Why Choose Us?

We offer unsecured car finance agreements and can offer specialist help to people with a poor credit history.

At David James, we aim to help our customers understand all the finance options that are available to them, before looking to tailor the finance solution that is best for their needs. That is why on this page you will find out all the information you will need. You can always reach us on 0191 266 1457 to speak to our finance experts.

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You enter into an agreement over a fixed period at a fixed instalment. Upon payment of the final instalment, the vehicle becomes yours. We can tailor the deal to suit your needs with deposits starting from only £100.


  • An alternative funding line to bank overdrafts
  • Ownership at the end of the contract
  • Low initial outlay
  • Flexible contract
  • Fixed monthly cost
  • Business capital not tied up in a depreciating asset


PCP works very similar to Hire Purchase – with the added advantage of a guaranteed future value on the vehicle (GFV) at the end of the period.

PCP is for the individuals who want the option of eventual ownership, coupled with the security and peace of mind of the Finance Company guaranteeing the vehicle’s value (subject to normal wear and tear and an agreed mileage) at the end of the period.

The option of a low initial deposit is payable, followed by a fixed monthly payment for the period of the finance. At the end of the agreement, the guaranteed future value (GFV) becomes relevant and you have 3 end of contract options:

  • The vehicle may be owned by paying the guaranteed future value. This value is fixed at the start of the agreement and will be as stated in the original documentation.
  • The car can be handed back to the Finance Company, subject to the vehicle meeting the conditions in the agreement.
  • The vehicle may be part exchanged against a new vehicle using any equity, the difference between the cars trade-in value and the guaranteed future value, as a deposit.

Why Dealer Finance?

Terms & Conditions

PCP Contracts

Finance is based on a personal contract purchase. At the start of the contract the legal owner is the finance provider and at the end of the agreement there are 3 options:

  1. Renew: Part exchange the vehicle.
  2. Retain: Pay the Optional Final Payment to own the vehicle or to sell the vehicle.
  3. Return the vehicle: Optional final payment not payable if you opt to return the vehicle at the end of the agreement (vehicle condition, excess mileage and other charges may be payable).

HP Contracts

Finance is based on a hire purchase contract. You will not own the vehicle until all payments are made. At the start of the contract the legal owner is the finance provider and at the end of the agreement ownership will pass on payment of the option to purchase fee.

Credit is subject to status. We are a credit broker and not a lender. We typically receive commission from lenders for introducing you to them, calculated by reference to the vehicle model or amount you borrow. We use a panel of lenders including, Alphera, Northridge, FCA, Evolution, Close Motor, Blue motor, Oodle, V12, First Response, and car finance 24/7. An introduction to a lender does not amount to independent financial advice.

Different lenders may pay different commissions for such introductions, and Alphera Financial Services also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. We seek to introduce you to whichever of the lenders on our panel is able to be make the best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders.