Carmoola - Used Car Finance

Carmoola

About this app

Carmoola, get your car finance sorted upfront 🚙💪


In just a few taps, get a budget for your new wheels, walk into the dealership, and buy your dream car. Manage everything in one place, the Carmoola app 🥳


Why Carmoola?
- Find out how much cash you can splash in just 60 seconds
- Choose a car from reputable dealerships and online marketplace, and we’ll help you name it
- Spread the cost with a payment plan that suits you
- Need answers quickly? Carmoola’s UK-based support team is available every day from 8am til 8pm via phone, email, SMS or WhatsApp!




How does it work?
- Answer a few quick questions to find out how much you can spend
- Verify your ID with your full driving licence and a quick selfie
- Tell us about your new wheels and we’ll run a free history check for you
- Pay with your Carmoola card or send a Bank Transfer to the dealership in minutes
- Set up and manage your monthly finance payments in the app


And that’s it! Time to organise the road trip.


See if you can save money
Got finance already? Did you know, you might be able to switch your current finance over to Carmoola and save money.


Representative 14.9% APR.


Carmoola is a car finance lender, not a broker, offering Hire Purchase (HP) and Personal Contract Purchase (PCP) car finance, allowing you to buy your car now and repay your loan monthly.


Hire Purchase (HP)
- Budgets from £2,000 to £40,000
- Borrow over 1 to 5 years
- Buy a used car, or refinance your existing loan and save money
- No mileage restrictions
- Own the car once you’ve repaid your loan


Personal Contract Purchase (PCP)
- Budgets from £4,000 to £55,000
- Borrow over 1 to 4 years
- Buy a used car (refinance not available)
- Annual mileage restrictions
- Pay the optional balloon payment at the end if you want to keep the car


Download the app today and start your application to see if you’re eligible for HP, PCP, or both!


Pay with Google Pay
Add your Carmoola card to your Google Wallet, and pay with your Smartphone or Watch at the dealership!


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Finance is subject to status and is only available to mainland UK residents aged 18 and over. Failure to keep up your repayments may result in your car being repossessed and your credit rating being negatively impacted, and may prevent you from accessing other financial products in the future. Any finance you may be offered by Carmoola will be based on your individual circumstances, affordability and credit profile.




You can find our T&Cs here https://www.carmoola.co.uk/terms-conditions.

Ratings and reviews

I must say I was a bit apprehensive as I had not used this company before but so far the best, fastest and smoothest process for me. Even the car dealership were impressed with the app in terms of how intuitive it was. I've used a lot of finance companies in my time and this is by far the best.. I was in control all the time, every step was explained to me and I could also go back and edit the amount, deposits and terms of payment. Thanks Carmoola.

Amazing, quick, easy to follow instructions. The dealership on the other end are geared to the process. it too me literally, less than an hour to complete my application, find and purchase a car. incredible, I couldn't recommend a better partner to buy your next car. PS: Thank you for making my dream of owning a Jaguar come true and with such ease... Best regards, Mathew.

I was recommended this company via clearscore, the pre approved me at a lower interest rate, then when I downloaded their app it quoted a higher rate. the app is easy to use and the car search function is good. everything was working fine until I went to pay for a car, I put in the bank details and then it declined the application. be careful if you have a less than perfect credit score, because once you put your bank details in they do a hard search, at no point does it tell you that.

What’s new

In this version, we've given the app a proper makeover! With clearer steps during your application, more info for those of you who need it, and much better guidance about exactly when to go to the dealership. We hope you love it 😊