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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
Might be right for you if you’re looking to switch your car regularly.
Might be right for you if you want equal monthly payments.
Might be right for you if you want to drive a brand-new car for a monthly fee without buying it.
Leases are provided by Lex Autolease Limited trading as Halifax
Might be right for you if you want more freedom.
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 comparisonRepresentative APR |
PCP Finance Example- |
HP Finance Example- |
Representative Example Personal Loan6.6%APR |
Monthly comparisonAPR |
PCP Finance Example7.9% APR |
HP Finance Example6.2% APR |
Representative Example Personal Loan- |
Monthly comparisonTotal Amount of Credit |
PCP Finance Example£13,000 |
HP Finance Example£13,000 |
Representative Example Personal Loan£13,000 |
Monthly comparisonAnnual interest rate (fixed) |
PCP Finance Example7.61% |
HP Finance Example6.00% |
Representative Example Personal Loan6.41% |
Monthly comparisonAgreement Duration |
PCP Finance Example48 months |
HP Finance Example48 months |
Representative Example Personal Loan48 months |
Monthly comparisonMonthly repayments |
PCP Finance Example48 x £195.93 |
HP Finance Example48 x £305.49 |
Representative Example Personal Loan48 x £307.75 |
Monthly comparisonOptional final repayment of* |
PCP Finance Example1 x £6,850 |
HP Finance Example- |
Representative Example Personal Loan- |
Monthly comparisonTotal 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:
You could lower your monthly repayments or pay back a lump sum over an affordable term by refinancing your car.
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.