How it works
- How Carmoola works
  
  How it works
  
  Find out how our app works. Within a few minutes you’ll be one step closer to your new car.
  
  Trusted Dealerships
  
  Whether you're buying online or directly from a dealership, we've got you covered.
  
  Carmoola Plus
  
  A rolling monthly membership that covers unexpected mechanical and electrical breakdowns.
  
  FAQs
  
  Everything you need to know about using Carmoola and car finance.
  
  Want to learn more?
  
  Reviews from our lovely customers
  
  See what other people say about their Carmoola experience.
  
  Get in touch
  
  Our UK based support team are online 8am-8pm every day.
  
  Join our Trusted Dealership network
  
  Apply now to get access to thousands of Carmoola customers.
  
  Depreciation index
  
  Clearly and colourfully make sense of which cars hold their value the best —and those that might have dropped like a stone.
Car finance
- Car finance
  
  Hire Purchase (HP)
  
  Hire Purchase – or HP – is a type of car finance that lets you spread the cost of a car over an agreed length of time, after which you'll own the car outright.
  
  Personal Contract Purchase (PCP)
  
  Personal Contract Purchase - or PCP - is a flexible finance agreement that allows you to hand the car back, own it outright or trade it in for another at the end.
  
  Refinance my car
  
  Car refinance is the process of taking out a new finance agreement so you can pay off your current loan and switch to a new lender.
  
  Want to learn more?
  
  How does Hire Purchase (HP) finance work?
  
  5 Min Read
  
  What is car finance and how does it work?
  
  6 Min Read
  
  How does Personal Contract Purchase (PCP) finance work?
  
  5 Min Read
  
  HP vs PCP: Which is right for me?
  
  7 Min Read
  
  All Car Finance Guides
Tools
- Tools
  
  Car finance calculator
  
  Our calculator will estimate how much interest you'll be paying and how much your payments might be each month.
  
  Early settlement calculator
  
  Use our early settlement calculator to estimate the outstanding amount on your current HP or PCP agreement.
  
  Car finance eligibility checker
  
  See if you’re eligible for a car loan - it's fast, free and has no impact on your credit score.
  
  Find my dream car
  
  Browse thousands of cars from Trusted Dealerships
  
  Track my car's value
  
  Want to know what your car’s worth? Check it for free in seconds.
  
  Want to learn more?
  
  How much car finance can I afford?
  
  5 Min Read
  
  Can I get car finance if I've just moved to the UK?
  
  6 Min Read
  
  What checks are done for car finance?
  
  4 Min Read
  
  What is a good credit score?
  
  4 Min Read
  
  Does financing a car build your credit score?
  
  5 Min Read
  
  Can I get car finance with a bad credit rating?
  
  4 Min Read
  
  All Car Finance Guides
Guides
- Car Finance
  
  Cars & Gadgets
  
  Car Maintenance
  
  Tips & Advice
  
  News
  
  Road Trips
  
  Pop Culture
  
  Featured guides
  
  How do I know if I was mis-sold car finance?
  
  3 Min Read
  
  Can I buy a car on a credit card?
  
  6 Min Read
  
  Hire Purchase vs leasing: Which is better?
  
  5 Min Read
  
  What is a HPI check, and do I need one?
  
  5 Min Read
  
  Popular guides
  
  What to do if your car on finance is broken beyond repair
  
  6 Min Read
  
  Should I buy a Category S car?
  
  6 Min Read
  
  Explore Our Blog
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Locations

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Legal stuff

Legal hub
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Carmoola is a trading name of Carmoola Limited which is registered in England & Wales under company number 12992987. Registered office: First Floor, 1 Whittlebury Mews West, Primrose Hill, London, NW1 8HS.

Carmoola Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 958057) in relation to regulated consumer credit activities, and is a member of CIFAS (the UK’s leading fraud prevention service).

Carmoola Plus is not regulated by the Financial Conduct Authority. FCA protections do not apply to Carmoola Plus or any products or services included within it. Your rights under your regulated hire purchase agreement are not affected.

Registered with the Information Commissioner’s Office in compliance with the Data Protection Regulations 2018 under registration ZA905089.

Finance is subject to status and is only available to UK residents aged 18 and over.

Carmoola is committed to responsible lending.

To get in touch, email us at support@carmoola.co.uk

If you are struggling with, or worried about debt, MoneyHelper provide free support.

How Carmoola works

How it works

Trusted Dealerships

Carmoola Plus

FAQs

Want to learn more?

Reviews from our lovely customers

Get in touch

Join our Trusted Dealership network

Depreciation index

Car finance

Hire Purchase (HP)

Personal Contract Purchase (PCP)

Refinance my car

Want to learn more?

How does Hire Purchase (HP) finance work?

What is car finance and how does it work?

How does Personal Contract Purchase (PCP) finance work?

HP vs PCP: Which is right for me?

Tools

Car finance calculator

Early settlement calculator

Car finance eligibility checker

Find my dream car

Track my car's value

Want to learn more?

How much car finance can I afford?

Can I get car finance if I've just moved to the UK?

What checks are done for car finance?

What is a good credit score?

Does financing a car build your credit score?

Can I get car finance with a bad credit rating?

Featured guides

How do I know if I was mis-sold car finance?

Can I buy a car on a credit card?

Hire Purchase vs leasing: Which is better?

What is a HPI check, and do I need one?

Popular guides

What to do if your car on finance is broken beyond repair

Should I buy a Category S car?

Oliver Greaves

oliver-greaves has worked for

Site links

Locations

Resources

Legal stuff