Finance FAQ

We like to look at all proposals individually. Some instances are not as bad as clients often suspect so we help guide where we can, and if an option is available, we will discuss that in every circumstance to get the best possible deal for our clients.

Yes!

Magnitude Finance do a quotation search in advance of submitting to any of our lenders. This is something that only you can see on your credit search. Once we then formally propose you, the finance house will do a full credit reference search at that time.

We will always give you ‘best advice’. We know that having a panel of 35 funders and hundreds of options we normally have a better solution available.

An early settlement figure is the amount still owed, plus interest and charges if you want to pay off your car finance early. Our settlement figure calculator does not include any additional penalty charges that may be incurred. For regulated agreements, this is normally an exit fee equal to around just 58 days interest charge.