Car finance allows you to spread the cost of a vehicle over monthly payments instead of paying the full amount upfront. You borrow money from a lender and repay it over an agreed term, usually with interest.

Common options include Hire Purchase (HP), Personal Contract Purchase (PCP), and personal car loans. The right option depends on whether you want to own the car outright, keep monthly payments lower, or change vehicles regularly.

Yes. Many lenders consider more than just your credit score. Even if you’ve had missed payments, defaults, or a low credit rating, you may still be eligible for car finance.

Initial eligibility checks are usually soft searches and won’t impact your credit score. If you choose to proceed with a finance agreement, a hard credit check may then be carried out.

The amount you can borrow depends on your income, outgoings, credit history, and the vehicle you choose. Loan amounts typically range from a few thousand pounds up to £50,000 or more.

A deposit is not always required. Some finance deals are available with £0 deposit, although paying a deposit may reduce your monthly payments.

Most agreements last between 12 and 60 months. Longer terms can reduce monthly payments but may increase the total amount repayable.

Yes. You usually have the right to settle early, although an early settlement figure may include interest or fees. Your lender can provide an exact amount.

This depends on the finance type. With HP, you usually own the car after the final payment. With PCP, you can return the car, part-exchange it, or pay an optional final payment to own it.

All costs should be clearly outlined before you agree to a deal. Always review the finance agreement carefully so you understand interest rates, fees, and total repayment amounts.