A typical car deposit is usually 10% of the loan amount. Generally speaking, the bigger the deposit you can afford, the cheaper your car finance will be. This is because you’re borrowing less and could be paying less interest on a shorter loan term.

Yes, as long as you’re comfortable with the repayments, buying a car on finance can be a great way to pay for a car that you otherwise wouldn’t be able to afford. Buying a car outright can be expensive, so car finance deals help make buying a car more accessible. However, buying a car on finance can be more expensive than buying outright. Unless you get a 0% finance deal, you’ll likely be paying interest over several years and there’s a cost to that. Make sure you’re fully aware of the costs involved and only commit if you’re confident you can pay the car off.

anyone can see if they're able to get finance within minutes. You just need to give us some information, and we'll let lenders carry out a soft credit search to see if they can offer you a good deal. This won't affect your credit rating. Credit is subject to status and additional affordability checks.

To apply for car finance you'll need to enter some of your personal details alongside your budget and/or what car you want. This takes less than three minutes, and will enable our lenders to perform a soft credit search for hire purchase loans. Once we have the right details, we will be able to give you an instant decision with the amount you'll pay each month, the exact APR, and how much the total cost of the loan will be. If we need more information from you to place you with a lender, we'll give you a call to discuss. The quote will be valid for 30 days, so it gives you time to look for your dream car if you haven't already found it. Once you have decided, you'll need to provide the details of the car and of your approved dealer. The money will be transferred to the dealer and you'll receive the deeds to the car when you collect it.

Yes, as long as it’s a reputable UK dealer. We can actually help you find a car from one of our Approved Dealers, if you’d rather make sure you’re in safe hands. These are dealers that have been vetted by AA Cars – they’ve had the required financial checks and hold the relevant trading licences. What’s more, all their cars come with a free history check and 12 months of AA Breakdown Cover. Find a car.

Loan approval is a two-step process. First, you give some basic information to get pre-approval – this is like an agreement in principle to lend you an amount of money. A provisional green light. It’s a soft credit check that won’t affect your credit rating. If you then want to go ahead with borrowing, you then need to confirm some more details and get a hard credit check before gaining full approval. Use the eligibility check now.

APR stands for Annual Percentage Rate of Charge. This includes charges and arrangement fees.

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Every lender differs. Some can get you the funds same day. However, it's usual for the money to come through in about three to five days. You can then arrange with the dealer to pick up your new car.

Your deposit is the amount of money you have available to pay the dealership upfront. This could include savings and/or the value of a current vehicle as a part-exchange, and it’s taken off the total sum of the car you’re buying.

Yes, you can sell your car online and use the money as a deposit for your new car. You can sell your car online with the AA, thanks to our partnership with Motorway. Get the best price for your car from 5,000+ dealers. It’s completely free with home collection.

Yes, you can pay off your loan at any time without incurring any early repayment charges. You will receive a rebate of interest if you pay off the loan early. You can also make overpayments with most of our lenders to help shorten the length of your loan.