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.

Get a quote now

Fixed Car Finance (HP)

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

  • 3.8% 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.

Get a quote now

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 refinance

How much will it cost?

Enter how much you want to spend and find the term and deposit to suit your budget.

Calculate your repaymentsCalculate 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

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.