Lender guide
Close Brothers Car Finance: How It Works, Rates & Alternatives
Independent explainer — we don't sell Close Brothers finance, take no commission and route only to our own free calculators.
Close Brothers Motor Finance is a UK direct lender that funds car finance arranged through dealers, mainly on used cars. It lends its own money and is authorised and regulated by the FCA. Work out the true cost of any Close Brothers-style deal on our free car finance calculator.
This page explains, independently, how a Close Brothers agreement tends to work, the products on offer and how it compares.
Who is Close Brothers Motor Finance?
Close Brothers is a direct lender, not a broker — it provides the funds itself, usually for cars bought through a partner dealer.
Because Close Brothers lends its own money, the agreement is between you and Close Brothers. It must be FCA-authorised and run an affordability check before lending.
What products does Close Brothers offer?
Close Brothers typically provides Hire Purchase (HP) and PCP through dealers, on used and newer cars.
- Hire Purchase (HP): own the car after the final payment — see the HP calculator.
- PCP: a lower monthly with an optional final balloon — see the PCP calculator.
- Dealer-arranged: agreements are usually set up where you buy the car.
What rates and eligibility does Close Brothers look at?
Your Close Brothers rate depends on your credit profile and the car, not a fixed advertised figure — the APR is set after a credit and affordability check.
Rather than rely on a headline rate, turn any quote into its real cost with our APR calculator, which shows the total interest in pounds. A stronger credit file and a bigger deposit generally cut the rate and the total interest.
How Close Brothers compares — your alternatives
Close Brothers is one of several dealer-finance lenders; the cheapest option is whichever has the lowest APR over the shortest term you can afford.
Compare on the total amount payable, not the monthly. Check the figures on the main calculator before you decide.
| Option | Own the car? | Typical use | Compare on |
|---|---|---|---|
| HP (Close Brothers-style) | Yes, at the end | Used and newer cars | HP calculator |
| PCP | Optional (balloon) | Lower monthly | PCP calculator |
| Personal loan | From day one | Buying from any seller | Loan calculator |
Work out the true cost before you commit
Whatever a Close Brothers agreement quotes, you can check the real cost yourself for free.
Run the numbers on the car finance calculator, compare deals on the APR calculator, or model the deal type with our HP or PCP calculator.
If your existing Close Brothers agreement may have carried hidden commission, read whether it could have been mis-sold and estimate any redress — free, with no claims firm taking a cut.
Frequently asked
Is Close Brothers a lender or a broker?
What car finance does Close Brothers offer?
What rate will Close Brothers charge?
Is this a Close Brothers application page?
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