New Car Finance

What’s your monthly budget?

Rates from 9.9% APR. Representative APR 13.9%. We are a credit broker, not a lender.

Representative example: Borrowing £7,500 over 60 months with a representative APR of 13.9%, flat rate of 7.25% and deposit of £0.00, the amount payable is £170.98 per month, with a total cost of £2758.68 and a total amount payable of £10,258.80.

The affordable way to drive a new car

If you like the idea of getting behind the wheel of a brand-new car on an affordable monthly rate – plus the ability to switch to a new model every few years – our new car finance deals are for you.

Can you get a new car on finance?

To say finance is a popular method of funding a new car would be an understatement. Over 90% of new cars sold today are financed. The reason for this is simple: new cars cost an awful lot to buy up front, and financing one takes the sting out of that cost – breaking it down into manageable monthly payments over the course of a few years instead.

Indeed, without car finance, most people wouldn’t be able to get a new car. At Hippo, we pride ourselves on helping people find affordable new car deals on a complete range of cars and finance products – and we’d love to help you out, too.

The benefits of new car finance

There’s a lot to like about financing a new car:

You can drive a new car on a budget and avoid the upfront cost of buying, gaining access to the latest models, designs, tech and features on a manageable monthly rate.

Flexible finance options mean you can pick the deal length, deposit amount and finance type to suit you.

Short-term deals give you the option to get a new car every few years.

All new cars come with their full manufacturer’s warranty and don’t need an MOT for three years, meaning lower maintenance costs.

We offer free nationwide delivery on all new car deals.

We offer no-deposit options across our full new car range.

How does financing a new car work?

Whatever you’re looking for, we aim to deliver the car finance you need in the most straightforward way possible. Our process is pretty simple:

Pick from thousands of new models across a massive range of brands. Can’t see what you’re looking for? Give us a call and we’ll find it for you.

Decide whether you’d prefer the flexibility of PCP, the ownership focus of HP or to explore alternative routes like conditional sale or taking on a personal loan.

Decide on the deposit amount, contract length and mileage allowance (if relevant) that suits you best.

Spread the cost of your new car in a way that fits your budget.

When you get to the end of your agreement, your options will depend on the type of finance you’ve chosen – but this is something you can decide on when first choosing your deal.

Types of new car finance

You can get a new car on whatever type of finance you like, including:

Personal contract purchase (PCP)

Hire purchase (HP)

Similar to PCP but structured to take ownership of the vehicle (rather than have the option to) at the end of the deal.
Choose a contract length and upfront deposit amount.
Fixed monthly payments for the duration of the deal.
Own the car at the end of the deal with no large balloon payment to pay like with PCP.

Conditional sale (CS)

Very similar to hire purchase, but with no additional fees or admin requirements to own the vehicle.
Choose a contract length and upfront deposit amount.
Fixed monthly payments for the duration of the deal.
Ownership of the vehicle is transferred upon the final monthly payment.

Personal loan

Very similar to hire purchase, but with no additional fees or admin requirements to own the vehicle.
Choose a contract length and upfront deposit amount.
Fixed monthly payments for the duration of the deal.
Ownership of the vehicle is transferred upon the final monthly payment.

If you’re not sure what option might work best for you, speak to a member of our team.

Can I get finance on a new car with bad credit?

Yes, it’s possible to get a new car on finance even if you’ve struggled with financial difficulties in the past. As bad credit and no-deposit experts, we help thousands of customers with poor credit find accessible finance on the car they want each year – including those who’ve been refused car finance in the past or are struggling with negative equity.

One thing to consider is that new car finance tends to be harder to get approved for than used, so if you’re struggling to find a new car deal, we’d encourage you to look at one of our excellent used car finance options instead.

If you’re worried about bad credit affecting your chances of approval, try our quick and easy eligibility checker to see if you’re likely to be approved for the car finance you’re looking for. It takes two minutes to complete, and applying won’t affect your credit score.*

Why choose Hippo for new car finance?

We’re all about making finding new car finance easy. Here’s what we can offer you:

We work with a specialist panel of lenders to boost your chances of approval on the car you want.

Don’t want to put down anything upfront? We offer no-deposit options on all new models.

You can complete our two-minute soft credit check today to see if you’re likely to be approved for finance with us, without affecting your credit score.*

City car, hatchback, SUV, saloon, MPV or performance car – whatever you’re looking for, we do it all. And if you can’t find what you’re after, we can source just about any car you want.

Get step-by-step guidance from a dedicated account manager.

Available on all new car orders.

That’s why we’re rated “excellent” on Trustpilot.

Get a new car without breaking the bank

No big upfront costs. Simple finance plans. Terms that suit you. The affordable route to driving and owning a brand-new car is right here.

To get started, use our no-impact eligibility checker to find out if you’re likely to be approved for finance with one or more of our lenders.

New car finance FAQs

Do I need a deposit for new car finance?

Not always. We offer zero-deposit options across our full new car finance range. However, it’s worth remembering that putting money down up front will help lower your monthly payments.

Is it cheaper to finance a new car or a used car?

New cars typically come with higher monthly payment terms than used ones because of their higher value. However, they also benefit from having their full manufacturer’s warranty, costing less to maintain and, of course, being a brand new car with all the latest features.

What's included with a new car on finance?

All new cars in our range come with:

Full manufacturer warranty.
Road tax for at least the first year.
Breakdown cover for at least the first year.
No MOT required for the first three years.
Free nationwide delivery.

What's not included with a new car on finance?

The things you’ll need to cover yourself are:

Insurance.
Fuel.
Servicing and maintenance – although you can add maintenance cover to your deal to avoid any costs here.

What's the best type of finance for a new car?

It all depends on your circumstances – primarily your budget and what you want to do with the car at the end of the deal. PCP is popular for new vehicles because it offers lower monthly payments and flexibility at the end of the term, while hire purchase or conditional sale may suit you better if you want to own the car outright.

How long can I finance a new car for?

Typical new car finance agreements last between 24 and 48 months, though some lenders offer shorter or longer deals – it all depends on their terms.

Can I part-exchange my current car towards a new car finance deal?

Yes, part exchanging can help you reduce the deposit or monthly payments on a new car finance agreement.