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With PCP Finance, you can update your car more regularly

We call our PCP offering Flex Car Finance, because it can give you more flexibility. When your agreement ends, you have three options:

  • Part exchange the car, subject to settling your agreement with us
  • Pay an optional final lump sum to own your car
  • Return the car without paying the lump sum (return conditions apply)
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Your monthly payments are lower

Your monthly payments will be lower on a PCP agreement than a Hire Purchase (HP) agreement or a Personal Loan, if you are borrowing the same amount, over the same term and at the same rate. This is because a significant amount that you repay is deferred into an optional final lump sum payment, helping keep earlier monthly costs low. You may end up paying more money overall.

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A low monthly rate

With a great rate of 5.9% APR Representative when you borrow between £3,000 and £60,000, Flex Car Finance (PCP) makes it simple and affordable to drive the latest car.

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We’ll guarantee your car’s future value

When you choose PCP, we give you a guaranteed future value for your car. So if you keep it in good condition and within the agreed mileage limit, you can be sure that you have the option to return it at the end of the agreement with nothing more to pay.

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Calculate your monthly payments before applying

Work out the finance amount, term and deposit that suits your budget.

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Important Information about Lloyds Car Finance:

  • Lending is subject to status and additional affordability checks.
  • Lloyds Bank Car Finance Plus is available to Personal Current Account customers who have held their account for at least three months
  • You are registered for Internet Banking.
  • You must be a UK resident aged 18 years or older.
  • We pay the car dealer directly and the majority of UK dealers are covered.
  • Rates available will depend on product, lending amount and personal circumstances.

Other options

If PCP isn’t right for you, you may find that our Hire Purchase (HP) or Personal Loan options are more suited to your needs.

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