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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

Car Finance Calculator

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How can I help you?

Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Is car finance treated as or like a personal loan?

Hi there, I am looking about £11000 for a nearly new car. I have a good credit rating and a current vehicle to use as a part ex or deposit. I will be hoping to negotiate a lower price, what will happen to any "left over" cash from the finance agreement if approved for £10000?

Posted by Mark on


Hi Mark, thank you for your question and apologies for the delayed response. As hire purchase / car finance is not treated as a personal loan you don't actually get to see the cash as such as the finance company advances the dealer the funds for the purchase of the car.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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