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1K+
Downloads for the app
No.1
Fastest growing car finance app
4585188
customers applied
9587
approved dealers
What is the Carmoola App and how does it work?
The Carmoola app is your all-in-one car finance app, built to help you budget, buy, and drive away faster.
Our app lets you check what you can borrow, find your dream car, and pay for your new ride in minutes. All without sales calls or waiting around. Just smart, simple car finance that fits your life.
From budget to showroom to your front door, here’s how it all works: Step by step.
Get a budget for your next car
In just 60 seconds, see how much you can spend. No lengthy paperwork, no impact on your credit score. You can also adjust your plan before you commit.
- Change your deposit to suit your upfront budget
- Tweak how much you borrow so the monthly cost feels right
- Choose your term length to stretch or shorten your repayments
Tell us about your new ride
Already found a car? Add it in the app to get started, or let us help you find the perfect one.
- Browse thousands of cars from approved UK dealerships
- Check up-to-date price valuations so you know you’re getting a fair deal
- Spot red flags early with unlimited car history checks
Verify your identity
No scanning. No stress. Just your lovely face and your licence.
- Safe and secure: We use biometrics to protect your identity
- Simple and swift: Get verified in minutes
- Fully digital: No digging through drawers for bank statements
Sign your agreement
Once you’re fully approved and happy with your plan, sign your agreement right in the app.
- Go 100% digital and review everything in-app with no lengthy paperwork, calls or printing required
- Complete final checks as we verify your income and run a hard credit search
- Add your debit card to set up your monthly repayments
Pay with your Carmoola card
Whether you’re buying online or in a showroom, pay your way with Carmoola.
- Pay online: Use your virtual card at checkout
- Tap to pay: Add to Apple Pay or Google Pay
- Pay by transfer: Send money directly to the dealership
Borrowing £10,000 over 54 months with a representative APR of 13.9%, an annual interest rate of 13.9% fixed and a deposit of £0.00, the amount payable would be £246 per month, with a total cost of credit of £3,284 and a total amount payable of £13,285, including a one-off Option to Purchase fee of £1.
We offer HP loans between £2,000-£40,000 and PCP loans between £2,000-£55,000 at a personalised APR between 6.9% and 29.9%.
Still searching for your dream ride?
Browse thousands of cars from approved dealerships, and see your budget in seconds.
Let’s find my car
After you buy your car with Carmoola Car Finance
Manage your car finance in the app. No need for phone queues, no stress.
Missed a payment? Catch up in the app.
Change card details or payment date? Easy.
Want to pay it off faster? Overpay at any time.
And if you ever need a hand, our friendly UK-based team is here from 8am - 9pm EVERY day, via WhatsApp, email, SMS or phone. You can contact us via our website too 😊
Carmoola App features summarised
Once you've got your budget, you unlock our app's full power. And, it gets even better once you sign. Here's what you can do inside the Carmoola app:
Before you sign: Build your perfect car finance plan.
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See personalised loan options for HP car finance, PCP finance or refinance your car -
Customise your plan by adjusting your deposit, borrowing amount, and term length -
Add a part-exchange contribution if you're trading in your current car -
Run unlimited free car history checks to shop smart -
Check up-to-date car valuations so you know what to pay -
Browse thousands of cars from approved dealerships and buy with confidence from our trusted partners -
Sign your agreement securely in the app -
Pay your way using your Carmoola virtual card online, with Apple Pay or Google Pay, or by bank transfer
After you sign: Take control of your car finance.
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Make overpayments whenever you like -
Increase your monthly payments to pay off your loan faster -
Pay off your loan in full at any time -
Manage missed payments quickly and easily -
Change your payment date to one that suits you
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Update your debit card details -
Download your annual statements straight from the app -
Request an early settlement quote -
See how much of your car you own – and how close you are to owning it all
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Name your car -
And more!
Carmoola App FAQs
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 I apply 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.
Finance is subject to status and is only available to mainland UK residents aged 18 and over with a full driving licence. Acceptance is subject to the vehicle meeting approval criteria. Terms and conditions apply. Borrow responsibly.
Does car finance get paid into my 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.
- Bank transfer. We use Faster Payments, so the dealership will receive the funds the same day in a matter of minutes.
- For online purchases, you can use the Carmoola virtual card as if it's your own debit card.
- 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.
How long do Carmoola’s final checks take?
Most customers get fully approved and ready to sign within 1 to 2 working days from the time they apply. If we need anything else from you, we’ll let you know straight away.
Can I use Carmoola at any dealer?
Carmoola is accepted at over 9,000 dealerships across the UK. Here’s a list of the dealerships in our network for major UK cities.
To find an approved car dealership near you (and your dream car), head to our app.
What happens if I change my mind on the car?
If you change your mind on the car before you sign the agreement, you can update your car within 30 days.
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. Within the app, you’ll be able to adjust your budget from £2,000 to the maximum budget that we believe is affordable to 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 with our support team, and we'll try our best to help.
Is Carmoola legit?
Carmoola Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 958057), and a member of CIFAS (the UK’s leading fraud prevention service).
Outstanding help and support
Got a question? Our friendly, UK-based team is here from
8am - 9pm EVERY day, via WhatsApp, email, SMS or phone.
