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Close Brothers Motor Finance: Trusted But Indirect
Reliable UK car finance with dealer-dependent rates.
The Quick Version
Close Brothers Motor Finance offers competitive rates starting at 5.9% APR for car loans, but you can only access them through dealerships or brokers. Their broad network makes them appealing, but you're at the mercy of dealer margins. Same-day approval is a plus, but rates vary significantly.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
Close Brothers Motor Finance
Close Brothers offers car finance through a wide dealer network.
The Numbers
Close Brothers provides loans ranging from £4,000 to £100,000 with terms between 12 to 60 months. The APR ranges from 5.9% to 24.9%, depending on dealer margins. They promise same-day decisions, which is faster than many competitors, according to their official page.
What's Actually Good
The long history of over 150 years gives Close Brothers a trust factor you won't find with newer lenders. Their extensive dealer network means both new and used car options are plentiful. The ability to settle your finance early without a penalty is another advantage for those who might come into some extra cash.
The Catch
You're bound to work through intermediaries, which adds a layer of complexity and potential cost. Rates depend heavily on dealer margins, so transparency can be an issue. Also, if you're looking for a direct-to-consumer lender, this isn't the one for you.
Who Benefits Most
If you're a UK resident over 18 with a regular income, looking for a loan between £4,000 and £100,000, Close Brothers could be a good fit. However, it's best suited for those who prefer dealing with a well-established lender and are comfortable with dealer negotiations. If you need a direct-to-consumer option, look elsewhere.
The Bottom Line
Close Brothers Motor Finance offers solid car financing if you're happy to navigate dealer margins. It's a reliable choice for those who value a wide network and speedy approval, but not ideal for those seeking direct loans. For more insights into smart choices this year, check out our guide on Smart Car Finance Choices for 2026.
