Autoprotect MBI Ltd is authorised and regulated by the Financial Conduct Authority, their firm reference number is 312143, you can check this at Motor Depot Limited is an Appointed Representative of Autoprotect MBI Ltd for insurance distribution purposes. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. Should this be the case, we will ensure that you receive a new quotation. Please be aware that if you select a different vehicle during your decision to purchase, the interest rate available from the lender may differ. Each car on our website is provided with a representative finance quotation based on the interest rate available on that vehicle. We typically receive a fixed commission calculated by reference to the particular vehicle, product or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement all of which are set by the lender. We act as a credit broker not a lender, we can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase and we will only introduce you to these lenders. 4316950 VAT Number: 780 4977 88 Motor Depot Limited t/a .uk, smartdrive,, CarSupermarket.finance,, Trade Centre UK and Trade Centre Hull is authorised and regulated by the Financial Conduct Authority 662357, you can check this at InterestFree4Cars is a trading style of Motor Depot Ltd. Pictures are for illustration purposes only. Vehicle are supplied with balance of manufacturer's warranty where available. There are no fees for early settlement of the loan.ĭisclaimer: Specification details provided by a third party and in some cases may not be accurate, please contact us for more information. Extended warranties are offered (optionally) and can also be financed at 0%. The borrower is the registered keeper of the car and is responsible for the upkeep of it including servicing and repairs. The cost of the car is spread equally over a maximum of 5 years. There is no hidden cost at any point of the agreement. Interest Free 4 Cars offer customers good, quality used cars on finance with no interest payable over the term of the loan. Interest Free 4 Cars aims to fill that void by providing an honest, interest free finance option on all our cars.Ī Muslim car financing option has been required for a long time. This usually involves the bank buying the house but selling it back to the borrower at an inflated price and the customer paying "rent" until the total amount is paid off.Īn empty space waiting for halal (Lawful/Legal) car financing has been evident in the UK. In order to comply with Sharia, consumer banking has set up services for Muslim customers offering mortgages. Sharia law requires that Muslim people are not permitted to pay or receive interest. ![]() This immediately creates a problem for Muslims, as conventional banks charge borrowers an interest rate through which they make profit. The core of Islamic economics is a prohibition on interest, meaning Muslims cannot take or give interest on anything. Conventional United Kingdom financing options conflict with the core beliefs of the Muslim faith, and as a result, gives Muslims living in the UK who wish to finance a used car no choice but to go against their beliefs.
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