Help and advice

Advice and topics

How it works

Take a look at the glossary of terms for a full breakdown of Jargon you may see passed around the car finance world.

Conditional sale

Despite over three quarters of cars being sold with some form of finance attached, research shows that few people fully understand what they are signing up to.

Hire purchase balloon payment

Balloon Payment Hire Purchase is a form of credit agreement to finance your vehicle where you do not own the car until you have paid the final payment to include the option to purchase fee.

Hire purchase full payment

Hire Purchase is a form of credit agreement to finance your vehicle where you do not own the car until you have paid the final payment to include the option to purchase fee.

Personal contract purchase

A PCP contract is a type of credit agreement to fund the purchase of your vehicle. You do not own the vehicle during the contract period.

Fixed sum loan

A Fixed Sum Credit is a finance contract, which is unsecured. You get immediate ownership of the car from the beginning, the credit amount is paid directly by your finance provider to FairSquare.

Difference between HP and PCP

Your monthly repayments are determined by the price of the car at the start of your agreement, the size of your deposit and the length of your agreement.

Cancellation Terms and Conditions

In line with FairSquare’s brand values, and in particular achieving fairness to our customers, suppliers and ourselves, we offer our customers the following cancellation provisions.


Need a little help understanding what certain words and terms mean? We've put together a list of all the jargon you need to know.

Frequently asked questions

Who are FairSquare and what is the FairSquare Way?
How is FairSquare different?
Are you regulated?
How can you offer market-leading prices and finance?
How are you different from other online car buying sites like Carwow, Carspring etc.?
What is a soft and hard search, and what are the differences?
What if I have poor credit score?
Do I have to put down a deposit?
Are there any hidden costs?
What about Road Tax?
Do all cars come with an MOT?
Where do you get your cars from?
Can I part exchange or trade in my existing car?
My existing car is already on finance. If I want to change it, what do I do?
How much can I borrow?
What if you don’t have the car I want in stock?
What about warranties?
Are used cars quality checked before you sell them?
Do you offer a delivery service?
What happens if I change my mind?
Can I call and speak to someone if I need help?

Legal disclaimer: FairSquare Europe Limited is a company incorporated in England & Wales (Reg No: 08023305). and having its Registered office address at 3 Brindley Place, Birmingham, B1 2JB. FairSquare Europe Limited is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities, Firm Reference Number 715086

We act as a credit broker not a lender. Fairsquare shall act independently in sourcing credit from our panel of funders.

As a credit intermediary, we maintain a panel of Lenders who are reputable and experienced in the motor finance industry and consumer credit sector and offer products and services to suit a variety of credit strengths.

FairSquare is committed to ensuring that applications for credit to finance your car are placed with the most appropriate funder for a transaction. As we act as a credit broker, we will receive a fixed commission for introducing you to a finance provider, any such amount a lender pays us will not affect the interest rate you pay under your finance agreement, all of which are set by the lender concerned.

Finance is subject to status. Applicants must be 18 or over.