Car finance glossary | C

Contract Hire

Contract Hire is a car leasing product, we explain how contract hire differs from our other car finance products here.
Contract Hire Explained >

Credit Agreement

Credit Agreement is a signed contract between yourself and a lender, which guarantees that you'll receive a loan and that you will make repayments according to an agreed interest rate and term.
Credit Agreement Explained >

Credit Rating

A Credit Rating (also known as a Credit Score) is issued by a credit agency and is used to estimate your credit worthiness.
Credit Rating Explained >

Cars On Finance

Buying a car on finance is an easy way to acquire a car, whereby you pay monthly instalments rather than the full amount in one go.
Cars On Finance Explained >

Credit File

Credit File Explained >

Got a question for us?

If you require further assistance, our team of Customer Advisors are here to help. We're open six days a week - you can view our opening hours here - and we're more than happy to answer your questions.