MyMotoNovo is MotoNovo Finance’s customer platform, and it gives drivers a simple way to manage their motor finance agreement. The platform sits within MotoNovo Finance, which itself is part of the wider Aldermore Group. This structure places MyMotoNovo under well-established financial institutions with long experience in UK lending.
MotoNovo Finance has specialised in UK motor finance for over 40 years. The business began as a division of Julian Hodge Bank Ltd and was later acquired by FirstRand Bank Ltd in July 2006. It has operated in the UK market ever since, becoming one of the largest lenders in the used car finance market.
Once you take out a Hire Purchase or Personal Contract Purchase agreement with MotoNovo, you gain access to MyMotoNovo. The platform lets you view key information such as your agreement details, payment history, and settlement figure. This helps you understand how your finance behaves over time without navigating confusing paperwork.
MyMotoNovo also forms part of MotoNovo’s fully digital process, supported by OneSpan Agreement Automation. It means important steps—from signing your agreement to managing it later—can happen online in a straightforward way.
Why we partner with MyMotoNovo Finance
Carplus partners with MotoNovo Finance because the company serves a broad range of retail customers seeking reliable HP and PCP options. This alignment supports our goal: helping clients secure fair, transparent car finance that suits their needs.
MotoNovo also uses MotoRate, its risk-based pricing model. This model assigns rates according to each customer’s profile. And because the platform avoids dealer-set interest rates, it reduces unnecessary mark-ups and keeps pricing consistent. Our clients benefit from this certainty, especially those comparing offers across lenders.
Meanwhile, MyMotoNovo gives our customers an easy way to understand how their agreement behaves month by month. This clarity reduces anxiety for people who are new to finance and want predictable information in real time.
Regulation and responsibility
MotoNovo Finance is authorised and regulated by the Financial Conduct Authority. This framework protects you by ensuring the lender follows strict rules around pricing, communication, and data security.
The FCA has also banned discretionary commission models, which once allowed dealers to increase interest rates for higher commission. Because MotoNovo now relies on transparent structures such as risk-based pricing and flat-fee commission models, our clients avoid the risks associated with older practices.
MyMotoNovo supports this regulatory framework by giving customers clear information about their agreement. And this transparency aligns perfectly with Carplus’ responsibility to offer fair, well-explained car finance.
What MyMotoNovo offers for our clients
MyMotoNovo offers practical tools that support everyday management of HP or PCP agreements. You can check your remaining balance, view the full payment schedule, and request a settlement figure whenever you need it. These tools help you plan ahead and avoid surprises.
The platform also interacts smoothly with MotoNovo’s wider digital agreement journey, allowing clients to review documents, confirm details, and stay informed throughout the term.
And because MotoNovo distributes its finance through a nationwide network of trusted dealerships, the experience remains consistent whether you apply online or through one of their partner dealers. MyMotoNovo then takes over as the central hub once the agreement begins, keeping everything in one place.
Why MyMotoNovo Finance stands out for Carplus clients
MyMotoNovo stands out because it simplifies the parts of car finance that usually feel complicated. It gives clear control over the agreement, strong regulatory backing, and support from an experienced lender connected to Aldermore Group and FirstRand Group.
But the real strength lies in how the platform ties every detail back to your HP or PCP agreement. Each tool directly supports your ability to manage payments, check affordability, and understand your finance journey from start to finish.
For Carplus clients, this combination of transparency, strong governance, and intuitive digital tools results in a confident finance experience. And when you understand your agreement clearly, you make better decisions throughout your ownership journey.
