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 it works with CarFinance 247
Get a quote
With no obligation. We’ll then look to find a car finance option that’s right for you from our panel of lenders.
Find a car
Buy from any reputable UK dealer or choose from over 140,000 cars on our car search. Your account manager will take care of the checks and make sure there are no red flags.
Pick up the keys
We’ll sort out the paperwork. Simply sign, pick up your keys and drive away.
Car finance deals with CarFinance 247
Looking for car finance? You’re in the right place.
Getting a car finance deal doesn't have to be difficult. That's why we're committed to ending car finance confusion and helping you get a deal that works for you.
With our panel of lenders, we can look to find finance for you whether you've got good credit, bad credit, or somewhere-in-between credit. Plus, you'll have a dedicated account manager on hand to help, so you can focus on finding the car you really want.
How can I get the right car finance offer for me?
For us, used car finance is all about helping people improve their everyday lives.
Whether it's sorting out the school run, getting that big boot for the big shop, or just a car that you’re proud to park outside the office, we'll work to get the right car finance deal for you.
What's next? How to apply for a car finance deal
Whether you're looking for a Peugeot on PCP, a Honda on HP, or a personal loan for a Land Rover, we could help!
It all starts with a quote. If you're approved in principle, your account manager will give you a call to talk through your options. No strings attached. They can also answer any questions you have and give you access to our car search – a treasure trove of over 140,000 used cars ready and waiting to find a home. Found a car somewhere else? We could still help – just let your account manager know.
What type of car finance deals do you offer?
Hire Purchase Deals (HP)
With Hire Purchase (HP) car finance, the loan is secured against the car you're buying. You'll own the car in the end, but it won't belong to you until your final payment and 'option to purchase' fee are paid.
You can put down a deposit – although 0 deposit options are sometimes available – and then repay the rest in instalments, including interest, for anything from 12 months to seven years.
PCP - Personal Contract Purchase Deals (PCP)
If you're considering car finance deals, you might find that Personal Contract Purchase (PCP) could work for you – especially if you like to change your car regularly.
Just like HP, you'll typically pay a deposit followed by monthly payments for a set time period. However, you won't automatically own the car at the end of your contract. Instead you can choose to buy it (and pay the balloon payment), give it back, or trade it in for a new PCP agreement.
Terms and conditions will apply though; you'll need to agree how many miles you'll drive and keep the car in good condition to avoid extra charges.
Personal Loan Car Deals
With a personal loan, you can usually borrow a lump sum for a fixed time period. And unlike other forms of finance, the car is all yours as soon as you pay the seller.
Interest rates might be higher than they would be with another finance type but you can do whatever you like with the car straightaway: sell it, go on an epic cross-country road trip, or customise it however you like (even if it’s boy racer stripes!)
Guarantor Loan Car Deals
If you've found it tough to get finance in the past or you don't have a credit history at all, a guarantor loan could be the solution. This type of car finance deal needs someone else (usually a close relative or friend) to act as a guarantor for a loan, which means they agree to cover any repayments that you fail to make.
Lease Purchase Deals
A lease purchase car finance deal will allow you to defer part of the total cost of your car until the end of your agreement. This means your monthly payments might be lower, but you will be required to pay the 'balloon payment' at the end of your loan. Unlike a PCP deal, there are no other options – you're committed to fully purchasing the car.
How do I choose the right car finance deal for me?
There are a few different things you could keep in mind when choosing a car finance offer:
How long would you like to keep the car for?
How long you want to keep the same car – and whether you ever want to own it outright – could lead you to favour one car finance deal over another. A PCP car deal, for example, might be the right deal for you if you're looking for something short-term.
How much can you afford to pay back?
The amount you borrow, and the type of car finance deal you choose, will affect how much you pay back each month. Make sure that the payments you choose are manageable and look at the APR to judge how much you'll pay back overall. A deal with a deposit could also reduce your payments.
What is your credit history?
Your history with credit and borrowing will affect how likely it is that you'll be accepted any type of finance, including car finance and could change the APR you're offered now and in the future. The more you understand your credit report before you apply for finance, the better.
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.
UK's number 1
car finance broker*
£418,118,330 loans approved last month