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Carmoola offers fast, flexible, and fully online car finance solutions, helping you get your dream car budget in minutes with options like HP and PCP.
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Carmoola is a pioneering UK-based fintech company established in 2021, dedicated to transforming the car finance landscape. Headquartered in London, Carmoola offers a fully digital platform that simplifies the process of securing car loans. Their mission is to provide a fast, transparent, and flexible way for individuals to finance their next vehicle, whether buying from a dealership or online. By leveraging technology, Carmoola empowers customers with instant decisions and a clear understanding of their finance options.
Understanding car finance can be complex, but Carmoola breaks it down into straightforward choices:
A popular choice for those who wish to own their car outright. With a Carmoola HP agreement, you make fixed monthly payments over an agreed term. Once all payments are completed, including an optional final payment, the car is legally yours. This option is ideal for drivers who want long-term ownership without a large upfront cost.
Offering greater flexibility, a Carmoola PCP agreement allows you to drive a newer car with lower monthly payments compared to HP. At the end of the contract, you have three options: return the car, pay a final "balloon payment" to own it, or use any equity towards a deposit on a new car. This is perfect for those who like to change their car regularly.
If you already have a car finance agreement, Carmoola can help you refinance. This involves taking out a new loan to pay off your existing one, potentially securing a lower interest rate, reducing monthly payments, or shortening your loan term. It's a smart way to review and optimise your current financial commitments.
Choosing Carmoola means benefiting from an unparalleled level of convenience. Their 100% online application process means you can apply, get approved, and receive your car budget in minutes, ready to use with a virtual card. This eliminates waiting times and allows for immediate car shopping. Carmoola also provides helpful online calculators to estimate your interest, monthly payments, and early settlement figures, ensuring you're always informed. Plus, their friendly UK-based customer support team is available every day from 8am to 9pm to guide you through every step of your car finance journey.
Carmoola was founded in 2021 and is headquartered in United Kingdom, with Online locations.
<p>UK delivery available.</p>
Returns Policy
As a car finance provider, Carmoola does not have a traditional returns policy for physical goods. However, customers can explore options for early settlement of their finance agreements using Carmoola's early settlement calculator, or discuss refinancing options to switch lenders.
Founded
2021
Headquarters
United Kingdom
Number of Stores
Online
Carmoola offers Hire Purchase (HP) and Personal Contract Purchase (PCP) agreements. HP allows you to own the car outright after spreading the cost, while PCP offers flexibility to hand back, own, or trade in the car at the end of the agreement.
Yes, Carmoola facilitates car refinance, enabling you to take out a new finance agreement to pay off your existing loan and switch to a new lender.
Our UK-based support team is online every day from 8am to 9pm. You can reach them via phone at 020 3773 3901 or email at hello@carmoola.co.uk.
Yes, Carmoola offers various tools including a calculator to estimate interest and monthly payments, and an early settlement calculator to estimate outstanding amounts on current HP or PCP agreements.
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Be the first to write a review| Standard Delivery | <p>UK delivery available.</p> |
| Free Delivery | Not available |
| Click & Collect | Not available |
| Returns Policy | As a car finance provider, Carmoola does not have a traditional returns policy for physical goods. However, customers can explore options for early settlement of their finance agreements using Carmoola's early settlement calculator, or discuss refinancing options to switch lenders. |
| Student Discount | Not available |
| NHS Discount | Not available |
| Military Discount | Not available |
| International Shipping | Not available |
| Payment Methods | Direct Debit, Bank Transfer |
| Founded | 2021 |
| Headquarters | United Kingdom |
Last updated: June 2026
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Customer Service
020 3773 3901Customer Service Email
hello@carmoola.co.ukCustomer Service Hours
8am - 9pm EVERY day