Oodle Car Finance

Oodle Car Finance offers Hire Purchase for terms of 12 to 60 months_ Find out if you're eligible for car finance with Oodle by using our easy online comparison, powered by Motiv Finance_ Quick, simple form – see your results in just a few minutes

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*Eligibility Service:

The car finance eligibility service is fully provided by Monevo.  The data you supply is directly submitted to Monevo and is used to retrieve personal loan and hire purchase quotes from their panel of lenders. If you select a loan purpose other than for car purchase you will only receive quotes for personal loans. By using their eligibility service you are agreeing to Monevo’s terms and conditions and privacy policy which can be found at Monevo.co.uk

Monevo.co.uk is a registered Trading Name of Monevo Limited which is an Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number: 723672.  Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450.  Monevo Limited is registered in England and Wales (Company number 06511345). Registered office: Glasshouse, Alderley Park, Nether Alderley, Cheshire,SK10 4ZE.  Licensed by the Information Commissioners Office, (Registration number Z1498441).

Last updated on 10 August 2021.

Oodle Car Finance FAQ

Who is Oodle Car Finance?

Oodle Car Finance is a finance provider that started lending in 2016. It offers hire purchase agreements to help people spread the cost of their car purchase over a number of monthly payments.

Originally from Oxford, Oodle Car Finance now has offices in Cardiff, London and Manchester too.

Oodle Car Finance is a trading name of Oodle Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA). The company is also a member of the Finance and Leasing Association (FLA).

» COMPARE: See more car finance deals

What does Oodle Car Finance offer?

Oodle Car Finance offers hire purchase agreements. This is one form of car finance which allows you to pay for the car in monthly instalments. Legally, Oodle Car Finance owns the car while you are making the payments, and then you can choose to become the owner at the end of the agreement after paying a one-off option to purchase fee.

You can borrow between £4,000 and £100,000 for terms of 12 to 60 months.

You can reduce the amount you need to borrow by putting down a deposit, but Oodle Car Finance also offers zero deposit finance.

How does Oodle Car Finance work?

When you apply for Oodle Car Finance, you will need to say how much you want to borrow, what deposit you can put down, and over what length of time you want to make the repayments. Oodle Car Finance will then use this information, along with your credit score, to work out whether to lend to you and, if they approve your application, what interest rate they will charge.

Once the paperwork is signed, you can then use your car and make the monthly payments via direct debit to Oodle.

At the end of the term, you can exchange your vehicle for a new model and finance agreement or pay an option to purchase fee to Oodle to keep and become the legal owner of your car.

Who is eligible for Oodle Car Finance?

UK residents over the age of 18 with a full driver’s licence can apply for Oodle Car Finance. Individuals will need to undergo further identity and credit checks before Oodle decides whether to approve their application.

Does Oodle Car Finance come with any restrictions?

Yes, if you want to buy a car using Oodle Car Finance, you will need to get your vehicle from an approved dealer. You can’t buy a car from a private seller with Oodle.

Cars will also need to meet Oodle’s age and mileage requirements.

As part of Oodle Car Finance’s terms, your car needs to have comprehensive car insurance cover.

Can you modify a car on Oodle Car Finance?

Before making any changes to your vehicle, such as fitting a personalised number plate, you would need to check with Oodle if they are allowed.

Can I part exchange my car on Oodle Car Finance?

If you want to exchange your financed car for a new model and use the value of your current car to offset the cost of the new one, you can do so. You would need to arrange this through a dealer rather than Oodle.

The dealer will assess the value of your existing car, pay off any outstanding finance, and then take the remaining amount away from the cost of the new car. You can then apply for finance for the rest of the value of the car.

For example, if your car is worth £7,000 and you have £5,000 left to pay in finance, you can put £2,000 towards your new car purchase.

Can I sell my car on Oodle Finance?

As you are not the car owner until you’ve made all the payments, if you want to sell your car part-way through the agreement, you would need Oodle’s permission. Oodle would give you a settlement figure to pay to clear your outstanding finance before you can then sell the car.

Can I repay the loan from Oodle Car Finance early?

Yes, if you want to repay the loan in full before the end of the agreed term, you can contact Oodle for a settlement figure. You would then have a set period of time to pay this figure to clear your debt and become the vehicle owner.

What happens if I miss a payment?

If you miss one of your Oodle Car Finance payments, this will likely affect your credit score. Multiple missed payments could result in Oodle repossessing your car.

If you think you will struggle to make a payment, you should contact Oodle as soon as possible to try and arrange an alternative solution such as a reduced payment or a temporary payment break.

Services offered by this provider may change over time. Always check Ts&Cs.

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