Coronavirus support

If you have been impacted by coronavirus we are here to help. If you are coming to the end of a Payment Holiday or you are worried about making your payments, we have options and tools available to support you.

Your Car Finance options

Whether you're 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 generate a personalised quote by logging on to Internet Banking , with no credit checks required.

Flex Car Finance (PCP)

  • 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, 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)

  • 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

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.

Credit is subject to status and additional affordability checks.

Get a personalised 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 generate a more accurate, personalised quote by logging on to Internet Banking.

 

Car finance calculator

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 existing 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

Existing customers

Want to check your statements or make an extra payment?

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).