Personal
Car Loan

Car Loans | CarFinance 247
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No impact on your credit score
Rates from 6.9% APR. Representative APR 19.9%
Car Loans | CarFinance 247
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4.6 out of 5

What’s the difference between a personal loan and other types of car finance loan?

The main difference is that a personal loan is not secured on the car - it’s totally separate, so you can sell the car at any time during the loan period. The car can't be repossessed if you fail to make your payments, but the debt still applies and you will have to repay it.

Is it right for me?

Personal loans are ideal if you’re looking to use some of the loan to cover extras in addition to the car, including road tax and insurance. Personal loans tend to be suitable for those with good or fair credit histories, with few or no financial problems in the past - missed mortgage payments, defaults or CCJs, for instance.

Consider all the options first

Before committing to any one finance option it is well worth considering all the choices open to you. Our qualified account managers will help. They understand car finance in detail, and it’s their job to use that knowledge to find a finance option that suits your individual needs and preferences.

Ready to start?

Applying with us only takes a couple of minutes and won't affect your credit score


* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.

247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this

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