FCAAuthorised & Regulated · No. 943426 · Lending in the United Kingdom and internationally since 2016
Home/ Personal Loans/ Vehicle Finance

Vehicle finance, fairly priced.

Cars, motorbikes, boats, recreational vehicles, classic restorations. From £5,000 to £2.5 million, at our flat 1.5% APR. New, used, or in-progress restoration.

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What our vehicle finance covers

Most vehicle finance products in the UK come with a tangle of small print: balloon payments, mileage caps, condition restrictions, end-of-term fees, and APRs that scale with credit score. Ours does not.

Our vehicle finance is a straightforward unsecured personal loan structured for a vehicle purchase. The vehicle is yours from day one. There are no mileage limits, no condition restrictions, and no balloon payment at the end. You repay the loan; the vehicle is unencumbered.

Who this loan is for

  • Buyers of new cars from a dealer or directly from a manufacturer
  • Buyers of used cars from any source — dealer, private seller, or auction
  • Motorbike enthusiasts purchasing road bikes, sport bikes, or touring motorcycles
  • Boat and yacht buyers — leisure craft, sailing yachts, motor cruisers
  • Classic car collectors funding purchase, restoration, or both
  • Owners of recreational vehicles — motorhomes, caravans, off-road vehicles
  • Drivers wanting to escape leasing or PCP cycles and own their vehicle outright
I'd been on PCP for eight years and never owned the car. ASAF financed the buy-out plus my next car. Same monthly payment, but now I actually own them. — Marcus T. · vehicle finance, £62,000 · Birmingham, UK

How vehicle finance is structured

You apply for the loan amount you need to purchase the vehicle. Once approved, funds are transferred to your nominated account or directly to the seller (your choice). You then complete the purchase as you normally would — the vehicle is registered in your name from day one.

You repay the loan in fixed monthly installments at our flat 1.5% APR. There are no balloon payments, no end-of-term fees, no mileage caps, and no early repayment charges. You can sell the vehicle at any point and clear the loan early without penalty.

For classic restorations, we can structure the facility to cover both purchase and restoration costs, with staged drawdown that matches the restoration timeline. This avoids paying interest upfront on funds you do not yet need.

You own it from day one

No PCP, no lease. The vehicle is yours immediately. No balloon payment, no end-of-term decisions.

No mileage caps

Drive 5,000 miles a year or 50,000. Take it across borders. Our finance does not constrain how you use it.

Sell whenever you choose

Want to upgrade, downsize, or change vehicle? Repay the loan early, no fees. Then come back for the next one.

The process

From application to funded,
in four steps.

Each step has a defined timeline and a real person attached to your file. No black-box scoring, no run-around.

1
Apply

~3 minutes online

2
Review

Manager calls within 24 hours

3
Decision

Up to 5 working days

4
Funded

Same day on completion

Frequently asked

The honest answers,
before you ask.

Yes. We are agnostic about where you buy. Funds can go to your account for you to complete the purchase, or directly to a private seller. We will provide guidance on the documentation that protects you in private sales (V5C transfer, HPI check, etc.).
Yes — this is one of our specialisms. We can structure a facility covering the initial purchase price and the restoration budget, with staged drawdowns aligned to the build timeline. Classic vehicle expertise is part of our underwriting team.
Yes. We finance vehicles purchased internationally and imported to the UK or to another of our 28 supported jurisdictions. Your relationship manager will advise on import duty timing, registration, and any documentation needed for cross-border transactions.
No. Our vehicle finance is unsecured — the vehicle is not registered as collateral against the loan, and is not at risk of seizure if you face repayment difficulties. This is fundamentally different from most UK car finance products. We rely on the borrower's overall affordability assessment, not the vehicle as security.
For sole traders or small business owners using a personal vehicle in business, yes — this product works. For larger commercial vehicle purchases, our Business Asset Finance product is more appropriate, particularly for tax-efficiency and capital allowance treatment.

Begin your vehicle finance application

Cars, bikes, boats, classics, RVs. New or used. Owned from day one. Three minutes online.

Begin your application → Speak to our team