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Representative APR 11.9% (Fixed)
Choose from a range of car finance options
Our partner Motiv works with a wide range of providers, including the big car finance brands, to help you borrow the money you need
Car finance for automatic cars works in the same way as for manuals, allowing you to borrow money to fund your next vehicle and pay for it in instalments over a set period. You'll also generally be expected to pay some form of deposit upfront.
The most common types of car finance deals are hire purchase (HP) and personal contract purchase (PCP) agreement. It's up to you to choose the type of automatic car financing that suits your circumstances and your budget.
You can use car finance to fund the purchase of a used car or new car and you if you prefer you can also use car finance to lease a car for an agreed amount of time.
Tell us how you'd like to finance your car, the size of your deposit and the price of the car and we'll calculate your costs in seconds.
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Choose PCP and you'll pay an initial deposit and monthly payments to cover the remaining value of the car, plus interest. At the end of the term, you can buy the car or walk away.
At the end of your PCP, you will have the option to keep the car if you pay lump sum. We've estimated this to be taking your total cost to .
Find car finance loanChoose HP and you'll make monthly payments and usually pay a deposit. At the end of the contract term, you'll own the car.
Financing a car breaks down into a few simple steps. Here's how it works...
You’ll have to agree on how long you want to pay for the car. You’ll also agree to certain conditions, such as annual mileage.
You’ll borrow money from the lender to cover the cost of the car. You will pay an initial deposit to begin with and then make regular payments.
Once the contract is over and depending on the type of car finance, you own the car, hand it back to the dealership or start a new car finance deal.
Lenders generally specify that you have to be over 18 years of age to qualify for car finance. Some also apply an upper age limit and restrict car finance to people under 79, while other car finance companies will require a loan to be paid off before the borrower hits a certain age.
Lenders won’t necessarily need you to be in a full-time job, but they will want to see you’ve got a regular source of income, which you can prove with payslips or bank statements.
People who are self-employed, sole-traders, pensioners, or in receipt of long-term disability benefit can still access car finance, as long as they can provide proof of income.
As with any sort of borrowing, car finance providers will want to see some ID. Acceptable forms of identification include a passport or a driver’s license.
They’ll also want to see utility bills as proof of address.
Criteria differ between lenders, but all will take a good look at your credit history and current borrowing to assess if you’re a responsible borrower and a good bet for credit.
To be eligible for car finance, you’ll typically have to…
When deciding, consider the affordability, how long you want the car for, and if you want to own the car once the deal is finished.
Personal loan | HP (Hire Purchase) | Personal Contract Purchase (PCP) | |
|---|---|---|---|
Deposit needed | No | Likely | Likely |
You own the car straight away | Yes | No | No |
You’ll own the car at the end of the deal | Yes | Yes | No (unless you pay off the remaining balance – but this is likely to be a large final payment) |
Secured (against the car) | No | Yes | Yes |
Excess mileage charges | No | Yes | Yes |
Monthly payments | Yes | Yes | Yes |
Available with bad credit | Yes, but expect high rates | Likely | Likely |
We’ve partnered with Motiv to bring you top car finance deals on automatic cars from across the UK market. Here's how easy it is to compare...
Comparing car finance with us is simple and speedy. Just answer a few questions and you can start comparing
We have a variety of car finance options available, from Hire Purchase, Personal Contract Purchase to a personal loan
Just tells us a bit about your finances and then we can show you car finance deals you’re likely to be approved for
Whether you buy a new or used automatic car is really down to your personal preference, though it is likely to depend on your financial situation, personal circumstances and budget.
Whilst it may be nicer to get a new vehicle, they will be more expensive than a used model.
Missing repayments could have several negative effects so always speak to your lender as soon as possible if you are experiencing difficulties. The lender should be able to offer options to help you mitigate the problem.
But it's critical to note that a missed debt payment could harm your credit score and result in a County Court Judgement against you.
Any assets secured against the loan could eventually be repossessed. Try to avoid missing repayments as it is likely to make borrowing more difficult and more expensive in future.
Many people find automatic cars easier to drive than manual cars
Automatic cars can be more efficient than manual with gear selection
It’s possible to pass your driving test solely for an automatic if you don’t enjoy driving manuals
Some people simply prefer driving automatic cars
MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
Find the right automatic car finance option for you and see which rates you’ll be guaranteed to get
Decide which car finance option is right for you, from PCP or HP to taking out a personal loan
Just tell us a little about you, your finances and what you’re looking for
You’ll be able to sort car finance options by overall cost and the likelihood you’ll be accepted
Newer automatic cars can be more fuel efficient than manual cars, mainly due to the gear ratio and selection. However, this will depend on the vehicle and your driving style.
Yes, it is possible to get automatic car finance even if you have bad credit. But you may not qualify for the best rates.
No, it is possible to buy an automatic car with no deposit. This will depend on the lender, the car and your personal circumstances.
This will depend on the type of agreement you take out.
With a PCP deal:
You can make a final payment, known as a balloon payment, to keep the car at the end of the deal. Alternatively, you can start a new PCP contract on a new car or hand the keys back and walk away.
With an HP deal:
At the end of this fixed term you'll own the car outright without the need to make a large final payment (although you may be charged an administrative 'option to purchase' fee).
Lenders don’t tend to differentiate between automatic or manual cars, so you’ll pay the same interest rate regardless of which vehicle you choose. For that reason, it shouldn't be too difficult to come by cheap automatic cars - as long as you shop around.
Whether you need a petrol car, a hybrid, a hatchback or an SUV, there's a very good chance you'll be able to get one with automatic car finance.
Brands that offer cheap automatic cars typically include:
Citroen
Hyundai
Kia
Land Rover
Mazda
Mercedes Benz
Skoda
Vauxhall
If you don't want to fund your automatic car purchase using hire purchase (HP) or personal contract purchase, you might want to consider taking out a car loan instead.
In fact, if you've got a good credit score you'll often find you'll be offered lower rates on car loans than on car finance deals.
However, it's important to note that car loans offer little of the flexibility that car finance deals afford you, so if you do opt for a loan there'd be no chance of you handing the car back mid-way through your agreement or at the end of the agreed term.
Other options available to would-be drivers include leasing a car with a personal contract hire (PCH) agreement, or signing up for a car subscription.
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We get paid by the companies we work with, but the payment we get doesn’t have any bearing on the information we provide. We get paid in different ways, depending on the type of product or service you buy through us. Our goal is to search deals from as wide a range of companies as possible, but we only show results from our partner providers.
One of the best ways to get the lowest prices and best deals on your household bills is to compare quotes from different companies. We do the work for you, comparing quotes side-by-side and giving you all the information you need so you can choose the right deal for your needs and your wallet.
No, not every company can be included in our service. This is because some companies don’t want their products included on comparison sites, and some decide that they would rather not pay a fee. There are also a few smaller providers who can struggle to cope with the volume of customers that can find their products if they appear on MoneySuperMarket.
Our goal is to search deals from as wide a range of companies as possible so that you can choose the deal that suits you.
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You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.
