We are experiencing a high number of calls at the moment. So that we can support those in the most vulnerable situations, please only call if it is urgent. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking

 

Coronavirus support

If you’ve been financially affected by the coronavirus (COVID-19) outbreak, we have support available. Customers can request a payment holiday. We can also provide details about what options you have with your car finance agreement and managing your account online.

How much does it cost?

Find the finance amount, term and deposit that suit your budget.

Car finance calculator

How does it work?

Once you’re accepted, we’ll pay the dealer direct, so you can collect your car. If you’re refinancing an existing agreement, we’ll pay the provider on your behalf and switch your finance to us.

  • 3.8% APR representative when you borrow £7,000-£25,000.
  • Apply online for a no-obligation quote in minutes.
  • No credit checks needed as we already know your financial circumstances.

Am I eligible for car finance?

You can apply if:

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

Get a quote

Credit is subject to status and additional affordability checks.

What are my options?

  • Fixed Car Finance (hire purchase), where you make fixed monthly repayments and own your car at the end.
  • Flex Car Finance (personal contract purchase), with low, fixed monthly repayments and either own the car by paying a final lump sum or return it at the end.
  • Transfer car finance held elsewhere to get a better deal or spread the cost of a final lump sum.
Compare finance options

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’ll own the car as soon as you pay the dealer/seller.

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

Compare loans and finance

Other borrowing options are also available

Already got car finance?

You could lower your monthly repayments or pay back a lump sum over a fixed term by refinancing your current car.

Car refinancing

Existing customers

Want to check your statements or make an extra payment?

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).