Get a clear answer on car finance, quickly and without pressure. Apply for car finance online with AutoMoney Trust and we will give you a decision in minutes, based on your individual circumstances rather than your credit score alone. Our initial check is a soft search, so seeing what you could borrow will not affect your credit file. Once you are happy with your options, a member of our team will call to talk through your application and confirm next steps.
We are a UK lender authorised and regulated by the Financial Conduct Authority (FRN 912573), a proud member of the Finance and Leasing Association, and SAF Expert approved, so you can be confident your application is in safe hands.
Applying takes only a few minutes and the initial soft search will not affect your credit score. Get a decision in minutes and a real person to talk it through with afterwards.
Prefer to estimate your monthly payments first? Try our car finance calculator.
Applying with AutoMoney Trust is straightforward and designed to fit around your day. Here is what happens from start to finish.
Complete our short online application form. We run a soft credit search to assess eligibility, which is not visible to other lenders and does not affect your credit score. You can read more about soft and hard searches in our credit checks guide.
Once your details are in, we review your application against our standard lending criteria and come back to you quickly.
If you are happy to proceed, a member of our team will call to talk through your options, answer questions, and confirm the figures.
You can use our car finance calculator to size up monthly payments, or browse our used car finance options by manufacturer.
Once everything is agreed, we complete a full (hard) credit check, finalise your paperwork, and arrange payment so you can drive away.
For a fuller walkthrough of the process from start to finish, see our guide on how to apply for car finance.
To complete your car finance application quickly, please have the following to hand:
We will let you know if anything else is needed for your specific application.
To apply for car finance with AutoMoney Trust you must be:
We consider applications across a wide range of credit profiles. If you have had financial difficulties in the past, including a CCJ or poor credit history, it does not automatically mean we cannot help. Every application is assessed on its individual circumstances and affordability, not just a credit score. Finance is subject to status and affordability.
If you are looking to apply with no deposit, that is something we can consider. Our guide on zero deposit car finance options explains how it works.
Working with AutoMoney Trust means more than just being accepted for car finance. We are committed to responsible lending and long term customer support.
We explain every part of your hire purchase agreement in plain terms. If anything is not clear, we encourage you to ask questions. Our team will always take the time to make sure you understand everything before moving forward.
You will never be rushed into making a decision. We give you the time to explore your options, ask questions, and choose the car finance agreement that is right for you. Our goal is for you to feel confident about your decision.
We look at more than just your credit score. If you have had financial difficulties in the past, we will still consider your application. We assess affordability to make sure the agreement is manageable and right for your situation.
You only pay this fee if you decide to keep the car at the end of your agreement. Choosing to hand the car back means you will not pay it. If you keep the car, the £10 transfers legal ownership of the vehicle to you and is usually paid alongside your final payment.
Beyond these, we do not charge hidden fees. If you would like more detail, see our FAQ on our finance fees.
To apply for car finance with AutoMoney Trust, you'll usually need documents that help verify your identity, confirm your income and affordability, and validate your address. The exact documents we'll ask for will depend on your individual circumstances, but having the relevant information ready before you start your application can help make the process quicker, smoother and reduce the likelihood of delays.
You may need to provide proof of identity, such as a valid UK driving license or passport, along with proof of income such as recent payslips or bank statements. You may be asked for proof of address dated within the last three months, as well as details of the vehicle you are looking to finance if you have already chosen one.
If you are self-employed and applying for car finance, you may need to provide additional information, such as SA302 forms, tax calculations, or business accounts, to help demonstrate your income and affordability.
The documents required can vary depending on your individual circumstances and application. Providing accurate details and having your documents available in advance can help sped up the car finance application process and reduce the need for additional requests.
Yes, you can apply for car finance with a low credit score. AutoMoney Trust considers applications from customers with lower credit score, and having a low score does not automatically prevent you from being considered for finance. Each application is assessed individually based on your wider financial circumstances and affordability.
We understand that a credit score does not always provide a complete picture of your financial situation. That's why we also consider factors such as affordability, income stability, existing financial commitments and recent credit conduct when reviewing your application.
Having a low credit score does not automatically mean you will be unable to get car finance. However, it may affect the finance options available, including the rate offered or the amount you may be able to borrow. All applications are assessed individually and remain subject to status, affordability checks and our lending criteria.
If you are looking for car finance with a low credit score, you can explore your options with AutoMoney Trust by completing an online application. Our initial assessment helps you understand whether finance may be suitable for your circumstances, with a decision available in minutes.
Car finance can affect your credit score positively or negatively depending on how you manage your agreement. Making regular, on-time payments can help build a positive credit history and demonstrate responsible borrowing, while late or missed payments can negatively affect your credit score and make it more difficult or expensive to access credit in the future.
If payments are not made on time, they may be reported to credit reference agencies, which can lower your credit score and make future borrowing more difficult or potentially more expensive.
When you apply for car finance, a lender may carry out a hard credit search, which appears on your credit file and can cause a small, temporary change to your credit score. This is a normal part of the application process and helps lenders assess whether finance is affordable and suitable for you.
For more information about how applications are assessed, read our guide on Credit Checks for Car Finance.
The main difference is that with Hire Purchase (HP) you own the vehicle at the end of the agreement, whereas Personal Contract Purchase (PCP) includes an optional final balloon payment if you want to keep the car.
With Hire Purchase, you repay the full value of the vehicle through fixed monthly payments and become the owner once all payments and any option to purchase fee have been paid.
With PCP, monthly payments are usually lower because you are paying towards only part of the vehicle's value. At the end of the agreement, you can pay the balloon payment 9also known as a final payment) to keep the vehicle, return it, or choose another available option.
One of the main differences between HP and PCP finance is how ownership and mileage work. PCP agreement often include annual mileage limits and potential charges if the vehicle exceeds the agreed mileage or is returned with damage outside normal wear and tear. Hire purchase does not usually have mileage restrictions, making it a popular option for drivers who want flexibility and the certainty of owning the vehicle at the end of the agreement.
AutoMoney Trust offers hire purchase car finance only, providing customers buying used cars a straightforward agreement, fixed monthly payments, and the reassurance that they can own their vehicle once the agreement is completed.
Yes, AutoMoney Trust hire purchase agreement includes a £199 admin fee as well as an option to purchase fee of £10, which is paid alongside your final monthly payment if you decide to keep the vehicle at the end of your agreement. This fee allows ownership of the car to transfer to you once all payments have been completed.
All applicable fees are clearly explained in your car finance agreement, so you can understand the costs involved before entering into a hire purchase agreement.
Additional charges may apply if payments are missed, including reminder letter fees or default interest. These charges are designed to cover the costs associated with managing missed payments and are detailed in our arrears fees and default interest schedule.
Unlike some finance providers, AutoMoney Trust does not charge early repayment fees if you choose to settle your agreement ahead of schedule. If you are considering paying off your car finance early, you can contact us to discuss your options and understand any settlement figure that may apply.
