Car Finance

We could help you buy your next car, or if you’re looking to get a better rate on existing car finance you hold elsewhere.
 

Finance available to Bank of Scotland current account holders only.
 

Get started
Banner image showing a toy car

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Your car finance options

Whether you're looking to finance a new car, or switch your existing car finance from another lender, we have car finance options that could help. Eligible existing current account customers can generate a personalised quote by logging on to Internet Banking, with no credit checks required.
 

Flex Car Finance (PCP)

  • 4.5% APR representative when you borrow between £7,000 to £25,000.
  • Lower monthly repayments.
  • 1-4 year terms available.
  • Own the car by paying a final lump sum, or return it (return conditions apply).
  • No early repayment charges.
  • Yearly mileage limitsIf 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.
Get a Flex Car Finance quote

Fixed Car Finance (HP)

  • 3.8% APR representative when you borrow between £7,000 to £25,000.
  • Fixed monthly repayments.
  • 1-5 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.
Get a Fixed Car Finance quote

Car Refinance

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

Other terms, borrowing amounts and rates are available.

Am I eligible for car finance?

You can apply if:

  • you have a Bank of Scotland personal current account holder (minimum 3 months)
  • you’re registered for Internet Banking
  • you’re aged 18 or over and a UK resident.

Credit is subject to status and additional affordability checks.
 

Get a quote

Car Finance Calculator

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

Eligible existing current account customers can generate a more accurate, personalised quote by logging on to Internet Banking. 

See your repayments

How is car finance different to a loan?

With a loan, money is sent to your current account and you pay the dealer, seller or current finance provider yourself. You can choose the amount and term you want to borrow the money over. You’ll own the car as soon as you pay the dealer/seller.

With car finance, the money’s sent directly to the dealer, or the company you have your existing agreement with, rather than your current account. You can’t borrow more than you need for the car or finance settlement amount. You don’t own the car until you’ve finished repaying the finance. 

Compare loans and car finance

Bank of Scotland Car Insurance

Get cover you can rely on with one of our insurance policies. And for added peace of mind you can choose from a range of optional extras.
 

Find out more and get an online quote

Help & guidance

Related products

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.