Refinance your car & lower your payments
Switch your existing car loan to a better rate and reduce your monthly repayments. No upfront fees, no impact on your credit score to check.
- ✓Lower your monthly payments
- ✓Consolidate your finance
- ✓No upfront broker fees
- ✓Soft search only to check eligibility
“Amazing service from start to finish. Really consistent communication throughout the whole process.”
“They managed the purchase of my new car. It was a breeze! Talked me through every step.”
“A great experience. Helped me from start to finish and found me a car the same day!”
“Found a car very quickly. The finance was easy — the lender was specific to my situation.”
“Excellent service from start to finish. Very professional and efficient. Highly recommended.”
“Massive thank you for helping me get my first ever car. Made a stressful process easy.”
“I never thought I'd get a car in my own name with my credit score — they made it possible.”
“First class. Very professional — they came back to me right away with clear answers.”
“Can't fault them. I've been using them yearly for refinancing. They go above and beyond.”
“Just magic! From a few clicks at midnight to a closed deal within 24 hours!”
“Amazing service from start to finish. Really consistent communication throughout the whole process.”
“They managed the purchase of my new car. It was a breeze! Talked me through every step.”
“A great experience. Helped me from start to finish and found me a car the same day!”
“Found a car very quickly. The finance was easy — the lender was specific to my situation.”
“Excellent service from start to finish. Very professional and efficient. Highly recommended.”
“Massive thank you for helping me get my first ever car. Made a stressful process easy.”
“I never thought I'd get a car in my own name with my credit score — they made it possible.”
“First class. Very professional — they came back to me right away with clear answers.”
“Can't fault them. I've been using them yearly for refinancing. They go above and beyond.”
“Just magic! From a few clicks at midnight to a closed deal within 24 hours!”
“Amazing service from start to finish. Really consistent communication throughout the whole process.”
“They managed the purchase of my new car. It was a breeze! Talked me through every step.”
“A great experience. Helped me from start to finish and found me a car the same day!”
“Found a car very quickly. The finance was easy — the lender was specific to my situation.”
“Excellent service from start to finish. Very professional and efficient. Highly recommended.”
“Massive thank you for helping me get my first ever car. Made a stressful process easy.”
“I never thought I'd get a car in my own name with my credit score — they made it possible.”
“First class. Very professional — they came back to me right away with clear answers.”
“Can't fault them. I've been using them yearly for refinancing. They go above and beyond.”
“Just magic! From a few clicks at midnight to a closed deal within 24 hours!”
“Amazing service from start to finish. Really consistent communication throughout the whole process.”
“They managed the purchase of my new car. It was a breeze! Talked me through every step.”
“A great experience. Helped me from start to finish and found me a car the same day!”
“Found a car very quickly. The finance was easy — the lender was specific to my situation.”
“Excellent service from start to finish. Very professional and efficient. Highly recommended.”
“Massive thank you for helping me get my first ever car. Made a stressful process easy.”
“I never thought I'd get a car in my own name with my credit score — they made it possible.”
“First class. Very professional — they came back to me right away with clear answers.”
“Can't fault them. I've been using them yearly for refinancing. They go above and beyond.”
“Just magic! From a few clicks at midnight to a closed deal within 24 hours!”
Car refinance explained
Car refinance means replacing your existing car finance agreement with a new one — usually on cheaper terms, over a longer period, or with a different lender. It's one of the fastest ways for UK drivers to reduce the cost of running a car without changing the vehicle itself.
When you refinance, the new lender pays off the settlement figure on your current agreement and sets up a fresh agreement with you. Your car ownership doesn't change, you keep driving the same vehicle, and in most cases the whole process takes 24–72 hours end-to-end.
Refinance is worth considering if your credit score has improved since you took out the original deal, if interest rates have moved in your favour, if your monthly payments are stretching your budget, or if you're approaching a large balloon payment on a PCP agreement and can't (or don't want to) pay it in one go.
At Car Finance UK we compare 15+ specialist UK lenders in seconds to find the best refinance rate you personally qualify for. Getting a quote uses a soft credit search only, so it won't affect your credit score — and there are no upfront broker fees, ever.
Refinance isn't right for everyone. Extending your term can lower your monthly payment but increase the total interest you pay overall. Our advisers will always be upfront about the total cost of credit so you can make an informed decision.
Pros and cons of Car Refinance
- ✓Reduce your monthly payment right away
- ✓Move to a lower APR if your credit has improved
- ✓Refinance a PCP balloon payment into affordable monthly instalments
- ✓Consolidate multiple car and personal loans into one payment
- ✓No upfront fees — the service is free to you
- ✓Soft-search quote, no impact on your credit score
- !Extending the term may increase the total interest paid
- !Early settlement fees on your existing loan may apply
- !Your car must be fewer than ~10 years old at end of term
- !Refinance from bad credit still comes at a higher APR
Car finance calculator
These estimates are for illustration only and are subject to credit checks and lender criteria. Your actual rate and monthly payment will depend on your personal circumstances.
Car Refinance FAQs
How car finance works
Apply in 2 minutes
Tell us the car you want, how much you want to borrow, and a monthly payment that fits your budget. We'll match you to the best deal from our panel of lenders.
Pick a car from any dealer
Once accepted, choose a new or used car — or part-exchange your current one — from a reputable UK dealer. We run the full checks for you.
Drive away the same day
Arrange same-day collection or home delivery. Get behind the wheel and enjoy your new car.
HP vs PCP vs Personal Loan
| Finance feature | Hire Purchase (HP) | Personal Contract Purchase (PCP) | Personal loan |
|---|---|---|---|
| Requires initial deposit | Optional | Optional | × |
| Car is yours at the end | ✓ | Optional (balloon) | ✓ |
| Fixed monthly payments | ✓ | ✓ | ✓ |
| Optional final (balloon) payment | × | ✓ | × |
| Avoid excess mileage charges | ✓ | × | ✓ |
| Secured against the car | ✓ | ✓ | × |
| Support with vehicle issues | ✓ | ✓ | × |
| Available with bad credit | ✓ | ✓ | ✓ |
We work with 15+ trusted UK lenders
A smarter way to finance your next car
15+ lenders, 100+ deals
Access to a wide UK lender panel means we're more likely to find the right deal for you.
Soft search only
Getting a quote won't affect your credit score. A hard search only happens if you go ahead.
Tailored expert advice
UK-based advisers guide you at every step — by phone, WhatsApp or online.
Fast & efficient
Instant decisions in minutes and same-day delivery or collection once approved.