If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. To help find the right solution for your needs you can use our coronavirus support tools for credit cards and loans and for Halifax mortgages. If you have a Bank of Scotland mortgage, find out more here.

Coronavirus (COVID-19) support

If you’ve been financially affected by the coronavirus (COVID-19) outbreak, we have support available relating to payment holidays, what options you have with your car finance agreement and managing your account online.

Support available

Car Finance Calculator

Find the finance amount, term, and deposit to match your budget.

See your repaymentsCalculate your car finance repayments

How does car finance work?

You borrow the money to buy a car of your choice. We’ll pay the dealer directly when you’ve agreed all the details, so you don’t need to worry about the upfront cost. If you’re refinancing an existing agreement, we’ll pay the provider on your behalf and switch your finance to us.

Car finance features

  • No credit searches.
  • Apply online.
  • Majority of UK dealers covered.
  • Can be used to refinance existing finance.
  • Repay early at no extra cost.

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.
Get a quote

Your car finance options

  1. Fixed Car Finance (HP), where you make fixed monthly repayments and own your car at the end.
  2. Flex Car Finance (PCP), with low, fixed monthly repayments and either own the car by paying a final lump sum or return it at the end.
  3. Transfer car finance held elsewhere to get a better deal or spread the cost of a final lump sum.

Refinance your current car

You might be able lower your monthly repayments or pay back a lump sum over a fixed term by refinancing your car.

Car refinance

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

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