New wheels? You pay your way

 

With Halifax, you can do it your way. Just as you might pick a sporty soft-top over a city run-around, now you can choose from three great options to finance it.

Already know which option is right for you? 

Get a car finance quote Get a car leasing quote Get a personal loan quote

 

Personal Contract Purchase (PCP)

Might be right for you if you’re looking to switch your car regularly.

  • 7.9% APR representative when you borrow between £7,000 and £25,000.
  • Borrowing from £3,000 to £60,000 available.
  • Agreements between 1-4 years.
  • Money is sent directly to the dealer.
  • Option to own the car by making a lump sum final payment at the end of your agreement.
  • You set the mileage limit. Excess mileage charges apply if you decide to return the vehicle.
  • At the end of the agreement you can return the vehicle. To avoid incurring charges, the vehicle needs to be in good condition.

Read more about personal contract purchase

Get a car finance quote

Hire Purchase (HP)

Might be right for you if you want equal monthly payments.

  • 6.2% APR representative when you borrow between £7,000 and £25,000.
  • Borrowing from £3,000 to £60,000 available.
  • Agreements between 1-5 years.
  • Money is sent directly to the dealer.
  • Own the car at the end of your agreement.
  • No mileage restrictions.

Read more about hire purchase

Get a car finance quote

Car leasing

Might be right for you if you want to drive a brand-new car for a monthly fee without buying it.

  • Choose from over 4,000 brand-new cars from more than 30 manufacturers
  • Fixed monthly repayments
  • 2-5 year terms available
  • No option to own the vehicle
  • You set the mileage limit
  • Option to include a maintenance and breakdown package

Leases are provided by Lex Autolease Limited trading as Halifax

Read more about car leasing

Get a car leasing quote

Personal Loan


Might be right for you if you want more freedom.

  • 6.6% APR representative when you borrow between £7,500 and £25,000.
  • Agreements between 1-7 years.
  • Money is sent to you.
  • Own the car as soon as you make the purchase.
  • No mileage restrictions.
  • You could borrow extra and use it for other things. For example, you could pay off other borrowing.

Read more about personal loans

Get a personal loan quote

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on product, lending amount and personal circumstances.

The maximum APR you could pay on a personal loan is 29.9%.


  • Here’s an example of how much your monthly repayments could be with PCP, HP or a Personal Loan if you were to buy a car and need finance for £13,000 over 4 years.

    Monthly comparison

    PCP Finance Example

    HP Finance Example

    Representative Example Personal Loan  

    Monthly comparison

    Representative APR

    PCP Finance Example

    -

    HP Finance Example

    -

    Representative Example Personal Loan  

    6.6%APR

    Monthly comparison

    APR

    PCP Finance Example

    7.9% APR

    HP Finance Example

    6.2% APR

    Representative Example Personal Loan  

    -

    Monthly comparison

    Total Amount of Credit

    PCP Finance Example

    £13,000

    HP Finance Example

    £13,000

    Representative Example Personal Loan  

    £13,000

    Monthly comparison

    Annual interest rate (fixed)

    PCP Finance Example

    7.61%

    HP Finance Example

    6.00%

    Representative Example Personal Loan  

    6.41%

    Monthly comparison

    Agreement Duration

    PCP Finance Example

    48 months

    HP Finance Example

    48 months

    Representative Example Personal Loan  

    48 months

    Monthly comparison

    Monthly repayments

    PCP Finance Example

    48 x £195.93

    HP Finance Example

    48 x £305.49

    Representative Example Personal Loan  

    48 x £307.75

    Monthly comparison

    Optional final repayment of*

    PCP Finance Example

    1 x £6,850

    HP Finance Example

    -

    Representative Example Personal Loan  

    -

    Monthly comparison

    Total amount payable

    PCP Finance Example

    £16,068.71 (Includes £10 Purchase Fee)

    HP Finance Example

    £14,673.52 (Includes £10 Purchase Fee)

    Representative Example Personal Loan  

    £14,772.00

    *With PCP, once you have paid all of your monthly repayments set out in your agreement, you have 3 options:

    1. pay the optional final repayment and own the car
    2. hand back the car (return conditions apply) without paying the optional final repayment
    3. part exchange the car subject to settling your existing finance agreement; new finance agreements are subject to status.

Who can apply?

Who can apply?

You can apply for car finance if you're:

For a loan, you must be:

  • 18 or over
  • living in the UK
  • in paid employment or getting a regular income.

You must not have had a request for credit declined in the past month or have a history of bad credit, such as bankruptcy or CCJs.

Compare your car finance options

Compare your car finance options

If you're not sure which type of car finance is right for you, why not use our handy comparison tool? Sign in to get started.

Compare car finance Compare car finance

Halifax Car Plan Extra (PCP and HP) is available to Halifax current account customers of more than three months who are registered for Online Banking, are aged 18 and over and a UK resident.

With Halifax Car Plan Extra (PCP and HP) we pay the car dealer directly and the majority of UK dealers are covered.

PCP is available on New or Used Cars up to 7 years old at the end of the agreement.

Halifax Personal Loans are available to customers who are aged 18 and over and a UK resident.

Personal Loans: We adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.