Paragon Car Finance Review |

Paragon Car Finance

Last Update: April 25th, 2016

Address: 51 Homer Road, Solihull, B91 3QJ.
Branding: Paragon Car Finance. AKA: Paragon Finance, PCF.
FCA Licence: 617981.
From: Paragon Group of Companies Plc.
Launched: 2014 (1998 as Universal Credit).
Memberships: Non.
Related: No companies.

Loan Details…
Available: Monday (8.30am/7pm), Tuesday to Friday (9am/7pm), Saturday (10am/5pm).
Bad Credit Considered: Fair-to-good score required.
Manage: No Paragon Car Finance login at
Niche: Car.
Products: Hire purchase, lease purchase.
Sums: ? to £100,000 (new and returning).
Terms: 12 to 60 months.

The Pricing…
No current estimate.

Notes: Leads are processed through brokers and dealers only. Very little service data is known, so we’ll just add some background info below.

Additional Info…
Started out life in 1985 as the National Home Loans Corporation. They acquired Universal Credit in 1998 that sparked their beginnings in the world of motor financing. It took a big £25 million purchase to land this brand from Lloyds. As we believe, Universal had been formed a few years previous to the sale in 1986. Paragon finance became very popular during their heyday, when they worked with over 2000 motor dealers between the years of 1998 and 2008. After a long period out, a relaunch came in 2014 that came soon after the Group had formed a banking subsidiary. Whilst their website is designed well, it is pretty empty on the content front.

The core product is a hire purchase plan that requires no deposit and funds up to £100,000. This is much larger than most lenders with the exception of Black Horse who extend to £250,000. This company makes quick lending decisions. Whilst we are unaware of which dealers you can find them in, they have become listed at many major brokers such as CarFinance247, Zuto etc. Of the large Zuto panel (18) only 4 badges are shown and this lender is one of these that highlights their solid reputation that was built in their early years. The main Group itself has enjoyed success in a range of financial markets such as debt purchasing, mortgages and secured loans.