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Best Car Finance Deals This June: Rates, Speed, and Flexibility
Explore the top car finance options this June, focusing on rates, approval speed, and eligibility. Discover which lenders offer the best deals for your credit profile.
Quick Picks
Lowest APR: MotoNovo Finance.
Best for Bad Credit: Moneybarn Car Finance.
Fastest Approval: Zuto Car Finance.
APR Range
Most Affordable Rates
The cheapest APR in this batch is 5.9%, but the catch is a 680 credit floor. Here's where to find the lowest rates.
MotoNovo Finance
MotoNovo Finance offers a competitive APR starting at 5.9%, making it a great choice for those with strong credit history who are looking for both HP and PCP options. Available through a wide dealer network, it suits used car buyers looking for flexibility in financing.
MotoNovo Finance
Auto- Amount
- Up to £4k–£75k
- Term
- 12–60 mo
- Speed
- ⚡ Same day decision
Best for individuals seeking a reliable motor finance lender with a wide dealer network and competitive rates.
Black Horse Car Finance
Black Horse Car Finance also provides low APRs from 4.9%, but availability is limited to dealership purchases. This works well when you prefer an established brand like Lloyds Banking Group with a reputation for reliability.
- Amount
- Up to £4k–£100k
- Term
- 12–60 mo
- Speed
- ⚡ Same day via dealer
It's ideal for UK residents seeking flexible car finance options with quick dealership approvals.
If you're dealing with a less-than-perfect credit score, the next group might be more relevant. These lenders specialize in helping those with poor credit histories.
Options for Bad Credit
Even if your credit isn't perfect, there are still options available that consider less-than-ideal credit profiles.
Moneybarn Car Finance for Poor Credit
Moneybarn Car Finance is an ideal pick for those struggling with bad credit, offering HP deals with a representative APR of 30.7%. It's one of the few lenders open to poor credit histories, although rates can go up to 69.9% APR for the riskiest profiles.
- Amount
- Up to £3k–£25k
- Term
- 24–60 mo
- Speed
- ⚡ Same day decision
Best suited for individuals with CCJs, defaults, or low credit scores seeking a straightforward hire purchase agreement.
Oodle Car Finance
Oodle Car Finance provides a quick online process with no deposit required, making it a convenient option for used car buyers who need fast decisions without impacting their credit score.
Oodle Car Finance
Auto- Amount
- Up to £3k–£50k
- Term
- 24–60 mo
- Speed
- ⚡ Instant decision
This service is ideal for UK residents seeking flexible payment options on used cars, especially those who prefer a soft credit check.
Close Brothers Motor Finance
Close Brothers Motor Finance is a solid option for those who want to work with an established lender. They offer competitive HP and PCP options through a large dealer network, ideal for those seeking stability in their lender choice.
- Amount
- Up to £4k–£100k
- Term
- 12–60 mo
- Speed
- ⚡ Same day decision
This option is ideal for UK residents looking for a reliable lender with quick approval times and a range of financing options.
Now, let's move to options that promise speed. If you need a quick decision to drive away with your new car, these lenders are your best bet.
Fast Approval Options
When time is of the essence, these lenders offer rapid approval processes.
Zuto Car Finance
Zuto Car Finance stands out for its speedy approval process, delivering decisions in as little as 60 seconds. It's a top choice for those who want to compare offers from multiple lenders quickly and efficiently.
Zuto Car Finance
Auto- Amount
- Up to £1k–£75k
- Term
- 24–60 mo
- Speed
- ⚡ Decision in 60 seconds
Best suited for UK residents looking for competitive rates on car loans with access to various lenders.
CarFinance 247
CarFinance 247 is another contender for those needing rapid decisions, offering competitive rates starting at 8.9% APR. Although primarily a broker, it provides access to a broad range of lender options.
CarFinance 247
Auto- Amount
- Up to £1k–£50k
- Term
- 12–60 mo
- Speed
- ⚡ Instant online
This service is best for those who need fast financing for a vehicle and have a clear repayment plan.
Each of these options has its strengths, from low rates to fast approval times. Your needs will determine the best match, but knowing what's available gives you the power to choose wisely. For a deeper dive into current offerings, check out our Car Finance Options for June: Rates, Speed, and Flexibility.