Frequently Asked Questions
How long does it take to get approved
Decisions are usually given in 30 mins or less (during business hours)
Does applying for finance impact my credit score?
Mallard Finance will let you know if you have been approved for finance with no impact on your credit score
Can I pay my agreement off early?
You are able to settle your agreement at any time with no penalty charge, you can request a settlement figure here
Can I get an electric car on finance?
We can finance electric vehicles
Can I finance a vehicle with zero deposit?
Yes we can often finance vehicles with no deposit, you can also increase a deposit to reduce the monthly payments
Can I buy a car from any dealership?
You can buy a car or van from any dealership we consider reputable. We will conduct background checks on the dealership to ensure you are dealing with a reputable dealer.
I am struggling to keep up with my monthly payments what should I do?
If you’re having difficulty making your monthly repayments, it’s important to contact us as soon as possible. We can discuss forbearance options such as payment extensions or adjustments to your repayment plan. Visit our Money Worries section for more information.
What is HP?
Hire Purchase (HP) secures your finance agreement against the vehicle. It’s a way of spreading out the cost in a series of monthly payments. Once you’ve completed all your payments, you’ll own the vehicle outright.
I am self-employed or own my own business, can you still offer me finance?
Yes , subject to status we can offer finance to self-employed individuals or companies.