Car Finance

Whether you've found your next vehicle, are still doing your sums, or want to switch your existing agreement for a better rate, see how our car finance options could help.

 

Bank on Lloyds for your car finance

The Halifax brand is changing to Lloyds. 

This means that Halifax customers can now also Bank on Lloyds for a wide range of car finance options. We’re really glad you’re here.

More on the change

£250 cashback when you choose Lloyds car finance

Whether you're purchasing your next car or switching your existing car finance agreement, our cashback offer puts money back in your pocket. Car leasing is excluded from this offer.

We're offering £250 cashback to Lloyds customers who use HP or PCP finance to buy their next car or refinance an existing car finance agreement with us. To qualify, take out finance with us on or before 30th November 2026.

Representative 5.9% APR when you borrow between £7,000 and £25,000 on a Hire Purchase agreement.

    • It's exclusively for Lloyds customers who use HP or PCP finance with us.
    • To qualify, take out finance with us on or before 30th November 2026.
    • Once you've made your first finance payment, we'll pay £250 into the same account within 14 days.
    • You'll automatically receive cashback if you qualify. You won't need to contact us to claim it.
    • You won't qualify for the cashback offer if you withdraw from your agreement within 14 days of signing it.
    • Settling your agreement in full before your first scheduled repayment will also mean you won't qualify for the offer.
    • We base all lending decisions on status and affordability checks.
    • We reserve the right to withdraw this offer at any time.

Car finance options from Lloyds

You can apply for Car Finance if you’re 18 or older, a UK resident and have had a current account with us for at least 3 months.
Credit is subject to status and affordability checks.

Personal Contract Purchase (PCP)

  • 6.9% APR representative when you borrow between £7,000 and £25,000. 
  • Borrow over a term of 1 to 4 years.
  • Own the car by paying a final lump sum, or return it. Return conditions apply.
  • No early repayment charges.
  • Money sent directly to the car dealership.
  • Yearly mileage limits.
  • Borrow between £3,000 and £60,000.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a PCP quote

Hire Purchase (HP)

  • 5.9% APR representative when you borrow between £7,000 and £25,000. 
  • Fixed monthly repayments.
  • Borrow over a term of 1 to 5 years.
  • Own the car when the agreement ends.
  • No early repayment charges or final lump sum.
  • Money sent directly to the car dealerships.
  • Borrow between £3,000 and £60,000.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day. 
Get a HP quote

Car Leasing

A long-term rental of a brand new car, paying the same amount each month and hand the car back at the end.

  • Choose from thousands of brand-new cars from more than 30 manufacturers.
  • Fixed monthly payments.
  • Borrow over a term of 2 to 5 years.
  • No option to own the vehicle.
  • You set the yearly mileage limit.
  • Option to include a maintenance and breakdown package.

Leasing is exclusively supplied by Lex Autolease Limited. Lloyds Bank plc act as a credit broker not the lender.

Get a Car Leasing quote

Car Refinance

See if you can save or help pay a final lump sum by switching your car finance with another provider to us.

  • Switch existing HP or PCP finance.
  • Online quotes and approval.
  • Choose to switch to HP or PCP with fixed monthly repayments.
  • Keep your current car.
  • No early repayment charges on our finance.
  • Money sent directly to the finance provider.
  • Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to your current finance provider the same day. 
More about car refinance

What do I need to apply for car finance?

What you need when you apply to finance a new or used car can vary between lenders, but can include:

  • the registration number for the car you’re buying
  • current mileage on the car
  • an estimate of how many miles you expect to drive each year
  • the total price of the car and deposit
  • the dealership’s information, including their name, post code and bank details
  • proof of your address
  • your own financial details, including your monthly income and regular outgoings, such as debts and other financial commitments.

Which is right for you: PCP or HP?

To find out more, watch a short video that explains it.

Watch our video to understand more about car finance.

(1 min 52 secs)

Try the car finance calculator

Use the Lloyds car finance calculator to learn how much your repayments could be to finance a car. You’ll need these details to get started.

  • The price of the car.
  • How much deposit you need to put down.
  • How long you want to borrow for.

Take note, prices can go up or down depending on your personal circumstances.

Find out how much you can borrow

Get a quote for car finance

Log in to your online banking and access your car finance quote in just a few steps. Use your browser or download the app to get started.

 

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Car finance.

Or you can register on our website.

Already bank online?

We'll take you to the right place to get started.

Log in to get a quote

It's simple in the app

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Car finance.

Get the app

Or you can register on our website.

Already bank online?

We'll take you to the right place to get started.

Log in to get a quote

Explore your options

We want to make sure you know about our car options. Here’s some that might suit you.

Car insurance

Choose either Gold or Silver, both fully-comprehensive options, and get cover you can manage online.

Compare car insurance

Car loans

With a personal loan, you can choose to buy your car from a dealer or private seller, and you could have some money left over afterwards.

Learn about car loans

Let’s look at the details

  • The amount you can borrow will depend on several factors, such as your:

    • credit score
    • budget
    • monthly incomings and outgoings
    • chosen car
    • choice of product, HP or PCP.

    Only borrow what you can afford to pay back, alongside your other essential outgoings.

  • You have to be an existing Lloyds current account holder to apply for car finance. This allows you to make as many applications online as you like. This will have no impact on your credit score.

    If you miss any repayments, this could have a negative impact on your credit score. If you don’t miss any repayments, then over time it could have a positive effect on your credit score.

  • We work with most UK dealerships. View our approved dealer list to see which car dealerships we work with.

    At the moment, we can't accept car finance quotes from Cazoo, Cinch or Motorpoint. If you are buying a car through one of these companies, we may be able to offer you a personal loan to buy the car outright instead. Read more about our car loans.

  • You can use our car finance for new and used cars. There are some restrictions on the make/model, age and mileage of the car. Once you enter the details of the car you want to buy, we’ll tell you if our finance is available for that car.

    We don’t offer finance for commercial vehicles, motorcycles, caravans or motorhomes. Other limitations based on the vehicle may apply.

    We don’t currently offer part exchange as part of our car finance. But you may be able to arrange a part exchange with the dealership.

  • Car finance is an agreement that lets you break down the cost of a new car into monthly payments. You can pay a deposit and then make monthly payments over a set period, usually 2 to 5 years. There are different car finance options to choose from, including Personal Contract Purchase (PCP) and Hire Purchase (HP).

  • A deposit is a lump sum you can choose to pay at the start of your finance agreement. Keep in mind that a larger deposit can help reduce monthly repayments.

  • If you have a Lloyds current account for at least 3 months, you may be able to refinance to Lloyds to help lower your monthly repayments or cover the cost of a balloon payment (a final, lump sum payment at the end of a PCP finance term).

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Important legal information

Important information: to apply, you must be age 18 or over, a UK resident, hold a current account with us (min 3 months) and registered for Internet Banking. We can't refinance cars from existing Lloyds Bank customers.

When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day.

Lending is subject to status and additional affordability checks.

Other terms, borrowing amounts and rates are available.