Find a deal in minutesCar finance deals from 9.9% APRNo impact on your credit eligibility checkLondon drivers: soft credit check, 15+ lenders compared in minutes
Get started➜Car-Finance matches London residents with UK lenders who assess monthly affordability, not just credit history. Applications take minutes online, use a soft credit search that won't affect your score, and connect you with 15+ lenders comparing HP and PCP deals from 9.9% APR.
London's outer-zone transport gaps and high living costs make personal vehicle access essential for many residents. Car-Finance matches London applicants with lenders who assess monthly affordability — not postcodes or borough — with loan amounts from £5,000 to £25,000 over 36 to 60 months.
London car finance calculator
With the help of the calculator you can roughly estimate possible car loan options.
Finance calculator
- 36 mo
- 42 mo
- 48 mo
- 60 mo
Your estimated examples
Representative example: Borrowing £7,500 over 48 months with a representative APR of 21.9%, monthly payment of £228.11, total cost of credit £3,449.21, total amount payable £10,949.21. Rates from 9.9% APR. We are a credit broker, not a lender.
With the help of the calculator you can roughly estimate possible loan options.
Why choose to finance a car in London?
Choosing car financing in London gives you control in a city with high living and transport costs. You spread the cost through fixed monthly payments, which supports budgeting and financial planning. For example, many drivers choose used car finance to avoid large upfront payments.
Key reasons drivers finance a car include:
- Fixed monthly payments from £206.72/pm (based on £7,500 over 60 months at 21.9% APR representative) — predictable budgeting for London residents
- Access to 100+ cars from dealerships across London and surrounding areas — new, nearly new, and used vehicles
- Flexible agreement lengths: 36, 42, 48, or 60 months — adjust to match your monthly budget
- Bad credit histories accepted — Car-Finance works with lenders who consider CCJs, defaults, and low credit scores alongside your current income
Car-Finance offers structured agreements designed for London driving needs.
Types of car finance available in London
Car-Finance offers London residents access to five car finance options. Each agreement is arranged through FCA-regulated lenders and assessed on your current income and affordability.
| Features | Hire purchase (HP) | Personal contract purchase (PCP) | Personal loan | PCH / Leasing |
|---|---|---|---|---|
| Initial deposit | Optional (10–20% recommended) | Optional | Not required | Required (3–6 months as initial rental) |
| Ownership at end | You, after final payment | You, only if balloon paid | You, from day one | Leasing company; car returned |
| Fixed monthly payments | ||||
| Optional balloon (final) payment | optional | Not applicable | ||
| Mileage limits | excess charges apply | excess mileage charges apply | ||
| Secured against the car | Not applicable | |||
| Support with vehicle issues | Not applicable | |||
| Best for | Owning outright | Lower payments and flexibility | Strong-credit buyers | Lower monthly costs without ownership |
Car dealerships you can find your next car in London
Dealerships Across London
Car-Finance works with dealerships across London and the surrounding area, covering new, nearly new, and used vehicles.
Choose Any FCA-Registered Dealer
Once approved for car finance, you can collect from any FCA-registered dealer or arrange home delivery — you are not restricted to a specific dealership network.
What do I need to get car finance in London?
To do this, you need to meet some requirements
Compare car finance➜- Be aged 18-75 years old
- Have been a resident in the UK for at least three years .
- Receive a monthly income of £1,000 or above
- Your name
- Date of birth and nationality
- Your recent address history
- Your employment status
- Your income and expenses
Cars on finance is available to everyone in London
 Unemployed |
| Self-employed |
| In part time employment |
| Zero hours contracts |
| In receipt of benefit |
| Young drivers |
| Retired drivers |
| Provisional license holders |
| Carers allowance |
| Disability allowance |
| Ex bankrupt |
| Bad credit ratings |
| No credit history |
| Military/Armed forces |
Why do you have to finance your next car with us?
We offer many favourable car loan options for your needs and select the best deals from reliable providers
Get your car finance online
Get car finance options with no impact on your credit score.
Buy a car from any dealer
Once approved, collect or get your car delivered to you.
Car finance quality assured
We’ll do a thorough vehicle HPI, full-service history and MOT check. Buy with confidence.
Meet our car finance lenders
We work with over 15 lenders offering 100+ HP and PCP deals so that you could have the best offer.
We are credit broker, not a lender.
Most popular questions
We've collected the most popular questions about car loans from our customers
Does applying for car finance in London affect my credit score?
Applying through Car-Finance uses a soft credit search, which does not appear on your credit file and does not affect your credit score. A full credit check is only carried out by the chosen lender if you decide to proceed with a finance agreement. This means London residents can check their eligibility and compare deals risk-free.
What is the minimum income to get car finance in London?
Car-Finance requires applicants to have a minimum monthly income of £1,000. This includes income from employment, self-employment, benefits, or a pension. Lenders assess your full financial situation — including outgoings and existing credit commitments — not just your income figure alone.
Can I get car finance in London with bad credit?
Car-Finance works with London-based lenders who consider applicants with CCJs, defaults, IVAs, and low credit scores. Bad credit car finance in London is assessed on current affordability and monthly income. Rates from 9.9% APR apply, subject to lender assessment and individual credit status.
How long does it take to get approved for car finance in London?
Car-Finance returns an initial eligibility decision in minutes after you submit your application online. Full lender approval — including vehicle checks — typically takes 24–48 hours. Once approved, London drivers can arrange same-day collection or home delivery of their chosen vehicle.
What is the difference between HP and PCP car finance in London?
HP (Hire Purchase) finance lets London drivers own the vehicle outright at the end of the agreement with no final balloon payment. PCP (Personal Contract Purchase) offers lower monthly payments by deferring a Guaranteed Future Value to agreement end — giving the option to return, exchange, or buy the car. Car-Finance arranges both HP and PCP deals through its panel of 15+ UK lenders.
Can I get car finance in London with no deposit?
Car-Finance offers no deposit car finance in London for eligible applicants with a monthly income of £1,000 or above. No deposit HP and PCP agreements spread the full vehicle cost across monthly instalments, with rates from 9.9% APR representative. Availability depends on lender assessment and individual credit profile.
Can I use car finance to buy a ULEZ-compliant car in London?
Car-Finance helps London drivers finance ULEZ-compliant vehicles — including fully electric cars, plug-in hybrids, and Euro 6 petrol or diesel models — through FCA-regulated lenders. Approved applicants can choose from any FCA-registered dealer across London stocking ULEZ-compliant models. With the average Tube journey costing £2.80–£7.70 in outer zones, a ULEZ-compliant personal vehicle can represent a cost-effective long-term alternative for many London residents.
Can I get car finance in London if I live in an outer borough?
Car-Finance arranges car finance for residents across all 33 London boroughs, including outer areas where public transport is less frequent and more expensive. Lenders assess monthly income and current affordability — not your postcode or borough. A soft credit search is used for all initial applications, with no impact on your credit file until you choose to proceed with a lender.