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