Used Cars On Finance For £50 per month - Cheap Cars on Finance
Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.
Coming in the shade of white, this Transit Connect contains a 1.8L diesel engine with manual transmission and has 127,285 miles clocked-up on the dashboard.
Go down to this dealership for a closer look at this manual hatchback with manual transmission and a 1400 cc diesel motor. This second hand model in Rochester has been finished in the shade of blue and has 89,000 miles on the dash.
Coming finished in silver, this Volkswagen comes equipped with manual transmission, a 0.6 Litre diesel engine and has 165,776 miles clocked up on the dashboard.
Up for sale and ready for its next owner to drive away is this Renault Scenic 1.6 Dci Dynamique Tomtom Euro 5 Ss that
features a 1.6 Litre diesel motor with manual transmission. This second hand model currently on sale at this dealership has been finished in the shade of black and has got 101,000 miles on the dash.
Take a test drive in this manual convertible equipped with a 1.8 ltr petrol motor with manual transmission. This used model available from this dealer has got 119,721 miles clocked up on the dash and comes in the shade of blue.
Currently available to buy is this second hand Corsa 1.2 16V S Euro 5 that contains a 1200 cc petrol engine with manual transmission. Get it at the amazing price of £1,500 from this dealer in the London area.
Up for sale at the price of £1,909 or with the option to buy using finance with manageable repayments from around £ per month, this black Vauxhall Astra 1.6I 16V Sxi has 77,000 miles clocked up on the dash and features a 1600CC petrol engine with manual transmission.
On offer at the terrific price of only £2,000 is this Jaguar XF 3.0D V6 Luxury, it is fitted out with a 1000CC diesel engine with automatic transmission and it has 137,000 mi clocked up on the dashboard.
Coming fitted with manual transmission and a 1300CC petrol engine, this second hand Swift from this dealer is available on the market in orange and has 95,000 miles on the dash.
On the market and ready for you to drive away is this highly popular, top 10 best selling Fiesta 1.4 LX Ac that contains a 1400 CC petrol motor with manual transmission. This second hand model currently on sale at this dealership in Bedford has 86,000 miles clocked-up on the dashboard and comes finished in blue.
Become the new owner of this Focus which has been created with durability in mind. It incorporates a 1.6 L petrol motor and automatic transmission. This second-hand model currently on sale at this dealer has 170,000 miles on the clock and is finished in silver.
At this dealer in Leicester you will find the low price of only £1,780 on this Ford with a 2.0 LTR diesel motor, manual transmission and 132,568 miles clocked up on the dash.
A 5 door hatchback car by Ford that offers motorists a higher standard of dependability than most ordinary vehicles. This 1.4 Zetec Climate has 79,000 miles clocked up on the dash and incorporates a 1.4 Ltr petrol engine. Currently available on the market at the remarkable price of only £1,195 or with the option to buy on finance with manageable instalments available starting at £ per month.
Coming in the shade of black, this second hand BMW 1 Series 1.6 116I Se 114 Bhp has a 1.6 Litre petrol motor with manual transmission and it has 79,000 miles on the dash.
This convertible vehicle is now up for sale and ready for you to drive home. It incorporates a 1.6 Ltr petrol motor with manual transmission and it has 72,043 miles on the dash.
We'll be honest getting a car on finance for £50 per month isn't going to be easy and it probably isn't going to be a fancy car. However, it's essential to find a finance deal that suits your budget and doesn't leave you paying more than you need to in the long run. We'll explore five tips that can help you secure the cheapest used car finance deals in the UK.
Check Your Credit Score
Your credit score plays a crucial role in determining the interest rates you're offered. Before you start shopping for car finance, check your credit report for any errors or inaccuracies that could be affecting your score. If your credit score isn't as high as you'd like, consider taking steps to improve it, such as paying down existing debt, making timely bill payments, or avoiding taking out new credit.
Shop Around for the Best Deal
Don't limit yourself to the finance offers available at the dealership. Shop around and compare rates from multiple lenders, including banks, credit unions, and online finance providers. You can use online comparison tools to get an overview of the best deals on offer. This will give you a better chance of finding the lowest interest rates and most favourable terms.
Choose a Shorter Loan Term
While longer loan terms may result in lower monthly payments, they usually come with higher interest rates, which means you'll end up paying more over the life of the loan. Opt for a shorter loan term if you can afford the higher monthly payments. You'll pay off the loan faster and save money on interest.
Save for a Larger Deposit
A larger deposit reduces the amount you need to borrow and can help you secure a lower interest rate. This means you'll pay less in interest over the term of the loan. Additionally, having a significant deposit demonstrates to lenders that you're financially responsible, making them more likely to offer you a better deal.
Consider a Hire Purchase Agreement
A Hire Purchase (HP) agreement may be a more affordable finance option for used cars. With HP, you pay a deposit upfront, followed by fixed monthly payments for the duration of the agreement. Once the final payment is made, you own the car outright. HP agreements often come with lower interest rates compared to other finance options and can be an excellent way to get a cheaper deal on a used car.
Conclusion
Securing the cheapest used car finance deal in the UK requires a bit of research, planning, and smart decision-making. By following these tips, you can increase your chances of finding a finance deal that suits your budget and allows you to drive away with the used car you want. Take the time to compare offers, consider your finance options, and ensure that you're making a decision that works for your financial situation.