Car Finance

Three car finance options for your next car

Get your finance sorted before you buy your car.

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Borrow between £5,000 and £25,000 with PCP Car Finance from Admiral. PCP Representative APR 3.1% fixed. This rate applies for loans from £7,500 to £15,000. The rate offered will depend on the amount you wish to borrow and your individual circumstances. You will not own the vehicle until all payments have been made.

Representative example

If you borrow £10,000 over 36 months at a Representative APR of 3.1% (fixed) and an annual interest rate of 3.1% you would pay £216.94 monthly with one optional ‘balloon’ payment of £3,000 and the total amount you would repay would be £10,809.94.

This assumes a contract mileage of 20000 miles and excess mileage charge of 12p per mile. Find out more below.


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What is Personal Contract Purchase (PCP)?

With a PCP deal you don't make repayments on the full value – you have a lump sum or 'balloon' to pay if you want to keep the car. This can be a flexible car finance option for many as you have a couple of choices to make at the end of the agreement:

  • Pay the Guaranteed Future Value (GFV) or 'balloon' payment and keep the car. The GFV is worked out using the age of the vehicle, the current & anticipated mileage and an industry standard valuation.
  • You can also return the car to us.

To apply for PCP finance you will need to know the registration number and current mileage of the car you're looking to buy.

You are the 'registered' keeper of the car and responsible for insuring and maintaining it, but Admiral would remain the legal owner until the agreement has been repaid in full.

Features of PCP

  • At the end of the term you can make the 'balloon' payment and keep it, or simply return the car.
  • Your monthly payments, excluding the final 'balloon' payment, might be lower than other Car Finance deals.
  • Hassle free payment - if you choose a PCP deal we'll pay the dealer for you.

Good to know

  • A PCP deal is secured so you won’t own the car until you pay the ‘balloon’ and the ‘option to purchase fee’ or choose to settle earlier.
  • If you return the car and have exceeded the agreed mileage limit you will be required to pay an excess mileage charge. Please refer to your terms and conditions to see your excess mileage charge.
  • If you have not kept the vehicle in good condition and want to return it you may be charged a refurbishment fee.
  • If you fail to keep up with your payments we have the right to retrieve the vehicle from you.
  • Once you’ve paid at least half of the total amount repayable you have the right to hand the car back and terminate the agreement.

Borrow between £5,000 and £25,000 with HP Car Finance from Admiral. HP Representative APR 3.1% fixed. This rate applies for loans from £7,500 to £15,000. The rate offered will depend on the amount you wish to borrow and your individual circumstances. You will not own the vehicle until all payments have been made.

Representative example

If you borrow £10,000 over 36 months at a Representative APR of 3.1% (fixed) and an annual interest rate of 3.1% you would pay £291.06 monthly and the total amount you would repay would be £10,478.16.

Find out more below.


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What is Hire Purchase (HP)?

HP finance offers you fixed monthly payments for a length of time of your choosing. This type of finance is secured on the car and we own it until you've repaid in full.

To apply for HP finance you will need to know the registration number and current mileage of the car you’re looking to buy.

You are the ‘registered keeper’ of the car and responsible for insuring and maintaining it, but Admiral would remain the legal owner until the HP agreement has been repaid in full.

Features of HP

  • A HP deal is secured against the car.
  • There are no excess mileage charges.
  • Hassle free payment - if you choose a HP deal we'll pay the dealer for you.

Good to know

  • A HP deal is secured so you won't own the car until you've made your final payment, including the 'option to purchase' fee.
  • If you fail to keep up with your payments we have the right to retrieve the vehicle from you.
  • Once you’ve paid at least half of the total amount repayable you have the right to hand the car back and terminate the agreement.

Borrow between £1,000 and £25,000 with an Admiral Unsecured Car Loan. Representative APR 3.1% fixed. This rate applies for loans from £7,500 to £15,000. The rate offered will depend on the amount you wish to borrow and your individual circumstances.

Representative example

If you borrow £10,000 over 36 months at a Representative APR of 3.1% (fixed) and an annual interest rate of 3.1% you would pay £291.06 monthly and the total amount you would repay would be £10,478.16.

Find out more below.


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What is an Unsecured Car Loan?

An Unsecured Car Loan could be a great alternative to standard Car Finance deals. It offers a number of benefits that many of the secured finance deals may not. There’s no mileage limit, no deposit needed and you’ll own the car outright when you drive away from the dealer.

Features of an Unsecured Car Loan

  • Once you've bought your car, you'll own it outright.
  • You don’t have to find a deposit.
  • There are no excess mileage or damage charges.

Good to know

  • Unlike HP and PCP deals, you can’t hand the car back and terminate your agreement once 50% of the total amount repayable has been paid (under a voluntary termination through the Consumer Credit Act 1974).

As a basis for qualification, you must be a permanent resident of England, Wales or Scotland, having lived in the UK for at least 3 years, be between the ages of 18 and 75, and with no recent history of bad credit such as County Court Judgements (CCJs), IVA or bankruptcy. The rate offered will depend on the amount you wish to borrow and your individual circumstances. You can apply for any amount between £1,000 and £25,000 for a period between 12 and 60 months.

APR stands for annual percentage rate. This is the total charge for the loan including fees and interest expressed as a percentage. The APR you are offered may differ from the representative example displayed, this is because each loan application is assessed on an individual basis. The maximum APR we offer is 29.9%.

Admiral Loans are administered and arranged by EUI Limited. EUI Limited is registered in England and Wales at Tŷ  Admiral, David Street, Cardiff, CF10 2EH (Reg. No. 02686904). EUI Limited is authorised and regulated by the Financial Conduct Authority (Firm reference number: 309378). These details can be confirmed by visiting the Financial Services Register, www.fca.org.uk/register.

EUI Limited is a registered data controller (No. Z5299783) under the Data Protection Act 1998. The data controller is EUI Limited. You acknowledge that by providing your personal data to us, you consent to its processing in the manners outlined in our Privacy Policy. Click here to read.

Please see our terms and conditions here.

When you submit an application for a loan, we will conduct an application credit search which may affect your credit score, so you may wish to keep applications to a minimum to protect your credit rating.

If you have any queries about the manner in which your data is processed, please write to: Data Protection Officer, EUI Limited, Tŷ Admiral, David Street, Cardiff CF10 2EH.