Go paper-free
Amend paper-free preferences for your statements and correspondence.
Car refinance
Refinancing your car with Bank of Scotland could help you lower your monthly repayments or spread the cost of a final lump sum.
What is car refinancing?
Car refinancing is the process of taking out a new finance agreement to pay off the outstanding balance on an existing car finance agreement, usually with a new lender.
Why refinance your car with Bank of Scotland?
Bank of Scotland customers can switch their current HP or PCP car finance from elsewhere to us by getting an online quote that won’t affect your credit score.
Get a quote for car refinance
You can apply if you’re 18 or older, a UK resident and have had a current account with us for at least three months.
We are unable to refinance existing Bank of Scotland, Lloyds or Halifax car finance customers. You will need to know how much is outstanding from your current lender.
When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day.
Lending is subject to status and additional affordability checks.
HP Representative example:
You could borrow £13,000 over 48 months with 48 monthly repayments of £303.80. Total amount repayable will be £14,592.40 (including £10 purchase fee). Representative 5.9% APR, annual interest rate (fixed) 5.71%. Other amounts and terms are available at different rates.
The representative APR applies to loans of £7,000- £25,000 over 1 to 5 years. Other terms and lending amounts are available at different rates.
This example shows you the rate you could get as a current account customer taking out our HP product. For a personalised quote based on your own circumstances, you’ll need to login to Internet Banking.