Help & Advice

Second hand car finance

Hello, can i get car finance on a second hand car? Is this something that you do?

Robert K


Answer

Hi Robert, thank you for using our Q&A.

The simple answer is Yes! We provide finance mainly for used cars and we help hundreds of people each month obtain finance for the car of their dreams.

As long as you are employed, have a UK driving licence and some current active credit history we'll be able to get you approved with no issues.

Please make an application for car finance when you're ready and when accepted we provide a no obligation quote and choose your car from any dealer nationwide. Kind regards, Rachel

Answer correct as of September 2016

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Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Hi Rachel, i'm after a second hand car but don't have the best credit. Also can you take my swapper in part ex?

Answer

Hi Dave, yes we can get you into an updated second hand car and we can also take your old car off you in part exchange. Do you have any outstanding finance left to pay? If so, how much and roughly what's your car worth? We do also have bad credit car loan lenders so i'm confident we can help you out. Please apply and we'll see what we can do. Kind Regards, Rachel

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Hi Rachel, I am looking to get a second hand car around 18 months old. My credit history is ok and i've kept up payments on all outgoing bills for the past 2 years. Do you think I can get a car with PCP? Cheers

Answer

Hi John, yes - we'll be able to help you as it sounds like your credit record is in good shape. Have you got a deposit and how much are you looking to finance? We can offer good rates on PCP's so please apply and we'll see how we fare. Kind Regards, Rachel

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Is it possible to get finance on a 13 year old car?

Answer

Hi Matt, apologies for the delayed response. Unfortunately it's not possible to get finance on a 13 year old car. The cars we finance cannot be older than 10 years at the end of the agreement. Regards, Rachel

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Hi, We are in temporary accommodation at the moment for 6 weeks, but require finance for a used car, can we still get this?

Answer

Hi Linda, this is possible as long as you have some form of actove credit. Is this the case? Also how much are you after and do you have a deposit? Kind Regards, Rachel

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Hi Rachel, can you tell me if it would be possible to get finance for a second hand car with you? I can put a deposit down and part exchange. I currently have a 1999 vauxhaul zafira the only thing that might not be playable is the fact i'm not employed. I currently carer for my husband on dissability benefit we do receive approx £1250 a month so could afford a finance contract. Hope you can help in any way possible

Answer

Hi Andrea, we'd love to help you get a second hand car on finance. As you're not employed i need to know whether you have good or bad credit? Please let me know. Rachel

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Hi Rachel, i'm not sure about my credit report to honest. I do try to pay all bills on time. I have a contract phone that i pay every month and i'm pretty sure i haven't had any defaults that i know of. I'm just struggling to find finance for a car.

Answer

Hi Andrea, apologies for the delayed reply. I understand your position and we'll try our best to help. Please place down "carer" in the employment status part of the application :-)

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Hi, i've been told i can have finance with yourselves with a minimum deposit of £400 and min price £6000. Yet i have found a car for £4695. Could i not apply for this one?Not sure how it all works. Hope you can help.

Answer

Hi Andrea, yes this should be possible. Have you spoken with a representative or just received an email? KR, Rachel

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Hi, yes - i've spoken to James and received an email. I know the car dealership that i've seen the car at and they do finance but i would prefer to go through you as i hope you would get the best for myself. Thanks again

Answer

Hi Andrea, i understand. Please speak with James tomorrow and see if this is possible. The only lender we can get you approved with is the one James is dealing with and i do know they have certain criteria. After checking your application just now we can't get you approved anywhere else unfortunately. Please double check with James that £6000 is the minimum lend. I shall check with him tomorrow AM too :-) Have a great evening. Rachel

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Hi, I declared myself bankrupt 4 years ago and although it was annulled after 12 months it stays on my credit report for 6 years. Therefore my credit rating is bad - Is there a possibility a lender would offer me finance?

Answer

Hi Dave, thanks for the question and apologies for the delayed response.

In response we'd love to be able to help and we do have lenders that help ex-bankrupts and this with a bad credit history. As long as you are employed, have a UK licence and have some active credit at your current address we should be able to get you approved.

Please make an application when you can. Kind Regards, Rachel

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Rachel Wilson, Underwriting manager

Asset 1 Just get in touch,

we'll try to help Asset 2

Rachel Wilson, Underwriting Manager

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender