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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Car finance for a high mileage car

Hey, i was wondering if there is such a thing as a high mileage finance option that doesn't require a high deposit? Thanks

Posted by Kyle oldfield on

Answer.

Hi Kyle, the maximum mileage a car can have that you can obtain car finance on is 100,000. Finance companies don't like lending money on cars with higher mileage than this as if they were to repossess the vehicle for any reason they would lose money on the car as it would fetch very little in the auction. Can i ask - why do you want a car with very high mileage? Regards, Edwin

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