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FAQs

  • What can Premium Plan finance?

    We offer Hire Purchase on new and used cars up to 6 years old and a maximum of 80,000 miles at the time of your application.

  • What is Hire Purchase?

    Under a hire purchase agreement, the borrower (you) hires the vehicle from the lender (us). You make monthly repayments over the agreed term as set out in the credit agreement. Once all the payments have been made, the vehicle becomes legally yours.

  • Can you still help if I have a poor credit rating?

    Yes! We don’t credit score but take some basic information from you to carry out an eligibility and affordability check, so even if you have been bankrupt, have arrears, CCJs or are in a DMP or IVA, Premium Plan could still help. Why not use our finance calculator to see how we can help finance your car.

  • Can I get finance if I’m self-employed?

    We understand that people who run their own business might need some help from time to time. As long as you have been trading for at least a year and can provide your most recent tax return, we will be happy to consider your application.

  • How can I make a payment?

    Direct Debit is the standard payment method and the quickest and easiest way to make your monthly payments.

  • What documents will I need to provide?

    We will need to see both parts of your full driving licence (if applicable) but in some cases it may be necessary to confirm current driving licence status with the DVLA. We will also need the last 3 months’ bank statements and the most recent months’ worth of payslips.

  • Do I need to insure my vehicle?

    Yes, you must insure the vehicle in your name under a comprehensive policy at your expense. You must also email a copy of your insurance certificate to admin@premiumplan.co.uk.

  • What do I do if I have been in an accident or the vehicle has been damaged or stolen?

    You must inform us immediately if the vehicle is lost, stolen or if you have had an accident and the vehicle is declared a total loss by your insurer.

  • Can’t find the answer to your query?

    Then please give us a call on 0800 009 4147 and one of our friendly advisors will be more than pleased to assist.

Representative 29.9% APR

Complete the online enquiry form today or call 0800 197 9758 to speak to our sister company Red Potato.

We base our decision on your circumstances, not your credit score

We specialise in providing finance for customers in a DMP or IVA

Those who are self-employed or ex-bankrupt can still apply