How it works

Get a budget for your next car, sign your agreement and be ready to pay in under 10 minutes, all in our easy app.

Takes 60 seconds, no impact on your credit profile to see if you're approved 👍

Representative 15.7% APR

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How our car finance app works

With our car finance app you can apply and sign your agreement quickly and easily. Simply choose the payment options that are best for you and you’ll be one step closer to getting your new car. Wondering how the process works? All you need is to follow these simple steps:

pink stars

The system was extraordinary in that I was immediately approved with the perfect budget figure. I agreed a fair deal with a main Mercedes dealer with their documents completed on line.


John Smith

Proud Mercedes-Benz Owner


Step 1

Get a budget for your next car 💰

In just 60 seconds, find out how much you can spend on your new wheels.

Representative Example

Borrowing £10,000 over 54 months with a representative APR of 15.7%, an annual interest rate of 15.7% fixed and a deposit of £0.00, the amount payable would be £255 per month, with a total cost of credit of £3,770 and a total amount payable of £13,771 including a one-off Option to Purchase fee of £1.

We offer hire purchase loans between £2,000 - £40,000
at a personalised APR between 6.9% and 24.9%


Step 2

Tell us about your new ride 🚗

Run free history checks and have complete peace of mind that you’ve chosen a great car.

  • Unlimited history checks for free
  • Data on your purchase price
  • Search websites and nearby dealerships

Step 3

Verify your identity

No need to dig out bank statements or utility bills. We use the latest technology to give you a fast, paperless experience.

Fingerprint Accepted

Safe and secure

We use biometrics to make sure you are who you say you are

Identity Theft

Simple and swift

Get verified in minutes using only your driving licence

Smartphone Approve

Fully digital experience

No need to dig out old paperwork. All you need is an ID and a face

Step 4

Pay with your Carmoola card 💳

Checkout with Carmoola online, or in the showroom. Accepted at all online car-buying websites, and 1,000's of reputable dealerships.

Pay for your car online

Use your card details at checkout when you pay on a website

Pay by bank transfer

Start a bank transfer to send money
to the dealership directly

Pay with Apple Pay

Add your Carmoola card to your wallet and tap to pay


Pay for your car online

Use your card details at checkout when you pay on a website


Pay by bank transfer

Start a bank tranfers to send money 
to the dealership directly


Pay with Apple or Google Pay

Add your Carmoola card to your 
wallet and tap to pay

step-pay-app-min step-Gpay-min

Try before you buy

Product Review 😯

We asked Chris Palmer to share an honest review of the product, end to end!
So if you'd like a sneak peek before you download... your wish has been granted ✨

Manage your finance

Spread the cost of your ride

The Carmoola app puts you in control,
so no more waiting on hold to a call centre!


Get back on track, quick

Missed a payment? No worries, you can catch up easily in the app

Change payment method

Change payment method

Easily update your debit card details in the app if you need to


Make overpayments

You can make extra payments to pay 
off your loan faster, with no fees!



Refinance your existing loan and save some moola 💰

See if you could save money by switching to Carmoola!

pink stars

It's clear there’s a lot of energy behind this company. So quick to refinance my vehicle. They must have some impressive automation. Honestly if you like a smooth experience, this is the place to get it.


Robert Szakal

Saved money on his Vauxhall Corsa

Answer a couple of questions to find out if you might be eligible to buy your car with Carmoola!


See if you’re likely to be approved for a budget 🤞

  • Aged between 18 - 75
  • Live in the UK
  • Have a full driving licence
  • Buying a second hand car
  • Borrowing between £2K - £40k

Helping you

5 ⭐️ support

Got a question? Our friendly, UK-based team is here from 8am - 9pm EVERY day, via WhatsApp, email, SMS or phone.


So easy to finance a new car. Downloaded app, entered a few details and a pre-approved budget was given. Simple ID checks and a quick process to add desired car. Can't recommend highly enough - so simple and stress free!




The whole experience of using Carmoola was easy, smooth and pain free. The app is amazing and so easy to use and if you need to call them for any reason, they can’t do enough to help. I hadn’t heard of them before but would definitely recommend to anyone looking to finance a car. The most competitive apr I have found. Thank you guys 🙏🏻




Quick, efficient and always on standby to help when needed. Easiest and quickest finance application and the APR was much better than what was offered elsewhere. Will definitely be using Carmoola again. More than satisfied!!!




Carmoola was soo easy and straight to the point, I thought it couldn’t be this easy as I’ve used a finance company before for my previous car but they shocked me. It was done swiftly, professionally and most importantly legally. I fully recommend Carmoola. Also interest rate was the lowest I could get with any other provider




Great experience, had no issues. This is the first time I've used a car loan service, initially it was daunting but Carmoola have made everything run smoothly. The app is also great.



FAQs About How Carmoola Works

Here's the most frequently asked questions about how the Carmoola process works... spoiler alert... it's super easy! Got more questions? Head over to our FAQs page 👍

What do you check when applying for car finance?

When you apply for car finance with Carmoola, we run a soft credit search (no impact on your credit score), an affordability check, and also ask you to upload your driving licence.

Does car finance get paid into your bank account?

No. Once you've chosen the car you'd like to purchase, Carmoola will send the funds directly to the dealership. We have 3 payment methods available. 1) Bank transfer. We use Faster Payments, so the dealership will receive the funds the same day in a matter of minutes. 2) For online purchases, you can use the Carmoola virtual card as if it's your own debit card. 3) Apple and Google Pay. You can add the Carmoola card to your digital wallet, and make a Contactless payment at the dealership.

How do I withdraw money from the app?

You don't withdraw money from Carmoola. We offer loans to put towards the car you're buying. This means once you've chosen the car, you can decide how much you'll borrow from us and we can send those funds directly to the dealership you're buying from.

What if I’m not happy with my budget?

Carmoola runs a credit check and assesses your affordability, to find an affordable budget for you to spend on your next car. You'll be offered a range, from £2,000 up to the maximum budget that we believe is affordable for you. Unfortunately we're not able to increase your maximum budget. However, if you believe you've made a mistake on your application, please get in touch and we'll try our best to help.

Dream it Drive it

What would you like to do first?

Download on the App Store
Get it on Google Play

Takes 60 seconds, no impact on your credit profile to see 
if you're approved 👍

Rates from as low as 6.9% APR, Representative 15.7% APR

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