Pay monthly car finance

Get my quote
No impact on your credit score

Looking to spread the cost of your next car? With pay monthly car finance, you can break down the total cost into manageable monthly instalments that fit your budget and lifestyle.

Representative 14.7% APR

A calendar with Oodle logo

What are the benefits of paying monthly for my car?

Today, car finance is the most popular way to buy a car in the UK. Finance packages remove the need to purchase the car outright, enabling thousands of drivers to pick up a new set of wheels without having to pay a large lump sum upfront.


Not everyone who needs a car will necessarily have the savings or ready cash to spend large amounts on a one-off purchase. Spreading the cost of your car across the months of your agreement length means that you can avoid paying the hefty sum upfront – and still own a car at the end. There are plenty of advantages to buying a car on finance:

Today, car finance is the most popular way to buy a car in the UK. Finance packages remove the need to purchase the car outright, enabling thousands of drivers to pick up a new set of wheels without having to pay a large lump sum upfront.


Not everyone who needs a car will necessarily have the savings or ready cash to spend large amounts on a one-off purchase. Spreading the cost of your car across the months of your agreement length means that you can avoid paying the hefty sum upfront – and still own a car at the end. There are plenty of advantages to buying a car on finance:

Today, car finance is the most popular way to buy a car in the UK. Finance packages remove the need to purchase the car outright, enabling thousands of drivers to pick up a new set of wheels without having to pay a large lump sum upfront.


Not everyone who needs a car will necessarily have the savings or ready cash to spend large amounts on a one-off purchase. Spreading the cost of your car across the months of your agreement length means that you can avoid paying the hefty sum upfront – and still own a car at the end. There are plenty of advantages to buying a car on finance:

With fixed monthly payments you know exactly what you’re paying.

With fixed monthly payments you know exactly what you’re paying.

Greater security and peace of mind: if maintenance is included in your agreement, you won’t need to worry about the MOT, tyres or servicing costs – as you would if you bought a car outright. Bear in mind, your agreement may not include this automatically, so check if you can add optional maintenance to your monthly payments.

Greater security and peace of mind: if maintenance is included in your agreement, you won’t need to worry about the MOT, tyres or servicing costs – as you would if you bought a car outright. Bear in mind, your agreement may not include this automatically, so check if you can add optional maintenance to your monthly payments.

By committing to manageable monthly payments, you can avoid dipping into your savings to cover a large amount upfront. However, contributing a portion of the payment in cash can help reduce the total amount you need to borrow so consider what works best for you.

By committing to manageable monthly payments, you can avoid dipping into your savings to cover a large amount upfront. However, contributing a portion of the payment in cash can help reduce the total amount you need to borrow so consider what works best for you.

Upgrade your car! Simply put, car finance enables many people to buy higher performance cars (such as hybrid or electric) than they may otherwise have had access to.

Upgrade your car! Simply put, car finance enables many people to buy higher performance cars (such as hybrid or electric) than they may otherwise have had access to.

Types of car finance

Types of car finance

There are many different types of finance out there, including car loans, hire purchase, personal contract purchase and personal contract hire. They all work slightly differently, so it's worth doing some research to make sure you choose the best product for you.

There are many different types of finance out there, including car loans, hire purchase, personal contract purchase and personal contract hire. They all work slightly differently, so it's worth doing some research to make sure you choose the best product for you.

Paying monthly with a car loan

A car loan is a financing option where you borrow a lump sum of money to buy a car and repay it through monthly instalments, but you’ll own the vehicle from the start. While no upfront deposit is required, it’s important to note that the interest rate and monthly payments can be higher than with other car finance options.

Read more

Paying monthly with hire purchase

Hire purchase (HP) is where you make a regular monthly payment for a car with a fixed interest rate – meaning you know exactly how much you are paying every month. The deposit can be flexible or even not required at all. The car is owned by the lender until you pay the last monthly instalment and the option to purchase fee.

Read more

Paying monthly with personal contract purchase

Personal contract purchase (PCP) allows you to buy a car through fixed monthly instalments, like hire purchase. PCP tends to have lower monthly payments as you don't have to pay the car's total value. But should you decide to keep the car at the end of the agreement you will need to pay a substantial ‘balloon payment’ to purchase it outright.

Read more

Paying monthly with personal contract hire

Personal Contract Hire (PCH) is a flexible leasing option that lets you hire a car for a fixed term with manageable monthly payments and an upfront rental fee. You get full use of the vehicle during the lease, then simply return it at the end - there’s no option to buy, making it ideal if you prefer driving the latest models without long-term ownership.

Read more

Trustpilot logo with 4.5/5 star rating.
Trustpilot logo with 4.5/5 star rating.

Car finance thats actually simple

Car finance thats actually simple

Car finance thats actually simple

Whether you’re after your dream car, thinking about switching to electric, or just need a bit more space in the boot, an Oodle Car Loan could help you cover the cost.

Fast application - money
in your account next
working day

Your car, your rules, its yours from day one.

Shop anywhere or choose a trusted dealer.

Excellent rated,
dedicated UK team.

Calculate monthly car finance payments

Calculate monthly car finance payments

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

Once we’ve pre-approved your finance application

Once we’ve pre-approved your finance application

You’ll be able to buy your car from just about anywhere, or visit an Oodle-approved dealer near you to browse thousands of quality used cars.

Apply now


Website displaying various cars for sale, including models like Citroen C4 X, MG MG3, BMW 1 Series, and Hyundai i10, with prices and monthly payment options. A banner on the right side promotes financing with Oodle.
A black Audi parked in an outdoor carpark.
A black Audi parked in an outdoor carpark.
Grey Toyota parked outside open garage.
Grey Toyota parked outside open garage.


Once we’ve pre-approved your finance application

You’ll be able to buy your car from just about anywhere, or visit an Oodle-approved dealer near you to browse thousands of quality used cars.

Apply now


Website displaying various cars for sale, including models like Citroen C4 X, MG MG3, BMW 1 Series, and Hyundai i10, with prices and monthly payment options. A banner on the right side promotes financing with Oodle.
A black Audi parked in an outdoor carpark.
Grey Toyota parked outside open garage.


Pay monthly car finance FAQs

Pay monthly car finance FAQs

Are monthly payments fixed?

Once you have made a successful car finance application with us, yes they are! With an unsecured personal loan (the type of finance we offer on our website), the rate is fixed for the duration of your agreement, meaning that you will pay the same pre-arranged amount every month.

Can I pay off my agreement early?

Yes, you can pay off the amount you owe in full at any time. If you'd like a settlement figure, just contact us to get one. You can find out more about early settlement here.

Can I pay more than my monthly car payments?

Yes, absolutely. If you want to pay off a chunk of your agreement early to reduce what you owe, you can do that too. Known as a ‘partial early settlement’, you can make one at any time. If you’d like to do this, you’ll need to let us know before or at the time you make the partial payment.