Hire Purchase – or HP – is a type of car finance that lets you spread the cost of a car over an agreed length of time, after which you'll own the car outright.
Personal Contract Purchase - or PCP - is a flexible finance agreement that allows you to hand the car back, own it outright or trade it in for another at the end.
Refinance is the process of taking out a new finance agreement so you can pay off your current loan and switch to a new lender.
Our calculator will estimate how much interest you'll be paying and how much your payments might be each month.
Use our early settlement calculator to estimate the outstanding amount on your current HP or PCP agreement.
See if you’re eligible for a car loan - it's fast, free and has no impact on your credit score.
Takes 60 seconds, no impact on your credit profile to see if you're approved 👍
Lightning fast
Get your car finance sorted upfront, in under 10 minutes.
In 45 years on this planet, Carmoola is simply the best finance company. The process was lightning fast. Others take note, this is how you do car finance!
John Houston
Proud BMW 4 Series Owner
Really fast and friendly service. Felt like I was more than just a customer. I would recommend to anyone looking for car finance
Lee Purcell
Proud Renault Captur Owner
Friendly service
Chat to one of our friendly team members 8am - 9pm, any day of the week!
Get your budget and be ready to pay within minutes, all within our handy app.
Learn MoreSuper easy
No sales calls or paperwork. You only need our app, and a full driving licence.
The whole process was just so simple. The app is really easy to use and gives you complete control over the whole purchase process.
Elisa Summers
Proud Jaguar F-Pace Owner
How it works
Step 1
In just 60 seconds, see how much you can borrow towards your next car
Step 2
Pay swiftly online with your card, or by bank transfer at the showroom
Step 3
Take full control of your account in the Carmoola app
Answer a few questions to find out if you qualify for a Carmoola loan.
Check My EligibiltyRates from as low as 6.9% APR,
Representative 13.9% APR
Answer a couple of questions to find out if you might be eligible to buy your car with Carmoola!
Eligibility
✨ NEW FEATURE
Refinancing
See if you could save money by switching to Carmoola!
Step 1
Grab your early settlement quote
Step 2
See if Carmoola can save you money
It's clear there’s a lot of energy behind this company. So quick to refinance my vehicle. They must have some impressive automation. Honestly if you like a smooth experience, this is the place to get it.
Robert Szakal
Saved money on his Vauxhall Corsa
Step 3
Switch to Carmoola in just 8 mins
The carmoola blog
Our dedicated writers have created almost 1,000 articles with helpful car buying tips, to put you in the driving seat.
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Takes 60 seconds, no impact on your credit profile to see if you're approved 👍
Rates from as low as 6.9% APR, Representative 13.9% APR
Carmoola is a trading name of Carmoola Limited which is registered in England & Wales, under Registered No. 12992987. Its Registered Office is First Floor, 1 Whittlebury Mews West, Primrose Hill, London, NW1 8HS. Carmoola Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 958057), and a member of CIFAS (the UK’s leading fraud prevention service).
Registered with the Information Commissioner’s Office in compliance with the Data Protection Regulations 2018 under registration ZA905089.
Finance is subject to status and is only available to UK residents aged 18 and over. Carmoola is committed to responsible lending.
To get in touch, email us at support@carmoola.co.uk
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