Are there any extra costs with car finance?

Mia Bowman, Customer Understanding Coordinator, Friday, 04 September 2020
Updated: Monday, 18 September 2023

No, there will be no other charges, other than APR, during the lifetime of your agreement. It’s important to know however, that this is just if you take car finance out with Moneybarn. We can’t speak for other lenders and what their charges are.

If you are found in a situation where we have to terminate your agreement, then some charges may apply. These will be explained to you as part of the contract termination process and can include costs for things such as recovery and repair work if required.

No, there will be no other charges, other than APR, during the lifetime of your agreement. It’s important to know however, that this is just if you take car finance out with Moneybarn. We can’t speak for other lenders and what their charges are.

If you are found in a situation where we have to terminate your agreement, then some charges may apply. These will be explained to you as part of the contract termination process and can include costs for things such as recovery and repair work if required.

 
Mia Bowman, Customer Understanding Coordinator
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Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.

Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573. The registered address is Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.

Moneybarn’s VAT registration number is 180 5559 52.

Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)

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