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.
  
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  Whether you're buying online or directly from a dealership, we've got you covered.
  
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  Everything you need to know about using Carmoola and car finance.
  
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  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
  
  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.
  
  Eligibility Checker
  
  See if you’re eligible for a car loan - it's fast, free and has no impact on your credit score.
  
  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
  
  All Car Finance Guides
Guides
- Car Finance (168)
  
  Cars & Gadgets (160)
  
  Car Maintenance (38)
  
  Tips & Advice (142)
  
  News (75)
  
  Road Trips (46)
  
  Pop Culture (188)
  
  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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Carmoola is a trading name of Carmoola Limited which is registered in England & Wales, under Registered No. 12992987. Its Registered Office is 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), and a member of CIFAS (the UK’s leading fraud prevention service).

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 Mainland UK residents aged 18 and over. Carmoola is committed to responsible lending.

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

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