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SUZUKI FINANCE

Our car finance plans help to spread the cost of a new or used car, so instead of paying the full amount up-front, you can pay for the car over a number of months to suit your budget.

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WHAT IS CAR FINANCE?

When looking for a new or used car, it’s likely that you’ve come across lots of car financing options that can leave you scratching your head and unsure which finance option is right for you - or even whether you should get your car on finance in the first place!

Car finance might not be for everyone, but it does help to spread the cost of a new or used car over monthly repayments, which you agree before signing anything. Suzuki offer a range of finance plans to suit individual preferences and circumstances. 

CAR FINANCE AND OWNERSHIP

Each of these products works a little differently, but put simply, Suzuki Finance buys the car on your behalf and owns the car for the duration of the finance agreement. With PCP & HP you’ll then have the option to become the owner of the vehicle after all the repayments including any interest have been made.

When you purchase a car on finance, Suzuki Finance will buy the car on your behalf and will own the car for the duration of the finance agreement. This means that if you’ve chosen a Personal Contract Purchase (PCP) or Hire Purchase, your vehicle will be owned by Suzuki Finance until the final repayment including any interest has been made - and after that, you will become the owner of the vehicle!

It’s worth noting that this differs for PCH where at the end of your agreement you must return the vehicle as there is no ownership option.

This means there are two options if you are looking for car ownership.

  • Hire Purchase: Own the vehicle once all the repayments, including interest and £10 purchase fee, have been paid.
  • Personal Contract Purchase: Own the vehicle outright by paying the option final repayment (this will include the £10 purchase fee).

There are two other options at the end of a PCP agreement – for more information on these please see our PCP guide. 

HOW DO CAR FINANCE DEPOSITS WORK?

When you make the decision to finance any product that has a high monetary value, whether that’s a car, or a piece of furniture for example, you might be asked to put a deposit down. This deposit secures the item to be sold to you and not another person - and it also helps to lower the total cost of what you pay per month on your finance agreement.

You’ll agree with your dealer an initial deposit, as well as your agreement term and monthly repayments. In some instances, Suzuki Finance can offer zero deposit options, which can be helpful if you have limited savings when you’re looking to purchase a new or used car.

CAR FINANCE AND CREDIT RATING

If you choose to purchase a Suzuki vehicle on either HP or PCP, your dealer will run a quick few credit checks with you. We do this to make sure that you’d be able to reasonably afford to make repayments on your car.

Details of your credit agreement will be recorded with credit reference agencies:

  • HP agreements are recorded as unsecured lending products in line with industry practice.
  • PCP agreements are also recorded as unsecured lending products with the final repayment amount also being included in the total outstanding balance recorded with the credit reference agencies.

Should you choose the option to return the vehicle at the end of your agreement, the outstanding balance will be adjusted to reflect that the optional final repayment is no longer due.

If you are struggling to make repayments on your car finance plan, it’s best to speak to our Suzuki Finance team as soon as possible - they’ll be able to help discuss your options. If you do fail to maintain contractual repayments, the vehicle is at risk of repossession.  

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A NOTE ON THE RECENT

FINANCIAL CONDUCT AUTHORITY ANNOUNCEMENT

The Supreme Court made a ruling on 01 August 2025 relating to Motor Finance cases
If you’ve already submitted a complaint about potential motor finance commission, we continue to manage these in line with the latest Financial Conduct Authority (FCA) guidelines. If the FCA makes any updates that affect this, we will let you know.

Information about the FCA motor commission complaints handling pause
On 11 January 2024 the Financial Conduct Authority (FCA) announced their intention to review historical motor finance discretionary commission arrangements (DCA) across the motor finance industry. Due to this, they paused the requirement to respond to complaints involving DCAs.

On 19 December 2024 the FCA extended their pause to include motor finance complaints where a non-discretionary commission arrangement (non-DCA) was involved.   

Temporary changes to complaint time limits for DCA and non-DCA complaints:

  • The complaint handling pause has been extended to after 4 December 2025. This means they’ve paused the eight-week deadline to respond to certain complaints about motor commission and you won’t be able to ask the Financial Ombudsman Service to look at your complaint, until after the pause has ended.

  • You will have more time to refer complaints to the Financial Ombudsman when a final response is issued. Instead of the usual 6 months, you have until 29 July 2026, or 15 months from the date of the final response letter, whichever is later. The timelines will be confirmed in the final response letter we send you. 

  • The FCA intend to set out next steps in their DCA review in May 2025. They hope to also provide an update on non-DCA commission complaints at the same time.

You can read more about the timelines on the FCA's website which explains the reason for the pause.