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.
Build a meaningful partnership today with the UK’s newest and fastest growing car finance company
Register Your InterestThe 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
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Customers can find their budget in 60 seconds, and be ready to pay in under 10 minutes!
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Help customers either finance a new dream car, or refinance their existing car loan within minutes!
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From our decision engine to our loan management system, we have built it all in house. We have full control!
Partnerships
+95 NPS
We’re new to the market, but we’re backed by some great investors. Check out our latest funding round.
Sep 2022
Carmoola is just the easiest way to get a car in my opinion, full stop. From the onboarding process, the discussions with the customer service (via WhatsApp or phone call, or even text messages) very convenient! Very easy to have an answer on any question I have, better rates I could possibly have from other lenders, simply the best experience. I literally found my car and signed my agreement in days!
Sep 2022
I made a killer saving refinancing with Carmoola, managing to save a whopping £8.5k 🥰 If you're looking to save money every month, download their app and give it a go!
Who we work with
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Interested in discussing partnership opportunities with Carmoola?
Register Your InterestCarmoola 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
If you are struggling with, or worried about debt, MoneyHelper provide free support.
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