Buying a desirable car often leads the buyer to the question - what is the most profitable way to do it? A person does not always have the money to buy a new car. Applying to financial institutions for a loan can be problematic, as banks often have very strict requirements for customers. We've got the perfect solution to obtain car finance just for you: black box car finance, also known as pay as you go car finance.

With black box car finance, you have the flexibility to make affordable payments while enjoying the perks of driving your desired car. No need to worry about your poor credit history or rating either – we've got options available even if it's not perfect. It's the ideal way to get behind the wheel without breaking the bank.

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Must be between £3,000 to £50,000
Must be between £100 to £10,000 and difference between borrow and deposit must be £5,000

These estimates are subject to credit checks and may change when you apply for finance. this is for example purposes only

Hire Purchase (HP)
APR 9.9%

60 monthly payments of


Interest rate
9.9% APR
Amount of interest
Total payment
Personal Contract Purchase (PCP)
APR 9.9%

60 monthly payments of


Optional final payment
Interest rate
9.9% APR
Amount of interest
Total payment

Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £7,000 over 5 years with a representative APR of 21.9%, the annual interest rate of 21.9% (Fixed) and a deposit of £0, the amount payable would be £185.33 per month, with a total cost of credit of£4,119.81 and a total amount payable of £11,119.81. We look to find the best rate from our panel of lenders and will offer you the best deal that you're eligible for. We receive a fixed fee commission per finance agreement, or we receive a commission based on a percentage of the total amount of finance taken. This will not affect the interest rate offered or the total amount repayable. Our service is free.

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What is black box car finance?

Pay As You Go car finance (or black box car finance) system implies a long-term lease based on a Hire Purchase (HP) agreement. It requires an initial payment plus scheduled monthly payments. Applications for PAYG car finance are usually much easier and faster to process than loan applications.

The user who bought the vehicle will be the owner in payment of the vehicle's residual value only after the expiry of the contract. Until then, the car credit lessor will be considered the owner.

It is also often referred to as pay as you go (PAYG car finance) or pay as you drive finance by brokers, as it describes how it works.

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How does black box car finance work?

The scheme of black box car financing works like this. Every car bought via pay as you go (PAYG) car finance in the UK is equipped with a black box. This box is a special device that helps keep track of your monthly payments and your car company. The device is installed under the dashboard or in the glove compartment. Once installed, the box connects to the car's internal computer via the EOBD port and communicates with the lending company through GPRS. These boxes don’t track your driving style whatsoever.

Three days before your monthly payment date, the green light on the box will turn red and flash to remind you. After you make the payment, you will receive an activation code. You need to enter it in the box, and for another month, you can forget about the device.

At the end of the financial agreement, the black box is removed, and ownership of the car passes to you, provided all payments have been made.

Can I get black box car finance deal?

Absolutely! Carplus offers flexible car finance options, including black box car finance. Our goal is to help you find a finance package that suits your specific needs and budget. With black box car finance, you can pay for your vehicle on a monthly basis, making it easier to manage your finances. We understand that everyone's situation is unique, and that's why we offer a range of car finance options to help you find the best one for you.

If you're interested in learning more about our black box car finance deal option, go and get a quote! Our team of finance experts will be happy to assist you and answer any questions you may have. Thank you for considering Carplus as your car finance broker.

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Why do lenders use the black box?

The answer is simple - black boxes have been proven to reduce delinquencies by up to 500%. With this system, lenders can have confidence in financing clients who may have previously been considered risky due to bad credit ratings. Boxes allow for adjustable payments tailored to actual driving habits. Car finance with a black box system is good for the customer as well - it improves credit rating because they are paying bills on time each month.

Black box finance with bad credit - improve credit rating today

A black box finance system truly improves your bad credit score. First, with monthly payment reminders, you won't be able to fall behind on payments. Second, by paying your bills on time and covering the same amount each month, you can raise your credit score. It is a win-win situation for both you and the lender because it improves your chances of getting better deals in the future, and it ensures that the lender gets regular payments on time.

Black box car finance with no credit check - Carplus will help you

Discover the freedom of driving with Carplus's no credit check black box car finance is needed! We do a soft credit check that has no impact on your credit score to check acceptances among our panel of lenders. We understand that everyone deserves a chance to own a car, and our simple process ensures just that. Our black box technology encourages responsible driving, and with no credit check, approval is hassle-free. We work with various lenders in the UK to maximize your chances of approval. Apply today, and let Carplus simplify your journey to owning a car!

Choose Carplus for black box car finance!

As a car finance broker, Carplus has four distinct advantages. With us, you can compare car financing deals and look for the best deals because we are an FCA-authorised credit broker. A quote from Carplus will not impact your credit; you can check your offer for free. We have no-deposit car financing and a soft search option. Finally, you can get a car financing decision within minutes - and confidential.

Potential implications of missing a payment

Sometimes you may miss a payment. While it’s important to prioritise these payments, some lenders may offer a grace period that are often up to 30 days. If payments aren’t made within this period, the black box could potentially deactivate your vehicle until the issue is resolved and you’re up to date with your payments. This would only occur when the vehicle is stationary. Failing to keep up with your payments may also results in late charges and potential credit profile impacts.

Caring for Your Mental Health: Addressing Money Worries

We’ve partnered with the UK's leading lenders so we can always do our best to support you. If you’re worried about managing your finances, you’re not alone. Money worries can have an impact on mental health which can lead to anxiety and depression. We’re also here to help. Please do not hesitate to contact us on 0203 389 7779. Below are specialist resources to help with a wide range of issues, as well as help for all kinds of money-related problems.

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Let us answer the most common questions about pay as you go finance.

Is pay as you go car finance and black box car finance the same thing?

Yes, pay as you go car finance deal and black box finance refer to the same type of car financing agreement.

The terms "pay as you go" and "black box" are used interchangeably by lenders and brokers when referring to this type of car finance that bases payments on actual vehicle usage. While the names differ slightly, they ultimately describe the same flexible car financing agreement tied to a monitored black box.

Is it worth getting a black box?

Suppose you want to improve your bad credit rating or don't have the full amount right now to buy a car in a single payment: yes. The black box system will help you own car and raise your credit bad credit score simultaneously in just a few months.

Can you remove your black box?

The lending company can only remove the black box after the full value of the car has been paid. You cannot remove the black box yourself.

How long does a black box stay in your car?

The black box is in the car the whole time you pay for the vehicle. As soon as the full amount is paid and the contractual obligations are fulfilled, the black box is removed, and you completely take over the car.

What happens if I don’t make a car finance payment on time?

If you are unable to make a payment for some reason, or if you are in arrears, the black box will not allow you to start your car. If you have difficulty making a payment, always keep the company informed, so they can set up a suitable payment plan if necessary.

Does a black box in your car guarantee car finance?

The black box itself does not guarantee anything. If you make your monthly payments on time, there is no threat to the car's financing. But if you miscalculate the payments, the financing may run out.

How are black boxes fitted in a car?

The professional installation of a black box can be done with the help of a specialist and is completely free of charge. They ensure your system is working well and are fully trained to make sure everything is running smoothly. Once you’ve paid off your finance agreement, they’ll remove the black box from your car.

Where does the black box go in a car?

The black box is typically fitted in the dashboard or glove box of a vehicle. Ensuring your full payment is made on time each month means the device will work continuously and you will not even notice it is there. If you don't pay your fine, we will contact you before immobilising your vehicle.

What happens if I fail to make a car finance payments on time?

If you don't pay your GPRS bill after the grace period, your vehicle will be deactivated. If this happens, you may also have trouble using your vehicle. If we still haven't spoken with you after our final reminder, we won't issue an activation code until we hear back from you.