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The new dawn

We're unique and inclusive - the only UK lender providing
competitive affordable loans for everyone.

We don’t see ourselves as just a lender.
Of course we lend money but we also want to
support our customers with awesome service,
treating you as members and rewarding loyalty.

Our goal is simple - to deliver to all car buyers the
most affordable finance solution to purchase the
car of their dreams

Phillip Williams, Co-founder
Oodle - a car finance partner for life


Speed, assessment
and decisions

All Buyers

A solution for everyone,
all circumstances and credit scores


Members not customers,
tangible rewards


We're here to help,
every day in every way with awesome service


Specialist expertise, driving change
continual learning

Team oodle

Team oodle share one common trait, a desire to change and improve how things are done.

We're a team of engineers, computer geeks, finance bores, car enthusiasts and customer service


We see huge inefficiencies in the UK auto lending market. We don't get it, it needs

to change, we're going to change it.

Join the revolution!

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Our FAQ's
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Oodle finance has a range of classifications of credit profiles, each with a different rate. We put our customers into the best rate possible based on their individual credit profile. We embrace technology to create the most cost efficient operational business platform - light years ahead of existing finance providers. We have also added a team of finance gurus to ensure we have the most efficient funding sources available to Oodle Finance. This enables us to provide the best rates possible to our members.
Yes, we have a competitive rate for all our customers credit profiles. By lending to all, we know we can provide all our members with market leading rates, support them over life's journey - earning rewards and continually improving their lending rates and making the car of their dreams more affordable
An annual percentage rate (APR) is the annual rate that is charged for on the total loan amount, expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction.
For the majority of our potential members our automated underwriting will give an answer in seconds. There will always be circumstances where our oodle underwriters may need to review the application. They will be as quick as possible and will normally propose a solution within the hour.
Because we will be automating as much as humanly possible and using technology to ensure we get that data quickly and accurately. Our automated decision is just a manual decision that we have been able to logically program into an ever-learning system.
There is no golden source of data when making credit decisions on individuals, but here at Oodle Finance our motivation is to use a diverse source of data to allow us to ensure we get you the best APR (annual percentage rate) suitable to your credit profile. We will be constantly evolving our underwriting rules and learning what data is good and what is not so good. We will continually be building, measuring and learning from our systems.
We believe our lending criteria is the broadest in the market, capturing the largest slice of all potential customers in the used car market. We lend to customers with established credit records through to customers with developing credit histories (maybe with historic CCJ's). We want to be recognised as a lender to all providing our customers with affordable finance. There may be occasions Oodle Finance can't offer a finance solution....we think these will be rare occasions.
A team of finance experts with all key management having nearly 20 years experience each. Along with the team we have one of the oldest and largest global investors who believes in our vision of rewarding the customer for their business and understanding the finance journey is a long term partnership with the customer and dealer.
Hire purchase (HP) and Personal Contract Purchase (PCP) are the two predominant forms of car finance. A HP is the traditional and simplest form of finance. The cost of the vehicle you are buying is spread over an agreed length of time, between 2 to 5 years and an agreed fixed interest rate is attached to the loan with the loan paid back over equal monthly instalments. A PCP is essentially a HP agreement, however part of the loan is not paid off during the loan term but as a single payment at the end of the loan period. This payment has several names - a residual, balloon or guaranteed future value, but is essentially a lump sum that is owed on the car. None of this residual amount is paid off with your monthly payments and a PCP contract will typically provide lower monthly instalments. PCP contracts are well established in the new car market.
A personal contract purchase deal (PCP) typically offers a borrower lower monthly instalments and is fast becoming the most used form of financing in the new car market. It requires the customer to pay a certain amount fixed monthly instalments, for a set contract period of somewhere between 24 to 48 months. At the end of a PCP contract the customer has the right to pay a balloon amount, typically 30-50% of the purchase value, or return the car to Oodle Finance.
The balloon payment at the end of a PCP contract creates lower and more affordable monthly payments. The balloon payment at maturity is usually paid back within a part exchange on a new vehicle at the end of the PCP contract term. Although borrowers can pay it off in full and own the vehicle outright, or return it to Oodle Finance.
Good question - ….. it’s a mystery to us as well – afraid we have all been doing other jobs – but now is the right time, right place, right people, right backers – with all the same vision. It’s the perfect storm!!

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