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Car Finance Deals

Get a quote No impact on your credit score

Rates from 6.9% APR. Representative APR 27.4%

Car Loans | Car Finance 247 Car finance cityscape background Car finance cityscape background
Trustpilot 5 stars
4.7 out of 5
5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9%: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

How does it work with CarFinance 247?

You get approved image

You get approved

The first step is all about you. You'll have your own account manager on hand to help you to get the best deal possible.

We approve the car image

We approve the car

Buy from any reputable UK dealer or choose from 130,000+ cars on our car search. We do all the checks, including making sure there's no history of theft or write-off.

Pick up the keys image

Pick up the keys

We'll finalise everything and send you your documents. All signed? It’s time to drive away!

Car finance deals with CarFinance 247

Need car finance? You’re in the right place!

Sorting your finance shouldn’t be difficult, that’s why we’ve made it our job to take the hassle away. This starts by us searching and comparing car finance deals from our large panel of lenders to find the one that’s right for you. We do all the leg work so you can concentrate on the fun bit – finding the perfect car.

How can you get the right car finance deal for me?

We start by getting to know you. Our simple application form helps us to understand you as an individual, making it easier to find a finance deal that’s tailored to your specific wants and needs. Working with lots of lenders means we can compare many finance options before giving you a no obligation quote. So whether you’ve got a good credit history or you're looking for bad credit car finance, we’ll work hard to find a finance option that suits you.

We sort your finance first, so you can search for a car with a budget in mind. To make your life easier, one of our experienced account managers will be your dedicated point of contact throughout. From answering any questions you have about the car finance itself to helping you to find the right car, they’ll be on hand to help as much or as little as you need them.

The choice of car is down to you. You can pick a car from any reputable UK dealer and we’ll carry out the checks to make sure you’re good to go!

What type of car finance deals do you offer?

Hire purchase (HP)

Hire purchase (HP) is a very common form of used car finance. HP is an agreement between you and a finance company that allows you to hire the car from the lender until you’ve paid for it in full. When it’s all paid off, the car is yours!

With a HP, you have the option to put a deposit down. Doing this will shrink the total loan amount, reducing your monthly payments. With HP finance, you also have the option to pay off the outstanding finance at any point by requesting a settlement figure from the lender.

Personal contract purchase (PCP)

Personal contract purchase (PCP) is fairly similar to HP with regular monthly payments over a set period of time and the option to put down a deposit. PCP monthly payments are typically lower than HP payments as you don’t own the car at the end of the agreement.

Instead, if you decide to keep the car, you’ll need to pay what’s known as a ‘balloon payment’. If you don’t want to keep the vehicle, you can give it back or start a new PCP deal and get a new car. If you choose to return the car at the end of the agreement, should the vehicle be subject to damage that is not classed as general wear and tear there may be charges set by the lender.

Personal Loan

Personal loans are a method of finance suitable to customers with good credit and allow you to borrow an amount of money over a fixed amount of time. With a personal loan, you will officially own the car upon the dealer receiving payment, as unlike PCP and HP agreements, the loan is not secured against the vehicle itself. This also means that with this finance option, you’re allowed to sell the car anytime without needing permission from your lender.

Guarantor Loan

Guarantor loans are a method of finance suitable for people with poor credit histories, allowing them to buy a car. This deal requires a third party (typically a relative or friend) to guarantor your loan, which means that they are agreeing to make any repayments that you fail to make.

Lease Purchase

Lease-Purchasing works by deferring a percentage of the total cost of the car until the end of the agreement term period. By deferring this, your monthly payments should be generally lower than that of a HP agreement. At the end of a lease-purchase agreement, you’ll own the car.

Lease-Purchasing is similar to a PCP agreement but the deferred sum - referred to as a ‘balloon payment’ in a PCP deal - must be paid on a lease-purchase agreement. At the beginning of your agreement, you may be required to pay a number of monthly payments, which are referred to as ‘advance payments’ and are the leasing equivalent of a deposit.

How do I choose the right deal for me?

Factors to consider when choosing your car finance deal:

How long would you want to keep the car for?

Depending on how long you want to keep the car for, you may find that one finance option is more suitable than another.

Example: For a short-term arrangement, or the option to regularly change your car, a PCP deal may be more appealing.

How much can you afford to pay back?

The total amount you’re looking to borrow will affect how much you pay back monthly.
Example: While you may have a set total loan amount in mind, make sure that monthly payments are manageable for you. Putting down a deposit will reduce overall repayments, and PCP and lease purchase agreements can often have lower monthly payments.

What is your credit history?

Your credit history influences the APR given to you, as well as the likeliness of getting a car finance deal.
Example: Poor credit histories can lead to higher rates and there also may be a reduced number of car finance options available to you. It’s important to understand your credit history before you apply for any form of finance.


Car loans provide many people throughout the UK with the opportunity to get a new vehicle, without the worry of having to find the funds upfront.

Instead, the cost of the car can be spread over a set period of time (usually 3-5 years), until the loan is repaid. The most common form of car finance with our customers is that of a hire purchase agreement. With this loan option, you are essentially hiring the car from the finance provider and when the car loan is repaid, the vehicle will officially belong to you. In most cases, you do not need a deposit and you can pay off the outstanding finance at any point by requesting a settlement figure. Other finance options available include personal loans, guarantor loans and PCP agreements.

As we work with a large panel of lenders, we have finance options available to suit people with varying circumstances.

To apply for a car loan, you need to be a permanent UK resident, aged 18 or over, with a regular income to support any potential car loan repayments. The rate you’re offered will be dependent on your credit profile, and we have competitive rates that are appealing to customers with a range of credit histories.

Our free car loan calculator can help you to work out your estimated monthly loan repayments. Simply enter the amount that you’re looking to borrow, your preferred repayment period and set your credit score - the calculator will then give you estimated monthly payments.

When you apply for a car loan, we’ll look into your individual circumstances in more detail to find the best available car loan option for you, before providing you with a no obligation quote.

Applying takes a matter of minutes – we just need a little information from you so that we can make sure we’re providing you with the best possible car finance option.

You’ll get a decision in minutes, and if approved, your dedicated account manager will take you through the rest of the process, answering any questions you may have along the way! Remember, you don’t need a perfect credit score to apply for car finance, with bad credit car loans also available.

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We have access to a wide panel of lenders that offer a range of financing options to suit your financial and credit circumstances.

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