Review Time
They are unable to provide a figure they can lend upto based on Ltd accounts upfront so you know which car to afford.Yet take a car's value run a hard search and say yes or mo.This means the car value may be too high and there's no advice on how much more deposits to add to obtain the finance this leads to multiple hard searches impacting the Ltd credit rating ??? BonkersShould be like a mortgage or credit card application you provide the financial data they provide the max loan to buy a car then u can add the deposit...!!!
This is the best car finance broker in the UK as far as I am concerned. Lowest interest rates sure 💯 percent. I used them in September to refinance my car from a very high interest rate from skoda/volkswagen Finance. And I got 8.9% percent from them instead of 10.9% from skoda/volkswagen Finance. I highly recommend this broker. Fast, efficient, and great staff 👍
I honestly wouldn’t recommend anyone to go with Magnitude. This was my first time financing a car, and the experience has been stressful enough to affect my mental health. I wish I had never gone through with them, but now I feel forced into it.At first, my advisor Chloe seemed cooperative, but that quickly changed. Magnitude are extremely picky about which dealerships they will work with, even rejecting FCA-regulated and long-established dealerships. That in itself is frustrating, but what made it worse was Chloe’s attitude. Instead of explaining things politely, she would just dismiss me with a blunt “NO, we won’t work with them”. I found her customer service rude and unhelpful. By contrast, when I dealt with Conner and Nathan, they were respectful, professional, and far easier to speak with.When I found a car I really liked, Chloe immediately said they wouldn’t work with that dealer. Even the dealer was surprised, since they had worked with Magnitude before. Chloe didn’t care and just wanted to push me to move on. When I mentioned that the dealership was offering finance, her tone got even worse, making me feel like I’d be “stupid” for considering another option.Later I found another car, the dealership offers finance, they offer 9.3% which they said I have been accepted by a soft credit check, however magnitude was closed and I was told I have a lender who will offer me a certain % (not sure how much I can disclose) , so I was sensible and waited the next day to speak to magitude to see if they can work with this dealership, which Conner or Nathan said they can. when comparing finance offers, I specifically told Magnitude not to run any more credit checks without my permission. They agreed. Despite this, after one of their lenders declined me they ran another hard credit check without telling me, and did not inform me at all, I received an email saying we found you a lender who offer higher % than the dealer can. This is not just poor practice — it is illegal. Running a credit search without consent may breach FCA regulations, GDPR/Data Protection laws, and responsible lending obligations. Multiple hard searches can also damage your creditworthiness and limit your ability to secure finance elsewhere.When I challenged Chloe, she brushed it off, saying “well, you’ve been accepted, but if you want to close your application, I’m happy to do so.” That completely ignored the damage already done. Even if I was to work with the dealership lender, I wouldn’t be able to get the finance due to 2 hard credit checks. In the end, Chloe was by far the worst part of this whole experience. She was consistently rude, dismissive, and spoke to me in a way that felt belittling. On top of that, she completely ignored my instructions not to run another credit check — and still went ahead without my consent or knowledge. That is not just bad service, it’s a serious breach of trust and potentially illegal, as it goes against FCA regulations and data protection laws. Her attitude was terrible, and the way she handled my application has left me feeling disrespected and stressed.
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Magnitude Finance provides car finance for any car - from hatchback to hypercar. We offer the widest choice of deals available - try our online finance calculator for a quick and easy quote. If you need something a little more bespoke, our concierge team will be happy to help.
We pride ourselves on getting to know our customers and taking the time to understand their initial demands, but also their long-term plans so we can provide an ongoing best-in-class service. We can offer meetings face-to-face, you can access us online via our state-of-the-art calculator or contact us by phone/email at a convenient time to suit you.
Magnitude is a credit broker, not a lender. Representative APR currently 8.9%See more
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