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How our car finance works

We understand that purchasing a car can be daunting and expensive, which is why we offer a range of options to suit your lifestyle and budget.

GET A QUOTE
No effect on credit score

NO DEPOSIT NEEDED

Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.Representative example: Borrowing £6,500 over 5 years with a representative APR of 21.9%, an annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the monthly payment would be £172.09 per month, with a total cost of credit of £3,825.40 and a total amount payable of £10,325.40.

We look to find the best rate from our panel of lenders based on your eligibility. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way. Feel free to contact ourselves for more information.

Step 1 - Get a quote

Start by completing our application form, and we'll search our large panel of lenders to find the best deal for you. We cater to a wide range of circumstances and ensure you receive a decision in minutes.

Step 2 - Get approved in principle

Once approved in principle, you'll meet your personal car finance expert who'll handle everything from comparing lenders to taking care of all the admin, leaving you with nothing to worry about.

Step 3 - Choose a car

With your finance in place, you can choose your new wheels confidently. We've got over 130,000 cars from verified dealers, and our car search tool ensures you find the perfect match.

Step 4 - We do all the checks

Found a car? Great! You can relax while we handle the paperwork, chase the lender and keep the dealer in the loop. This way, you can focus on planning your first road trip.

Not sure which financing option to choose from?

We offer three types of finance options, including Hire Purchase (HP), Personal Contract Purchase (PCP), and Personal Loans. Each option caters to your needs and budget, ensuring you pay for your new wheels in a way that suits you.

GET A QUOTE
NO CREDIT CHECK

Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.Representative example: Borrowing £6,500 over 5 years with a representative APR of 21.9%, an annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the monthly payment would be £172.09 per month, with a total cost of credit of £3,825.40 and a total amount payable of £10,325.40.

We look to find the best rate from our panel of lenders based on your eligibility. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way. Feel free to contact ourselves for more information.

What is Hire Purchase?

Hire purchase (HP) is a way of financing a car without paying the entire cost upfront.

You pay a deposit receive the car and throughout the duration of the contract you will continue to pay a monthly payment then at the end of the contract the car is completely yours.

Hire Purchase

Hire purchase (HP) is a way of financing a car without paying the entire cost upfront. At the beginning of the contract you pay a deposit, and receive the car. Throughout the duration of the contract you will continue to pay a monthly payment and at the end of the contract the car is completely yours.

Personal Contract Purchase

A personal contract purchase (PCP) is a car financing option that offers lower monthly payments than a personal loan or vehicle hire purchase. Instead of paying off the entire cost of the vehicle, you are only required to pay a fraction of it. You may find it beneficial if you like to get a new vehicle frequently.

Personal Loan

You can borrow a lump sum from a lender to pay for the car upfront and spread the payment over an agreed period of time. You’ll own the car outright from the beginning and usually won't have to pay a deposit.
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Hire Purchase

Hire Purchase allows you pay regular monthly instalments over a set period and own the car once you make the final payment.

Personal Contract Purchase

Personal Contract Purchase allows you pay off the car's depreciation and make a final balloon payment to take ownership of the vehicle at the end of the contract.

Personal Loans

Personal Loans allow you can buy your car outright without making monthly payments related to owning the car.

Experienced team by your side

Confused? No worries, our finance experts are always here to help you make the right decision. Get in touch with us today, and let's make your dream of owning a car a reality!
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FAQs

Everything you need to know about CARKi and Car finance. Can’t find the answer you’re looking for? Please chat to our team.
What details do I need to apply?
To compare hire purchase or personal loans for vehicle finance, there are a few details we’ll need from you to find the best quotes.
These are:
Your address.
Contact details.
Your income, expenditures and employment.
How much you wish to borrow.
How long you would like to borrow for.
Can I get finance for a used car?
Yes, we can compare hire purchase agreements and personal loans for used cars.
What happens if I miss a payment?
Missing a loan repayment can have negative consequences, so ensure to speak to your loan provider if you are falling behind with repayments. It could result in the lender repossessing the vehicle.

A missed payment could harm your credit score or even result in a county court judgement against you.
What is a soft search?
A soft search enables you to see if you are eligible for a loan without leaving a mark on your credit report. It’s a useful way of finding a loan without harming your chances of being accepted.
Do I need to put down a deposit?
Most lenders do not require a deposit for you to go ahead, but don't worry if the car you choose does need one, as we will advise you straight away and you will be free to look for another car. A personal loan does not require a deposit at all. As long as you can keep up with the monthly payments, this option will help you finance a vehicle without having to pay a deposit.
Will comparing impact my credit score?
When comparing, there will be no impact on your credit score because it will only be a ‘soft search’. When applying for a loan, a credit check is carried out which could impact your credit score. When you compare with Sensible, we will only do a ‘soft search’ and won’t impact your credit score in any way.
What does APR stand for?
APR stands for Annual percentage rate and takes into account the interest and fees you’ll pay on money you borrow. When borrowing from credit cards, you can avoid paying interest if you pay your balance in full each month by the due date.
Can I sell my car if it's on finance?
If you are still paying for the car you will be unable to sell it. This is because until you have paid the finance in full, it is not legally yours. If you have paid off the car in full, you will be able to sell it if you choose to.

Don’t just take our word for it

starstrust
Excellent service from the Carki team.
"Excellent service from the Carki team.Even when my situation wasn’t straight forward, Carki were fast and efficient in getting me the best rate for my Car Finance."
Emma Keely
starstrust
Carki went the extra mile
Excellent service from Dan at Carki. I wasn’t sure I’d get a loan, but they went the extra mile to get me a great deal.
David Michaels
starstrust
Used this site and had approval within…
Used this site and had approval within minutes. Quick and easy to used. Thanks
James