Pay as You Go Car Finance UK

Pay as you go car finance is a hire purchase agreement which means that you hire the car until you make all your monthly repayments including final payment and pay the option to purchase fee, after which you will own the car outright.

The pay as you go system is a payment system tailored to those who may have had poor credit history, CCJ’s, or who struggle obtaining finance as it does not allow the user to forget or neglect making a payment. The pay as you go system makes sure that you remember your payment whilst allowing you to get the car you want.

The pay as you go car finance system is also known as a payment reminder system. Once you have chosen your vehicle from a reputable motor dealer who is regulated by the FCA, and all the necessary finance documentation has been completed, the finance company will arrange for a Black Box Finance device to be fitted to your motor vehicle.

The system works by the finance company sending you a nine-digit code that you will need to enter manually into the device within forty-eight hours otherwise the code will expire. The device does not affect the smooth running of your car, nor does it monitor your driving style. A fully qualified specialist team fits all the devices. The system emits a series of beeps on starting the engine. The number of beeps is a reminder of when your next payment is due. Once your payment is due the device will emit a loud and continuous warning sound.

You can make a payment over the phone using a credit or debit card. Ideally you will have already made the payment by Direct Debit in which case you will have already received your code. Should you be unable to make a repayment or find yourself in arrears the finance company will normally investigate ways of arranging a payment plan with you, for example they will take the full contractual payment and split it over 3 months. Should you fail to make a payment, the vehicle will be rendered out of use. Always keep the finance company informed, they will discuss with you when you can make the payment and arrange a suitable payment plan. Late charges may be applied in these circumstances. For more information or instructions, please see;

New Look Loans specialises in helping to arrange pay as you go car finance for those who may have a poor credit history or may struggle in obtaining finance. We will do our utmost to find a finance agreement, tailored to your needs, which allows you to get the vehicle you want. Simply fill in the application form online or telephone us for more information about this product. A more comprehensive explanation of a ‘Hire Purchase’ agreement is available on our Hire Purchase page.

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Finance Calculator

Our car finance calculator is a great estimation tool to see what you could afford to borrow. Simply use the sliders to see an example of what your monthly payments could be. Rates will differ based on your credit rating. Amounts proposed are an estimate, credit is subject to status and is not guaranteed.

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Our online finance application form is quick & easy to complete. You can rest assured that we will make every possible effort to help you obtain the car credit you deserve. We will treat your car finance application in the strictest confidence and maintain your privacy at all times.

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Why Choose Us?

All Credit Histories

We specialise in all credit histories including those who have previously struggled gaining credit or may have a poor credit history. If you are looking to buy a new or used car and you have a bad credit car finance rating, apply online using our easy to complete car finance application form.

Choose Any Vehicle

You can choose to deal with any reputable motor dealer in your local area or we can recommend a reputable motor dealer to you from our approved dealer network. Then simply leave it to us to find you a fantastic finance option with affordable monthly repayments, tailored to your circumstances!

Finance For You

We tailor credit for all of our customers based upon their circumstances. Our skilled staff try to source the best finance option for you, first time, and are there to support you throughout your finance agreement. Rest assured we will make every possible effort to help you obtain the car credit you deserve.

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