Plain-English UK car finance guidance

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Car finance explained: the complete UK guide

Understand terminology, agreement types, applications, costs, ownership, settlement and what happens when an agreement ends.

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Finance basics

Car finance explained: the complete UK guide →Compare ways to pay for a car →PCP car finance explained →Understanding total amount payable →

Applying and eligibility

Preparing for a finance application →Car finance with bad credit →Soft and hard credit searches →What to do after rejection →

Credit and affordability

How affordability is considered →Checking your credit reports →When borrowing may not be appropriate →Car finance and mortgage preparation →

Managing an agreement

Managing payments and records →Mileage and condition requirements →Changing financial circumstances →Understanding negative equity →

Ending or changing finance

Early settlement explained →PCP end-of-agreement options →Returning a PCP car →Part-exchange and changing cars →

Problems and support

What to do when payments are unaffordable →Steps after an application is declined →Warning signs before borrowing →Help by situation →

Popular questions

Questions people ask before and during an agreement

What happens at the end of PCP? →Will an application leave a credit search? →Can I settle car finance early? →What is negative equity? →What should I do after rejection? →What if I cannot afford payments? →

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