Compare your
car finance deals
-
compare dozens of options
-
Get the best rate
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Sell & maintain your car
Representative example: borrowing £7,000 over 5 years with a representative APR of 21.9%, the annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the monthly would be £178.52, with a total cost of credit of £3711.20 and a total amount payable of £10,711.20. Rates may differ as they are dependent on individual circumstances'. Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Automotive Online Ltd are a broker not a lender. We earn a commission for providing our services, but this does not influence the interest rate you're offered in any way.
Calculate your monthly payments
Monthly Payment
£247
Total Payable
Cost of Credit
£19,237
£2,237
How much do you want to borrow?
WHAT IS YOUR CREDIT SCORE?
Based on 9.9% APR
Financial Information and Features
Experience
dozens of deals
manage your motor
What is car finance?
Car finance is a way to spread the cost of a car over several years, meaning you can make regular monthly repayments to get a car you want, at a price you can afford.
Several types of car finance are available, including HP, PCP, and Leasing. We can help you find the best deals for all types of loans by comparing dozens of lenders.
Not only do we make it easy to finance a car, we've also made it easy to manage it too. You can arrange your car insurance, scheduled maintenance and even sell it.
Your questions answered
Do I need a good credit score?
Having a good credit score can often lead to lower interest rates. But we work with many different lenders, so if you've missed payments in the past or know you have a bad credit score there may still be options available.
If you have a thin credit rating (never had loans or credit cards), we can also help you build your credit score before applying.
Making affordable repayments on your car finance can show you're responsible with money and help improve your credit score over time. But payments need to be made on time and the loan amount should suit your financial circumstances.
Will applying for car finance affect my
credit score?
When you make an application on Compare Car Finance, we check your credit report but this doesn't affect your score. It's a soft-search and not visible to other companies.
When you choose a lender and complete the final paperwork, they may run a hard-search which is recorded on your report and could impact your score.
What do I need to apply?
Completing an application is easy and can be done in under a minute. We just need to know:
- Your name, address and date of birth
- Your employment history and income
- What vehicle/amount you'd like to finance
When you speak to the lender, they will usually request:
- A copy of your driving licence
- Proof of UK address
- Proof of income (payslip, bank statement or tax return
How much does car finance cost?
How much it costs to get a car loan is based on factors including:
Loan amount - The more money you borrow, the more you will pay back.
Interest rate - The interest rate, also known as the APR, is the extra cost of borrowing money on top of the vehicle price
Type of car finance - Choosing between Hire Purchase or Personal Contract Purchase can affect the monthly repayments, as PCP has a balloon payment at the end rather than spread across the loan
Length of agreement - If you're borrowing money for longer, you pay the APR over a longer time and pay back more than the same loan amount over a shorter time.
Which finance is right for me?
| Deposit | Balloon Payment | Own at End | Mileage Limit | |
|---|---|---|---|---|
| Personal Loan |
NO
|
NO
|
YES
|
NO
|
| Hire Purchase |
YES
|
NO
|
YES
|
NO
|
| PCP |
YES
|
YES
|
YES
|
YES
|
| Leasing |
NO
|
YES
|
NO
|
YES
|