Car Finance

Apply for car finance today without impacting your credit score and get a lending decision within minutes.

Zuto is a credit broker, not a lender. Our rates start from 9.0% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £5,500 over 48 months with a representative APR of 19.8%, the amount payable would be £163 a month, with a total cost of credit of £2,283 and a total amount payable of £7,783.

Purchasing new car

Why choose car finance?

Car finance is a common and popular way to spread the cost of buying a vehicle, and you can arrange it for both new and used cars. Having car finance means that instead of paying everything upfront, you can divide the cost into monthly instalments that are much more manageable.

At Zuto, we like to make car finance simple. By searching our large panel of lenders, with over 85 products available, we do all the hard work for you.

Some lenders we work with offer no deposit car finance. We compare different rates and arrangements with our Lenders to find a car loan for you.

Whether your credit history is poor or excellent, we'll do our best to find you a suitable finance option and get you in your new car in no time at all. Apply today, without impacting your credit score, to see if you’re eligible.

Frequently Asked Questions

Common car finance questions

Can I get car finance with poor credit?

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Yes, just because your credit history isn’t perfect doesn’t mean lenders will turn you away. At Zuto we work with a panel of lenders, some of whom specialise in bad credit car finance, so we’re confident we can find a deal for most drivers. Just get in touch today and we’ll see what we can do for you.

Does applying for car finance affect my credit score?

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When you apply with Zuto, we run an initial assessment of your credit file and check this against our lenders’ criteria to see if you’re going to be eligible. This is what’s known as a ‘soft search’, and it won’t appear on your records or impact your credit score in any way.

Once we’ve finished searching and put some of the best deals available to you, which you choose to apply for (if at all) is in your hands. Once the application’s made and you’ve consented, the lender may choose to perform a full credit search, and this will be noted on your credit history. But this never happens without your consent.

What documents you need to finance a car?

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Exactly what documentation is required to finance a car can vary between lenders. But as a minimum, you can expect lenders to ask for proof that your personal details are accurate, possibly in the form of a utility or phone bill. You’ll also need to provide a photograph or scan of your drivers licence, along with some proof of your income such as a payslip. That’s because they need to see that you can keep up with your monthly payments. If a lender requires anything extra we’ll explain this to you.

Once we’ve found you the right lender and deal from our panel, we’ll be in touch to explain exactly what documentation you need to provide.

Car finance calculator

See how much you could borrow

Zuto is a credit broker, not a lender. Our rates start from 9.0% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £5,500 over 48 months with a representative APR of 19.8%, the amount payable would be £163 a month, with a total cost of credit of £2,283 and a total amount payable of £7,783.

Discover more about car finance types

Hire Purchase (HP)

Hire purchase (HP) is our most common form of finance at Zuto and has benefits such as, no mileage restrictions and no lump sum payment at the end of the agreement.

explains hire purchase finance process

Personal Contract Purchase (PCP)

Just like a Hire Purchase agreement, Personal Contract Purchase (also known as PCP) gives you the option to pay an initial up-front deposit, following by a set number of payments per month. And like HP, the bigger the deposit the smaller those monthly payments will be.

explains personal contract purchase process

Personal loan

A personal loan is the only kind of finance which is not secured against the vehicle. This means you own the car from day one. You will receive a lump sum from the lender, which you pay off over a set period  of time,  these kinds of loans are not secured against anything (that’s why they’re sometimes called unsecured loans).

explains personal loan car finance
Finance features: Hire purchase (HP) Personal contract purchase (PCP) Personal loan
Requires initial deposit Optional Optional
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Car is yours at the end of the agreement
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Fixed monthly payments
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Avoid (final) balloon payment
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Avoid excess mileage charge
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Secured against an asset (e.g. a car)
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Support with vehicle issues
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