Finance for every journey.

Car finance can be used to buy new or used cars from a dealer, whether it's your first car, a family car or an upgrade. Through Torque you can explore HP, PCP, Conditional Sale and Lease Purchase from one application. Compare finance products →

Yes. Some lenders specialise in first-time buyers and young drivers with little or no credit history. They'll look closely at your income and affordability. You'll need to be 18 or over and hold a full UK, provisional UK or EU driving licence. A deposit can improve your chances and lower your payments.

Often, yes. Torque works with lenders who consider customers with missed payments, defaults, CCJs or an IVA. Rates are usually higher with poorer credit, and every application is subject to the lender's criteria. Checking with us uses a soft search, so it won't affect your score. Read our bad credit FAQs →

You can choose most cars from any reputable, trusted dealer that meets our requirements, as long as the car meets the lender's criteria on age, mileage and value. You can get approved first and shop with a clear budget, bring us the car you've already found, or let us help source a suitable vehicle for you.

Yes. Your current car's value can count towards your deposit, even if it still has finance outstanding. The dealer settles your existing finance, and any remaining equity reduces the amount you need to borrow.

Yes. Torque can help you finance new and used vans, pickups, minibuses, trucks and other commercial vehicles. Options include Hire Purchase, Hire Purchase with a balloon payment, and Lease Purchase, whether you're buying personally, as a sole trader or through a limited company.

Yes. Lenders will usually ask for proof of income such as SA302s, tax year overviews or business bank statements. There's no fixed minimum trading history, so newer businesses can still apply. Lenders look at your overall circumstances, and a deposit can help.

Yes. A limited company can finance vans and other commercial vehicles in the company's name. There's no fixed minimum trading history: lenders look at the company's circumstances alongside the directors' credit history, and may ask a director for a personal guarantee. Newly formed companies may need a larger deposit.

If your business is VAT-registered, you may be able to reclaim the VAT on a commercial vehicle bought on Hire Purchase. How VAT and tax relief work depends on the finance type and your business, so we'd always recommend checking with your accountant before deciding.

It can be possible. Some lenders will consider sole traders and businesses with a poorer credit history, especially where the vehicle is essential to earning an income and there's a deposit. Rates are usually higher, and all finance is subject to the lender's criteria.

Car refinancing means replacing your existing finance with a new agreement, usually with a different lender. The new lender settles your current agreement, and you start making payments to them instead. People typically refinance to lower their monthly payments, pay off a PCP balloon payment, or switch to a better-suited agreement.

Yes, and it's one of the most common reasons people refinance. If you want to keep your car at the end of a PCP but can't pay the balloon in one go, a new finance agreement can spread that cost into monthly payments, and the car becomes yours at the end. Speak to Torque →

Not always. Refinancing can lower your monthly payments, but extending the term often means paying more interest overall. We'll show you the monthly payment and the total amount payable side by side, so you can make an informed decision.

It may be possible, depending on your circumstances, your existing agreement and lender criteria. A good record of payments on your current finance can help your application. Checking your options with Torque starts with a soft search.

No. We're unable to arrange lending against a car you already own outright. We can help if you have existing finance on your car, including refinancing a PCP balloon payment at the end of your agreement.

Yes. Torque can help you explore finance on new and used motorhomes and campervans, using Hire Purchase, PCP or Lease Purchase depending on the vehicle and lender. Because motorhomes are often higher value, some lenders offer longer terms than car finance, which can help keep monthly payments manageable.

Terms are often longer than for cars. Through Torque, motorhome finance is available over terms of up to 10 years, depending on the vehicle's age and value and your circumstances. A longer term lowers your monthly payment but increases the total interest you pay.

It depends on the lender and your circumstances, but deposits are often higher than for cars because motorhomes are higher-value purchases. A bigger deposit reduces your borrowing and monthly payments, and can widen the range of lenders available to you. Your current motorhome or car can count as a part-exchange deposit.

It can be possible, but motorhomes are higher-value purchases, so lenders look closely at affordability. A larger deposit or a lower-value vehicle can improve your chances. We'll be upfront about what's realistic before you apply in full.

It depends on the conversion. Professionally converted campervans that are registered as motor caravans are usually easier to finance. Home-built conversions can also be considered on a case-by-case basis, subject to the lender's underwriting.

Yes. Electric cars can be financed on HP, PCP, Conditional Sale or Lease Purchase, just like petrol or diesel cars. Torque can help you explore options for both new and used EVs through our panel of lenders.

It depends how long you'll keep it. PCP can suit EV drivers who want to upgrade as battery technology improves, because you can hand the car back at the end. HP suits people who plan to keep the car long-term and own it outright.

Yes. Used EVs can be financed, subject to the lender's age and mileage criteria. When buying used, ask the dealer for a battery health report, as battery condition affects range and value.

Usually yes, but not always. Some older EVs, including certain early Renault models, were sold with a separately leased battery that comes with its own monthly payments. Always check the battery is owned with the car before you agree to finance.

Not usually. Home chargers are normally bought and installed separately. Some manufacturers and dealers offer charger deals alongside the car, so it's worth asking when you buy.

Yes. Torque can help you explore finance on prestige and performance cars, typically through PCP, HP or Lease Purchase. Lease Purchase and PCP are popular on higher-value cars because deferring part of the cost to a final payment keeps monthly payments lower.

It depends on affordability: lenders look at your income, outgoings and credit history, and the car's value. For higher-value cars, lenders may look more closely at your finances and often expect a larger deposit.

Yes. Through Torque, older, classic, imported and modified performance cars can be considered, subject to the lender's underwriting. The vehicle's age, value and condition will all be taken into account.

It can be harder, as lenders apply stricter affordability checks on higher-value cars. A larger deposit or a lower-priced model can improve your chances. We'll give you an honest view of what's realistic.

Usually, yes, and lenders will require the car to be fully comprehensively insured for the length of the agreement. Get an insurance quote before you commit, as it can make a real difference to your monthly costs.