How much should I spend on a used car?
How much you spend is really up to you - and should depend on how much you can afford to pay up front or borrow. If you want a reliable vehicle that will last you a long time without having to spend a lot of money on maintenance, repairs or MOT, we think £5,000 is a good starting point.
You can opt for a financing plan from your dealership, or pay on a credit card. But cash is king when it comes to buying a used car, as it often means you’re able to negotiate a better deal.
If you don’t have the money to pay up front and you’re looking for a low-cost way to finance your car, we offer an attractive 4.4% APR Representative on loans between £5,000 - £7,499, with repayment terms between 12 and 60 months.
Applying for one of our loans is easy
First of all, we’ll use basic information about your circumstances and credit history to provide you with a personalised quote, so that you know what your rate of interest will be, and how much you’ll pay back each month.
If you’re happy with your quote you can apply online, this takes just 10 minutes to complete with no paperwork to sign. All we need you to provide are your address details for the last two years, your employer’s name and address, basic details of your income and outgoings, and your contact information.
If your loan application is approved then the money will be in your bank account the next working day – so you can go car shopping immediately.
Get your personalised quote
Who we lend to, are you:
- over 18 years old
- a UK resident (excluding Isle of Man and Channel Islands) with a minimum income of £10,000 a year;
- with a good credit history, no previous County Court Judgments, Debt Relief Orders, Individual Voluntary Arrangements, defaults or bankruptcies;
- with a UK bank account in your name which accepts Direct Debits.
If all of these apply this doesn’t guarantee that your application will be accepted. We will need to do some additional credit and affordability checks.
Get your quote and apply