Compare car finance and loans

Car Finance Plus lets you borrow against the car and avoid paying upfront, but with a personal loan you could use the money to buy it from the dealer yourself.

Car Finance Plus

We’ll pay the dealer directly so you don’t need to worry about the upfront cost.

Exclusive features

  • Obtain a quote with no credit searches.
  • Borrow from £3,000 to £60,000.

Keep in mind

  • You can’t sell the car until the finance is paid off
  • If you don’t keep up with the repayments, your car may be at risk.

Good if

  • Once accepted we pay the Dealer direct, so you can just collect the vehicle and maintain the monthly payments
  • You want to decide at the end of the term whether to keep the car or return it (return conditions apply)
  • You want extra peace of mind – we’ll work with you and the dealer to help settle any disputes.

Personal loan

You receive the money and can use it to buy the car yourself from a dealer or a private seller.

Exclusive features

  • Apply for up to two repayment holidays (your repayment term will be increased and you will pay more interest overall)
  • Borrow from £1,000 to £50,000.

Keep in mind

  • In some cases, we may do a credit search when you apply
  • If you make an early settlement we may charge up to 58 days’ interest.

Good if

  • You want a loan which isn’t just for the car
  • You’d prefer to own the car from the start
  • You want to combine your debts into one loan to make it easier to pay them off.

Lending is subject to status and additional affordability checks. You must be aged 18 or over, be a UK resident, be registered for internet banking and have held a Bank of Scotland personal current account for a minimum of 3 months.