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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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PCP for Mercedes ML

Hi, I have already got a Mercedes CLC on PCP which is due to be handed back in September. I have never been late or missed a payment in the 3 years.

I ordered a brand new Mercedes ML which is due in September. The finance had apparently all been passed and was just waiting for the car to arrive. Yesterday I got a phone call to say that with the new quarters now the application had been re-assessed and that I had been declined for finance.

I'm now in a bit of a dilemma because I don't want to keep applying for finance and affect my credit score. Is there anything you can do to help? I have a 5k deposit to put in and was looking for payments to be around £600 a month mark. Many thanks, Claire

Posted by Claire Ridley on


Hi Claire, it seems strange that you were approved and then declined. However, we'd love to be able to help.

With a large deposit, good monthly income and a clean car finance record in the past, we'd be pretty confident of getting you approved.

We can move pretty quickly so let me know the details asap. Once you're ready please make an application. If approved, you can choose a car from any reputable dealership in the UK and we also provide a no obligation quote. Kind Regards, Edwin

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Hi there, Mercedes will settle my current "B" Class Car finance which is good news. I'd like a newer 3 month old Mercedes "B" Class valued at £24k. I'm looking for a PCP deal over 60 months and want a monthly repayment around £175 with a £5k deposit going in. I have one Tesco default rating. Please confirm if you can offer anything. Thanks, John Brett.

Posted by John Brett on


Hi John, we can offer PCP deals but usually these lenders will require applicants to have good credit. How much is the Tesco default for? This will obviously effect your credit score and whether we can get you approved for this finance option or not. Your large deposit will help though.

Should we not be able to help with a PCP agreement, we do have hire purchase finance options that may be of interest to you. As we work with a large panel of lenders, we are able to offer very competitive rates, so hopefully we can secure you a great finance deal. Have you applied and been declined elsewhere? Edwin

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