Your car finance options

Pay for your car your way

We have a range of car finance options to suit you. You can borrow money over 1-5 years to spread your repayments out, or even look for a long term rental through our new car leasing option.

Getting an online quote won’t affect your credit score. So you can get as many quotes as you need to find the best way for you.

Personal Contract Purchase (PCP)

Pay less each month, and decide at the end if you want to keep the car.

  • 7.9% APR representative when you borrow between £7,000 to £25,000.
  • Get an instant decision online without impacting your credit score.
  • 1-4 year terms available.
  • Own the car by paying a final lump sum, or return it.
  • No early repayment charges.
  • Yearly mileage limits.
  • Borrowing from £3,000 to £60,000 available.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a PCP quote now Get a PCP quote now

Hire Purchase (HP)

Simple regular repayments, and you’ll own the car at the end.

  • 6.3% APR representative when you borrow between £7,000 to £25,000.
  • Get an instant decision online without impacting your credit score.
  • 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.
  • Borrowing from £3,000 to £60,000 available.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a HP quote now Get a HP quote now

We now offer Car Leasing

A long-term rental of a brand new car, paying the same amount each month and hand the car back at the end.
  • Choose from over 4,000 brand-new cars from more than 30 manufacturers.
  • Fixed monthly repayments.
  • 2-5 year terms available.
  • No option to own the vehicle.
  • You set the yearly mileage limit.
  • Option to include a maintenance and breakdown package.

Leasing is exclusively provided by Lex Autolease Limited. Bank of Scotland plc act as a credit broker not the lender.

Lex Autolease is one of the UKs biggest leasing companies. They have a fleet of over 270,000 vehicles, including more than 67,000 electric and alternatively fuelled vehicles.

Read more about Car Leasing

Get a Car Leasing quote now Get a Car Leasing quote now

Important information: To take car finance with us, you'll need to be aged 18 or over, a UK resident, hold a current account with us (min 3 months) and be registered for Internet Banking.

When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day.

Lending is subject to status and additional affordability checks.

Already got a car on finance, but want to switch providers?

Moving your car finance to us could also help you lower your monthly repayments without changing your car, or pay your final lump sum over an affordable term.

Find out more about car refina Find out more about car refinance

Compare your car finance options

If you're not sure which type of car finance is right for you, use our comparison tool to explore your options.

Compare car finance Compare car finance

How much will it cost?

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.

Calculate your repayments Calculate your car finance repayments

What you need to know

Car Finance is available on personal cars only. Most UK dealerships are covered. Finance isn’t available for commercial vehicles or purchases from private sellers. You can get as many personalised quotes as you like, and apply once you’ve found the right car and confirmed the price with the dealer.

If you’re settling other finance, please get the settlement figureWhat’s a settlement figure and how do I get one?This is the exact amount needed to end the agreement you have with your current finance provider. You’ll need to get in touch with your current finance provider and ask them to send this to you. from the lender beforehand.

Part-exchange isn’t available with our car finance, but you might be able to arrange this with the dealer you’re buying your car from. You could also sell your car privately and use the proceeds as a deposit for your new car.

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.

Car Finance in 3 easy steps

1. Get a no-obligation quote
Choose how much to borrow and find the term to suit your budget.

2. See your decision straightaway
Once you’ve got your quote, applying online is easy and only takes a few minutes.

3. Sign and go
We pay the dealer or existing car finance provider direct, so you can get on your way.

You can apply if you’re:

  • an existing Bank of Scotland personal current account holder (minimum 3 months)
  • aged 18 or over
  • a UK resident
  • registered for Internet Banking.


Prefer a different route?

You could also take out a personal loan and buy the car from the dealer yourself.

Compare finance and loans

Existing customers

Take greater control of your Bank of Scotland online car finance account in just 3 simple steps.

Log in to My 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