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Who Is Billing Finance and What Do They Offer?

Billing Finance Ltd is a vehicle finance company in the UK. They work with hire purchase (HP) car finance. The company is in Northampton and is allowed to operate by the Financial Conduct Authority (FCA). They help many people, even those who have bad credit, and give car finance that is made for your needs.

They do not have a personal car loan or a line of credit. But they do offer secured finance if you want to get a car. This includes buying motorbikes and motorhomes too. Billing Finance does not use discretionary commission models. So, all rates for the purchase of a car are clear and fair.

What Vehicles Do They Finance?

  • Used cars
  • Motorbikes
  • Motorhomes

Their money is linked to the car. You be required to pay a set amount to them at regular times. After the last payment, the car will be yours.

How Does Billing Finance Car Finance Work?

Billing Finance gives you hire purchase car finance. This means you can get a car and pay for it in smaller parts over time.

You choose your car. You pay a first payment. After that, you pay a set amount every month. When you finish all the payments, the car is yours. This is a good way for people who want to own a car but do not have all the money now. Hire purchase makes having a car easier and more simple to manage.

  • You pick a car from a partner dealership or from someone selling it on their own
  • Billing Finance gives the money for the car right away
  • You pay them back in set monthly amounts over a set time
  • When you finish the last payment (plus the option-to-purchase fee), the car is yours
Feature Details
Finance Type Hire Purchase (HP)
Vehicle Types Used cars, motorcycles, motorhomes
Interest Rate Fixed (based on personal credit and vehicle)
Representative APR 35.9%
Loan Term Up to 60 months
Deposit Required Often required (e.g. £1,000 in example)
Ownership Transfers after final payment
FCA Registration Yes – Billing Finance Ltd (FRN: 314223)

What’s the Billing Finance Application Process?

Billing Finance makes the application process easy for everyone.

  1. Apply – You can fill out an application online or go to a dealer or broker to do it.
  2. Assessment – They look at what you can afford and check your credit. This is done by both people and computers.
  3. Decision – You usually get to know if you’re approved within 24 hours.
  4. Drive – If you get approved, you finish the paperwork and pick up your vehicle.

You’ll need to provide:

  • You need to show proof of who you are and where you live.
  • You have to give proof of your income. This can be payslips or bank statements.
  • You must show that you live in the UK.
  • You should be between 18 and 73 years old.

Billing Finance will not give you a loan if you are bankrupt right now.

What’s the Billing Finance Application Process

Billing Finance Representative Car Loan Example

This example comes right from Billing Finance’s website. It shows what you may have to pay with a normal HP deal.

Detail Example
Loan Amount £9,000
Loan Term 55 months
Deposit £1,000
Monthly Payments 54 x £308.23
Final Payment Includes Option to Purchase Fee
Total Repayable £18,052.65
Representative APR 35.9% (fixed)
Interest Rate Fixed – based on profile

You can use a car loan calculator to see what your payments might be. Just enter the car price, how much deposit you will pay, and how long you want your finance to last. A car loan will depend on your status and what you can afford. If you do not keep up with payments, you may lose your car. This information is right as of 29/07/2025.

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Zero deposit car finance is an appealing option for individuals looking to acquire a new vehicle without paying an upfront amount.

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Can You Apply for Billing Finance With Bad Credit?

Yes. Billing Finance is known for helping drivers who do not have perfect credit. They use both automatic and manual checks to look at if you can pay back, instead of looking only at your credit score.

They consider:

  • Your current income and your work situation
  • How you handled your credit in the past
  • If you can manage the monthly payments that you will need to make
  • The age and type of the vehicle you want to get

This means they are a good option for people who might have been turned down before. If you can now pay back your loan in a good way, you can get help here.

What Makes Billing Finance Different From Other UK Lenders

What Makes Billing Finance Different From Other UK Lenders?

  • No Discretionary Commission Arrangements (DCAs) – Their brokers will not change your rate to make more money for themselves
  • FCA Authorised – They are regulated under FRN 314223
  • Personalised support – If you are a current customer, you get help and flexible support at every stage of your agreement
  • Fast decisions – Most lending decisions happen fast, and people check things by hand to keep things fair

How Does Billing Finance Compare to Other Lenders?

Lender Finance Type Bad Credit Accepted FCA Regulated APR Range
Billing Finance HP Yes Yes 35.9% Representative
Auto-Money HP Yes Yes 26.1% Representative
Moneybarn HP Yes Yes ~31.9% Representative
Close Brothers HP, PCP Limited Yes 9%–19% (typical)
Alphera (BMW Group) HP, PCP No (prime only) Yes From 6.9%

FAQs About Billing Finance Car Finance

Yes, Billing Finance can work with car dealerships and brokers that they have approved. You also have the option to apply to them online by yourself.

No, they do not give a line of credit. All the plans for finance they offer are hire purchase agreements.

No, they only give secured HP car finance. If you want a personal car loan, you should look at other lenders that give out unsecured loans.

Rates do not change. The rate depends on your credit score and what you can afford. The representative APR here is 35.9%.

Repayment terms can last up to 60 months. Your payments will stay the same every time, so you always know what you need to pay on your due date.

Yes, Billing Finance gives special financing rates based on your credit profile and the vehicle you choose. If you have a higher credit score, you may get less interest on your loan over the years. This means you could save money on this financing.

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Page last updated on: 05/08/2025

Page reviewed by: Andrea Troy

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