Your car finance options
Pay for your car your way
Car Finance gives you two types of finance to choose from, Flex Car Finance (personal contract purchase) and Fixed Car Finance (hire purchase). Pay for your car the way that’s best for you.
Flex Car Finance (PCP)
Pay less each month, and decide at the end if you want to keep the car.
- 5.9% APR representative when you borrow between £7,000 to £25,000.
- No credit check needed.
- Lower monthly repayments.
- 1-4 year terms available.
- Own the car by paying a final lump sum, or return it.
- 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.
Other terms, borrowing amounts and rates are available.
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.
Fixed Car Finance (HP)
Simple regular repayments, and you’ll own the car at the end.
- 4.3% APR representative when you borrow between £7,000 to £25,000.
- No credit check needed.
- Fixed monthly repayments.
- 1-5 year terms available.
- Own the car when the agreement ends.
- No early repayment charges or final lump sum.
- Can also be used to transfer existing car finance.
Other terms, borrowing amounts and rates are available.
What we need during the application:
- Dealer or current finance provider's name and postcode.
- Car registration number.
- Current and expected yearly mileage.
- Total price and deposit amount.
- Your monthly income.
- Your mortgage/rent payments and regular spending.
- Existing car finance details (if you have any).
For new cars, we’ll also need:
- The delivery date.
- Full vehicle details if you don’t know the registration yet.
What happens afterwards?
- You’ll be given a decision straight away, which is valid for 90 days.
- You’ll need to provide the dealer’s or existing finance provider’s bank details. so we can transfer the money after you’ve signed the paperwork. It might take a few hours for this to go through.
- Payments made after 3.30pm will be with them before 12pm the next working day (Mon-Fri).
- There’s no obligation to go ahead after you’ve been accepted, and your credit rating won’t be affected if you change your mind.
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.