Loans

Drive away in your dream car in just 5 easy steps...

Step 1

Decide on the make and model of car you want.

Speak to Freeway on 0800 419 930* if you would like any advice choosing a car.

Once you've found the car of your choice you take out a Personal Contract Purchase (PCP) agreement. This agreement will guarantee a future value for the car is set at the outset.

Step 2

You'll then need to decide how long you want to drive the car for - 2, 3 or 4 years.

Step 3

Next, estimate how many miles you'll drive in the car each year.

This allows Freeway to calculate the value of the car at the end of your chosen agreement period. This becomes the "Option to Purchase Price" and at the end of your agreement you can buy your car outright for this figure if you so choose.

Step 4

Freeway will then advise you of your monthly payment figure. This will be based on the difference between the on-the-road price (including road tax at the current rate, and the cost of maintenance packages chosen, minus the deposit you pay) and the "Option to Purchase Price." Interest is payable on the on-the-road price less the deposit.

Step 5

If your finance is accepted, Freeway will then order your car and contact you prior to delivery to arrange payment of your deposit. At the end of your agreement you have the flexibility to choose the option which suits you best:

• Purchase the car for the pre agreed price (the guaranteed value amount)
• Return the car and take another PCP agreement on another car (subject to status and return conditions),
• Simply return your car to Freeway with nothing more to pay (subject to return conditions).

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls from landline phones are free, however mobile providers may charge. Lines are open Mon-Fri 9am-5pm.