The connection between a car owner and their car varies considerably. For some, it is their passion, their one true love. For others, a car is simply a necessity, not a luxury, be it for work, supporting family activities or meeting relatives and friends. But for all car owners, it is a cost!
Yet most people are never quite sure that all of those costs are really the lowest they can be. It’s a complicated industry, so trying to find the best options for your personal needs can be stressful, time consuming, costly and confusing.
Our mission
Our vision
Financial peace of mind
for every UK driver
The UK’s most trusted
car savings expert
Our mission
Financial peace of mind
for every UK driver
Our vision
The UK’s most trusted
car savings expert
Imagine the power of having a car industry expert on your side for your lifetime of cars. Imagine how much time and money you could save if you had the information you needed, when you most needed it, to make great decisions possible, based on your unique circumstances and preferences.
Whether that’s keeping your car compliant, and on the road (tax, MOT, insurance), access to competitive deals for finance or insurance, or deciding when to switch from your current car to the next… having that peace of mind that you are making informed decisions is game-changing.
CarCloud makes life easier by digitising vehicle lifecycle management and optimising the cost of car ownership.
Our services include critical date reminders, document storage, monthly running cost estimates, finance tracking, equity forecasting, insurance renewals, as well as mid-term and end of term finance. This is so important right now, a time when the car industry is impacted by so much change:
Transition to EV
Insurance Premiums
Cost of Living
Finance Mis-selling?
The transition to electric vehicles (EV) is gathering pace, backed by legislation (phasing out of petrol and diesel cars by 2035), but with an untested EV used-car market that is causing confusion.
Average car insurance renewal premiums are up by at least 56% on the prior year, prompting more people than ever to shop around.
The cost-of-living crisis has led to an unprecedented pressure on many households to reduce their monthly expenditure.
Media reports about potential historic car finance mis-selling highlight the need to check that your vehicle finance deal is competitive.
Transition to EV
The transition to electric vehicles (EV) is gathering pace, backed by legislation (phasing out of petrol and diesel cars by 2035), but with an untested EV used-car market that is causing confusion.
Insurance Premiums
Car insurance renewal premiums are up by at least 56% on the prior year, prompting more people than ever to shop around.
Cost of Living
The cost-of-living crisis has led to an unprecedented pressure on many households to reduce their monthly expenditure.
Finance Mis-selling?
Media reports about potential historic car finance mis-selling highlight the need to check that your vehicle finance deal is competitive.
If it confuses you, don’t worry, you are not alone! Car cost management is a problem for the majority of the UK!
#2
Household expense
Often the second largest household spend after mortgages/rent.
75%
of UK adults
Hold a driving licence, it’s possible that you could drive for approximately 60 years in a lifetime.
78%
Finance agreements
Representing at least 50% of total new car costs per month on average.
80%
PCP Agreements
Personal Contract Plans are the most popular form of finance.
#2
Household expense
Often the second largest household spend after mortgages/rent.
75%
of UK adults
Hold a driving licence, it’s possible that you could drive for approximately 60 years in a lifetime.
78%
Finance agreements
Representing at least 50% of total new car costs per month on average.
80%
PCP Agreements
Personal Contract Plans are the most popular form of finance.
33m
Cars in the UK
Owned between circa 40m eligible licence holders.
£16b
Annual spend
On car lifecycle management products and services.
£12b
Addressable market
Any car that’s 1-15 years old; 75% of the total market.
7.5m
Other vehicles
Are eligible for CarCloud. Any vehicle with a registration plate.
33m
Cars in the UK
Owned between circa 40m eligible licence holders.
£16b
Annual spend
On car lifecycle management products and services.
£12b
Addressable market
Any car that’s 1-15 years old; 75% of the total market.
7.5m
Other vehicles
Are eligible for CarCloud. Any vehicle with a registration plate.
Starting with Finance and Insurance
Did you know that a typical person might drive for approximately 60 years throughout their lifetime and could easily own 15 cars! And these days most of those cars will be purchased via a PCP finance agreement on a three year term, often refinancing for the ballon payment at the end of the contract. Its now possible that someone could have 20 finance agreements and 60 insurance renewals in their lifetime.
The car spend of a UK family is often their second highest cost. Since most of that may be spent on Finance and Insurance, CarCloud is now bringing you competitive and convenient Finance and Insurance offers through partnerships with Experian and MoneySuperMarket. We can do this as we are an independent business, unlike many of our competitors that are owned by banks and financial institutions and whose product offerings are limited to their own range.
As an example, most people think you need to wait till the end of your car finance deal, perhaps 3 years, before being able to consider other options. But in fact you can switch Finance at any time, even on the same day that you took out a finance deal. Always check your current finance agreement for any extra costs associated with early-termination before switching. CarCloud can compare your existing deal to other options, letting you know when there could be potential to switch, actively looking for ways to save you money.
Car admin and running costs
Our car lives are often spread across a mix of paperwork at home in drawers, email chains and websites. CarCloud puts it all in one place and uses our car industry insight to ensure that you get effortless digital convenience through our website (for car cost management) and app (for document management).
Other services
CarCloud will soon be available to the UK’s 40 million licensed drivers and could help them to control vehicle costs and save time and effort in managing payments, purchasing new vehicles and reducing the environmental impact via transition to EV.
Easy customer experience
We are constantly adding new features whilst simplifying our user journey.
We don’t just do cars…
Any vehicle with a registration plate is eligible.
Join us on our journey to the Better Way to Car / Bus / Taxi / Mini-bus…..
Here to help you save money.
