Would you switch your car finance if you could make a monthly saving?
Did you know…most people can change their finance agreement at any time, without changing their car?
Perhaps you love your current car but would like to pay less on your monthly repayments?
Maybe you want to keep your car, but you’ve got an expensive balloon payment coming up?
Are you ready for your next car and want to know what your budget can get you?
Choose your option
*Always check your current finance agreement for any early-termination fees before switching.
CarCloud’s partnership with Motiv brings you a range of car finance deals from 50+ lenders.
This means getting a new finance agreement and using it to settle your existing agreement.
If you have finance on your car, refinancing to a different deal may be possible. Some reasons to consider refinancing could include reducing the interest rate, lowering your monthly payments, or settling a balloon payment.
If your credit score has improved, or you didn’t shop around for your current deal, or other circumstances have changed, you may benefit from refinancing.
Motiv offers a range of refinance types from 10+ lenders to try and help you find the most suitable option, and you can get quotes without affecting your credit score.
You may choose to buy a car, lease it for an agreed time before having the option to buy it outright, or to give it back. Your car finance agreement may be a Personal Loan, Hire Purchase (HP), Personal Contract Purchase (PCP), or a Conditional Sale Agreement.
Using savings is likely to be the cheapest way to purchase a car, however many people can’t buy a car outright, so finance is often required.
With many different types of finance products, it can be difficult to feel confident about what’s best for you. The options on offer can differ from person to person depending on your credit history, the amount needed, the details of the car you’re looking to buy, as well as your personal circumstances.
To try to help you find the most suitable option when buying your next car, Motiv presents a range of finance types personalised for you and your circumstances. You can get quotes without affecting your credit score.
You can always stay with a free account, or you can upgrade today to better manage your car finance
Track your current finance agreement with ease
Using our finance tracker, simply enter your details once and get reminders about where you are and what your options are.
Plan your next move with our easy list of options
On your finance tracker report, we list your options for you. As you make car payments and its valuation changes, so do your options.
Our cars have equity just like houses
It sounds complicated, but it shouldn’t be. We take the value of your car and minus anything you owe on it each month, and update you.
Shop finance deals from the comfort of your home
Wherever you are, you can review competitive options in your own time with no pressure.
“Love checking how much I’ve paid off my car agreement on here. I’ve had a PCP with the same garage since I passed my test – I hate making decisions, and I’ve always been happy with my car, so I just upgraded to a newer model. Then I got an ad for CarCloud on TikTok and started tracking my finance a few months ago. I finally feel in control of how much money is left on my car – it’s helping me understand my options and make a decision in my own time with no pressure. When my car is in positive equity, I’m looking to switch to a personal loan via CarCloud to pay the rest off at a lower rate”
Kate, 28, finally feels in control of her car finance
Just like the mortgage market, new car finance deals regularly become available. Explore your options now, it only takes a few minutes to set up your finance tracker and it might just help you cut down one of the biggest costs of car ownership.
Our mission is to help car owners find their lowest monthly cost of ownership. Car finance is just the start of that.
Want to help fellow car owners?
If you have found this information useful, please share it with your family and friends.
