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Classic Car Finance With Flexible Terms

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Classic Car Financing

Do you dream of buying a classic car, but need help funding it? Pegasus Finance is a specialist vehicle finance brokerage and as such has access to funds and finance products designed specifically for the purchase of classic cars. We are able to provide secured and unsecured classic car finance, hire purchase (HP), personal contract purchase (PCP) and ballon payment options and also offer the flexibility of buying from a specialist dealer, private sale or classic car auction.

Our experienced, professional team are able to swiftly arrange the most suitable finance option available to meet your needs. With advances of up to £1million, long terms up to 10 years and NO DEPOSIT options, our flexible approach will make ownership affordable.

During this process we will conduct credit searches and will research the seller to ensure they and the vehicle is legitimate. Finance options presented to you will depend upon;

  • The vehicle itself – age, condition, mileage, value, etc.
  • Who is selling the classic car – dealer, private sale or auction
  • The sale price, size of deposit and advance
  • The term of the loan – 2 to 10 years

Hire Purchase Classic Car Finance

Hire Purchase or HP agreements for classic cars are flexible, cost effective ways to fund your dream car. Depending on the asset your purchasing we may ask for a deposit, but this is not always the case. You will then pay regular, fixed monthly payments over an agreed term of 2 – 10 years. Once the final monthly instalment has been paid you will be the legal owner of the car, with nothing further to pay.

What is a Personal Contract Purchase?

A Personal Contract Purchase is basically a loan designed to make monthly repayments as low as possible, but is arranged slightly differently to an HP agreement.

You are likely to pay an initial deposit, followed by fixed monthly repayments over an agreed term of up to 5 years. At the end of this period you have the option to pay a predetermined ballon payment, often known as a Guaranteed Minimum Future Value (GMFV).

If you choose to pay the GMFV you become the legal owner of the vehicle, if not, the vehicle will be returned to the finance company.

In Conclusion

At Pegasus Finance, the customer comes first and a huge concern of ours is providing the best value finance products. In an effort to make loans more affordable on a monthly basis, we offer terms of 2 to 10 years for classic car finance.

Depending on the specific car you wish to buy, where it’s coming from and your affordability, we will present the best classic car finance options and you make the final decision.

Our experienced team are on hand 7 days a week, so feel free to call us directly on 0800 066 2882 to discuss your personal requirements.

Spread The Cost

Monthly Payment £0
Total Repayable £0
(6.8% APR illustration)
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Rates may vary depending on loan amount and individual circumstances. Subject to status.


Many dealers remain open for virtual viewings plus Click-&-Collect services. The law dictates that Click-&-Collect actually offers you added security. If the vehicle doesn't match the description given by the dealer or doesn't meet your expectations, you may have 14 days to return the vehicle.

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