Aro
The freedom to choose the right car finance for you.

TSB offer a flexible car loan, or you have the choice of other financing options through Aro.

Key benefits for you
  • Aro offer a choice of other car finance such as Personal Contract Purchase and Hire Purchase.
  • Compare car finance from a panel of lenders so you know you’re getting the right deal.
  • There's no impact on your credit score to get a quote and you'll get a quick online decision.
Important Information

If you’re unable to buy a car outright, then a Personal Contract Purchase (PCP) could be right for you. The monthly repayments are lower because you're covering the predicted depreciation plus interest, not the entire cost of the car. At the end of the agreement, there'll still be a large amount owing on the car. You can choose to keep the car (after a final 'balloon' payment), or simply give it back or part exchange it for a new car.

  • Borrow from £10,000 to £35,000.
  • Spread the cost over 3 to 5 years.
  • Hand the car back, or make a final balloon payment to own it.

    • Hire Purchase is essentially when you own the car after the final payment. There's usually an upfront deposit to pay, then you pay for the car in regular monthly instalments, plus interest. The deposit and monthly repayments cover the entire cost of the car. So they tend to be higher, but at the end of the agreement, the car is yours.

  • Borrow from £1,000 to £200,000.
  • Spread the cost over 1 to 6 years.
  • Own your car after the final payment.

    • 18+ and UK resident.

    For both financial options (Personal Contract Purchase and Hire Purchase) they're secured against the value of the car. So if you stop making the repayments you could lose your car.

    Lenders accessible on Aro’s site, interest rates are typically from 6.40% APR to 49.90 % APR. Aro is a credit broker, not a lender..

    Neither TSB or Aro give you any advice or recommendations about these products - it's up to you to decide whether the product is right for you. You should seek financial advice if you are unsure about what product is best for you.

    TSB won't share any of your personal details with Aro. TSB's Data Privacy Notice.

    If you click through to Aro's website you'll be subject to their Privacy Policy

    Table of Information

    Car finance feature comparison

    Feature Hire Purchase Personal Contract Purchase TSB Car Loan
    Requires initial deposit Usually requires a deposit Usually requires a deposit ✘
    You own the car outright ✘ ✘ ✓
    Car is yours at the end of the agreement ✓ ✘ ✓
    Fixed monthly payments ✓ ✓ ✓
    Optional Balloon (final) payment ✘ ✓ ✘
    Excess mileage charges ✘ ✓ ✘
    Secured against an asset (Car) ✓ ✓ ✘

    TSB acts an introducer for the motor finance products (HP and PCP) of Aro. TSB will earn commission if you secure lending through Aro.

    Go to Aro