Compare Auto-Money Car Finance Options in the UK

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What Car Finance Does Auto-Money Offer?

Auto-Money Motor Finance is a UK lender and credit broker. They help people get used car finance with hire purchase (HP) agreements. If you want to buy a used car and pay for it over time, Auto-Money can be a good option. The company gives lending decisions in minutes. If your application gets approved, you can finish everything on the same day.

Auto-Money lets you borrow from £4,000 to £20,000 for the purchase of a car. There are fixed interest rates, and you do not have to pay a deposit. This helps you have more control over your monthly payments. You can get the car you want without paying anything up front.

Feature Details
Finance Type Hire Purchase (HP)
Loan Amount £4,000 to £20,000
Term of Your Loan Up to 60 months
Interest Rate Fixed, based on profile
APR 26.1% Representative
Deposit Required No
Eligibility Based on credit score and affordability
Regulation FCA Authorised (FRN: 912573)

Auto-Money gives loans for only used vehicles. The company works with approved dealerships from all over the UK.

How Does Auto-Money Car Finance Work?

Auto-Money helps you buy a used car by letting you pay with a hire purchase plan. You pay each month over a set amount of time. Most people choose to pay between 24 and 60 months. This way, you can spread the cost and make it easier to own a car.

After you make all payments, and pay the extra Option to Purchase Fee if you choose, the vehicle will be all yours.

Representative Example (From Auto-Money’s Website)

  • Loan amount: £10,699
  • Term: 60 months
  • Initial payment: £495.89 (includes £199 admin fee)
  • Monthly payments: 58 payments of £296.89
  • Final payment: £495.89 (includes optional £199 purchase fee)
  • Total repayable: £19,012.40
  • APR: 26.1%
  • Fixed interest rate: 13.3%

This example shows people how to figure out their overall costs with a car loan. You can use a car loan calculator or Auto-Money’s repayment estimates to help with this. The information is correct as of 29/07/2025.

How Does Auto-Money Car Finance Work

Who Can Apply for Car Finance With Auto-Money?

Auto-Money takes applications from UK people who are 18 or older. They will look at your credit report, your income, and if you can keep up with the payments each month for the loan.

You’ll need:

  • You need to have a UK bank account that is valid.
  • You must show proof of your address and ID.
  • After you get approved, you will have to give proof of insurance.
  • Your vehicle must meet their rules for model years and mileage.

Even if you have a low credit score, you can still get considered. This is because their decision is not only about your credit score. They also look at if you can afford it.

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What Are the Benefits of Auto-Money Car Finance?

Benefit Details
Quick decisions Lending decisions offered within minutes
Same-day completion Loans can be finalised on the same day you apply
No deposit required Finance 100% of the car value if eligible
Fixed interest rate Know your exact monthly payment for the full loan term
Works with dealerships Buy used cars from approved dealers across the UK
FCA regulated Authorised and regulated for car lending

Auto-Money is also approved by SAF Experts and is a member of the Finance and Leasing Association. This helps the financial institution have more trust with people.

Can You Get Auto-Money Finance With a Low Credit Score

Can You Get Auto-Money Finance With a Low Credit Score?

Yes, Auto-Money may look at people who have a low credit score. It also depends on how good your money situation is and if you can pay the money back.

They’ll review:

  • Your income and work history will be looked at.
  • Any current loans or lines of credit, like a personal loan or credit card, are checked.
  • They will check your recent activity on your credit report.
  • The place you live and your bank records should be steady.

Having a good score can help you get a lower interest rate. But at Auto-Money, they look more at what you can pay now and how you will handle repayment.

Is Auto-Money a Lender or a Broker?

Auto-Money is both a lender and a broker. This means it can lend the money to you directly. It also works as a broker to help you find the best loan from another lender if that’s better for you.

  • If you match what the lender needs, they might give you a loan right away.
  • If you do not meet their rules, the lender might send you to another lender they work with. They could get a set fee from this partner if you get a loan.

They always share this in their Initial Disclosure Document. This is done the way the FCA asks.

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Does Auto-Money Finance Other Vehicles?

Auto-Money’s main service is giving loans for used cars. But they also help you get money if you need it for:

  • Motorcycles
  • RVs and motorhomes
  • There are some vehicle purchases you can make that need collateral.

You have to use their online platform to see if your vehicle can get approved.

FAQs About Auto-Money Car Finance

Yes. Auto-Money Limited is allowed and controlled by the Financial Conduct Authority (FCA). The firm has the reference number 912573 for this.

Yes. If you get approved and send in all the papers fast, you could finish the loan and drive away with the car on the same day.

There is no fixed score for this. Auto-Money checks your overall money situation, not just your credit score. People with low credit scores can still get considered.

Yes. You can pay back early. You may need to pay interest for the time that has already gone by. Always read the agreement to see the terms for early repayment.

Auto-Money mostly helps with money for used cars. But, it can also let you get finance for motorcycles, RVs, or vans. It will depend on how old the vehicle is and what it’s worth.

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Correct as of 30 July 2025

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Page last updated on: 05/08/2025

Page reviewed by: Andrea Troy

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