Finance

We can help, whether you have a good or bad credit rating

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Used Car Finance in Portsmouth

Here at Walker Car Sales we provide a wide range of finance facilities from bespoke PCP and HP finance with full integration into our website. From the comfort of your own home you can view all the available finance products for your next vehicle and generate your own personalised quotations by changing the deposit, term and annual mileage. We specialise in helping people with poor credit scores who are looking to get back on track.

In addition, you can complete our online application process through our secure proposal form which will pass your information directly to our finance broker Motion Finance. You will then be guided through the process of finding a finance deal that best matches your circumstances.

Find Your Next Car

We provide two types of finance deals that you might want to consider:

Finance Deals
Car Finance Explained
- Hire Purchase
  - What it is: A fixed-term, fixed-cost loan for vehicle purchase. Ownership transfers to the customer after all payments are made.
  - Key Features:
  - No mileage limits or extra charges.
  - Customers can terminate early by returning the vehicle and paying half the total owed.
  - Process:
  1. Pay a deposit or trade in an old vehicle.
  2. Make monthly payments (3-5 years).
  3. Pay an optional fee to own the vehicle or return it.
  - Limitations:
  - The vehicle can be repossessed if payments are missed.
  - Low deposits may lead to negative equity if the agreement is ended early.
- Personal Contract Purchase (PCP)
  - What it is: A flexible vehicle finance option with lower monthly payments than Hire Purchase (HP). Ownership is optional at the end of the term.
  - Key Features:
  - Flexibility to buy, return, refinance, or trade-in at the end.
  - Mileage and condition charges apply if limits are exceeded or the vehicle is damaged.
  - No guaranteed equity at the end due to depreciation.
  - Process:
  1. Pay a deposit or trade in a vehicle.
  2. Agree on a term (2-4 years) and mileage allowance (higher mileage = higher payments).
  3. Know the Guaranteed Minimum Future Value (GMFV or "balloon payment").
  4. Make monthly payments.
  5. Choose one of four options at term-end:
  - Pay the GMFV to own the vehicle.
  - Refinance the GMFV.
  - Return the vehicle (charges may apply).
  - Trade-in using any equity if applicable.
  - Limitations:
  - Vehicle repossession risk if payments are missed.
  - Low deposits may lead to negative equity.
  - Excess mileage or damage charges may apply if returning the vehicle.