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Car Finance Made Easy

  • Get a decision in minutes
  • No deposit options available
  • We'll offer our best deal
My monthly budget is
£
No impact on your credit score.

We use a soft search to give you a quote. If you proceed, a hard search will be conducted which may impact your credit score.

Representative 19.8% APR

How it works

1
Get approved
Receive your personalised car finance decision and approval in principle in minutes.
2
Choose your car
Buy from any verified dealership, or browse over 95,000 cars in our members area.
3
Drive away
We sort the paperwork with the dealer and lender. You just turn up and drive away hassle-free.
“
“It was stress-free, really helpful and I would definitely recommend”
Hannah
Bought a Fiat 500
Why choose
Car Finance 247?
  • Finding you the best deal
    We search our wide panel of lenders to get you the best deal for your circumstances!
  • Personalised Support
    You'll have a dedicated account manager on hand to provide expert support and to help guide you through the process.
  • Convenience
    Once provisionally approved, you're free to go at your own pace and on your terms.
  • Trust
    With over 450,000+ satisfied customers across the UK, we're a brand you can rely on.

Rated 'Excellent' by our customers

Frequently Asked Questions

  • The way car finance works is that you borrow money from a lender to cover the cost of your new or used car and then pay it back in affordable monthly repayments. There are several types of loan available and car finance is the catch-all term used to describe them.

    You’ll need to know how much you want to borrow and how long you want to borrow it for (the loan term) to find the car finance deal that’s right for you. You can also put down a deposit to reduce the total loan amount. If your loan is approved, you’ll then pay it back in monthly instalments, plus interest, for the duration of the loan term, which typically lasts between one and five years. Depending on the deal you choose, your finance might be secured against the car.

  • There are several types of car finance to choose from but the most common are Hire Purchase (HP) and Personal Contract Purchase (PCP).

    Hire Purchase: The loan is secured against the car and you won’t own it until you’ve reached the end of your agreement and paid the ‘Option to Purchase’ fee. You might need to put down a deposit but it’s unlikely that you’ll have to agree to any mileage restrictions.

    Personal Contract Purchase: Loans are also secured against the vehicle, but you don’t automatically own the car when the loan term ends. Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment. Monthly payments could be lower than with HP car finance, but you may have to agree to annual mileage limits.

  • Deciding on the best car finance option for you will depend on your individual circumstances, the car you want to buy, and how you want to use it.

    With Hire Purchase (HP) finance, you’ll own the car at the end of your loan term, but your monthly repayments might be higher than other options and you won’t be able to sell or change the car during your agreement.

    Personal Contract Purchase (PCP) car finance could offer the lowest monthly repayments, but you may have to agree to mileage restrictions, and you won’t automatically own the car at the end of the loan term. At the end of the term you can decide whether you want to return the car, or pay the final balloon payment to keep the car.

    No matter which financing option you choose, at Car Finance 247, we’ll always look to try and find you the best deal from our panel of lenders.

We look to find the best rate from our panel of lenders and will offer you the best deal that you're eligible for. We will be paid a commission for providing our services and this commission may be a fixed amount or a percentage of the amount borrowed. The interest rate you pay is directly linked to the amount you are borrowing and your individual credit status.