Can I Get Finance on a Second Hand Car?

Can I get second hand car finance?


November 19, 2020

Yes, we can look to find finance for used or second-hand cars from any reputable dealer. We work with a panel of lenders so that we can help people with a variety of circumstances find used car finance. We can’t guarantee that we’ll be able to help as everyone’s circumstances are different but, if your application is approved in principle, you’ll be granted access to our car search, which features over 130,000 used cars. Found a second-hand car somewhere else? No problem! Just let your account manager know. Get a quote to find out more. Rates from 6.9%. Representative APR 24.9%.

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 7.9%: 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 9.9%, an annual interest rate of 9.9% (Fixed) and a deposit of £0.00, the amount payable would be £136.44 per month, with a total cost of credit of £1,686.40 and a total amount payable of £8,186.40. 

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.


Cars related questions

Hi, i recently applied for a car finance but was refused. I have a good rating of 937 but this has dropped to 925. I want to buy a £10k car and have £2k deposit. My salary is £22,500 per annum. I am just about to go freelance as an IT consultant. Can you

Asked by Ade
November 19, 2020

Hi Ade, as long as you have a good to fair credit profile we'll be able to secure you £8000 finance with a £2000 deposit with no issues at all. We deal with many niche car finance lenders so please make an application when you're ready. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

I am trying to get a pcp deal on a Nissan pathfinder but was turned down because my credit score is too low. The bad credit is due to a defaulted payment of only £6 I have no CCJ's or other arrears and have perfect credit in every other way. What could yo


November 19, 2020

The good news is that CarFinance 247 works with a panel of lenders, which means we can look to find you a PCP deal, even if you’ve been declined elsewhere.

However, we can’t guarantee that we will be able to help as everyone’s circumstances are different and we’d need to look at your individual details to find out if we can match you to one of our lenders offering personal contract purchase deals.

Get a quote to find out more. Rates from 6.9% APR. Representative APR 24.9%.

Find out more about PCP and whether it could be the right car finance option for you here

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi, I have a Vauxhall Corsa that i am hoping to part ex for £2000. I am wanting a alfa romeo that's £9700. My credit score is 798 with experian and was wondering if you think i could get the finance for it. I pay all my bills on time not in no arrers with

Asked by Marie
November 19, 2020

Hi Marie, thank you for your question. With a £2000 deposit in your Corsa and a good credit score we should be able to get you approved with no problems at all. Please apply on our website and let me know when you have done so and i'll look at your application. Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, I am looking to buy a used BMW on PCP finance, My credit file is showing as 876 which is fair, this was previously in the 900s so good, but my credit card balance is near the limit so has taken a bit of a hit. I currently have 4 credit

Asked by Kieran Williams
November 19, 2020

Hi Kieran, thank you for your question

As you have a decent credit score and 4 active clean credit accounts i'm very confident that we can get you accepted at a lender who offers attractive rates on PCP's. The fact that one credit card is near its limit shouldn't effect the decision

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 8 People

Hi, I am looking to get a new car on finance, however I have had a default status on my credit file for the last three years (fully paid off in November 2012 - default amount around £16000). However, i don't want to be faced with the embarr


November 19, 2020

We work with a panel of lenders and some of them can help customers with a bad credit history get car finance. This includes people with CCJs, defaults and IVAs, subject to approval. However, PCP car finance lenders can require a good credit score, so we can’t guarantee that we’d be able to help you get a new car on PCP. Everyone’s circumstances are different, and we’d need to look at your individual details to see if we can match you to one of our lenders. Get a quote to find out more. Representative APR 31.2% with bad credit.

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 8 People

Hiya Rachel. Thanks for the reply. Yeah - I'm on the electoral roll at the current address. If in a few months time down the line when I have payslips (We will get one a week as that is how the company pays them), do you finance new cars? As I would like

Asked by Alec
November 19, 2020

Hi Alec, we can finance new cars so that's not a problem. As Vauxhall's come with 3 years manufacturer warranty would you consider one that's 3-6 months old for example as we'd have plenty of options for you? On the rate front i'd expect you to get a rate between 10% and 14%. Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

I need to find a new car but am struggling to get finance. I am 18 and am working full time and have minimal outgoings, other than my current car insurance and running costs, but because my parents don't have great credit ratings they can't be guarantor.

Asked by Rosie
November 19, 2020

Hi Rosie, due to your age you may not be able to get finance on a brand new Fiat 500 but have you thought of a used one? We could get you approx £5000 and you may need a 10% deposit. Would that be of any use? It'd build up your credit score etc and in a few years you'd then be able to get a new car. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

I was on a DMP but came off of this around 2 years ago, and managed through the payments myself meeting what was required. The majority of this debt has now been cleared and I am in a financially secure position earning around £2,300 a month. I know my cr

Asked by Oli Smith
November 19, 2020

Hi Oli, Thank you for your question. Most lenders will need to look into your credit history before offering you a loan I'm afraid, however this doesn't mean we won't be able to find you a lender! We can help people that are currently in debt management plans, it all depends upon how bad your actual credit profile is and how much debt you have outstanding. As you are now on top of your credit and have a good regular income we may well be able to help you. Please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

I'm looking at getting a car on finance, maybe a fiat 500. I have a car already but it's probably only worth £500, but could maybe get another £200 for deposit. The only thing is that my credit rating is poor. Would I still be able to get finance? I'm onl

Asked by Abbie
November 19, 2020

Hi Abbie, we do have a chance in getting you the finance you need for a Fiat 500. The £700 approx deposit will certainly help your case. Just 2 questions - are you on the electoral roll and do you have any active clean credit? If so, please apply and let me know the reference number ;-)
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Can't find the right answer?

Our Manchester based team are ready to help you.


* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

This site uses cookies so that we can provide you with the best user experience. By continuing to use the site you are consenting for cookies to be used. Further information on cookies and how you can disable them is available on our cookie policy.