Get on the road sooner. We can help with that
Borrow £1,000–£25,000 to buy a new or used car
Repay over 1–5 years at a fixed interest rate
Speedy online application and fast decision
It’s fast and won’t affect your credit score
Representative 13.2% APR
Post Office Personal Loans are provided by Lendable. Post Office Limited is a credit broker and not a lender.
A car loan is a type of personal loan you use to help pay for a used or new vehicle. You borrow the amount you need and repay it in fixed monthly amounts over a set term. This gives you known repayments and helps you spread the cost rather than paying for the car upfront. You can use a car loan to buy a car privately or from a car dealership, depending on what you’re looking for.
Taking out a car loan might help if you’re:
A car loan can help you get the vehicle you want or need faster without having to wait to save up and helps keep the cost manageable
Buy your dream car: Treat yourself to the car you want. Borrow what you need now and repay in a way that fits your monthly budget
Spread the cost over time: Buy the car upfront but have the flexibility to pay back the loan over a chosen term that works for you
One monthly payment: A clear repayment plan over a period that suits you with one easy to manage monthly payment
Compare your options: If you’d rather not dip into savings or apply for car dealer finance, a loan could work out better than car dealership finance, depending on the rate
We’re a trusted UK brand working with Lendable to offer straightforward, transparent loans. We can help your get your first, second or dream car
Flexible loans: Borrow from £1,000 to £25,000 over a 1- to 5-year term
Easy to apply: The online application process is simple and quick to complete
Get the money fast: If approved, you’ll usually get the funds the same day
Fixed rate for the full term: You’ll know exactly what you need to repay each month
Option to repay early: You can pay off your car loan of sooner, which could save you money compared with repaying over the full term
Applying for a Post Office car loan is simple
It’s quick and won’t affect your credit score. You’ll get a fast decision
Decide how much you want to borrow and choose a repayment term
If approved, the funds for your car should be in your account the same day
Before you borrow, think about:
Your budget: Make sure you can afford the repayments. If you’re unsure, your budget could be tight leading to missed payments, which can harm your credit score
The total cost of borrowing: Check the interest and fees so you know how much you’ll repay overall. Longer terms mean lower monthly payments, but you’ll pay more interest in the end
Using savings: If you have some time before you need the car, consider saving for it instead of borrowing. Or using some savings for some of the cost can lower how much you need to borrow
Other ways to pay: You could use a credit card or a payment plan from your car dealership. Each works differently, so consider the pros, cons and which option suit you best
Your future plans: If you’re applying for a mortgage or other large credit soon, taking out a new car loan too might affect how those lenders decide on your application
Yes, you can use a personal car loan to buy a vehicle privately or through a car dealership. It will depend on the car you’re looking for.
It depends. A car dealership may offer incentives and discounts, but a loan could give you more flexibility or a better rate. It’s best to compare the total cost of both.
If you’re just checking your eligibility, we’ll run a soft check that doesn’t affect your credit score. But if you complete the full loan application and accept the loan agreement, we’ll run a hard credit search that may affect it. The health of your credit score can affect your ability to obtain credit in the future.
Yes, you can repay your loan early without penalty. Settling early could save you money on interest compared with paying over the full loan term.
A secured loan is ‘secured' against something of value that you own, like your house or car.
An unsecured loan isn’t linked to your property or assets. All Post Office Personal Loans are unsecured loans.
Depending on your plans, a 0% purchase credit card, saving up or a car dealership’s finance plan could work.
Make sure you weigh up the pros and cons of different options and choose the one that best suits your budget.
If you miss a loan repayment, get in touch with us as soon as possible. We’ll work with you to find a way forward.
To keep your credit score in good health, make sure you make repayments on time. Missing them could harm your score for future applications.
Buy or review your vehicle tax at your nearest participating Post Office. There are plenty of payment options to suit you
Find cover to help protect you while driving. Optional extras can be added at an extra cost to create a tailored insurance package
Order or renew your driver's licence. Your application is sent off electronically and you should have your new licence in three weeks
Taking out a loan can be a useful way to make larger, single payments that you can’t use savings or income to cover. This could be buying a car, making home improvements, consolidating debt or paying for a holiday, to name a few.
Let’s imagine you’ve found the car you want. Whether you’ve had it in your sights on the dealership forecourt for months or your old faithful has at last burnt out its final gearbox, it’s time to move on. And now you’re wondering about the best way to pay for it. Is a car loan right for you? Should you take the car finance option? We’ll go through these questions and more so you’ve got more info when making the decision about how to pay for your next car.
You may have just bought your first home and want to do it up, or you might be a seasoned homeowner looking to make a large dent in that never-ending list of improvements. Whatever your reason for wanting to take out a loan for home improvement, it can help you achieve your dreams sooner.
One of the most exciting things about homeownership is being able to make changes and revamp your living space.
Thinking about borrowing money with a personal loan or credit card? It’s important to know how much it will cost, but seeing different APR and interest rates may feel confusing.