Car loan

Sporty or practical? Brand new, or a few miles on the clock? Whatever plans you have, a car loan could help.

What is a car loan?

  • A car loan is just a Personal Loan you use to buy a car. Buying a car with a loan means you can buy directly from a dealer or private seller, and the car will be yours from day one.
  • Halifax current account holders can apply for between £1,000 and £35,000 (between £1,000 and £25,000 if you don’t have a Halifax current account).
  • You can ask for up to two repayment holidays a year (subject to approval). Interest will still be charged for the months that you don’t make any payments, so you'll pay more interest overall and your original term will be extended.
  • No charge for making extra payments – if you pay off your loan in full earlier than agreed, you’ll be charged up to 58 days’ interest.

3.5% APR representative for loans of £7,500 to £25,000 over 1 to 5 years

Representative Example

You could borrow £10,000 over 48 months with 48 monthly repayments of £223.32. Total amount repayable will be £10,719.36. Representative 3.5% APR, Annual interest rate (fixed) 3.45%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we'll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR.

Here are a few points to consider before you buy your next car.

This calculator icon is decorative

Work out your budget

Use our handy Loan Calculator to find out what your monthly repayments could be, and whether a car loan is the right option for you.

If you have a Halifax current account, you can get a personalised quote in just 1 minute through Online Banking.

This car icon is decorative

Do your homework

Once you know your budget, you can start looking for cars in your price range. Be sure to compare prices of similar cars so you don’t pay more than you need to.

It’s also a good idea to get insurance quotes and check car tax rates before you buy. Keep in mind the cost of any work that might be needed too.

This thumbs up icon is decorative

Take someone with you

When you’re viewing a car, try to go with someone who knows what to look out for. They will be able to spot any issues that you might have missed.

Make sure to view cars in daylight and always ask to test drive any car before you buy.

Apply for a car loan

With Halifax it's easy to apply for a car loan. The decision whether to offer you a loan, the amount we’ll lend you and the interest rate will all be based on an assessment of your individual circumstances. If you hold a Halifax current account, in most cases we’ll tell you how much you can borrow and if you’re likely to be approved when you get your quote. This won’t affect your credit score. Check out how it works for existing and new customers:

I have a Halifax Current Account

  • You can apply for between £1,000 and £35,000
  • Choose to make your monthly repayments over 1 to 7 years
  • Get your quote with no credit searches
  • It takes about 1 minute to get your personalised quote in Online Banking
  • If you’re approved, you could have the money in your Halifax current account in minutes. 

It’s quick and easy to get one step closer to your dream car today. Tap ‘Apply Now’ to log-in and apply through the loans calculator.

Apply Now

Alternatively you can call us on 0345 604 7292 (Lines open 8am–10pm, 7 days a week) or visit your local branch

I don’t have a Halifax Current Account

  • You can apply for between £1,000 and £25,000
  • Choose to make your monthly repayments over 1 to 7 years.
  • It takes about 10 minutes to apply online and get a decision.
  • If we approve your loan you should have the money in your account within 24 hours. In some cases it may take a bit longer to have the money in your account - but no more than 5 working days.

Apply to get one step closer to your dream car today. Tap ‘Apply Now’ to apply online.

Apply Now

If you already have a Halifax credit card, mortgage or existing loan, you can also apply by calling us on 0330 123 0678 (Lines open 8am–10pm, 7 days a week).

Looking for other ways to buy your dream car? Have a look at our other borrowing options to see which one is best for you.

Car Finance.

  • Our car loans are just a Personal Loan you use to buy a car. If your application is approved then once the money is in your account you can buy your car directly from a dealer or private seller. The car will be yours straight away. You will then pay the loan back to us in agreed monthly instalments.

  • You can apply for a car loan if:

    • You’re aged 18 or over and live in the UK (excluding the Channel Islands and Isle of Man).
    • You’re in paid employment or have a regular income.
    • You’re not a full time student.
    • You haven’t had a request for credit declined in the past month.
    • You don’t have a history of bad credit such as bankruptcy or CCJs.

    We will then run a number of eligibility checks based on your criteria to determine whether you qualify for a car loan or not.

    Learn more about loan eligibilty.

  • The APR we offer you for your car loan is based on a number of factors. These include how much you want to borrow, how long you want to borrow it for, and your previous credit history. You can use our loan calculator to see how much your repayments could be – however, we may offer you a different APR when you apply, based on your circumstances.

Lending and rate are subject to status. Available to UK residents aged 18+.

Loans are provided by Halifax. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ.