Car finance at Chapelhouse

Here at Chapelhouse, we’re committed to finding the right finance deal to suit your budget. Whether it’s for a brand new or quality used car, or even on one of our fleet of vans for business purposes, our sales and finance team will help you every step of the way to apply for car finance.

Car finance may seem complicated at first. However, there are several options in which you can pay for your car which will be explained in full by our dedicated Sales Executives. We intend to take the stress out of car buying and make it as smooth a process as driving away in your new car.

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Finance Options Available at Chapelhouse Motor Group


At Chapelhouse, we’re famous for our great finance offers, with no deposit options available and a choice of over 1000 quality used cars. Plus, we will even give you the value of your part-exchange back in cash up to £5000, plus free MOT tests for life!*

Hire Purchase (HP)

Hire Purchase – exactly what it sounds like, a hire agreement which gives you an option to own the car at the end of the agreement. The loan period is fixed typically between 12-60 months, and the finance agreement is secured against the car being bought. On an HP Agreement, you are obliged to purchase the vehicle by paying an Option To Purchase Fee.

Benefits – Quick and easy to arrange in the showroom, flexible terms from 12 months to 60-month agreements. Fixed APR throughout the term and fixed monthly payments. Ability to overpay with no penalties. Low deposit terms at the beginning of the Agreement, Finance Agreements are regulated so customers have Rights and Protection under Law.

Conditional Sale (CS)

Conditional Sales – is a purchase agreement, similar to Hire Purchase. The key difference between a Hire Purchase and a Conditional Sale is that once all the repayments have been made you commit to becoming the legal owner, there is no option to purchase fee.

Benefits – Quick and easy to arrange in the showroom, flexible terms from 12 months to 60-month agreement. Fixed APR throughout the term and fixed monthly payments. Balloon payments can also be used under Conditional Sale agreements.

Personal contract purchase (PCP)

Personal Contract Purchase – is a variation of the Hire Purchase agreement, the key difference is that the anticipated value of the car at the end of the contract is calculated at the start of the agreement and this figure is deferred to the end of the agreement. This deferred sum is usually referred to as the Guaranteed Minimum Future Value (GMFV) or optional final payment. The PCP agreement also gives you the flexibility to decide whether you would like to own the car outright at the end of the agreement.

Benefits – PCP Deals have fixed regular payments for easy budgeting, regular payments are reduced because the GMFV is deferred to the end of the agreement. The GMFV protects you against any potential fall in used vehicle values. Flexibility, you choose the deposit, annual mileage and agreement term to suit your needs.

personal contract hire (PCH)

Personal Contract Hire – provides hassle-free motoring, you benefit from a low initial outlay, regular rentals and no worries about disposing of your vehicle at the end of the contract.

Benefits – Low initial outlay for easy budgeting. No concerns over the future value of the vehicle. You will not own the vehicle at the end of the term. 

business contract hire (BCH)

Business Contract Hire – the efficient way of funding the use of the vehicle without the cost of ownership, you benefit from initial outlay, regular rentals and no worry about disposal of your vehicle at the end of the contact.

Benefits – Rentals are lower as they are calculated on the VAT exclusive price of the vehicle. VAT registered businesses can reclaim a portion of the VAT paid on optional maintenance rentals. Rentals are allowable against tax. No concerns over the future value of the vehicle. You don’t have the worry of selling the vehicle at the end of the contract.

personal loan finance (PL)

Personal Loan Finance – ideal for people who want to own the car at the beginning of the finance agreement and do not have a deposit to put towards their purchase, or in some circumstances where your current part exchange has negative equity.

Benefits – Quick and easy to arrange, you become the owner of the car straight away and can do with it what you want. You can decide how long you would like to repay the loan, monthly payments are fixed for the duration of the loan agreement.

lease purchase (LP)

Lease Purchase – same as conventional Hire Purchase the key difference, there is a balloon payment deferred to the end of the agreement. This reduces the fixed regular payments; however the final balloon payment is not optional and the future value of your vehicle is not guaranteed. 

Benefits – Fixed regular payments, flexibility, you choose the term to suit your needs, and your regular payments are reduced because the balloon payment is deferred to the end of the agreement. You own the vehicle at the end.

Bad Credit

Poor Credit Rating can often lead to customers being rejected used car finance deals. A poor credit rating, or credit score could be caused by previously missed payment obligations, County Court Judgments or a declaration of bankruptcy. At Chapelhouse, because we are a credit broker and not a direct lender, we work very closely with a panel of lenders from prime to subprime to help you buy a car. They will take a look at each one of our customer’s credit history and do their best to find a finance deal that can be tailored to your needs. Our finance team will offer you all the advice you need if you have money worries and will never pressure a customer into a situation that would harm them financially. Alternatively, you can also get free and impartial advice by getting in touch with the Citizens Advice Bureau or Money Advice Service.

All of our used vehicles are HPI checked, meaning that they are cleared of any outstanding finance, the mileage stated is correct and the car has not been involved in a serious accident which resulted in the car being written off or stolen.

Chapel House Motor Co Ltd is authorised and regulated by the Financial Conduct Authority, FRN: 668178 and is also an Appointed Representative of Autoprotect (MBI) Ltd, FRN 312142 for insurance mediation purposes. We are a Credit Broker not a Lender and can introduce you to a limited number of lenders.
We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender. Our Manufacturer supporting finance partners also provide preferential rates to us for the funding of our vehicle stock and financial support for our training and marketing.

Registered Office 603-609 Liverpool Road, Ainsdale, Southport, Merseyside PR8 3NG
Registered in England 1248452, 8437125 and 1376689

*Terms and conditions apply. Offer subject to availability. Finance subject to status. This entitles you to one free MOT test per year for as long as you own the vehicle and the vehicle is maintained to manufacturer standard by Chapelhouse. Payments for repairs that may be required will be the responsibility of you or your warranty company. Chapelhouse will not be liable for additional costs. 

If you're looking for a Chapelhouse Motors Finance Calculator you can either check out our online valuation tool, submit an online application or speak to one of our sales executives who will be able to discuss the various Chapelhouse finance options available. We have a selection of cheap cars on finance, even car finance for under £100 a month!

We're one of the highest-rated dealerships in the North West and help customers finance cars in Bolton, Blackburn, Preston, St Helens, Southport, Warrington and Wigan.