Finding car finance, made simple

What car finance option is right for you?

Do you know your HPs from your PCPs? How about the pros and cons of a personal loan? Although these arrangements are typically used when purchasing a vehicle, most people don’t know the difference between Hire Purchase (HP)Personal Contract Purchase (PCP) and a normal car loan.

So, with that in mind, we’ve created a simple tool to give you a better steer. Pop in your payment preferences below and we’ll show you the car finance option that could be best for you, along with a jargon-busting description of how it works.

Cruise through car finance

Simply answer a few easy questions to find the option that's right for you.

Confused by car finance? You're not alone.
Simply answer a few easy questions to find the option that's right for you.

We know that choosing a new set of wheels is a big decision. But picking car finance options can be just as difficult. There are many routes to consider. But we can make it a smoother ride - by helping you shop around to pick the car finance that’s right for you.

With Experian, you can check your eligibility for Hire Purchase deals, PCP and personal loans without impacting your credit score, as well as comparing guarantor loans and offers from car finance brokers. So, you’ll be prepared to pick the best deal when you head to the car dealership.

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In PCP and HP financing, the loan may be secured against the car. If you do not keep up with repayments, you could lose the vehicle.

Here’s a breakdown of the key differences between three popular forms of car finance:

Personal loanHire PurchasePCP
Fixed monthly payments
Own the car from the outset
Deposit required
Annual mileage limit
Early settlement option