FAQs

Usually 10-20% of the cost of the vehicle. The exact sum will depend on your financial situation and the car you are considering for finance.

This is dependent on several factors including:

• How much you want to borrow against the value of the car you are interested in purchasing or refinancing
• The type of car it is
• The length and structure of the agreement
• The type of finance you choose
• Your personal circumstances

If you’d like a quote, please contact us and we’d be delighted to help.

You can reduce your monthly payments in the following ways:

• Increase the size of your deposit at the start of the agreement
• Extend the term of the agreement.
• Defer the balloon payment until the end of the agreement

Please note; by extending the term or deferring the balloon payment, you are likely to pay more interest over the term of the agreement.

All of our agreements are bespoke for each customer. Please contact us and we’d be delighted to help.

Of course. Please contact us for more information.

Yes, as soon as you have paid off the outstanding balance or settled your agreement early, the car is yours and you are able to sell it if you wish. Please note, whilst you are still making monthly payments for your finance, you are not legally entitled to sell the car.

We will perform the following checks:

• Financial background including assessment of income and outgoings
• Current business performance if self-employed, via Profit & Loss statements
• Credit report with Experian
• Vehicle checks
• AML checks

We will consider applications from High Net Worth Individuals (please see below for full definition) and companies purchasing the car for business purposes.

To qualify as a HNWI you must:

• Have received a net income of at least £150,000, during the previous financial year i.e. the most recent financial year ending with 31^st March (typically for a Pay As You Earn (PAYE) individual this equates to a salary of more than £265,000 a year Gross)
• And/or have Net Assets of at least £500,000 over the same period, excluding the value of your primary residence or any loan secured on that residence, any rights under a qualifying contract of insurance or any benefit (e.g. in the form of a pension or otherwise) that you are entitled to at retirement or at the termination of the agreement with us

We aim to be as fast as possible. Once we have all of the information required, loans are typically underwritten within 2 working days.

Cambridge & Counties Bank is a unique partnership between two established and respected institutions – Trinity Hall, Cambridge & Cambridgeshire Local Government Pension Fund. You can find more information about our story here.

Cambridge & Counties Bank is regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

A summary of our annual results can be found here on our main bank website www.ccbank.co.uk.