New Car Finance

  • No Deposit
  • We help find you the perfect car
  • PCP and HP from 8.9% APR
  • Free car history and dealer quality check
Get a Quote Does not affect credit score
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Buying a new car is an exciting milestone, but it often comes with a significant financial commitment

At CarMoney, we’ll help you get the right new car finance deals for you.

For many, securing the right financing is a crucial step towards turning that dream new car into a reality. New car finance lets you spread the cost of your desired car. Or motorhome. Or motorbike.

At CarMoney, we will help you navigate new car finance deals and get the best deal possible.

Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 17.9%, monthly payment would be £171.83, with a total cost of credit of £2,247.83 and a total amount payable of £9,247.84. 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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PCP and HP from 8.9% APR

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We compare from over 20 lenders

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Free check, no mark on score

Types of new car finance

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There are two main types of new car finance

Which one is right for you depends on your own individual circumstances and preferences.

Hire Purchase (HP): This is a simple and popular option. It involves you hiring a vehicle from a finance company for an agreed time period. After you’ve made the final payment, you own the vehicle outright. The lender can repossess the car if you miss payments.

Personal Contract Purchase (PCP): You pay only the depreciation of the value of the vehicle, rather than the full value. The monthly payments will be lower. But, at the end of the agreement, if you would like to own the vehicle, you’ll have to pay a lump sum. The lender can repossess the car if you miss payments. PCP agreements generally mean it is easier to change cars.

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There are a lot of things to consider when looking at new car finance options, and to make your application more likely to be accepted.

The lender will look at:

Credit Score: Your credit score plays a pivotal role in determining the terms and interest rates of your new car loan. A higher credit score typically leads to better terms.

Deposit: While some lenders offer deposit free options, a deposit can reduce the total amount financed and lower monthly payments.

Loan Term: The loan term affects monthly payments. While longer terms result in lower monthly payments, they can also lead to higher overall interest costs.

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When comparing new car loan options, you should consider all the costs.

These include:

Interest Rates: Interest rates can significantly impact the total cost of the loan. It’s essential to compare rates from different lenders to secure the most competitive option.

Additional Costs: Consider other expenses associated with new car ownership, such as insurance, maintenance, and fuel. If you buy a new car you won’t need to get an MOT for the first three years, which is a potential saving.

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When you are shopping around for a new car, there are a few tips to consider that could potentially save you money:

Research and Compare: Take the time to research different lenders, their terms, and interest rates. Compare offers to find the best option for your financial situation. Fortunately, the CarMoney ninjas can handle this part for you.

Negotiate Price and Terms: Negotiating the purchase price of the car can lead to more favourable finance terms.

Be Mindful of Depreciation: A new car’s value depreciates rapidly in the first few years. This should factor into your decision-making process.

New car finance provides individuals with the opportunity to own their dream car, while spreading the cost.

Keep these simple tips in mind, and you will be able to drive your new car, safe in the knowledge that you got the best new car finance deal you could.

Get a quote today or contact CarMoney.

Frequently Asked Questions

How does new car finance work?

The mechanism of car finance involves making monthly payments over a predetermined duration. The choice of finance option will impact the payment amount. It is essential to possess a favourable credit score for approval and carefully review the loan agreement before signing it.

Can I get 0% financing on a new car?

Zero-percent financing (0%) is a type of car loan that does not charge interest on the borrowed amount. This can be a great way to save money on your monthly payments, but it is essential to remember that these offers are often subject to specific conditions.

How it works
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Competitive Rates

We work with various lenders to get you the best possible interest rate on your new car loan, which could save you money over the life of the loan.

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Brand and Model Flexibility

With our new car finance service, you can choose from a broad selection of brands and models so that you will find the perfect car for you.

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Quick Application Process

We simplify the application process so you can get behind the wheel of your new car faster.

Join thousands of happy customers

Our customers love our CarMoney Ninjas

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CarMoney Ninja Sean

“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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CarMoney Ninja Alan

“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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CarMoney Ninja Sophie

“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 Ninja Ellie

“My ninja from start to finish Ellie McGavin I Needed a car it was complete from picking to collecting within 2 days friendly staff great communication brilliant.”

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CarMoney Ninja James

“Excellent professional and courteous service nothing too much trouble James was thoroughly committed to helping me source my car”.

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CarMoney Ninja Frazer

“Frazer from car money made the experience of getting a car simple and easy. Would definitely recommend to family and friends. Thanks again CarMoney!”

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We Compare the best deals from over 20 lenders

CarMoney LIMITED is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activity and our registration number is 674094. Representative 17.9% 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.