our trusted panel of lenders


Now that I have found a car, how do I apply for finance?
After you have found the car, you want online, click the Buy Now button, and follow the simple steps to complete your purchase. You can include a part-exchange vehicle and decide the right payment option for you. If you select the finance option, then you will be asked to fill out the online application form and submit it. In most cases, we can give you a finance decision within minutes. However, in some circumstances it may take longer, depending on your status and additional information required from the lender. Once approved, you will be required to pay a refundable deposit within 24 hours of your approval. Please note that you will need to call and speak to a transaction member of our team to confirm the sale. After the confirmation, you will be required to sign your finance documents before your car is delivered.

What is the difference between Personal Contract Purchase (PCP) and Hire Purchase and Leasing?
We have created an easy-to-read guide for you with all the information required to help you understand the difference between these two and to help you make the right choice. (insert Finance vs Leasing).

When will I know if my application has been approved?
Typically, applications can take minutes to be approved, however subject to your status, some application could take up to 24 hours to be approved.

What information will I need to provide for a finance application?
We will do the rest of the work for you, but we will require your:
Your Full Name
Address History
Driver’s License
Date of Birth
Employment Status

Transport For London

Cars need to meet minimum emission standards when travelling in the Ultra Low Emission Zone (ULEZ) or the daily charge must be paid.

Minimum emission standards

Petrol: Euro 4
Diesel: Euro 6

The ULEZ will be enforced based on the declared emissions of the vehicle rather than the age. However:

Information from Transport For London

Check this car on the TFL website before purchasing:

1 Stop Car Sales

To save timely negotiation all our cars are heavily discounted upfront and offered nearer cost price, saving customers up to £2000 when compared to our competition. This ensures we are treating every customer the same. This fee is a compulsory fee and applies to all customers.

Variable admin fee is charged as listed below:

  1. Retail customers pay £199.
  2. Repeat customers purchasing a 2nd car within 12 months of the original invoice date £0.
  3. Retail customers arranging finance using brokers outside of our immediate panel of lenders £399.
  4. Trade customers making a purchase as the motor trade £499.
  5. Export customers including Northern Ireland and the Republic of Ireland £499.