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How My Car Credit Works

A simple online process, with a rate that's tailored to you.

Red Fiat 500 car purchased using online car finance

Want to apply for car finance and wondering how car finance works? My Car Credit takes you through the simple process of applying for car finance online.

Our car finance application process is one of the simplest around, and our customers tell us we make the car buying journey fast, stress-free and enjoyable. 

Importantly, we give you an accurate online decision, including your exact rate and monthly payments, based on your details and credit profile – when you apply with us, the rate you see is the rate you get

We can help you find the perfect car using our network of trusted dealers. Alternatively, you’re welcome to find your own car and we’ll check out the dealer for you. Whichever way you go, you can have peace of mind that we’ll look for a great finance deal for your circumstances from our large panel of lenders.

From 6.9% APR. Representative APR 14.9%.

Customer using ipad to apply for car finance online


Complete an application, get a real rate, without impacting your credit score.

Our simple online form takes just minutes to complete, and we’ll give you an instant, online decision in principle. Where we give you a rate, this is an exact rate of finance based on the information you’ve provided. We only do an initial soft search so you don’t need to worry about your credit file whilst you weigh up your options. 

Car finance specialist sat in front of his computer helping customer with online application


Catch up with your personal Car Credit Specialist.

You’ll be assigned a Car Credit Specialist, who will get in contact to answer any questions, and will be on hand every step of the way. Our advisers are friendly and experienced and we get tons of fantastic feedback from customers about them!

Symbols for email and communication with car loan company UK
Cars lined up at reputable dealer showroom available on car finance


Choose a car from any reputable dealer.

This is the exciting bit! Now you know how much you can borrow, you’re ready to go car shopping. Your Car Credit Specialist can guide you through finding the perfect car from one of our trusted dealers, or give us details of the car you’ve found and we’ll check that your dealer is top notch.

Sat nav symbol showing location of reputable car dealer
Blue VW Polo bought with car finance through my car credit


Say hello to your new car!

We do all the legwork with the lender and the dealer, without it costing you a penny. Once you’ve signed your documents from the comfort of your home, the funds are transferred the next working day and you’re good to collect your car!
Love heart symbols for new car bought with car loan
Illustration of evolution funding car finance technology

How we're different...

We’re part of the UK’s largest motor finance broker, Evolution Funding, who have been at the forefront of motor finance technology for years.

We have access to the largest panel of car finance lenders out of any broker, and we’ve developed special technology which matches you with the best product and lender for your circumstances.

This means that we’re more likely to get you an acceptance, at a rate that you’re happy with. This is completely unique to Evolution Funding, and is something we’re very proud of!

Yellow evolution funding logo and colourful my car credit logo
My Credit Rating


  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed


  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs


  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit


  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past


  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan

X monthly repayments of

Typical rate

Loan amount

Total payable




*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 14.9%, annual interest rate (fixed) 14.85%, 47 monthly payments of £204.69 followed by 1 payment of £214.69 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,335.12, total amount payable is £9,835.12.

My Car Credit is a credit broker and not a lender.