Car refinance

Switch your car finance, not your car, with Bank of Scotland

Refinancing your car with Bank of Scotland could help you lower your monthly repayments or pay back a final lump sum you owe over an affordable term.

To get things started, login and tell us how much your settlement figure with your existing provider is, plus a few details about your car.

Get started

Why refinance your car with Bank of Scotland?

  • Switch existing HP or PCP finance.
  • Online quotes and approval.
  • No credit check needed.
  • Simple HP with fixed monthly repayments.
  • Keep your current car.
  • No early repayment charges on our HP finance.

Representative example

You could borrow £13,000 over 48 months with 48 monthly repayments of £291.99. Total amount repayable will be £14,015.52. Representative 3.8% APR, annual interest rate (fixed) 3.7%. Other amounts and terms are available at different rates.

The representative APR applies to loans of £7,000- £25,000 over 1 to 5 years. Other terms and lending amounts are available at different rates.

This example shows you the rate you could get as a current account customer taking out our HP product. For a personalised quote based on your own circumstances, you’ll need to login to Internet Banking.

You could save

per month on

finance at

3.8% APR representative
if your current rate is 9.9%

per month on

finance at

8.9% APR
if your current rate is 15%

  • If you’re offered a higher rate, any potential savings will be different.
  • These are illustrative examples which don’t take into account any settlement fees incurred, gap insurance, warranties or add-ons included with your current finance.
  • This saving is based on moving from an existing HP product to our HP product.
  • You could pay more interest overall if you take the refinance over a longer term than your current agreement.

How to refinance your car

Get your quote

Login to tell us about your car and your current finance.

See your decision

Find out if you’re approved in minutes.

Make your switch

Email your settlement figure, so we can switch you to us.

Ready to apply

To make an application, you must have:

  • Existing car finance, not with Bank of Scotland, Lloyds Bank or the Halifax.
  • An active Bank of Scotland current account (3 months minimum).

You’ll also need to be:

  • 18+ and a UK resident.
  • Registered for Internet Banking.
Get started

Want to know more?

You’ll find more details about transferring your car finance in our FAQ section.

Go to FAQs


Can’t find what you’re looking for?
Call: 0333 202 7943. Lines are open from 9am – 5pm Monday – Friday, 9am – 1pm on Saturdays and closed on Sundays.

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.