Name: Car Finance
Brand: ChooseMyCar
SKU: 16
Rating: 5 (1225 reviews)

Fast, Free, Simple
Trusted Lenders from Across the UK
Save Money on Your Next Car
Ranked #1 out of 102 Car Finance companies*

Check Your Eligibility!

No impact on your credit score

Rates from 6.9% APR. Representative 21.4 APR

Finance Calculator: How Much Can You Afford to Spend On A Car?

Representative example:

Borrowing £6,500 over 48 months with a representative APR of 21.4%, an annual interest rate of 21.4% (Fixed) and a deposit of £0.00, the amount payable would be £196.24 per month, with a total cost of credit of £2,919.52 and a total amount payable of £9,419.52

We’re rated Excellent

5 out of 5 on Reviews 555 “ChooseMyCar is Ranked #1 out of 102 companies in the section Car Finance and Loan Companies with 884* 5 Star Reviews”
^{*as of August 2021}

How Can I Secure the Best Car Finance Deal on the vehicle I want?

There’s never been a better time to buy a new or used car: there are hundreds of thousands of brilliant new and pre-loved cars out there just waiting for a new driver to put them on the road.

You could be that driver.

Buying the car you need at a price you can afford means getting the Very Best Deal on your Car Finance.

Top Car Buying Tips from ChooseMyCar.com’s Experts

How to Choose your car wisely?

First up: choose your car. The type, age and manufacturer of a car will all impact how lenders calculate the cost to you. Some cars depreciate more, some less. Popular cars mean more choice and lower up-front prices.

More importantly; choose the car that is going to suit your needs now and in the future – size, ownership cost, extras and essentials. You’re going to be paying monthly for a few years at least so make sure you choose a car you’ll love as much tomorrow as you do today. Read our Quick Car Guides to Help You Choose Your Next Car.

How to buy from a Reputable Dealership?

Lenders are always more comfortable when they trust the dealership you’re buying your car from. Fewer headaches mean lower risks for them and a better deal for you.

It also means more peace of mind if something goes wrong, with warranties and returns available. Read our Guide to Reputable Dealerships to learn more.

How do I compare quotes from a panel of lenders to secure the very best deal?

Your first quote might sound like a brilliant deal… but is it the best deal? You’ll never know if you don’t ask other lenders. Individual lenders have different ways to assess you and your credit history, and different systems to calculate the finance they’re going to offer.

We work with the UKs most trusted Car Finance Lenders and compare their offers to get you the best deal.

Who are Our Lenders and What do you Need to Remember when Applying to Them?

What are my Car Finance Consumer Rights?

Knowing your rights puts more power in your hands: power to know when you can negotiate fees, power to challenge any fees a dealership may add to your finance and the power to ensure you’re protected, whatever happens. Read our handy know Your Rights Guide.

Best Used Car Finance Deals

We've put together a handy table to let you see, at a glance, which finance option is the best one for you.

	Hire Purchase	Personal Contract Purchase
Requires initial deposit	Usually requires deposit	Usually requires deposit
You own the car outright
Car is yours at the end of the agreement
Fixed monthly payments
Optional baloon (final payment)
Excess mileage charges
Secured against an asset (eg. car)

What are the different types of used car finance available?

Used car finance comes in a number of different forms; you’ve more than one option. While it may feel like these are endless, and even a little daunting, there’s actually less than you’d think. HP. PCP. PCH. So what do they all mean? And which one is the right one for you?

PCP – Personal Contract Purchase

PCP is a type of secured car finance offered by many car dealerships, high street banks, and specialist lenders. You’ll pay an initial deposit on the car, followed by monthly payments, with an optional balloon payment at the end of the term if you want to own the vehicle.

Learn more about PCP

PCH – Personal Contract Hire

Leasing a car could be an excellent option if you are fine with never having the option to own the car. It’s not quite the same as hiring a car but works in a similar way; you agree to pay to use the car for a set period, then return the car.

Learn more about PCH

PL – Personal Loan

A personal loan may be a good option for financing a car if your credit score is not ideal. This type of finance is unsecured – so there is no risk of losing the car. Lenders typically mitigate that risk by setting a higher APR (compared with a secured loan).

Learn more about PL

Why ChooseMyCar Car Finance?

With deals from a wide range of lenders, ChooseMyCar is the perfect place to find car finance to suit your needs and circumstances.

No deposit finance available
Flexible repayments
Poor credit finance accepted
All circumstances considered
Easy online applications
Fast decision

What to consider before applying for Used Car Finance

You will need to go through a credit check.
Before applying for car finance you should make sure you have checked the affordability of your chosen option.
Once you’ve passed a credit check it’s still on you to make sure you have the money to make the monthly payments for the whole term of the loan.
You may also need to save for a deposit upfront in addition to the monthly payments.
Some types of car finance will come with mileage allowances and if you go over these you will be charged.
Maintenance doesn’t always fall on you but for those that it does, you’ll need to return your car in a good condition to make sure you avoid any additional charges.

Compare Great Car Finance Deals