Reduce Your Monthly Payments
Use our refinancing service to help reduce your monthly payments, pay costly balloon payments or change the individual making the payments.
About Car Refinancing
Car refinancing is the term used when taking out a new finance agreement - usually with a new lender - to pay the balance on an existing car finance loan.
When you refinance, this will settle your current finance with a one-off payment.
Our customers refinance because it adapts to their current circumstances. When you take out a hire purchase (HP) or personal contract purchase (PCP) deal, you'll commit to making monthly repayments for a set time.This is generally anywhere between 2 and 7 years. But over time, changes can happen in your life, and a loan that was right for you when you bought your car, isn't right anymore.
Maybe your credit score has improved, and you could get a better interest rate and Lower Monthly Repayment?
Or your expenses have increased, and you'd like a lower monthly repayment?
You could have taken out joint finance but now need a loan that's just in your name, in addition potentially creating a lower Monthly Payment
Or have reached the end of your PCP agreement, you love your car and need finance to cover the balloon payment?
Should I refinance my car?
How to refinance a car
The smart choice
- We can help you get your Settlement Figure
- £0 deposit options
- No arrangement fees
- No obligation quote
- Most credit scores considered
- Apply online with no impact to your credit score
- Get a decision in minutes
- The Smart Choice - for reducing your payments and keeping the vehicle you love!
