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Motor finance

At Paragon, we only work with reputable dealers and brokers who undergo stringent checks to become part of our panel.

  • Competitive and flexible finance packages
  • Straightforward and easy-to-understand products
  • Help and support from our Customer Servicing team

All dealers offering Paragon products have been through a comprehensive registration process before being appointed.

Enjoy peace of mind knowing that you will receive a fair and competitive finance package.

What is Hire Purchase? What is Lease Purchase?
  • An initial deposit may be required
  • Fixed monthly payments over a set number of months
  • You are effectively hiring the vehicle and only own it when all payments including the option to purchase fee have been made
  • Interest rates are fixed for the entire term
  • You can set your own payment period – anything from 24-60 months that may be determined by the age of vehicle
  • An initial deposit may be required
  • Fixed monthly payments over a set number of months
  • Balloon payment or lump sum is deferred to the end of the agreement. Determined at the outset of the agreement with reference to the age of the car and the forecast mileage
  • You are effectively hiring the vehicle and only own it when all payments including the balloon and option to purchase fee have been made
  • Interest rates are fixed for the entire term
  • You can set your own payment period – anything from 24-60 months that may be determined by the age of vehicle

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Help and support

For queries on your existing loan account please contact our Customer Servicing team

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551