Flexible Payments, Affordable Rates, Easy Approvals – Take to the Road Today!
Are you a student who can’t wait to hit the road in your very own car? Try our range of car finance for students! Student car finance is a loan product specially designed to make transport affordable and accessible to students on a budget.
The main benefit of student car finance deal? Flexibility when it comes to monthly repayments. That makes owning a car a whole lot easier when you’re at university.
Focus on being able to afford your car but still get the one that suits your lifestyle. At the end of your deal, you can decide whether to keep the car, return it, or even trade it in for another model.
This kind of financing takes into consideration the particular situation students find themselves in, like having a low income and limited credit history, and offers a product to meet the needs of students.
There are more than a few reasons students across the UK count on CarFinanceToday to find a flexible car loan that meets their needs—and it’s not just our low prices!
We work with only the most trusted lenders to find the perfect car finance agreement that provides the kind of terms you’re looking for, be that lower monthly instalments, low interest, or cheaper deposits.
Some of the main benefits of our car finance for students include:
Our lenders understand that students may have lower incomes compared to full-time earners. At CarFinanceToday, we believe this shouldn’t be a barrier to car ownership. That’s why we source top car loans that offer specially-discounted monthly repayments that reflect your unique position. Pay less, get the same great vehicle!
One of the best parts of our car loans for students is that when the loan term comes to an end, you’ll have multiple options. You’ll never be stuck if you change your mind; instead, depending on your agreement, you’ll be able to either buy the car outright, trade it in for another model, or return it and walk away. With our car finance solutions, the choice is yours!
We know not every student will have a good credit score just yet. If that sounds familiar, don’t panic: our loans are specially catered to students who may have limited credit history. We’ll work out tailored solutions that give extra leeway when it comes to student car financing—so you can get behind the wheel sooner without worrying about your credit score being an obstacle.
Even within the bracket of ‘car finance for students’, there are multiple deal types you can apply for, each with their own pros and cons. The perfect solution for you will depend on a few factors, including:
Whatever your needs, we’re confident our lenders can offer an incredible student car finance deal designed just for you.
Here are some top options:
Hire Purchase is a top choice, and always will be. With Hire Purchase, you’ll spread the cost of your dream car over a set amount of monthly payments, and walk away the proud owner at the end. Choose HP if you want:
Personal Contract Purchase is another top contender for students. PCP is similar to HP, only with a few important differences: a) you’ll have lower monthly repayments, and b) you’ll choose whether to buy, trade in, or return the car at the end of the car loan. With a PCP agreement, much of the car’s value is put into a final balloon payment. So PCP is ideal if you want:
Limited credit history blocking your chances of car financing? Not anymore. Guarantor car finance—or a ‘guarantor car loan’—is the perfect way to access fair rates and more car choice despite poor credit. Simply ask a guarantor—usually a parent or guardian—to ‘guarantee’ your payments on your behalf. Guarantor financing is great for:
Like the sound of paying nothing upfront? In some cases, this may be possible—even for students. Depending on your financial circumstances, lenders may be able to offer you special No Deposit finance agreements, which spread the extra cost across monthly instalments instead. This is perfect if you:
Budgeting is crucial, especially for students considering car finance options. That’s why we’ve included our handy, 100% free car finance calculator below. Simply enter your details and figure out how much you’ll pay each month.
Head of Content and Conversion
Impressed by our selection of flexible car finance models for students? Welcome aboard. Taking the next step is easy. You can apply in minutes online and we’ll get back to you with various possibilities as soon as possible. Just follow the steps below:
We know that as a student you may not have a large credit history. Our goal is to make car finance widely available, offering you the greatest chance of getting the loan you require. We’re associated with a variety of highly regarded lenders looking for the right deal for you, considering your unique situation.
Must be 18 and above. You must also have at least three years’ address history in the UK.
We’ll carry out a soft credit check, which will give you an approval in principle.
We know your credit score may not be perfect. And although a perfect credit score can arguably improve your chances, there are a lot of other things we consider too.
At Car Finance Today, we work to make the process of car financing as smooth and seamless as possible, especially for students. We understand how you are faring and are eager to help you in any way we can.
We want to provide the independence that comes with having your own set of wheels - the freedom to travel wherever, whenever. Be it to and from university, traveling to an internship, or just sorting out some personal errands, we'll find you a deal that suits your purse and lifestyle.
Even if you don't have much borrowing history, we will match you with the best deals from our panel of reputable lenders. Our aim is to get you the cheapest finance possible so you can drive a car that's right for you.
Once you've applied, you will be given an individual account manager who will then walk you through each step of the process, making sure everything is straightforward, easy, and free of hassle.
Explore what questions are commonly asked about black box car finance:
Exceeding the agreed-upon limit can be subject to an additional charge per mile.
Yes, most agreements allow you to pay off your finance early, though your contractual agreement might have some early settlement charges included.
A good credit score does help, although we do have options available to suit all kinds of finances.
So long as it’s within the mileage and in good condition, then you are able to return the vehicle without any additional cost.
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