Not sure which way to turn?

Halifax Car Plan Extra lets you borrow against the car and avoid the upfront cost, but you could also take out a personal loan and buy the car yourself.

Here are the key differences to help you decide which option’s right for you.

Halifax Car Plan Extra

“I want Halifax to pay the dealer so I don’t have to worry about the upfront cost.”


Good if:

  • you want to own the car without paying upfront
  • you want to decide at the end of the term whether to keep the car or return it (return conditions apply)
  • you want extra peace of mind – we’ll work with you and the dealer to help settle any disputes.

Exclusive features

  • Apply with no credit searches
  • Borrow from £3,000 to £60,000.

Keep in mind

  • You can’t sell the car until the finance is paid off
  • If you don’t keep up with the repayments, your car may be at risk.

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Personal loans

“I want to receive the money in my account and buy the car myself from a dealer or a private seller.”


Good if:

  • you want a loan which isn’t just for the car
  • you’d prefer to own the car from the start
  • you want to combine your debts into one loan to make it easier to pay them off.

Exclusive features

  • Apply for up to two repayment holidays (your repayment term will be increased and you will pay more interest overall)
  • Borrow from £1,000 to £50,000.

Keep in mind

  • In some cases, we may do a credit search when you apply
  • If you make an early settlement we may charge up to 58 days’ interest.

Compare our loans


You can apply if you’re:

  • a Halifax current account holder (minimum 3 months)
  • 18 or over
  • a UK resident
  • registered for Online Banking.

Watch our video on how to apply.

More about car finance

Get up to speed with our handy car finance guides.


Car finance calculator

Enter how much you want to spend and change your term and deposit to find the deal that suits you best.