Are you looking to buy a new car?

2 October 2024

With so many finance options available, such as PCP, car leasing, and loans, it can be difficult to know which is the best one for you.

No1 CopperPot, one of the UK’s biggest police credit union, offers loans – as well as savings and mortgages – exclusively for the police family.

It has put together a handy explainer setting out the key considerations and differences between a No1 CopperPot member loan, PCP, and car leasing. Click here to read it.

The main differences with a No1 CopperPot loan include no deposits or balloon payments, immediate ownership, and applications based on ability to repay, as well as no early repayment fees, repayments through payroll deduction, and life protection is included.

Loan calculator

Derbyshire Police Federation members who are looking for a loan can borrow up to £35,000 with No1 CopperPot over a maximum of 96 months, with rates starting from 7.9 per cent APR.

Members can use its online loan calculator to work out the best loan option for their budget and their financial situation.

Established in 1986, No1 CopperPot has a growing membership of over 40,000 members and aims to provide a secure and affordable alternative to traditional financial institutions which puts our members first

It’s three main aims are to encourage members to save, to provide affordable borrowing options, and to provide financial education.

Find out more about No1 CopperPot.