An app-based direct lender for used car finance, built around a fully digital application and the ability to change your mind on the car after the loan starts.
Carmoola is a UK fintech lender offering car finance entirely through its app: you get an approval decision and a spending limit before you shop, then buy from any dealer or private seller within that budget. It positions itself around speed, transparency on total cost, and flexibility to swap the financed car during the agreement.
Buyers who want a fast, fully digital application and prefer to know their budget before they start viewing cars, rather than getting a rate quoted against a specific vehicle first.
| Minimum age | 18 |
| UK residency required | Yes, UK resident, minimum 3 years UK address history typically preferred |
| Minimum income | Generally £10,000+ per year |
| Self-employed accepted | Considered case-by-case with supporting income evidence |
| Credit check type | Soft search for the initial budget, hard search on full application |
Sample reviews shown for design purposes — replace with verified, sourced customer feedback before this page goes live.
Compared several offers in minutes and picked the one with the lowest monthly payment. Really straightforward.
Good range of options for my situation as a sole trader. Would use again.
