Car finance made quick

No impact on credit score

Car Loans | Quick Car Loan

Rates from 8.9% APR: Representative 22.4% APR. Quick Car Loan are a broker not a lender.

Car finance... 1,2,3....GO!

1. Start here with a no obligation quote.

We will work hard on this
end to find you the best
lender possible. All with no
impact on your credit score.

2. The fun part!

With help from our partners,
once approved select a car
from any reputable dealer.

3. Don't worry

Don't worry about the
paperwork and the boring
stuff. Our team will guide you
through the entire process.


Drive away in your shiny new car!

Car finance made quick

No impact on credit score

How does car finance work?

The way car finance works is that you borrow money from a lender to cover the cost of your new or used car and then pay it back in affordable monthly repayments. There are several types of loan available and car finance is the catch-all term used to describe them.

You’ll need to know how much you want to borrow and how long you want to borrow it for (the loan term) to find the car finance deal that’s right for you. You can also put down a deposit to reduce the total loan amount. If your loan is approved, you’ll then pay it back in monthly instalments, plus interest, for the duration of the loan term, which typically lasts between one and five years. Depending on the deal you choose, your finance might be secured against the car.

Types of car finance

There are several types of car finance to choose from but the most common are hire purchase (HP), personal contract purchase (PCP), and personal car loans.

Hire Purchase

With hire purchase, the loan is secured against the car and you won’t own it until you’ve reached the end of your agreement and paid the ‘Option to Purchase’ fee. You might need to put down a deposit but it’s unlikely that you’ll have to agree to any mileage restrictions.

Personal Contract Purchase

Personal contract purchase loans are also secured against the vehicle, but you don’t automatically own the car when the loan term ends. Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment. Monthly payments can be lower than with HP car finance, but you may have to agree to annual mileage limits.

Personal Car Loan

With a personal car loan, you typically receive the full amount in one go so that you can buy the car straightaway. You’ll then pay back the loan in fixed monthly instalments. Monthly payments can be higher than other forms of finance, but you won’t have to face any restrictions and can sell the car before the end of your loan term if you wish.

Choosing the best financing option for you

Deciding on the best car finance option for you will depend on your individual circumstances, the car you want to buy, and how you want to use it.

With with HP finance, you’ll own the car at the end of your loan term, but your monthly repayments might be higher than other options and you won’t be able to sell or change the car during your agreement. If you opt for a personal loan, you can do whatever you like with your new car, but your monthly payments might be higher. PCP car finance often offers the lowest monthly repayments, but you could have to agree to mileage restrictions, and you won’t automatically own the car at the end of the loan term.

No matter which financing option you choose, at Quick Car Loan, we’ll always look to find you the best deal from our panel of lenders.

Car finance with bad credit

At Quick Car Loan, we don’t believe that having bad credit should stop you from finding car finance. We work with a panel of lenders including some who specialise in helping people with poor credit secure a loan. It can be more difficult to find a car loan with bad credit but it’s not impossible, even if you’ve been refused elsewhere. In fact, successfully keeping up with car finance repayments could even help to improve your credit score over time. Get a no obligation quote - with no impact on your credit score - to find out more.

Frequently asked questions

The cheapest way to finance a car depends on a few factors including the type of loan you have, the loan length, and the APR. Keep in mind that the loan that offers the lowest monthly repayment might not be the cheapest deal as you could end up paying back more in interest over time.

PCP car finance could be the cheapest finance option for you as, unlike with HP and personal loans, you don’t have to borrow the full amount your vehicle is worth. Instead, you’ll borrow the difference between the price now and the amount the lender thinks your car will be worth at the end of your agreement – the Guaranteed Minimum Future Value (GMFV). But remember, you won’t own the car at the end of your loan unless you choose to pay the balloon payment.

No! When you apply with Quick Car Loan, we’ll run a soft credit check to find out if we can find you’re an approval from one of the lenders on our panel. This may be noted on your credit report, but it won’t affect your score. It’s only if you choose to proceed with a finance option that a hard credit check will be completed.

You can apply for a car loan with Quick Car Loan if you’re over 18 years old and have a minimum of three years’ address history in the UK.

With Quick Car Loan, you can get a decision in minutes. Make an application, pop the kettle on, and you’ll have a decision by the time you’ve finished your tea. If we’ve found you an approval in principle, your dedicated account manager will give you a call to confirm your details and discuss the next steps.

The cost of car finance is usually the amount of money you borrow plus the interest and any other charges that you’ll pay on the loan over the repayment period.

If you choose HP car finance, your monthly repayments will cover a portion of your loan and your interest payment. The interest rate that you’re offered depends on a few different things including your credit score and improving your score could give you access to better rates.

If you know how much you’d like to borrow or have already found a car you’d like to buy, it’s time to apply. It all starts with a quote. Our online application form will ask you to enter some personal details, your current employment status, monthly income, and information about the vehicle you’re looking to buy so that we can get to work finding you an approval in principle from our panel of lenders. Find out more about the paperwork you need to prepare for car finance here.

Yes, we can accept part-exchanges.

A part-exchange acts as a down payment towards your new car, in the same way that a deposit does. This would reduce your total loan amount, which means the amount you pay back each month is reduced too.

Having a part-exchange can sometimes help when it comes to likelihood of approval as it means a smaller loan amount is requested, which might open more options up to you. If you wanted to put a cash deposit down, we can accept these too!

We're often able to help customers that have been refused elsewhere.

If you've applied somewhere else (such as a bank, car dealership or even another car finance broker) and have not been successful, you might start to think that nobody can help. However, that doesn't have to be the case. Some of the lenders we work with specialise in helping people with bad credit to get car finance, so we'll try our best to find the right finance option for you.

Working with a large panel of lenders means we can help customers with a range of credit histories to get car finance, and we're frequently able to help people with fair credit. No two customers are alike, so we'd look at your application in more detail to make sure we tailor a quote to your needs. We've got several options that would be suitable for customers with fair credit, so we'd be hopeful of being able to help you to get a competitive finance deal in place.

Yes, you can choose a car from any reputable UK dealership!

To make finding the right car easier, we've got over 100,000 cars for you to view on our car search. Once you've found a car, you just need to share the details with your account manager, and they'll do the rest.

You don't have to choose a car from our search and, if you need a hand finding the right car, your account manager will be happy to help - just let them know what you're looking for.

While no deposit car loans are available, having a good down payment upfront can reduce the amount you need to borrow. This could mean that you have lower monthly repayments or a shorter loan period. A good down payment is one that you can afford and still leaves you with funds to cover essentials like tax, insurance, and fuel. Typically, a car finance deposit of at least 10% of the total loan is considered good.

Yes, you can repay a car loan early by paying the settlement figure. This is the amount you need to pay to end your finance agreement and typically includes any outstanding finance minus any future interest that you won’t need to pay. This could help you save money overall. Contact the lender to request a settlement figure and find out whether there are any early settlement fees to pay.

APR stands for Annual Percentage Rate and it represents the total annual cost of borrowing money including interest, admin fees, and any arrangement charges. APRs are tailored to your individual circumstances and the one that you’re offered depends on several factors including your credit score.

Getting a car on finance is worth it if it’s the best choice for you and your circumstances. If you have savings, buying a car outright could be the easiest and cheapest option if you plan to keep the same car for a long time and aren’t worried about depreciation over time. However, if you don’t have the money to pay for a car all in one go, would like to change the car regularly, or even hand it back after a few years then a car finance option like PCP could be the better choice for you.

Discover the pros and cons of financing a car vs. buying it outright here.

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Applying with us only takes a couple of minutes and won't affect your credit score