Low APR Car Finance

  • No Deposit
  • We help find you the perfect car
  • PCP and HP from 8.9% APR
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A low APR car finance deal can save you hundreds or thousands of pounds over the course of the finance agreement. 

That affordability obviously makes low APR car loans an attractive option. However, there are things to consider before you choose this type of agreement.

At CarMoney, our ninjas will look at your individual circumstances and find the lenders that are most likely to approve your application. We will work hard to slash interest rates, so you can benefit from car finance with as low an APR as possible.

But before we get to that, let’s look at the benefits and potential downsides of low interest car finance options.

Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 18.1%, monthly payment would be £172.36, with a total cost of credit of £2,273.28 and a total amount payable of £9,273.28. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions this can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender



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Low Rate deals from 8.9% APR

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We compare from over 20 lenders

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Free check, no mark on score

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When looking for your dream car, there is a lot to consider!

What are you going to be using the car for? Is it practical? Is it affordable? What are the running costs? The finance terms are one of the biggest considerations, as this can affect affordability. You should carefully look at the length of the loan and the APR. Low APR car finance does offer a lot of benefits, such as:

Reduced Total Cost of Ownership: Low interest rates translate into lower overall costs for the borrower, as they pay less interest over the life of the loan. This means more money for the fun things in life (or the responsible things, like building up savings).

Improved Affordability: Low interest rates make monthly payments more manageable. This allows a broader range of consumers to afford higher-quality vehicles or consider options they might not have been able to with higher interest rates.

Enhanced Flexibility: Lower interest rates often come with more flexible loan terms. This flexibility may include longer repayment periods, reducing monthly payments even further.

Less chance of negative equity: With lower interest rates, a larger portion of each payment goes towards the principal amount rather than interest charges. This means you can potentially trade in or sell the car sooner without negative equity concerns.

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There are many reasons why you may not be able to choose a low APR option, such as:

Stringent Qualification Criteria: Lenders offering low interest rates often have strict eligibility requirements. This could mean that individuals with lower credit scores or less stable financial histories may not qualify for these favourable rates.

Higher Purchase Price: Some dealerships might compensate for the lower interest rates by raising the price of the vehicle. It’s important to look at the total you will repay over the life of the loan.

Depreciation and Negative Equity: Low interest rates might encourage longer loan terms, which can lead to the car depreciating faster than the borrower pays down the loan. This can result in negative equity, where the car’s value is less than the remaining loan balance.

Potential for Overextension: The allure of low monthly payments may entice buyers to select a more expensive car than what they can afford. This could lead to financial strain or difficulties in meeting other financial obligations.

Higher Deposit: Low APR car finance deals can be attractive, but the finance company may insist on a higher initial payment to offset the money lost from interest charges.

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Low APR car finance deals can potentially save you a lot of money.

However, with any financial decision, there is a lot to consider before you decide if a loan is right for you. At CarMoney, our car finance ninjas will look at your individual circumstances before we present you with the lenders that are most likely to approve your application. That way you can easily compare loan terms.

Get a quote of contact CarMoney today.

Frequently Asked Questions

What is APR, and how does it work?

APR, or Annual Percentage Rate, is a percentage that represents the overall cost of borrowing funds every year. It encompasses the interest charges, any applicable fees, and additional costs. By legal requirement, APR must be included in all loan agreements in the UK, providing borrowers with a standardised measure to compare different loan options.

Who qualifies for low APR car finance?

The qualifications for low APR car finance vary from lender to lender. However, most lenders will look at your credit score, income, and employment history when deciding whether or not to approve you for a loan and what interest rate to offer you.

What are the benefits of low APR car finance?

The main benefit of low APR car finance is that it can save you money over the life of your loan. This can make it more affordable to buy a car, especially if you are borrowing a large amount of money.

How can I find the best low APR car finance deals?

The best way to find the best low APR car finance deals is to shop around and compare offers from different lenders. You can do this contacting CarMoney, our ninjas will check across our network of trusted lenders to find the best deals that match your needs and circumstances.

How it works
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Low APR Rates

Get the car of your dreams for less with our market-leading low APR car finance options.

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Transparent & Cost-Effective

Our clear, low APR financing options help you make smart financial decisions and get your desired car.

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Quick and Easy Application Process

We simplify getting a car loan with a streamlined application process that removes the hassle and paperwork of buying a car.

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Our customers love our CarMoney Ninjas

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“Great service, Sean Davidson was great and was always trying to help and give me the easiest experience possible. Thank you very much Sean.”

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“Alan, who I spoke with on the phone, was amazing! He sorted everything out for me, it was so easy and was able to get my car the very next day. Fantastic!”

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“Sophie who sorted my finance out for car was amazingly nothing was too much trouble for her always kept me up to date. Five stars Sophie. Thanks for everything”

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CarMoney LIMITED is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activity and our registration number is 674094. Representative 18.1% APR. Over 18’s only. CarMoney IS A BROKER NOT A LENDER.

REGISTERED ADDRESS: Pioneer House, 2 Renshaw PL, Motherwell, ML1 4UF, Scotland.Company Number: SC467274.

All finance is subject to status and income. Written Quotation on request. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions.