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ClearScore is a credit broker, not a lender

Two ClearScore application screens showing examples of carfinance applications
Compare car finance offers from over 40 lenders like:

We’ll show you offers tailored to your credit score

You can see if you’re pre-approved before applying*

And you can even find your new car through some of our partners

*Pre-approval doesn’t always guarantee acceptance and is subject to lenders’ checks of your credit status.

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Discover an offer that fits your monthly budget
Find out how much you could borrow with offers chosen especially for you.
See if you’re pre-approved
Feel confident about getting a ‘yes’ when you apply.*
Find a car through our partners
With your loan taken care of, you can choose your new car with one of our partners.
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Car Finance - understanding the basics

If you’re thinking about buying a new car, you’re probably weighing up your options when it comes to paying for it too.

Credit agreements

If you choose to buy your car using finance, you’ll have something called a credit agreement between you and the lender. This can be a flexible option that lets you spread the cost of the car over an agreed period of time, with interest.

There are lots of decisions to make when taking out a car finance agreement, and we’re here to make it easier.

Offers tailored to your score

Signing up to ClearScore means you’ll not only see car finance offers that are tailored to your credit score, but you’ll also be able to compare as many as you like before making your decision.

And you can even choose your car from some of our partners.

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Different car finance options

At ClearScore, we’ll show you hire purchase and personal unsecured loans.

What’s the difference?

The main differences between these two types of finance are that with hire purchase the finance company (a bank, building society, or other lender, for example) owns the car until you make the final payment. They'll pay the car dealership directly and you'll make repayments to the finance company.

They can sometimes offer lower interest rates because the car acts as security. They'll also be able to help you if something is wrong with the car.

If you choose to take out an unsecured personal loan, you'll own the car straight away. The finance company will give you the money to pay the dealership.

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Types of finance
Hire Purchase (HP)

The agreement can be up to 5 years long

Most of our lenders won’t ask for a deposit

You’ll pay fixed monthly amounts and there’s no lump sum at the end

Your mileage won’t be restricted

The finance company owns the car until you make the final payment

Unsecured Personal Loan (UPL)

The agreement can be up to 8 years long

You’ll pay fixed monthly amounts – you won’t need a deposit

There’s no lump sum to pay at the end

Your mileage won’t be restricted

You’ll own the car straight away

There are other types of car finance, like a Personal Contract Purchase (PCP) or Personal Contract Hire (PCH), so it’s a good idea to explore all your options.

We want you to be ClearScore sure about your choices so you can drive away with the car you really want. That’s why we show you offers that are tailored to your score - so you can explore your options before you choose your car.

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How much could you pay?

It’s exciting to buy a new car, but it’s also a big commitment. You should always make sure you can afford the monthly repayments. To give you an idea of what you could be paying, here’s a couple of representative examples from two of our lenders:

Blue Motor Finance
Representative example
If you borrow £10,000 over 60 months at a fixed rate of 11.8%*:
Monthly repayments:
Total amount repayable†:
£218.45
£13,107.22
*11.8% representative APR
†Including a £0 arrangement fee
Zopa
Representative example
If you borrow £10,000 over 60 months at a fixed rate of 13.9%*:
Monthly repayments:
Total amount repayable†:
£227.97
£13,678.24
*13.9% representative APR
†Including a £0 arrangement fee

Always make sure you can afford repayments.

Can you get car finance if you have a bad credit score?

If you have a bad or low credit score, you could still get a car on finance.

You might have to pay more interest, but at ClearScore we work with lenders who specialise in helping you find the best loan for your score. Some of our lenders will offer secured loans which can sometimes be a better option if you have a bad credit score. Here’s a representative example from one our lenders, Moneybarn:

Representative example
If you borrow £10,000 over 60 months at a fixed rate of 31.9%*:
Monthly repayments:
Total amount repayable:
£311.41
£18,684.85

FAQs