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If you’re a Muslim considering car finance in the UK, you’ve probably come across PCP (Personal Contract Purchase). But the big question is: Is PCP Halal or Haram?
Thinking about selling your car but still have finance remaining? You're not alone. Many drivers find themselves in this position, unsure of the legal and financial implications of selling a car that's still under a finance agreement.
Getting approved for car finance in the UK isn’t always easy, especially if you have limited credit history, a low income, or bad credit. That’s where a guarantor can help. A guarantor acts as a financial safety net for lenders, making it easier for people to secure a car finance deal.
Passing the TfL Topographical Skills Test is a crucial step if you're applying to become a PHV (Private Hire Vehicle) driver in London. Without it, you can’t get your PCO licence, which means no Uber, Bolt, or other ride-hailing work in the capital.
Getting insured as a new driver in the UK can be expensive. Premiums for first-time drivers, especially under the age of 25, are typically the highest in the market. In fact, according to recent data, the average premium for a 17–20 year old can exceed £1,800 annually.
Buying your first car is exciting, but if you're a new driver in the UK, the cost of car insurance can be a serious shock. According to recent reports, drivers aged 17 to 24 see insurance as a bigger hurdle than the car itself.
Buying a pre-owned car can be a smart financial decision, especially in 2025, where the used car market remains strong due to rising costs of new vehicles and demand for budget-friendly options. However, it’s easy to fall into costly traps without knowing what to look for.
Choosing the right car finance can be tricky, especially when faced with jargon like HP and PCP. These are two of the most common car finance methods in the UK, but they work in very different ways and can have long-term implications on ownership, costs, and flexibility.