Car Finance

Looking to get a new car? Our flexible car finance options can make it possible for you to drive the car you’ve always wanted.

 

We only offer car finance to our current account customers.

 

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Banner image showing a man standing by his car

Check out your car finance options

Personal Contract Purchase (PCP)

Pay less each month, and decide at the end if you want to keep the car.

  • 6.9% APR representative when you borrow between £7,000 to £25,000.
  • 1 to 4 year terms available.
  • Own the car by paying a final lump sum, or return it (return conditions apply).
  • No early repayment charges.
  • Yearly mileage limits.If you've exceeded the agreed mileage allowance on return of the car, you'll need to pay an excess mileage charge. You can avoid this by agreeing a realistic mileage at the outset.
  • Funds are sent directly to the dealer.
  • Borrowing from £3,000 to £60,000 available.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a PCP quote

Hire Purchase (HP)

Simple regular repayments, and you'll own the car at the end.

  • 5.9% APR representative when you borrow between £7,000 to £25,000.
  • Fixed monthly repayments.
  • 1 to 5 year terms available.
  • Own the car when the agreement ends.
  • No early repayment charges or final lump sum.
  • Funds are sent directly to the dealer.
  • Borrowing from £3,000 to £60,000 available.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a HP quote

Car Leasing

A long-term rental of a brand new car, paying the same amount each month and hand the car back at the end.

  • Choose from thousands of brand-new cars from more than 30 manufacturers.
  • Fixed monthly payments.
  • 2 to 5 year terms available.
  • No option to own the vehicle.
  • You set the yearly mileage limit.
  • Option to include a maintenance and breakdown package.

Leasing is exclusively provided by Lex Autolease Limited. Bank of Scotland plc act as a credit broker not the lender.

Lex Autolease is one of the UKs biggest leasing companies. They have a fleet of over 270,000 vehicles, including more than 67,000 electric and alternatively fuelled vehicles.

Read more about Car Leasing

Get a Car Leasing quote

Car Refinance

Not looking to change your car? See if you can save by switching your car finance.

  • Switch existing HP or PCP finance.
  • Online quotes and approval.
  • Choose to switch to HP or PCP with fixed monthly repayments.
  • Keep your current car.
  • No early repayment charges on our finance.
  • Funds are sent directly to the finance provider.
Start your switch

Get a quote for car finance

You can apply if you’re 18 or older, a UK resident and have had a current account with us for at least 3 months.

Credit is subject to status and additional affordability checks.

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Car finance.

Or you can register on our website.

 
 

Already bank online?

We'll take you to the right place to get started.
 

Log in to get a quote

It's simple in the app

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Car finance.

Get the app

Or you can register on our website.

Already bank online?

We'll take you to the right place to get started.
 

Log in to get a quote

Help and support

Existing customers

Register online and you could take greater control of your Bank of Scotland car finance account in 3 simple steps.

Register for My Car Finance

Help and guidance

Check out our guides to learn more about how car finance works, along with some important topics.

Our help guides

Explore your options

We want to make sure you know about our other borrowing options. Here’s one that might suit you.

Car loans

If you're upgrading your car or switching to electric, a car loan from Bank of Scotland could help you spread the cost.

The amount we lend and the rate we offer you will be dependent on your personal circumstances.

Car loans

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Car finance calculator

You can use our illustrative calculator to help you understand the monthly cost of our HP and PCP car finance products.

Calculate your repayments

Approved car dealers

Check out our approved car dealerships across Scotland and the rest of the UK.

Find approved car dealers

Borrowing options

When borrowing money, you need to make the right choice for you and your circumstances.

Borrowing options

Important legal information

When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day. For refinance, we'll transfer the money to your existing finance provider. We usually do this within a few hours. We can't refinance cars from existing Bank of Scotland car finance agreements.


Lending is subject to status and additional affordability checks.