Motor Finance

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If you want the best motor finance on the market, we can find it. Providing you with motor finance options that cover the cost of a new or used vehicle. With motor finance available from £2,500 up to £50,000, you can fully cover the costs of a vehicle purchase through us. Apply today, and we’ll show you over 40+ direct lenders who can look to finance your next purchase.

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What is Specialist Motor Finance at Personal Loans Now?

It’s an exciting time purchasing a new vehicle. Whether it’s a brand-new model fresh off the production line or a reliable used vehicle with low mileage. We want to help you get the vehicle you want by providing various motor finance options. With a wide range of instant loans available for motor finance, you’ll have plenty of choice when looking for the best deals. You’ll be able to spread the cost of your next vehicle purchase easily with manageable monthly repayments. This is so you won’t put a strain on your monthly expenses. You can use our loan calculator to see how much you can borrow. This includes the repayments and interest to be charged, so that you can make the best decision for you.

What Are Secured Loans?

How Can I Apply for Motor Finance?

It’s easy to apply online for specialist motor finance through Personal Loans Now. You only need to fill in one application to have access to the whole market. Click apply now and with a few details, you could be minutes from having motor finance approval. To be eligible for motor finance through us, you’ll need to meet the following minimum eligibility for most of our lenders:

  • You must be aged 18 years or older
  • You must be a UK resident
  • You must have a valid bank account
  • You need a regular source of income


If you meet the above, then you can apply today. Please note, these are the minimum requirements and not a guarantee you will be approved for specialist motor finance. As a fully authorised broker, all of our lenders need to conduct relevant credit and affordability checks to ensure you can meet repayments without issue. You’ll need to provide us with some personal details, such as your date of birth, address and employment details. Also, you need to choose the amount of motor finance you wish to borrow and the number of repayments. Once you have provided your details, we can work quickly to provide you with an instant decision in just 90 seconds. Click apply now to see what we can do for you.


Why Should I Choose Personal Loans Now for Motor Finance?

There are many great reasons to apply for motor finance through us, including:

  • Fully Online Application – Complete your application for specialist motor finance fully online. No waiting for paperwork needed.
  • Instant Decision – An application for motor finance will take just 3 minutes to complete. A decision takes just 90 seconds.
  • One Application for All – You only need one application for credit through us to get access to 40+ direct lenders.
  • Full Range of Finance – You can borrow anywhere between £2,500 and £50,000 unsecured.
  • High Acceptance Rates – We are proud to have helped 50,000 people just like you get the finance they need, and happy to help even more.
  • Low APR rates – We scan the market to show you the best rates on motor finance available, finding real-time interest rates that work for you.

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Specialist Motor Finance Even With Bad Credit

We are proud of our high acceptance rates, offering affordable finance options for everyone. We understand that not everyone has a perfect credit score. That’s why our lenders examine your affordability in general, not just your credit rating, before making a decision. This way, they can see what you can afford each month and consider this even if your credit rating is poor. It can be difficult to build up from a bad score quickly. If you have bad credit, we can show you what’s available without conducting a search of your credit file. Using our credit on demand system, with just a few details, we can show you what’s available with a personalised table of offers. Once you have decided on the lender you want to continue with, a credit search will be performed. So don’t be put off if your credit history is poor, we may still be able to help you.

Please note, we cannot guarantee an application for motor finance will be approved if you have bad credit. Like any loan, you’ll need to undertake a search of your credit file to receive the motor finance you’re looking for. If we cannot approve your application as a direct lender, we’ll show you the available lenders who can help. You may find that if you have bad credit, the offers available may have a higher rate of interest. Or, they will only be able to offer you a maximum of £7,500. You’ll need to carefully consider if motor finance is the right option for you whilst having bad credit.

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Direct Lenders of Motor Finance through Personal Loans Now

When you complete our application, we will show you a personalised table of offers from over 40+ direct lenders who can look to help instead. We cannot guarantee your loan against a car will be accepted. We do have high acceptance rates and aim to help as many people as we can. Our low APR motor finance means a traditional motor finance company will find it difficult to match.

Motor Finance FAQs

How Do I Get the Best Rates on Motor Finance Loans?

Understandably you want the best deals available on motor finance, and we can help you find them. To stand the best chance of getting the best motor finance rates, you will need to have a good credit score. Having good credit will show to the lender that you have a history of credit that has seen repayments made on time. This will provide trust that there is a low-risk of lending to you. This will mean the interest rates available will be much lower than if you have a poor credit rating.

Additionally, you’ll be able to borrow more money if you have a good credit score. Without one, you will be capped the amount you can apply for. With a bad credit score, you’ll be able to borrow a maximum of £7,500. So, with good credit, you will find your options increase up to £50,000 unsecured.

Can I Get Motor Finance for More than £25,000?

You can borrow up to £50,000 unsecured with our vehicle finance options. This is as long as you have a good credit rating and can afford the repayments. If you’re looking for higher amounts for a higher value vehicle purchase, we can help you with secured loans. With our secured lending, you can borrow between £10,000 and £250,000 with affordable payments and great rates of interest. With a secured loan, you’ll need to offer something as collateral, such as your new vehicle. In the event there are problems with repayments or you default the loan, your vehicle will be used to settle the debt. We cannot offer more than £50,000 unsecured, due to the high amounts of borrowing available. This would not follow responsible lending guidelines and is designed to protect you as well as the lender.

Can I Use Motor Finance for Anything other than a Vehicle Purchase?

Whilst motor finance is a form of borrowing, it’s up to you what you decide to use the borrowing to pay for. If you’re looking for funding a different type of purchase, we have other options available. Our unsecured personal loans and guarantor loans provide a way to borrow money for anything you want. This can include home improvements, a dream holiday and much more.

What Happens if I Miss Repayments on Motor Finance?

If you cannot make repayments, you’ll need to contact the lender directly at the earliest opportunity. Speaking to your lender about the situation may help agree a suitable time frame to repay. It’s advisable to speak with the lender rather than ignore a missed repayment. The lender can take legal action as per your credit agreement if they cannot make arrangements with you.

I’m Having Financial Difficulties, Can I Still Apply for Motor Finance?

If you’re in financial difficulty, you need to consider if further borrowing is the best solution. We do not recommend using short term borrowing to pay for other borrowing. You can get into a lending cycle without fully addressing your finances. We highly recommend you complete an income and expenditure form. This way you’ll be able to see exactly what your disposable income is before applying. If you need further help, please speak to one of the free financial advice companies, such as the Money Advice Service. They can provide impartial financial advice when you need it most.

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