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More than any bank

Car Loans

Drive away in a brand new vehicle with help from a Norton Finance car loan

Whether you’re buying your first vehicle, looking to upgrade your current model or want to finally get behind the wheel of your dream vehicle, a loan from Norton Finance can help. Whatever your financial situation, we work with a wide range of lenders who can offer loans at rates to suit you.
  • Massive choice

    We search the market from over 600 plans.

  • Flexible terms

    You can choose to spread the cost over any term from 1 to 30 years.

  • Here to help

    Even if you have a poor credit history or CCJs, are self-employed or even retired.

Looking for a larger amount?

Alternatively, call FREE on 0800 694 5566 Open 24 hours a day.

Homeowner rates, from 2.9%

2019 Gold Feefo Trusted Service Award

Unlike a bank we can search wider to find you the best products. So you get more choice not more rejections, even if you have a bad credit history. And that’s more than any bank can offer

What is a car loan?

Car loans are similar to other personal loans and can be used to cover the cost of a new or used vehicle. Once you receive your loan, you can put the money towards a brand new or used car, with repayment rates available to suit your requirements.

How do car loans work?

Financing a car works in two ways. You can either apply for a credit agreement with a registered seller, and pay back the loan over an agreed period of time, or apply for a personal loan and shop for a vehicle of your choosing.

We work with a huge range of lenders to find solutions for individuals who have a poor credit history, or aren’t deemed eligible by most lenders. It means we can help you get behind the wheel of a new vehicle in no time.

What can I use a car loan for?

Apply for a loan and you’ll have the freedom to choose your own path towards a new set of wheels:


New car

Drive away in your dream car when you cover the cost of upfront purchase on all new vehicles.

Private purchase

If you’re buying a car from a private seller, you can borrow the money then transfer directly to them upon agreement of the sale.

Car auctions

A car loan can be used when bidding at auctions, just be sure to only bid up to the amount you have borrowed.

Used cars

A loan can be used when purchasing pre-owned from a dealer.

Classic cars

Use a loan to fund the initial purchase, keeping your car as an investment for the future.

Lease buyout

If you’ve come to the end of your lease agreement but want to keep the car, you can borrow money to make the final payment and drive away as the sole owner.

Applying for a car loan vs leasing

Applying for one of these loans is essentially the same as applying for a typical personal loan. Norton Finance can find you a lender that works for your needs based on your application, no matter your financial history.

There are two more options to consider when it comes to taking on a loan to purchase a car. You could seek an agreement with the dealer where you take on a loan via their provider. At the end of your agreement, you have the choice of handing the car back, buying it outright for the remainder of the loan, or swapping it for an even newer model.

You could also consider leasing a car, which may require a loan for the initial deposit. However, before choosing this option it’s important that you check you can pay back the loan and the lease simultaneously. Leasing often has lower monthly repayments than a financing agreement, as you’ll only ever cover the depreciating value of the vehicle, rather than the whole cost. The difference is that an initial upfront payment is required to agree such terms.

Am I eligible for a car loan?

Your eligibility depends on the requirements set out by the lender, but we can help you find a loan that suits your circumstances. We help people whatever their financial situation, and can even find a car loan for you if you are retired or self-employed. We also help students who may need help purchasing their first car, and those on low-income salaries and apprenticeship schemes who still need a vehicle to get to work and back.

Is a car loan a good idea?

Our loans can help you get behind the wheel of a new vehicle, whether you’re a new driver, need an upgraded model or simply want a decent run-around to commute to work. It’s very important that, before you apply, you look into how much you can comfortably afford to pay back each month. A loan can be a good way of building credit, improving your rating as well as your chances of being accepted for better rates in the future.

Car Loan FAQs

Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.

How much can I borrow?

You can apply for a loan between £3,000 and £500,000 - covering a wide range of vehicle options.

How long are the repayment terms?

We strive to be flexible, with repayment terms from 1 to 30 years available.

What are the interest rates?

These vary depending on the lender you select, but typically, homeowner interest rates start from 2.9%.

How long will it take?

You’ll be able to find out if you’re suitable for a loan instantly online. If your application is successful, the money will be with you within 1-2 weeks.

Are there any loan fees?

If your loan is secured, there may be a broker fee of 12.5% applied - this is capped up to £3,995. We do not charge fees on unsecured loans.

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