Pegasus Finance

Pegasus Finance: a broker focused on motorhome, campervan and caravan finance

Pegasus Finance operates as a finance broker rather than a lender, arranging funding for leisure vehicles. Its stated focus is motorhome finance, campervan finance and caravan finance, and it also lists horsebox, horse trailer, boat, classic car, supercar, electric vehicle and commercial van finance among its areas. The company presents itself as a trading style of The Car Loan Warehouse Limited, authorised and regulated by the Financial Conduct Authority with FRN 662397 and registered company number 08127935.

How the advisory service works

The broker describes a one-to-one, non-automated process in which each customer is assigned a dedicated advisor who assesses their needs and handles the application, including contacting lenders and completing forms. The service is presented as free to the customer, with the company stating that it earns commission from lenders instead of charging a fee. Pegasus Finance notes that it does not provide financial advice and introduces clients to a limited panel of lenders based on their credit profile.

According to the site, approval is typically reached in under an hour on average, and the company highlights quick payout to dealers as part of its process.

Loan amounts, terms and rates

The published parameters for the finance it arranges are:

• Borrowing from £10,000 to £350,000.
• No deposit required.
• Repayment terms spread over 3 to 15 years, with the representative example citing terms available from 12 to 180 months.
• APR range stated as 9.9% to 29.9%.

The representative example on the site sets out borrowing of £8,000 over 48 months at a representative APR of 11.9%, an annual interest rate of 6.1% and a £0.00 deposit, with 48 monthly payments of £207.92, total credit cost of £1,980.16 and a total amount payable of £9,980.16. The site also includes a loan calculator with a 9.9% APR illustration and notes that this does not constitute a quote and that rates may vary with personal circumstances.

Purchasing and eligibility conditions

Pegasus Finance states that customers can buy from most UK dealers. All finance is subject to status and income, applicants must be 18 or over, and terms and conditions apply, with guarantees and indemnities possibly required. The company also notes certain exclusions for Northern Ireland residents.

Commission and lender relationships

The broker discloses that it receives commission from lenders, either as a fixed fee or a percentage of the amount borrowed, and that it may pass a proportion of that commission to the motor retailer that introduced the customer. It states that commission does not affect the interest rate paid compared with customers in similar circumstances, and that it will disclose the commission amount on request.

Environmental commitment

The company states that it supports Mossy Earth, an organisation dedicated to offsetting carbon footprints through forest planting and habitat restoration to boost biodiversity.

Customer feedback shown on the site

The website displays Trustpilot reviews dated between August and September 2024, in which customers describe fast, friendly and communicative service and name individual advisors. These are individual testimonials rather than an aggregate rating.