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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Can i get a car loan for an old car?

Hi, my last last 3 car loans have been for cars under 5 years old but i have been looking at a car which is six years old. Can i still get a loan even though it's an old car?

Posted by Duncan on


Hi Duncan, yes - we can get you a car loan on a 6 year old car but we'd only be able to finance it over 48 months with most of our lenders.

However, if you have a good credit history we do have a few lenders who can finance cars that will be 12 years old at the end of the agreement.

Please make an application when you're ready and once accepted we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Edwin

Posted by on

Rate Edwin’s advice.

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Not great, but i have had 3 car loans all paid off no problem. The cars I am looking at are 07 plates but are £9.5k as they are at the top end of the market. I have a part ex and will be putting £1k down as deposit.

Posted by Duncan on


Thanks for the response Duncan. We may just be able to get you approved for the amount you want due to your large deposit and part exchange. Please apply when you can. Edwin

Posted by on


Hello, we are looking to purchase a 2005 Saab 2.0l Vector convertible. We have £1000 deposit and the car is advertised at £3995.

Would you be able to assist with a loan on the basis of the age and if so would it depend on who the dealer is (or would we have to purchase through an approved dealer). Thanks.

Posted by Paul Lewin on


Hi Paul, thank you for your question.

As long as you had a good credit history we'd be able to finance a 2005 car over 3 years for you (so the car would be less than 12 years old at the end of the agreement).

As you have a large deposit getting you approved for the required £2995 wouldn't be an issue. Please apply asap.

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