MotoNovo Finance
MotoNovo Finance is a prominent UK motor finance lender offering HP and PCP products through over 4,000 dealer partners.
Last checked on July 23, 2026. We may earn a commission when you click through.
MotoNovo Finance
Updated 2 months agoAPR Range
5.9–24.9%
Amount
£4k–£75k
Term
12–60 months
Type
car_finance
You'll be redirected to motonovo.co.uk
Our Verdict
MotoNovo Finance is a solid choice for those looking for flexible car finance options with quick approvals.
Best For
Best for individuals seeking a reliable motor finance lender with a wide dealer network and competitive rates.
Watch Out
Watch out for the higher APR rates, which can reach up to 24.9%, potentially making repayments steep.
Pros
- Wide dealer network of over 4,000 partners
- quick approval decisions
- Flexible loan amounts from £4,000 to £75,000
Cons
- High APR rates up to 24.9%
- Customer service can be slow
- Limited options for those with poor credit
Full Review
With APR rates ranging from 5.9% to 24.9%, MotoNovo Finance offers a diverse range of financing options for car buyers. Borrowers can access amounts between £4,000 and £75,000, making it suitable for various budgets.
The company prides itself on a fast decision approval process, which can be a significant advantage for those needing quick access to funds. However, some customers have reported challenges with customer service responsiveness, which can be a concern during the financing process.
While MotoNovo's extensive 4,000 dealer partner network is commendable, it's essential to compare their offerings with competitors like Zuto or Carfinance247, which may provide more tailored solutions or better APR rates for certain profiles. For instance, Zuto often has a lower starting APR, appealing to those with good credit histories.
In summary, MotoNovo Finance is a reliable option for many, but prospective borrowers should carefully evaluate the total cost of borrowing, especially at the higher end of their APR spectrum. For more details, visit their official site.
Who Is This For?
This service is suitable for UK residents aged 18 and over, particularly those looking for flexible financing options.
What Borrowers Say
Users appreciate the quick approval process but express concerns about customer service quality.
Summary
MotoNovo Finance offers flexible car financing options with quick approvals but be cautious of potentially high APR rates.
About This Loan
Requirements
- UK resident
- Aged 18+
- Valid driving licence
Similar options
Admiral Personal Loan
PersonalAPR
7.9–45.9%
Amount
£1k–£25k
Term
12–60mo
Best for: Individuals with a steady income looking for a personal loan between £1,000 and £40,000.
Asda Money Personal Loans
PersonalAPR
6.9–19.9%
Amount
£500–£25k
Term
12–60mo
Best for: These loans are best for existing Asda Money customers looking for preferential rates and those with a good credit score seeking amounts between £1,000 and £25,000.
CarFinance 247
AutoAPR
8.9–47.0%
Amount
£1k–£50k
Term
12–60mo
Best for: This service is best for those who need fast financing for a vehicle and have a clear repayment plan.
Starling Bank Personal Loan
PersonalAPR
8.9–24.9%
Amount
£500–£5k
Term
3–36mo
Best for: Existing Starling current account holders with good credit scores seeking small personal loans.
Oodle Car Finance
AutoAPR
7.9–29.9%
Amount
£3k–£50k
Term
24–60mo
Best for: This service is ideal for UK residents seeking flexible payment options on used cars, especially those who prefer a soft credit check.
Ocean Finance Personal Loan
PersonalAPR
24.9–69.9%
Amount
£1k–£5k
Term
12–60mo
Best for: This loan is best for individuals seeking quick access to funds, especially those with lower credit scores.