COMPARE OUR CAR FINANCE PLANS.

With our Halifax Car Plan, you have 2 car finance options to choose from and you can request as many quotes as you like. It won’t affect your credit score either. Whatever plan you pick, you can use the money to either buy a new or a used car. And what’s even better is you can manage your chosen car finance plan online.

Our car finance plans are unique but share some great features:

  • Buy your car from a range of selected dealerships
  • No hidden charges like early repayment or settlement fees
  • If you have a problem with the quality of the vehicle you buy, we’ll work with the dealership to sort it out for you.

Which of the following describes what you’re looking for?


"I want to own the car after I've paid the last payment."

Our Fixed Car Plan, also known as a Hire Purchase (HP) car finance, might be the best match for you. Here’s why:

  • Own the vehicle at the end of the agreement
  • Make fixed monthly payments
  • No lump sum payment at the end of the agreement
  • A choice of payment terms between 1 and 5 years.

"I want flexibility and lower monthly payments"

Check out our Flex Car Plan, also known as a Personal Contract Purchase (PCP) car finance. It features:

  • A choice to own the car by making the lump sum final payment
  • A choice to return the car at the end of the agreement
  • Lower monthly payments compared to Fixed Car Plan
  • A choice of payment terms between 1 and 4 years.

Fixed Car Plan

Our Fixed Car Plan, also known as a Hire Purchase, is the simplest type of car finance we offer.

Some key facts for you to consider:

  • You might need to pay a deposit.
  • Decide how much you want to borrow and over how many months you want to pay back.
  • No hidden surprises—once you've paid the final payment the car is all yours.
  • You can't sell the car until you've paid the final payment as the car will still be owned by Halifax.
  • You can pay off your agreement early should you wish to.

What could my payments look like?

To give you an idea of what you could end up paying monthly, take a look at the table below.

Fixed Car Finance Representative Example
Representative APR 3.4% APR
Total Amount of Credit £13,000
Annual interest rate (fixed) 3.31%
Agreement Duration 48 months
Monthly payments 48 x £289.75
Total amount payable £13,908 (Includes £10 Purchase Fee)

Sign in to get your quote

Watch our video about Hire Purchase (HP)

Flex Car Plan

Our Flex Car Plan, also known as a personal contract purchase, is perfect for people who want lower monthly payments and like to change their car often.

Some key facts for you to consider:

  • Paying a deposit will make your monthly payments lower.
  • Decide how much you want to borrow over how many months.
  • Your monthly payments will be lower compared to Fixed Car Plan, however you will pay more interest overall.
  • You’ll agree an annual mileage limit.
  • You can own the car at the end of the agreement if you pay the lump sum final payment. Or you could just hand the car back (return conditions apply).
  • You will be charged extra fees if you return your car and it has exceeded the maximum agreed mileage or if it is not in good condition (fair wear and tear accepted).

What could my payments look like?

To give you an idea of what you could end up paying monthly, take a look at the table below.

Flex Car Finance Example
APR 7.4% APR
Total Amount of Credit £13,000
Annual interest rate (fixed) 7.14%
Agreement Duration 48 months
Monthly payments 47 x £251.60
Optional final payment of 1 x £3,602
Total amount payable £15,427.20 (Includes £10 Purchase Fee)

Sign in to get your quote

Watch your video to learn more about Personal Contract Purchase (PCP)

Not sure car finance is right for you?

If our car finance plans aren’t right for you consider our other borrowing options.

Compare Halifax Car Plan Extra with a personal loan


Who can apply?

You can apply if you:

  • have held a Halifax Current Account for no less than 3 months
  • live in the UK and are aged 18 or over
  • are registered for Online Banking.

Lending is subject to status and additional affordability checks.

Watch our video to learn how to apply.

How to apply for Halifax Car Finance

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.