car finance

Car finance

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    Check your eligibility with no impact on your credit score
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    Get a finance decision in 60 seconds

Zuto is a credit broker, not a lender. Our rates start from 9.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £7,500 over 48 months with a representative APR of 21.4% the amount payable would be £226 a month, with a total cost of credit of £3,369 and a total amount payable of £10,869.

Car finance can help you spread the cost of your new car, but how can you be sure you’re getting the best deal?

At Zuto, we compare car finance options from a range of lenders so you can be certain you’ve found the right way to buy your next car.

We only need a few details to try and get you an approval with one of our trusted lenders.

Why buy a car on finance with Zuto?

Car finance can make buying a used car more accessible – instead of paying for the whole thing in one lump sum, you can spread the cost with fixed monthly repayments.

– the team at Zuto will compare car finance options  from our panel of trusted lenders to help you find the best  solution based on your personal circumstances.

We take the complexity out of finding car finance so you can get on with the fun stuff – buying that car. Here’s how it works.

How to find out your car finance options with Zuto

  1. Give us a few details online
    Tell us a bit about yourself and how much you want to borrow and we can start comparing finance deals from our panel of trusted lenders. If you don’t know how much you want to borrow, try our car finance calculator or let us know later in the process.
  2. We’ll talk you through the options
    You’ll get a quick decision online and then a member of the Zuto team will be in touch to discuss your options and run through your personalised quote.
  3. Pick your new car. Whether you’ve already found a car, or you want to browse  thousands of cars across the UK from our verified dealers, we run a free vehicle and history check on anything you’re looking at.
  4. Hit the road. Once the lender has done their final checks and you’re happy with the arrangement and repayments, we’ll pay the dealer. All you then need to do is pick up your car and drive away.

How does car finance work?

  1. Check your eligibility: We’ll work with you to build a picture of your current financial circumstances and carry out a soft credit check to assess whether you’ll be approved for finance with one of our lenders (this won’t affect your credit score).
  2. Work out your repayments: We know that everyone’s financial situation is different. So we’ll work with you to assess what you can  afford to pay per month and in total.
  3. Choose your repayment period: We offer flexible loan lengths for each of our car finance options. Longer contracts can help reduce monthly payment costs, but with a shorter agreement, you’ll pay less interest.
  4. Pick the right finance product for you: There are different types of finance available that suit different people and their individual needs. You can choose one that allows you to own the car at the end, or other products have different options. Check out the section below which explains the different types of car finance products available.

See how much you could borrow with our handy calculator

What are the different types of car financing?

There are three main types of car finance you can choose through Zuto. Each of these have their  own benefits, and are designed to fit different circumstances.

Hire Purchase car finance

Hire purchase is the classic example of car financing. You pick a car you like and we’ll divide its cost over the course of your repayment plan, plus interest and any fees. When this is finished and the last payment is made, the car is yours.

PCP car finance

A personal contract purchase agreement sees you paying off the depreciation value of your car, rather than its total value. Once your payment period has ended, you can choose to pay the car’s remaining value and keep it outright, hand in the keys and give the car back, or move onto a new car finance agreement .

Personal car loans

With a personal loan, you own the car from the moment your repayment agreement is signed. You’re then obliged to repay the cost of the car back to the finance lender over the course of your contract length.

Easily compare the differences between the main loan options below, including hire purchase vs PCP.

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

Why choose Zuto?

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    Get a lending decision within minutes

    Once we have a few details from you, we’ll give you an online decision in 60 seconds.there’s no obligation to agree to anything immediately as our quotes  are valid for 30 days.

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    Get the deal that's right for you

    At Zuto, we work with a large panel of lenders to suit a wide range of credit circumstances. We’ll talk you through the options to make sure you know exactly how each car finance arrangement works, meaning you have all the information you need to make the right decision.  

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    Save time and avoid the hassle

    Once you’ve chosen the finance product  that best suits your needs you can leave the rest to us. We’ll handle all the necessary paperwork, negotiations, and admin, meaning you can sit back and relax while we process everything.

Car finance FAQs

Who owns a car if it’s being financed?

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Car ownership will very much depend on the type of financing you choose. With HP and PCP agreements, the lender owns the car right up until you make the final payment. However, with a personal loan, you own the vehicle from day one.

Can I get car finance with bad credit?

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Yes! Here at Zuto, we pride ourselves on helping drivers with poor credit get the financing they need. Find out more about getting car finance with a bad credit score.

How does applying affect my credit score?

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When comparing car finance with Zuto, your credit score won’t be affected until you accept one of the quotes we’ve offered you.

Once you’ve told us you want to go ahead with the finance, then we may need to run a hard credit search, but we’ll make sure you know about this in advance. . If you miss a repayment, this could have a negative impact on your credit score.

For more information, read our piece on how car finance can affect your credit score.

What paperwork do I need when applying for finance?

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You will need to provide a variety of personal information to complete the finance process, including identification, proof of address, and proof of earnings. We will then handle all the necessary paperwork to finalise the details of your agreement.

Find out more about the paperwork required when applying for car finance.

What does a broker do?

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As a broker, Zuto does not directly lend you the money. Instead, we work with a large panel of lenders to provide you with as many finance options  as possible, handling all of the admin and negotiations on your behalf.

Get in touch today if you want to find out more.

Why don't Zuto charge any fees?

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Our aim is to make the car financing process quick and easy, which is why we don’t charge any fees for our service. Any charges we do incur on your behalf are covered by the fees we receive from our lenders by arranging your agreement with them.

What vehicles can I buy with Zuto?

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As well as offering you with a range of quotes, we work with a wide range of trusted dealers so you can choose from thousands  of cars, motorcycles, vans, and even taxis. so whatever car you want to buy, speak to us about it and we’ll try and help.

And if you don’t have a car in mind, then you can browse your options using the stock search tool in your Zuto account. This tool lets you shortlist vehicles you like the look of, allowing you to narrow your choice down.