Your Car Finance options

Whether you are looking to finance a new car, or switch your existing car finance from another lender, we have car finance options that could help. Eligible existing current account customers can get a quote by logging on to Internet Banking, with no credit checks required.

Flex Car Finance (PCP)

  • 5.9% APR representative when you borrow between £7,000 and £25,000. 
  • Lower monthly repayments
  • 1-4 year terms available
  • Own the car by paying a final lump sum, or return it (return conditions apply)
  • No early repayment charges
  • Funds are sent directly to the car dealership
  • Yearly mileage limitsIf you have exceeded the agreed mileage allowance on return of the car, you will need to pay an excess mileage charge. You can avoid this by agreeing a realistic mileage at the outset.
Get a Flex Car Finance quote

Fixed Car Finance (HP)

  • 3.8% APR representative when you borrow between £7,000 and £25,000. 
  • 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 car dealerships
Get a Fixed Car Finance quote

Car Refinance

  • Switch existing HP or PCP finance
  • Online quotes and approval
  • Simple HP with fixed monthly repayments
  • Keep your current car
  • No early repayment charges on our finance
  • Funds are sent directly to the finance provider
Start your switch


Other terms, borrowing amounts and rates are available.

Am I eligible for car finance?

You can apply if:

  • you have a Lloyds Bank current account (minimum 3 months)
  • you are registered for Internet Banking
  • you are aged 18 or over and a UK resident.

Credit is subject to status and additional affordability checks.

Get a quote

Car finance calculator

You can use our illustrative calculator to help you understand the monthly cost of our HP and PCP car finance products.

Eligible existing current account customers can get a quote which is more accurate and personalised by logging on to Internet Banking.

 

Car finance calculator

Is buying an EV the right decision for you?

EV technology and charging infrastructure has improved over time and is getting better. So in many cases, making your next car an EV could make sense.

To help you decide, we have a suitability tool you can use and details about a key services bundle you could access if you go on to buy an EV.

Find out more about EVs

How is it different 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 will own the car as soon as you pay the dealer/seller.

With Car Finance, the money is sent directly to the dealer, or the company you have your existing agreement with, rather than your current account. You can not borrow more than you need for the car or finance settlement amount. You don not own the car until you have finished repaying the finance.

Compare loans and finance

Other borrowing options are also available

Lloyds Car Insurance

Get cover you can rely on with one of our insurance policies. And for added peace of mind you can choose from a range of optional extras.
 

Find out more and get an online quote

Existing customers

Take greater control of your Lloyds Bank online car finance account in just 3 simple steps.

Related products

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).