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Car refinance
Moving your existing car finance to Bank of Scotland could reduce your monthly repayments. Or you could spread the cost of a final lump sum.
Features and benefits
Why you should consider moving your car finance to us. Exclusive to Bank of Scotland current account customers.
2 options
You can refinance either Personal Contract Purchase (PCP) or Hire Purchase (HP) with Bank of Scotland.
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Personal Contract Purchase
- Choose 1 to 4-year terms.
- No early repayment charges.
- Yearly mileage limits.
- We send the money straight to your existing lender.
- Choose how much deposit you pay.
Paying a bigger deposit will lower your monthly repayments.
There are other terms, borrowing amounts and rates.
If you've exceeded the agreed mileage allowance on return of the car, you'll need to pay an excess mileage charge. You can avoid this by choosing a realistic mileage when you apply.
Hire Purchase
- Choose 1 to 5-year terms.
- No early repayment charges or final lump sum.
- We send the money straight to your existing lender.
- Choose how much deposit you pay.
- No mileage limits.
Paying a bigger deposit will lower your monthly repayments.
There are other terms, borrowing amounts and rates.
What is car refinancing?
Watch a short video to learn more about how car refinancing works (2 min 17 secs).
Let's break it down
Get a quote for car refinance
We can't refinance if you’re already a Bank of Scotland, Lloyds or Halifax car finance customer. Your quote is valid for 90 days, with no need to re-apply.
A look at the details
Explore your options
We want to help you explore our other car finance choices. Here are some options that may work well for you.
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Car leasing
Consider leasing a new vehicle without a long-term commitment. Enjoy flexible terms and drive a car that fits your needs.
Car finance calculator
You can use our illustrative calculator to help you understand the monthly cost of our HP and PCP car finance products.
Borrowing options
When borrowing money, you need to make the right choice for you and your circumstances.
