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Financing your car with Carzam
How to spread the cost of purchase into monthly payments.
Which lenders do Carzam work with?
We're pleased to offer you access to some of the biggest finance companies in the industry, including Motonovo finance.
If I get approved for finance, what happens next?
Once a lender approves the funding for your car, you'll be required to pay your deposit within 24 hours of your approval. If you miss the deadline to pay the deposit, the vehicle you applied for will automatically become available for sale on our website. After you've paid your deposit, you'll be prompted to sign your finance documents before we deliver your car.
What information is required for finance application?
To get a financing decision from the lenders, we will need the following information during the application to conduct a credit check: Personal details Employment details Address history Bank account details A copy of your photo driver's licence Proof of address (utility bill)
How long does it take for a finance decision?
In most cases, we can give you an instant finance decision. However, in some circumstances it may take longer, depending on additional information required from the lender. Whatever the situation, it's our job to keep you updated on the progress of your application.
I've found a car. How can I apply for finance?
Once you've found the right car then click the 'Buy Now' button on the vehicle details page and follow the simple steps to complete your purchase entirely online. During the process, you can include a part-exchange vehicle and decide the right payment option for you, either a finance package or debit card payment. If you select the finance option then you will be asked to fill out the online application form and submit it. In most cases, we can give you an instant finance decision.
Is it possible to settle my finance early?
If you are accepted for finance then your lender will advise you about your rights to withdraw from your agreement or settle it before the agreed term. They will set out the conditions that apply in these circumstances for you in writing prior to the commencement of your agreement. If you wish to exercise these rights then you should contact your lender who will be able to advise you on your request.
How do I know I'm getting a good finance deal with Carzam?
By working with the biggest lenders we are confident that our rates are very competitive. We endeavour to provide you with all the information so that you can make an informed choice and get the right package for you.
Can I purchase a car on finance?
All vehicles can be purchased on finance subject to your eligibility and acceptance. We partner with some of the largest finance providers in the UK to offer the best available rates and, where applicable, a choice or Hire Purchase or Personal Contract Purchase packages.
What's the difference between Personal Contract Purchase (PCP) and Hire Purchase (HP)?
It's important that you have all the information required to make the right choice for you based on your personal circumstances. To help, we've created a handy guide for you here
When am I expected to make my first monthly payment?
Typically within 28-31 days after the finance agreement is signed. If you want to amend the date, you can contact your lender before making your first payment. We suggest checking your lender's terms and conditions for further clarification.