Compare Great Car Finance Deals
Secure a Great Car Finance Deal – and Save Money on Your Next Car – by Comparing the UK’s Most Trusted Lenders.

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Fast, Free, Simple
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Trusted Lenders from Across the UK
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Save Money on Your Next Car
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Ranked #1 out of 102 Car Finance companies*
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
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
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 | Personal Loan | |
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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
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You will need to go through a credit check.
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Before applying for car finance you should make sure you have checked the affordability of your chosen option.
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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.
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You may also need to save for a deposit upfront in addition to the monthly payments.
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Some types of car finance will come with mileage allowances and if you go over these you will be charged.
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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.