We are experiencing a high number of calls at the moment. So that we can support those in the most vulnerable situations please only call if it is urgent. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking.

Coronavirus support

If you’ve been financially affected by the coronavirus (COVID-19) outbreak, we have support available. Customers can request a payment holiday. We can also provide details about what options you have with your car finance agreement and managing your account online

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

Bank of Scotland plc, The Mound, Edinburgh EH1 1YZ.