Big Motoring World has introduced a new finance package designed to make car ownership more affordable by aligning lending rates more closely with each customer’s circumstances.
Working with a range of leading finance providers, the company can now offer rates starting at 9.9% APR for buyers with stronger credit scores. Over half of customers will continue to qualify for a representative 11.9% APR, while those with less robust credit histories can still secure tailored finance, though often at higher rates. The approach means more people can drive away in the vehicle they want, with payments that better match their situation.
Steve Archer, Director of Financial Services at Big Motoring World, said: “Many used car dealerships offer a single, standardised rate to all customers. We’re taking steps to deliver a fairer, more flexible lending solution. Whether it’s offering our lowest finance rates to those with the best credit scores or providing an accessible rate to those customers who might ordinarily be declined elsewhere, we’re ensuring that all our customers have access to fair and affordable finance.
“When purchasing from Big Motoring World, buyers often need to borrow less, as we cross-check the price of our cars against other leading car marketplaces every day to ensure we are always competitive. This means that the majority of our cars are priced below the rest of the market, so customers are always assured of a great deal with no need to haggle.”
The Finance and Leasing Association reports that more than 80% of private buyers now use some form of finance when purchasing a new or used vehicle in the UK. Early signs show that Big Motoring World’s new package is already having an impact, with a five percentage point rise in finance uptake since launch.
The business operates 10 showrooms across the country, from Leeds in West Yorkshire to West Malling in Kent. Staff at each site are available to explain finance options and guide customers towards vehicles suited to their budget and lifestyle.
Alongside the new finance approach, Big Motoring World has been supporting the switch to electric vehicles. A £500 deposit contribution is currently on offer for EV buyers, backed up by a new warranty package that includes unlimited parts cover, battery cover up to £10,000, 12 months’ RAC breakdown cover, and a guaranteed courtesy car if roadside repairs are not possible.
