Who is eligible for Car Finance?
You could apply for Car Finance if you’re buying a new or used car from a selected dealership, are 18 years old or over, a resident in the UK, have a Lloyds Bank current account of 3 months or more, are registered for Internet Banking.
Are there any restrictions on which car I can buy?
We offer finance for new and used cars at the majority of UK dealerships. There are some restrictions relating to make/model, age and mileage of the car, and we can't finance commercial vehicles. After you enter the details for the car you want to buy, we’ll tell you if our finance is available for that car.
We do not finance commercial vehicles, motorcycles or leisure products such as caravans and motorhomes. Other limitations based on the vehicle may apply
Can I part-exchange my current car?
We don’t currently offer part exchange as part of our Car Finance however you could arrange a part exchange with the dealership, who can settle any existing finance on your vehicle, if applicable.
Can I use any car dealership?
We work with the majority of UK dealerships - you can search by your location or postcode to find out which dealers we currently work with, once logged on to Internet Banking.
Can you arrange for the car to be delivered to me?
We don’t currently offer a delivery service as part of our Car Finance, however you could arrange this directly with the dealership. They may be able to offer you a contactless delivery service.
How do Lloyds Bank pay for my car and how long will it take?
We transfer the finance amount to the dealership directly as soon as you've signed the legal documents online. It can take several hours for the money to be received. Payments made after 2.30pm will be with the dealership before 12pm the following day.
Do you offer Car Finance for motorbikes or vans?
Unfortunately not, our finance is only available for cars.
Can I use your Car Finance to buy a car for business purposes?
Unfortunately not, you can only take Car Finance for personal, not business purposes.
If I finance a vehicle, am I able to register the car in another family member's name?
We do not allow the vehicle to be registered in another family member’s name. The person applying for finance should be the registered keeper of the vehicle, have a valid driving licence permitting them to use the vehicle and also be the main driver.
Can I transfer my agreement to someone else?
No, you cannot transfer an agreement to someone else.
Do I have to be on the voters/electoral roll to get approved for Car Finance?
Not necessarily, although this could affect your credit score, if you’re not.
Why do I need Internet Banking?
Lloyds Bank Car Finance is an online offer only. Once you've registered for Internet Banking (it’s easy to register and only takes a few minutes) you can use the personalised calculator to see what each Car Finance option could look like for you.
Register for Internet Banking.
What paperwork will I need?
You will not need to provide any paperwork and details of your finance agreement will be sent to you by email. You should read all paperwork carefully and store it in a safe place. We’ll send you a welcome letter which confirms your monthly payments and direct debit details.
Is car insurance included as part of Car Finance?
Car insurance is not included as part of the finance we offer although it is available separately. Please note we need the car to be comprehensively insured.
Potential fees at the end of your agreement