FAQs General


If you are considering applying for car finance, you may have questions around the subject. From selling your car to APR, we’ll answer some of the most commonly asked questions. 
If you have any questions regarding car finance that do not feature here, please get in touch with our sales team who would be happy to help. Call us on 01925 696 373.

Close/Open FAQS

What does APR stand for?

APR stands for annual percentage rate.

What is APR?

The APR is the yearly cost of borrowing, this is what you’ll pay on top of the money you borrow.

Do you offer Car Finance for motorbikes?

Unfortunately not. We provide finance for cars and vans.

What if I want to change my car before the end of the term?

You will need to request an early settlement figure from us and settle your current contract before you can begin a new one. Our customer service team will be able to give you details of the early settlement balance.

Can you sell a car on finance?

You will need to settle the outstanding finance before you can sell the vehicle. You will not be the legal owner until the outstanding finance is settled. We would suggest you obtain a settlement figure and take this to a dealership to see if they will settle the outstanding finance for you.

Can you have more than one car finance?

Yes, you could but it will be dependent on whether you can afford the monthly payments of two cars in addition to your existing monthly bills and credit commitments.

How to check if a car is on finance for free?

If you are purchasing a car on finance with us, then we will carry out the HPI check to make sure any previous finance has been cleared.

What credit score is needed for car finance in the UK?

This is dependent on the lender, as each lender has different criteria that need to be met. For more information on this visit our ‘What credit score is needed for car finance?’

What happens if I sell a car with outstanding finance?

If you sell the vehicle with outstanding finance on it without informing the buyer of the situation, we could repossess it as we are still the legal owners of that vehicle. You will be required to settle the outstanding finance on the vehicle before you can sell it.

What is a balloon payment on car finance?

A balloon payment is the final lump sum you will be required to pay if you want to own the car after your PCP finance agreement. Here at Go Car Credit we do not offer PCP finance, so we do not have balloon payments on our finance agreements.

Is car finance halal?

Under Sharia law, charging interest is not allowed. Most car finance deals charge interest, so they are not halal.

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