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Car Finance Options for June: Rates, Speed, and Flexibility
Discover top car finance options for June. From low APRs to fast approvals, find the best fit for your needs.
Quick Picks
Best overall: MotoNovo Finance.
Best for bad credit: Moneybarn Car Finance.
Best for comparison shopping: Zuto Car Finance.
Established Dealer Finance Options
These options are ideal for those who prefer financing through well-known dealerships, offering a mix of HP and PCP agreements.
MotoNovo Finance
MotoNovo Finance stands out with a large dealer network and competitive rates starting at 5.9% APR. It's especially useful for used car buyers who prefer flexible HP or PCP terms through a dealership. The drawback is that you can only apply through dealers, which might not work for those looking for a direct application process.
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
The draw here is Black Horse Car Finance's association with Lloyds Banking Group, offering competitive PCP rates from 4.9%. Available at most UK dealerships, it's best for buyers wanting assurance from an established name. However, rates can vary based on the dealer relationship, which might reduce transparency for some.
- 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.
Close Brothers Motor Finance
Close Brothers Motor Finance works well when you seek a trusted lender with over 150 years in the business, offering both HP and PCP through a wide dealer network. However, as with others, it requires going through intermediaries, which can limit direct consumer control over the process.
- 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.
Moneybarn Car Finance for Poor Credit
Moneybarn Car Finance is worth considering because it specializes in bad-credit car finance, making it accessible for those with poor or limited credit histories. The trade-off is its high APR, starting at 30.7%, which can go up to 69.9% for the poorest credit 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.
While dealer-based options offer stability, they often lack direct application processes. For those who prefer comparison shopping and potentially better rates, broker platforms offer a compelling alternative.
Broker Platforms for Car Finance
Broker platforms allow you to compare multiple lenders at once, often with fast decisions and no impact on your credit score.
CarFinance 247
CarFinance 247 is a solid choice if you're looking for a broker that makes finding car finance easy. With rates starting at 8.9% APR and a strong 4.9 Trustpilot score, it offers a user-friendly experience. However, as a broker, the actual rate you get depends on your credit profile.
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.
Zuto Car Finance
You'd pick Zuto Car Finance if you want to compare offers from multiple lenders quickly. With rates starting at 8.9% APR and a 4.8 Trustpilot score, it favors those with excellent credit for the best deals. The caveat is that it only deals with dealer cars, excluding private sales.
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.
Oodle Car Finance
Oodle Car Finance sets itself apart with its quick online process and soft credit checks, making it a great option for used car buyers. However, it's limited to HP agreements and used cars, which may not suit everyone.
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.
Choosing the right car finance option depends heavily on your credit profile, the type of vehicle you're interested in, and your preference for direct or broker-based applications. Established dealer options provide stability, while brokers offer flexibility and comparison opportunities.