Used car finance

Spread the cost of a second-hand car with a PCP or HP used car finance agreement

BuyaCar team
Jan 15, 2019

Low interest rates and intense competition between lenders mean that low-rate car finance isn't just restricted to new cars.

In 2018, nearly 1.5 million used car buyers financed their vehicle, and in 2019, even more people look set to do it.

It’s easy to see why too, as interest rates as low as 6.9% APR are usually available, and you can usually choose whether you want to pay a deposit or not. You can choose the length of your agreement, and lower your monthly payments by deferring some of the cost to the end of your deal.

Here you’ll find a selection of used finance options. Alternatively, you can jump to see the cars available on finance for different budgets, ranging from £100-£300 per month. Or you can click below to search through all finance deals.


Used car finance deals

There are currently 57542 nearly new and used cars available with finance from BuyaCar, ranging from £67 per month to £4,105 per month, based on a ten per cent deposit.

Types of used car finance

PCP used car finance

Personal Contract Purchase (PCP) finance offers low monthly payments because they only cover part of the car's cost - the value that it's expected to lose during the agreement.

This gives you flexibility at the end: you can either hand back the car, or keep it by paying a lump sum or refinancing. Depending on the car's value, you may be able to trade it in and cover your deposit for a new vehicle. It's available on used cars that are less than four years old.

Once cars are older than this, it gets more difficult to predict their value at the end of the finance agreement, which means that your monthly payments cannot be calculated accurately.
More information


HP used car finance

You can buy just about any used car with Hire Purchase (HP) finance, which is also known as Condtional Sale finance. This spreads the cost of a vehicle over a series of monthly payments. Because you own the car at the end of the agreement, its future value matters much less to the finance company.

Unlike most other forms of car finance, your monthly payments cover the full cost of the car - minus any deposit. This makes the instalments more expensive, but means that you’re left with a car at the end of the agreement, with no further money to pay.
More information


Apply for used car finance

You’ll get the most accurate finance quote if you apply once you’ve chosen a car: your monthly payments will depend on its price, and may also be based on its predicted value at the end of the agreement.

The market for car finance is competitive and it usually takes just a few minutes to get a finance quote. BuyaCar works with a panel of lenders to provide low-rate finance for a range of circumstances. You can apply for finance on any car on the website, call on 0800 050 2333 or send us a message.

Once accepted for finance, it’s normally straightforward to transfer the agreement onto another car without having to go through the application process again - as long as your monthly payments remain affordable.

Just as with new car finance, the better your credit score, the more likely you are to be accepted with the offer of a low interest rate. Being on the electoral roll and having a track record of paying debts (such as credit card bills) on time, will help.


Used car finance vs new car finance

One major difference between new and used car finance is that manufacturer incentives are rarely available for used cars. This means that 0% interest deals and large deposit contributions aren’t normally offered on used models. It’s also unsusual to find a leasing option for used cars.


Used car finance for under £100

There's a surprising amount of choice among the 798 cars currently available for under £100 per month on BuyaCar - as long as you don't need anything too big. The list is dominated by city cars, such as the Citroen C1, Peugeot 108, Skoda Citigo and Volkswagen up!. There are aso some small hatchbacks, such as the Vauxhall Corsa and Dacia Sandero.

The finance prices are based on a ten per cent deposit, which is typically less than £1,000, but these cars are often available with a no-deposit option. Click below to search all deals for under £100 per month, or scroll down for more examples.

Citroen C1

Latest BuyaCar prices
from £70 per month.

Vauxhall Corsa

Latest BuyaCar prices
from £77 per month.

Fiat 500

Latest BuyaCar prices
from £85 per month.


Used car finance for under £150

With £150 per month to spend, your options broaden, with the choice of larger family cars and some seven-seat people carriers. There are even 49 tall sport utility vehicles (SUVs) available in the price bracket.

In total, you'll find 8704 cars available for sale today from BuyaCar, which cost less than £150 per month. Click the button below to search them all or see some examples underneath.

Mini Hatchback

Latest BuyaCar prices
from £108 per month.

Volkswagen Golf

Latest BuyaCar prices
from £127 per month.

Ford Focus

Latest BuyaCar prices
from £121 per month.


Used car finance for under £200

If you're able to spend up to £200 a month, then you'll have the pick of 21820 cars that are on sale now from BuyaCar. That number includes 4121 nearly-new cars that were registered this year, some with just a handful of miles on the clock. You can choose from 166 BMWs or 599 Audis.

Many vehicles in this price bracket still have a year or more to run on their manufacturer warranty and include the latest technology, such as Apple CarPlay or Android Auto for easy control of your phone apps using the car's touchscreen or with voice commands. Scroll down for a selection of the cars available.

Audi A1

Latest BuyaCar prices
from £117 per month.

Nissan Qashqai

Latest BuyaCar prices
from £144 per month.

Mercedes A-Class

Latest BuyaCar prices
from £145 per month.


Used car finance for under £300

A modern Range Rover for under £300 per month? You can choose from 61 Evoque models that are available now from BuyaCar. They are among 38399 cars in this price bracket and include other luxury brands such as Jaguar, Lexus and Mercedes.

Some of the most appealing options are below, or you can click the button to search for all vehicles below the £300 per month mark.

Range Rover Evoque

Latest BuyaCar prices
from £221 per month.

BMW 5 Series

Latest BuyaCar prices
from £183 per month.

Volvo XC60

Latest BuyaCar prices
from £229 per month.





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