Can I Get Car Finance For an Old Car?

Hello, I'm looking to buy a 10 Year old Porsche Boxster. Have you any rules on age and value of choosing a second hand vehicle on finance? The vehicle i'm looking at is £7500 with with 56000 fully serviced miles for its age. Basically can you guarantee finance on the vehicle? Trevor
Asked by Trevor P
April 26, 2013
Hi Trevor, thank you for your question. We do indeed have 1 lender that will look at financing older vehicles with low mileage - which this Porsche Boxster you've located seems to have. They are a bespoke / niche lender that looks at each case individually so we can't guarantee anything at this stage without an approval in place with this particular lender. I'm quietly confident we could get you the vehicle though as long as we get you approved. Please make an application and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Rachel
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 6.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.


Dealerships related questions

Thanks for the clarification. So would you finance a 2003 BMW M3, 52000 miles FSH from Imperial Motors, St Leonards, Sussex? Price £11,000 but I would be putting £5,000 down as deposit

Asked by Kenneth Clarke
April 26, 2013

Hi Kenneth, we'd have to provide the car and the finance. Please make an application so that we can see if we can get you approved first and then we can discuss the vehicle requirements. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

The car I found is a 2003 BMW M3 52,000 miles reg FE03 WYM. I don't have finance in place yet

Asked by Kenneth Clarke
April 26, 2013

Hi Kenneth, we'd have to provide the car and the finance. Please make an application so that we can see if we can get you approved first and then we can discuss the vehicle requirements. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Where would i have to go to pick one of your cars up or can you deliver?

Asked by Ryan
April 26, 2013

Hi Ryan, we're based in Manchester but we can deliver our cars. Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 2 People

If I found a car at a particular dealership would you be able to help? Or do I have to settle with what you can find?

Asked by Paafio Agyeman
April 26, 2013

Hi Paafio, as we supply the car and the loan we can't finance cars from other dealers. However, we have over 500 cars to choose from in group stock and i'm sure we'll be able to cater for your needs. What car is it you're interested in? Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

If I get car finace from you can I get a car from any car dealership?

Asked by Josh
April 26, 2013

Hi Josh, yes this is possible. Please apply when you get 5 minutes and inform me of your reference number :-) We'll then go from there.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, I was wondering if I was allowed car finance but didn't want to sign anything.

I was wanting to know if I could see the deal first before I do anything? £4000 for an old BMW.

Asked by Dougie Mcmillan
April 26, 2013

Hi Dougie, our quotes are no obligation so you can apply and get approved and then it's down to you to decide whether you want to go ahead.

How old is the BMW you're looking at as some lenders only finance cars that are 7 to 8 years old maximum and they can't have done more than 100,000 miles.

Please make an application and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

hi, how old can the car be that i can get finance on and can i chose any dealership i want..

Asked by Sati
April 26, 2013

Hi Sati, yes - you can choose a car from any dealer but the car usually can't be any older than 7-8 years at the start of the agreement.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi there, can you arrange a loan so I can buy a specific car from a local garage. I have bad credit and also have a part exchange. I'm also nervous about putting in an application and damaging my credit score further as a result. Please help!!

Asked by Colin Bolam
April 26, 2013

Hi Colin - we've had a change in business direction recently and we can now allow you to choose your car from a dealer of your choice. We specialise in helping people with bad credit so i'd like to say we can help you out but i can't guarantee anything until we've seen your credit profile. Have you applied anywhere else online recently and if so where and what was the outcome? Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

Hello there, Please can you tell if you I can choose a car from any trader/dealer or does it have to be a dealer or car on your list? Thank you

Asked by Antony Quintin
April 26, 2013

Hi Antony, thank you for your question. We direct all of our approved customers to purchase a car from any reputable dealer in the UK.

A reputable dealer will be VAT registered, have their FCA interim or full permissions, have a forecourt with signage, a website and as a rule of thumb 15 cars plus. I hope this helps.

Please make an application when you're ready and if approved we also provide a no obligation quote. Kind Regards, Rachel

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Our Manchester based team are ready to help you.


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CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.

247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this

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