Buy used car on finance

What is flexible finance for used cars? Can you sell a car before paying off finance? Finance is an increasingly popular way to buy a car.

Rather than saving for months to buy a car outright, you can split the cost over monthly payments. Hire Purchase finance (HP ) enables the customer to purchase the vehicle outright.

HP finance involves spreading the cost over a series of fixed monthly instalments, which usually lasts between two and five years, with the customer owning the vehicle once the final payment is made. Go for PCP finance and you get low monthly payments and can choose to hand the car back when the contract ends or make the optional final payment to buy it. If there’s still finance owing on a car, it technically belongs to the finance company, so the ‘owner’ has no right to sell it.

However, some people will try to sell a car before they’ve finished paying off the finance. If you’re buying a vehicle from a dealership, outstanding finance agreements are often settled at the point of sale. Most of our used cars are available with interest-free car finance over five years, giving you the ability to get a pre-owned vehicle on a deal to suit you. Alternatively, Click and Collect can be arranged.

Our flexible range of finance options make it easier than ever to get behind the wheel of your ideal used car. If you buy a car or any other item from an auction website using the ‘buy now’ option, this doesn’t count as an auction purchase. If you choose ‘buy now’ your normal consumer rights – including distance selling rights – will apply, as long as you are buying from a business trader.

Flexible finance for new and used cars with low, fixed monthly payments. Can everyone get 0% finance ? You may have to meet the relevant qualifying criteria to get a 0% deal in the first place, this could depend on having a good credit profile.

Hire purchase is a way of buying a car on finance, where the loan is secured against the car. You’ll need to pay a deposit of around 10%, then make fixed monthly payments over an agreed time period. This means you don’t own it until the last payment has been made.

Used car PCP finance requires you to pay an initial deposit and a set number of monthly payments – similar to HP finance – but you’ll have to return the car to the dealer once your finance term ends. If you’d rather keep the car, you can buy it outright for an optional final fee. You’ll need to budget for higher repayments with no-deposit finance as all of the example costs on the site assume a ten per cent deposit.

Over 100used cars for sale in the UK. Select from our wide range of high-quality cars and complete your purchase or financing fully online. Delivery or collection. Get your car delivered to your door or collect it from a Cazoo Customer Centre at a time that suits you.

Buy entirely online. Warranty, months’ Roadside Assistance and months’ MOT Cover all including in the price of the car just for a start. There are many reasons to buy an Approved Used Volkswagen.

For more information check out all the benefits. Warranty valid for vehicles up to 100miles at point of activation. The vehicle should be of satisfactory quality, fit for its purpose and as described. Our used car checklist can help you get to grips with what to look for when buying a used car.

AA approved dealers. It’s not just about how, but also where you can buy used cars with confidence. You could find your dream car for sale from an established dealer, an independent garage or even a private seller.

When buying a used car on finance, our recommendation is to use a deal designed for purchasing a car, rather than a personal loan. This is because the APR is usually lower and if something goes.

A secured loan requires you to put down collateral. This is usually the most expensive thing you own such as your house or your car.

You simply need your debit or credit card (to pay the initial deposit) and your driving. The loan that you take out on the car, which you pay back over a set time frame, is secured against the car.

If you are buying on finance, then the lender will require the car to be delivered to the home address that’s on the finance paperwork. Most buyers choose to have their car driven to their door, which is the cheapest form of delivery. Representative example. Borrowing £5at a representative APR of 13.

Selling or buying your next car with Motors.