Hire Purchase – or HP – is a type of car finance that lets you spread the cost of a car over an agreed length of time, after which you'll own the car outright.
Personal Contract Purchase - or PCP - is a flexible finance agreement that allows you to hand the car back, own it outright or trade it in for another at the end.
Refinance is the process of taking out a new finance agreement so you can pay off your current loan and switch to a new lender.
Our calculator will estimate how much interest you'll be paying and how much your payments might be each month.
Use our early settlement calculator to estimate the outstanding amount on your current HP or PCP agreement.
See if you’re eligible for a car loan - it's fast, free and has no impact on your credit score.
Google Pay lets you ditch the card and pay for your car with a simple tap, all while keeping your financial information secure.
With Google Pay, you can pay quickly and easily with your Carmoola card right from your Android device.
Step 1
Make sure you’ve got the latest version of the Carmoola app
Step 2
Go to the ‘Card tab’ of the app and tap ‘Add to Google Wallet’
Step 3
Tap 'Add to G Pay' and follow the on-screen instructions
Step 4
Open your Google Wallet and select your Carmoola card to pay at the dealership!
Once your Carmoola loan is approved, you can easily add your virtual Carmoola card directly to Google Pay within our app.
Once you have signed your agreement, we'll load up your Carmoola card with the amount of credit you agreed. You can then add that card to your Google Wallet to pay for the car.
When ready to pay, you can authenticate the transaction using Touch ID, Face ID, or passcode. Depending on what the dealership allows, you can make the payment in the dealership, via the app or online.
Your Carmoola card is available exclusively for the purchase of the vehicle you choose and is outlined in your Hire Purchase agreement.
Once you've completed all the application steps and signed your Carmoola Hire Purchase agreement, you can add your Carmoola card to your Google Wallet.
You can use Google Pay at your chosen dealership if they accept contactless payments.
You may also be able to use Google Pay for purchases online, using your compatible Android devices.
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Takes 60 seconds, no impact on your credit profile to see if you're approved 👍
Rates from as low as 6.9% APR, Representative 13.9% APR
Carmoola is a trading name of Carmoola Limited which is registered in England & Wales, under Registered No. 12992987. Its Registered Office is First Floor, 1 Whittlebury Mews West, Primrose Hill, London, NW1 8HS. Carmoola Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 958057), and a member of CIFAS (the UK’s leading fraud prevention service).
Registered with the Information Commissioner’s Office in compliance with the Data Protection Regulations 2018 under registration ZA905089.
Finance is subject to status and is only available to UK residents aged 18 and over. Carmoola is committed to responsible lending.
To get in touch, email us at support@carmoola.co.uk
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