Help & Advice

How it works

How it works


Using CarFinance 247 couldn’t be simpler. We’ll give you a decision on your finance application within minutes* and, if approved, you could be driving away in your new car within days!

Using our service is quick and easy. Plus, we consider all financial circumstances, (such as whether you are employed, self-employed, retired etc.) and whether you have an excellent credit history or need bad credit car finance. We can even help if you have been refused elsewhere.

Simply use our car finance calculator to get an indication of how much you could borrow. We don’t require a deposit, but if you do have an initial sum that you wish to put down or a vehicle to part-exchange, you can use this to reduce the total amount you are looking to borrow.

If you make an application for finance with us and this application is approved, one of our highly trained customer service specialists will be in touch to confirm the approval and to give you more information, for example on the loan amount and rate that you have been approved on.

Once we have confirmed the details of a car finance deal we have for you, and if you wish to proceed with the application, we’ll ask you for documentation (such as proof of income, ID etc.). And then, the exciting bit, you can get searching for a car!

With our hire purchase agreements, you can choose a car from any reputable dealership in the UK, so the choice really is in your hands. To give you a helping hand with your search for a car, if approved with CarFinance 247 you will also be given access to our exclusive members’ area, which features over 110,000 cars from approved dealers.

Once you have found a car, we just need you to send the details over to us while we carry out a few car and dealer checks, before giving you the thumbs up for the vehicle. Remember, we can also offer finance agreements on vans, motorbikes and motorhomes too.

We then just need to finalise the finance with the lender before you can sign your finance agreement, arrange the collection of your vehicle, and drive away happy!

Answer correct as of November 2016

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Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender