Skip Content
Sign in to the member area
Coronavirus Update + Support >

A definitive report on the used car finance market

Download our report for more information.

Car Loans | CarFinance 247

Reg and Louis Rix

With that many people relying on us to get from A to B, it's important that we know everything there is to know about our industry.
Brothers Reg and Louis Rix

The used car market is in our blood. It was our dad's business when we were growing up. And it's been in our family for generations. Still is.

It's also an industry that sees over 8 million sales a year. And it shows no signs of slowing down any time soon.

But for us, used car finance is all about improving people's everyday lives. Getting the school run sorted. That big boot for the big shop. The car you're proud to park outside the office. We're helping people get the thrill of being back on the open road. And the freedom that comes with it.

We're passionate about what we do, and we're proud to be the UK's number one online used car finance broker. One in 20 used cars financed is done so with our help. That's over 1,000 people picking up their new pride and joy every week - and almost 200,000 since we launched.

With that many people relying on us to get from A to B, it's important that we know everything there is to know about our industry.

That's why we commissioned this report. We wanted to get under the hood of the used car market. To understand how people buy their cars. What they need and what they want. What they drive and what drives them.

We hope you find it as fascinating a read as we do;

Signature of Reg and Louis Rix

Did you know?

On average, UK used car owners using a finance broker pay £413 for their car each month

On average, UK used car owners using a finance broker pay £413 for their car each month - that's 19% of their monthly take-home income.

86% of used car buyers say that they understand their car finance options

86% of used car buyers say that they understand their car finance options. 43% say they're very confident.

70% of 25-34-year-olds felt pressured to use the finance plan offered by their dealership

70% of 25-34-year-olds felt pressured to use the finance plan offered by their dealership, while 82% of people aged 65 or older didn't feel pressured at all!

People who used a finance broker were the most likely to buy a hybrid

People who used a finance broker were the most likely to buy a hybrid (28% vs. national average of 9%).

Over a third of used car owners have eaten a takeaway in their car

Over a third of used car owners have eaten a takeaway in their car and 21% have slept in it.

The report

And that's just scratching the surface...
Download the full report to find out more about the used car finance market.

Chat with us

Get in touch

Contact us