Need help finding the right car finance?

Need money to buy a car? Compare our best car finance deals and get a quote without affecting your credit score.

No obligation quotes
All credit scores considered
0% deposit loans available
£
Confused Logo

12 monthly payments of

£ 0.

Lowest annual rate

9.9% fixed

Total cost of credit

£0

Total repayment

£0
Apply now
Confused Logo

Representative example: Borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37. Rates may differ as they are dependent on individual circumstances. Subject to status.

How it works

Calculate

1. Calculate

See how much you could borrow and how much your repayments could be.

Car loans - Apply - Icon

2. Apply

Fill in your details online and get a decision in minutes.

Car loans - Buy

3. Buy

Find the car you want, sign the documents and pick up your keys.

Meet our partner

Confused.com can find finance options from a panel of lenders for new and used cars.

car loans confused
  • Choose a car from an approved dealer
  • No deposit options available
  • Your own personal advisor
  • May accept bad credit
  • Part exchange available

Confused.com has access to a wide panel with over 16 brands including:

admiral-16
car-finance247
Zuto logo

Ready to apply?

Confused.com can help you buy a car with a loan that suits you best.

Looking for car finance?

Do you want a car, but don't have the cash to pay up front? Get a quick decision from our partner, Confused.com.

You'll get:

  • No obligation quotes

  • All credit scores considered

  • 0% deposit loans available.

Who are Confused.com?

Confused.com is the UK's first ever comparison site. They'll help you find finance from a panel of lenders

You could benefit from:

  • Your own personal advisor

  • Part exchange

  • No-deposit options

  • Finance even with bad credit

  • Choose a car from an approved dealer.

How does Confused.com work?

  • Calculate. Check how much you could borrow and what your repayments would be.

  • Apply. Fill out the online form and get a decision in minutes.

  • Buy. Choose a car, sign the documents, and away you go!

Confused.com uses a soft search credit check to determine your eligibility, so your credit score will not be affected.

Ready to apply?

Through Confused.com you could get a car through a:

  • HP (Hire Purchase Agreement)

  • PCP (Personal Contract Hire)

  • Personal Loan

Compare quotes to see your exact monthly payments without affecting your credit score.

Why take out finance to buy a car?

Not many people have enough money to buy a car outright with cash.

That's why many people choose to take out a loan of some description to buy a car. The good thing about this is that you don't usually have to secure the loan against another asset, like your home. The loan is just secured against the car itself.

Getting finance is a way of spreading the cost of your car, so you don't have to pay for it all in one go.

How does each type of car finance work?

When people talk about getting 'finance' for their car, they could be referring to one of several financial products.

With multiple types of car finance available, it can be quite confusing when it comes to choosing one. Here's a summary of the popular car finance options:

Hire purchase

You have the option to pay a deposit and then monthly payments over the loan term. The loan term's usually two to five years. At the end of the term, you own the car outright. But until then, the finance company owns the car and you're essentially 'hiring' it from them.

Personal Contract Purchase (PCP)

Similar to hire purchase, you have the option to pay a deposit, and then pay monthly payments for a fixed term. When the fixed term ends, you can either swap the car for a newer one, or buy it for a final payment fee. Sometimes this final fee is called a 'balloon payment'.

Personal loan

With a personal loan, you borrow a sum of money which you pay back monthly over a fixed term. You can then use your sum of money to buy a car. For a personal loan, you won't need a deposit. With this option, the loan doesn't tend to be secured against the car, so you often own the car outright as soon as you buy it. 

Here are all your options to find the best way to pay for a new car.

Which is the cheapest type of car finance?

The cheapest way to finance your car depends on your personal circumstances.

You'll also need to think about whether you want to own the car at the end of the term, trade it in, or just hire a car on an ongoing basis.

With any of the options, it's likely that you'll have to pay interest rates and other fees, so it's important to shop around.

How to choose the best finance for your car

To get the best car loan for your needs, there are a few things to think about.

  • How much do you need to borrow? Find a loan for the amount you need to purchase your car. Some companies offer loans up to £100,000.

  • How long do you need to pay the loan back? Look for a loan that offers a suitable term. Most car loans can be repaid over 1 to 5 years.

  • What's the representative APR? This is the interest rate you'll be charged for your loan. Look for the lowest APR you can find, so it costs you less to pay it back.

  • Do you have a deposit? Different options might be available to you depending on how much - if any - you're putting down as a deposit.

Some loans are secured against the vehicle you buy, so your car could be at risk if you don't keep up your repayments. Check if the loan is secured before you apply.

Get more information on car loans.

Ready to apply?

Confused.com can help you buy a car with a loan that suits you best.

Which car finance is right for you?

The main thing you'll need to know is how much you can realistically afford to spare each month to pay for your car. It's important not to overstretch yourself to the point that you can't afford to make the payments.

The other thing to look at when you take out any form of car finance, is the total cost of the credit. This will show you which deal is best overall, across the time period. Don't forget that if you go for a longer loan term, your monthly payments are likely to come down, but you'll probably pay more interest overall. So it might not be the best deal.

Remember that everyone's personal circumstances are different. What's right for someone else might not be right for you, so choose your car finance based on your own situation.

How to apply for a car loan

You can then find a loan with Confused.com. Complete the quick and simple application form, which has no impact on your credit score, and get the details of the loan you can get and its interest rate.

Do I have to pay to get a quote?

No. It's free to get loan quotes from Confused.com, and there's no obligation. This means you can choose whether you want the car loan or not once you've got the details.

What information do I need to share to apply?

A car loan application through Confused.com is quick and easy. To complete the application form, you'll just need to confirm:

  • How much you want to borrow

  • How long you want to borrow the money for

  • Some of your personal details (such as name, address and date of birth)

  • Your employment details.

The soft search will determine the kind of loan you'll be eligible for.

What if I have bad credit?

When you do your application, your credit record will be checked.

This could impact what you're offered. If your credit record is poor, it's likely that there will be fewer deals available to you. Confused.com will aim to find you a car loan regardless. If you have a good credit record, it's likely there will be more - and better - options open to you.

It's best not to apply for multiple loans at the same time, as doing so could impact your credit record even further.

Here's how your credit record affects the loan you get

Car loans FAQs

© Copyright 2008 - 2021 Confused.com. All rights reserved.

Confused.com, 3rd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom

Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority.

Last updated: 30 March, 2022