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What is car finance?

10th February 2021

Car finance is a broad term which covers essentially every method there is to buy a car. Usually however, when people say they’ve bought a car “on finance” it means they bought through the car dealership’s loan provider.

WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Multi Month Loans

How much would you like to borrow:

£200

£750

How long would you like it for?

3 months

6 months

Your monthly repayments are:

Total amount to be repaid:

Annual percentage rate:

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Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR

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What is car finance?

How much would you like to borrow:

Your monthly repayments are:

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