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Compare our car finance.
Choose from Personal Contract Purchase (PCP), Hire Purchase (HP), Car Lease or Car Refinance (PCP or HP).
Personal Contract Purchase (PCP)
Lower monthly repayments with the option to keep or return your car at the end of the agreement.
- 7.9% APR representative when you borrow between £7,000 to £25,000
- Borrowing from £3,000 to £60,000 available
- Lower monthly repayments
- 1-4 year terms available
- Own the car by paying a final lump sum, or return it
- No early repayment charges
- Yearly mileage limits
- Funds are sent directly to the dealer.
- Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day.
Hire Purchase (HP)
With no final lump sum, you own the car once the agreement ends.
- 5.9% APR representative when you borrow between £7,000 to £25,000
- Borrowing from £3,000 to £60,000 available
- Fixed monthly repayments
- 1-5 year terms available
- Own the car when the agreement ends
- No early repayment charges or final lump sum
- Funds are sent directly to the dealer.
- Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day.
Other terms, borrowing amounts and rates are available
We now offer car leasing
Get your hands on a brand new car with fixed monthly payments and hand it back at the end of the rental agreement.
- Choose from thousands of brand-new cars from more than 30 manufacturers.
- Fixed monthly payments.
- 2-5 year terms available.
- No option to own the vehicle.
- You set the mileage limit.
- Option to include a maintenance and breakdown package.
Leasing is exclusively provided by Lex Autolease Limited trading as Halifax. Bank of Scotland plc act as a credit broker and not the lender. Halifax is a division of Bank of Scotland plc.
Car Refinance
See if you can get a better deal or help pay a final lump sum by switching your car finance with another provider to us.
- Switch existing HP or PCP finance.
- Online quotes and approval.
- Choose to switch to HP or PCP with fixed monthly repayments.
- Keep your current car.
- No early repayment charges on our finance.
- Funds are sent directly to the finance provider.
- Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to your current finance provider the same day.
As well as the PCP, HP, Car lease and Refinance features, with Halifax Car Finance you also get these:
- As many quotes as you like.
- Get an instant decision online without impacting your credit score.
- Manage everything online once you’re up and running.
Important to know
Car Finance is available on personal cars only. Most UK dealerships are covered. Finance isn’t available for commercial vehicles or purchases from private sellers.
You can get as many personalised quotes as you like, and apply once you’ve found the right car and confirmed the price with the dealer. If you’re settling other finance, please get the settlement figureWhat’s a settlement figure and how do I get one?This is the exact amount needed to end the agreement you have with your current finance provider. You’ll need to get in touch with your current finance provider and ask them to send this to you. from the lender beforehand.
Part-exchange isn’t available with our car finance, but you might be able to arrange this with the dealer you’re buying your car from. You could also sell your car privately and use the proceeds as a deposit for your new car.
Important information: to take car finance with us, you'll need to be aged 18 or over, a UK resident, hold a current account with us (min 3 months) and be registered for Online Banking.
When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day.
You'll need to give us:
- dealer or current finance provider's name and postcode
- car registration number
- current and expected yearly mileage
- total price and deposit amount
- your monthly income
- your mortgage/rent payments and regular spending
- existing car finance details (if you have any)
- the delivery date and full vehicle details (if you don’t know the reg) of any new car
Once you've made an application
- you’ll be given a decision straight away, which is valid for 90 days
- you’ll need to provide the dealer’s or existing finance provider’s bank details, so we can transfer the money after you’ve signed the paperwork. It might take a few hours for this to go through. Payments made after 3.30pm will be with them before 12pm the next working day (Mon-Fri)
- there’s no obligation to go ahead after you’ve been accepted, and your credit rating won’t be affected if you change your mind
Make sure you're:
- an existing Halifax current account customer (min 3 months)
- registered for Online Banking
- aged 18 or over
- a UK resident
Credit is subject to status and additional affordability checks.
Car finance in 3 simple steps
How does it compare to a loan?
With a loan, money is sent to your current account and you pay the dealer, seller or current finance provider yourself. You can choose the amount and term you want to borrow the money over. You’ll own the car as soon as you pay the dealer/seller.
With car finance, the money’s sent directly to the dealer, or the company you have your existing agreement with, rather than your current account. You can’t borrow more than you need for the car or finance settlement amount. You don’t own the car until you’ve finished repaying the finance.
Useful Information
Existing customers
Take greater control of your Halifax online car finance account in just 3 simple steps.