Finding a Car Archives | Car Buying Advice

New vs Used Car: Which is Best for Me?

Row of new and used cars outside a car dealership

Buying a car is enormously exciting, albeit a little overwhelming. There's so much to consider like the make and model, time frame for delivery, initial budget and future finances. On top of this, and perhaps most importantly, there's the age-old question of whether you should buy something brand-new or used.

It’s easy to see the appeal of owning a new vehicle, specially designed with all the features you could ever need (and who can resist that new car smell?). Plus, more often than not, cars straight off the delivery line include generous finance offers from manufacturer dealerships.

On the other hand, more people than ever are opting for used cars thanks to their affordability and improved reliability. Nowadays, you can find plenty of pristine models on sale that haven’t maxed out their odometers. What’s more, the increase in finance deals within the market means owning your perfect car is more realistic than ever.

Ultimately, there are benefits to both routes. However, if you’re still confused, keep reading for more details that’ll help you make the right decision on buying a new vs used car.

Five benefits of buying new cars

1. You get exactly what you ask for

When you order a brand-new car, you have control over the exact specifications. This means you can pretty much design the vehicle of your dreams.

Choose from dazzling exterior colours and smart interior trim to fancy roofs and heated steering wheels. The key thing is, you don’t have to compromise on your preferred style.

2. Generous finance deals

Contrary to popular belief, you could actually save more money long-term by purchasing a new car. This is because most manufacturers incentivise sales by offering enticing finance deals to promote their latest models.

Furthermore, many dealerships offer a 0% interest rate for the initial period. The result is that you could potentially pay off your car faster than some bank loans allow.

3. Longer warranties than used cars

The most convincing argument for owning a new car is the accompanying warranty. Manufacturers will typically offer at least three years. However, some cover you between five and seven.

As a result, you’re fully covered for malfunctions and breakdowns. This is extra-reassuring as new cars won’t have been thoroughly road-tested. Additionally, the majority of car warranties can be transferred between owners. You’ll benefit from having the upper hand if you want to sell the vehicle at a later date.

4. Improved safety features (and features in general)

Newer cars come equipped with a range of impressive technology. This can include high beams, automatic emergency brakes, adaptive cruise control, and intelligent sensor systems that limit potential accidents.

These improved features are particularly handy if you drive with children or take long trips because they make your journeys far safer.

5. More environmentally friendly options

If you’re looking for a fuel-efficient, hybrid or electric model, you’ve got the pick of brands such as Hyundai Electric, Tesla, Toyota Prius Prime. You’ll likely have to opt for something ultra-modern and at the cutting edge of technology.

Not only are environmental considerations at play, but these specific types of car can save you plenty of money in the long run on petrol and engine maintenance.

Five benefits of buying used cars

1. Available immediately

Imagine the frustration of saving for a brand-new car, finding your ideal model, then having to wait weeks or even months to take it home. The thought is almost unbearable.

Thankfully, this isn’t a problem when choosing something used. This is because it’s available immediately and, in nearly all cases, ready to drive home on the day.

2. Initial and long-term affordability

Affordability is the leading factor in why people prefer used cars. Not only is the initial price much lower (often between 30-50%) but used vehicles depreciate much slower. This means you’ll take a smaller percentage hit on the original price if you ever wanted to sell up.

It’s also worth noting that repairing and maintaining a used car is easier and cheaper than fixing a new one. Instead of going to the official retailer for spare parts, you can find everything you need at a reduced price online. However, do be careful not to invalidate any terms of warranty!

3. Discounted tax

New cars are always more expensive to tax and register. In contrast, you save a substantial amount with slightly older or second-hand models. Even older cars may also be subject to discounted tax. This is something worth checking with the dealership beforehand.

4. Cheaper insurance

It costs more to insure a brand-new vehicle because the more valuable the car, the larger the risk to insurers if there’s a collision. If you’re a new driver, or accident-prone, this should be a serious consideration before making your final purchase.

5. Proven reliability

There would be nothing more upsetting than taking your new set of wheels for a drive, only to find out there’s something faulty with the machinery. Unfortunately, it happens, and it means you might have to wait several months for repairs.

In contrast, older vehicles with more miles have already proven themselves to be trustworthy and roadworthy. Plus, the frequent lubrication and reduced carbon build-up associated with regular use could mean fewer maintenance costs down the line.

Final verdict

When it comes to car buying, there’s no right or wrong answer to the question of new vs used car. Instead, you need to make a decision based on your unique circumstances and preferences.

Arguably, the primary consideration should be your finances and budget. Bear in mind that experts say you should be able to pay the car off entirely in three years. If you can’t afford payments at this rate, you may need to look for a less expensive model.

To put your mind at ease, make sure to research new car models diligently and lean on customer reviews for reassurance. When purchasing a used vehicle, ask a mechanic to assess its condition beforehand. Alternatively, buy from a reputable used car dealer who offers guarantees and quality promises. Many dealers are often supported by household names such as AA and RAC.

How we can help you

At My Car Credit, we want to make securing car finance simple and accessible, whether you opt for a new or used vehicle.

To find out how we can help you, give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk. One of our knowledgeable team members will get back to you as soon as possible.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

Top 10 Child-Friendly Cars in Time for Back to School

Children sat in the back of child-friendly cars going to school

With the end of summer holidays approaching, and schools across the UK reopening after COVID-19, families everywhere are getting ready for the back to school rush. As well as managing uniforms, stationery and new-term anxiety, parents and carers also have to adapt to a change of routine, full of busy school runs, drop-offs and pick-ups. It goes without saying that a spacious and safe child-friendly car is an absolute must to cope with the stark transition.

While there are plenty of fantastic models available, the wide variety of features and machinery on offer can feel overwhelming. Thankfully, there’s no need to worry. To help you make the right decision, we’ve compiled our top ten family-friendly cars to suit all budgets and circumstances.

Best cars for large families

Citroen Picasso

Anyone with more than the average ‘2.4 children’ will understand the frustration of a standard five-seater car. Two child seats usually fill the back, with the option for a child over 12 in the front passenger seat. That means you’ll need something a bit bigger if you’ve got four kids, three under 12, or another adult sitting in the passenger seat.

The Citroen Grand C4 Picasso 7-Seater is a great option in this respect. Two additional seats fold out from the boot, allowing you to cater for all the kids comfortable and safely, without the typical bulk of a people carrier. It’s also designed with a larger middle seat in the back row of three, allowing you to fit three child seats in the back.

Kia Sorento

Another great option when you need to seat more than four or five is the Kia Sorento. Again, this car provides seven seats without the unwieldy people carrier look. Styled as an SUV, the car boasts seven spacious seats – again capable of fitting three child seats in the back row alone.

Practicality is a checked box, with a reasonable 142 litres at minimum capacity, expanding to 660 litres with the third row of seats folded and a huge 1,732 with the back seats down too. That’s paired with a range of optional entertainment features on the KX-4 like Bose Premium Surround Sound, a Panoramic Sunroof and Wireless Phone Charging that will make the school run that bit easier for restless kids.

Best compact cars for tight car parks and busy roads

Ford Focus

The best-selling Ford Focus proves that you don’t need an enormous SUV to have a valuable family car. In fact, its compact size makes navigating busy school roads and tight car parks easier than ever.

While it doesn’t look like one of the most spacious models, it’s well-suited towards family commitments and comes with adequate rear space for drop-offs and pick-ups.

Plus, one of the most attractive features is Ford’s Active Park Assist, which steers you into parking spaces just 20% longer than your vehicle. The innovative sensors are simple to operate, automatically gaging space to avoid possible accidents.

Hyundai i10

The Hyundai i10’s intelligent packaging maximises interior space while remaining small enough to effortlessly zip around. While its 252-litre boot may sound small, it still offers enough space for families of four to store all their belongings.

Most impressively, this mini drive has surprisingly nifty handling. Its tight turning circle, agility and light steering makes squeezing into parking spaces a breeze, even on rainy days.

Best safety-first cars

Volvo V40

With so much cutting-edge technology, the Volvo V40 makes travelling with small children and driving through hectic school areas amazingly safe and stress-free.

A trailblazer in car safety standards, it boasts a host of impressive features including airbags, inflatable curtains, pre-crash preparation systems, laser-based braking units, auto brakes, pedestrian detection systems, rear cross-traffic detectors and blind spot warning alerts.

Renault Megane Hatchback

With safety at the forefront of design, the Megane possesses a wide range of advanced systems that promises to put the most anxious drivers’ minds at rest.

To ensure the smoothest driving experience possible, there’s adaptive cruise control, automatic emergency braking, blind-spot warning, traffic-sign recognition and parking sensors. Plus, the Euro NCAP awarded it the maximum five-star overall protection rating, as well as a score of 87% for child protection.

Best fuel-efficient cars for increased use

Mazda 3

The Mazda 3 is a fantastic, fuel-efficient alternative to the Volkswagen Golf and Ford Focus, making it ideal for families always on-the-go.

Despite the lack of full hybrid models, the mild-hybrid system offers a small amount of electrical assistance to improve the vehicle’s overall efficiency, meaning fewer running costs for you. Plus, because of its lightweight structure, there’s less stress on brake components and tyres, meaning replacements could be required less frequently.

Toyota Prius 1.8 VVTi

The Prius brought hybrid technology into the mainstream market, merging eco-efficiency with sleek aesthetics. In fact, it’s probably the most recognisable hybrid vehicle on our roads, and a firm favourite for environmentally conscious families.

Powered by Toyota’s full hybrid powertrain, which reduces carbon dioxide emissions to a low of 70g/km, the Prius costs surprisingly little to own and run. Additionally, its 1.8 litre petrol engine and powerful electric motor deliver a smooth and wonderfully quiet driving experience.

Best affordable family cars

Fiat Tipo

The Fiat Tipo is budget and child-friendly, proving you don’t need to spend a fortune when looking for a brand-new family car.

Prices start between £12,995-£15,550, which is more than reasonable for a five-door hatchback with a 440-litre boot, air conditioning, electric front windows, DAB radio and Bluetooth connectivity. The roomy interior is equally impressive, with plenty wiggle room for families of all sizes.

Vauxhall Astra

The Vauxhall Astra is one of the most popular cars in the UK, rivalling esteemed family SUVs and the likes of the Ford Focus and Volkswagen Golf. Its main selling point is its surprising price tag, with negotiations starting from around £14,500 for a used model.

The Astra is described as a down-to-earth, no-frills family hatchback. Nevertheless, the overall quality is impressive, with soft-touch interiors and a high-tech dashboard. Thanks to its emphasis on comfort, school runs needn’t feel drab.

Take the hassle away

Getting the kids back to school doesn’t have to be a nightmare. Neither does finding car finance. At My Car Credit, we want to make it quicker and easier to secure car finance for your perfect back-to-school car.

Want to find out more? Call us on 01246 458 810 or email enquiries@mycarcredit.co.uk. We’ll get back to you in no time to discuss your options.

Rates from 6.9% APR. Representative APR 13.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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The Pros & Cons of Buying a High Mileage Car

When purchasing a used car, there's one question that sparks fiery debate – does mileage matter?

The answer? It depends on who you ask. Those in favour of high mileage often have a penchant for classic cars, praising the durability and cost-effectiveness of well-loved models. In contrast, low mileage lovers worry about the potential maintenance expenses and overall wear and tear that comes with large amounts of use.

Ultimately, there’s wisdom on both sides of the argument. Read on as we explore the pros and cons of high-mileage cars in more detail, to help you make the right decision.

Pros of buying a high mileage car

Cost-effective

While increased mileage on relatively new cars points to overuse, excluding an older model based on its odometer could mean you’re losing a real bargain.

Used high-mileage cars are more cost-effective on several fronts. Firstly, the initial price is dramatically reduced, and in some cases, you’ll pay less on insurance than you would for a newer model. Additionally, an older vehicle with more miles has already proven itself to be trustworthy. Thanks to the frequent lubrication and reduced carbon build-up associated with regular use, you may incur fewer maintenance costs down the line.

Depreciation

To summarise, depreciation is the amount of money a car loses over its lifetime. Like all cars, high-mileage cars depreciate. However, they don’t do so as fast as newer models. So, if you’re looking to buy and sell cars for profit, or just to get a car that keeps its value, you’re more likely to succeed with the well-driven variety.

Classic cars

Rare and unique classic cars are bound to have been around the block a few times, often racking up plenty of miles in the process. However, collectors won’t be fazed. After all, who could pass up a Subaru BRAT, Mazda MX5 or Delorean DMC-12?

Cons of buying a high mileage car

Harder to secure car finance

Mileage matters when purchasing a car on finance because once you go over 100,000 miles, lenders are hesitant to provide funding. As a result, you may get stuck with a lousy deal that costs you more money long-term.

Maintenance costs

In most cases, provided they’ve been looked after, low mileage cars are in better condition. As the miles creep up, prepare for more diligent maintenance routines to offset higher levels of wear and tear. After a certain mileage, you may also have to deal with faulty car transmissions, oil leaks and fuel pump failures.

It’s fair to say that with a high mileage car, you may have reliability issues. This isn’t ideal when it comes to getting into work on time and driving family around – no one enjoys standing on the hard shoulder waiting for the breakdown services to arrive!

New features

Newer cars come equipped with a range of impressive technology including high beams, automatic emergency brakes, adaptive cruise control and even heated steering wheels (because why not?). In contrast, older high-mileage models lack sought-after safety features and impressive new gadgetry, which could be a deal-breaker for some.

Whatever you choose, we’re here to help

At My Car Credit, we can help you to find the right finance option when purchasing a car, whatever its mileage. To find out how we can help you, give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Audi Q5 Finance: Getting a Good Deal on Used Cars

grey audi q5 bought on finance parked on drive

When the Q5 was first launched just over a decade ago, Audi were trailing some way behind rivals BMW and Land Rover in the SUV sector. However, the Q5 changed all that. It went on to smash all its targets, becoming the best-selling option on the European market for several years in a row.

A second generation of the popular model has since emerged and continues to outperform the competition in a variety of aspects. However, the prohibitive price tag on the newer vehicles might put many buyers off. Fortunately, scouring the used market for older iterations in good condition can pay huge rewards. A bit of effort could allow you to scoop a top-performing SUV at a bargain price.

This handy guide will give a quick rundown of the car’s numerous attractive features. In addition, we’ll let you in on some handy hints about how to secure car finance for the Audi Q5.

Top of its class

Although clearly inspired by the same blueprint as the Audi Q7, the Q5 dispenses with the third row of seating altogether. Still, it has ample space for a family of five. This is alongside reliable handling, impressive acceleration and minimal noise and vibration. All in all, it’s an SUV whose performance and appearance go hand in hand to deliver a supremely attractive option.

There are also eight different trims to choose from and a lengthy list of optional extras. This means the car can be customised to meet the individual preferences of the buyer. Petrol, diesel and hybrid engines are available. What’s more, buyers can rest easy in the knowledge that they’ll be getting a long-lasting car with the persistence and performance that the brand name invariably brings.

Searching the used car market

The latest editions of the Q5 can be snapped up from between £38,000 and £68,000. This will depend on the exact trim and the number of bells and whistles that are included. However, Audi’s reputation for reliability and robustness means that there is real value to be found in dipping into the used car market.

Of course, with any purchase of this kind, it makes prudent sense to do your homework beforehand. A thorough inspection of the vehicle and a comprehensive test drive should form the basis of any decision. You should also ensure that it comes with all the necessary paperwork. Also check that it doesn’t have an excessive number of miles on the dashboard and hasn’t changed hands too many times.

If all is above board, securing used Audi Q5 finance shouldn’t pose an insolvable problem. In next to no time, you could be driving away with the car of your dreams.

Securing finance for the Audi Q5

Car financing is an increasingly popular method of funding your next car purchase in the UK. Instead of allowing the dealership to hold all of the cards, you can take advantage of the services of a broker like My Car Credit. We’ll do all the hard work to scour the market and find the deal that’s best for your circumstances.

One of the first steps might be to try out our simple car finance calculator. This will allow you to see not how much budget you’ll have available to you. On top of that, you can also work out your repayment schedule and plan everything in advance.

Alternatively, you can speak to one of your team members and talk through your options. We’re always on hand to help. Just give us a call on 01246 458 810 or send an email to enquiries@mycarcredit.co.uk and we can take things from there. Don’t delay – take the first steps towards your new Audi Q5 today!

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Am I eligible for car finance?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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7 of the Best Cars for £5000 and Under in 2020

woman in car she bought for 5000 pounds and under

Do you need to upgrade your car? Or perhaps you’re looking to make your first purchase? While car ownership might seem like an expensive proposition, you can bag yourself a bargain for under £5000 if you know where to look.

When it comes to securing a new set of wheels for a price that won’t break the bank, searching the used market is a great source of value. Of course, you’ll have to ensure that the vehicle comes with all of the requisite paperwork and remains in a good condition. But taking the time to do so can pay huge dividends in the long run.

If you’re looking to purchase a new car but your budget isn’t the biggest, here’s a list of some of the finest models available for £5000 or under.

Top cars for £5000

1. Vauxhall Corsa

A top pick for young drivers, the Vauxhall Corsa is actually less popular than its rival the Ford Fiesta but offers better value overall. That’s because you can snap up a new model with better specifications and lower mileage for the same price as you would the Ford equivalent.

There are a variety of different Corsa options to choose from, but the Excite offers low insurance premiums and attractive design features, such as its 16-inch alloy wheels. There are both three- and five-door models available, and while the former are obviously cheaper, the latter offers greater headroom space and better manoeuvrability when opening the doors in tight parking spots.

2. Dacia Sandero

First entering the market at a budget-friendly £5,995, the Dacia Sandero was an affordable option from the get-go. However, netting a new model at that price will mean you forego many of the basic functions you might come to expect from a modern car, including air con, electric windows or even a radio.

Not to worry though, because dipping into the used market can yield significant benefits. If you go for an Ambience model, you should be able to get a Bluetooth- and USB port-equipped car with radio for under £5000. Source a Laureate and you can throw air conditioning into the mix, too. Best of all? The Dacia is already coming in at a bargain price, so its finance payments are likely to be fairly affordable, as well.

3. Toyota Aygo

The Toyota Aygo is put together from the same nuts and bolts as both the Peugeot 108 and the Citroen C1, meaning it offers similar handling, speed and interior space. However, there’s one crucial difference which sets the Aygo apart – it comes with a five-year warranty, rather than the three-year one that’s standard with the other two makes. That means that you can buy a vehicle that’s already three years old and will still have two years to run on its warranty.

It’s also one of the best cars for £5000 in terms of safety, having been crash tested in the not too distant past and producing respectable results. A model under that budget is unlikely to come with the bells and whistles of air con and Bluetooth, but such white elephants are there to be found if you’re lucky.

4. Honda CR-Z

For the environmentally conscious road user, the Honda CR-Z is a hybrid option that doesn’t compromise on sportiness for its fuel economy. You should be able to get above 50 miles to the gallon, while still enjoying a low-slung layout and impressive handling and acceleration.

It’s a three-door model and the boot space is just 225kg, so those with larger families or extensive luggage to cart around might want to look elsewhere. But its biggest draw is, of course, its hybrid credentials, and with a CO2 emission rating of just 117 grams per kilometre, you should be able to lock down affordable road tax, too.

5. Suzuki Grand Vitara

Looking for a cut-price SUV with off-road capabilities? Suzuki is a brand that’s always been synonymous with good value while not sacrificing durability and spaciousness in the process. Older models in the Grand Vitara’s Mk3 range can easily be located for under £5000, though it is likely that they’ll have racked up the miles due to their advanced years.

However, Suzuki’s reputation for robustness should mean that as long as you do your due diligence, read the paperwork carefully and check over the car’s condition, you can still come away with a bargain SUV that’ll serve you and your family well for years to come.

6. Volkswagen EOS

With summer now in full swing, it’s only fair to include a convertible on this list. The Volkswagen EOS is based upon the Golf model, only with the inclusion of soft-top capabilities. As with all drop-tops, it’s a good idea to not only check that the rollback function of the roof still works without a hitch, but that other aspects of the car are in good condition too. Convertibles are notoriously prone to picking up performance niggles.

Having said that, the EOS offers incredible value if you find one that has been taken care of properly. There are plenty of cars for sale for £5000 or under and if you’re really lucky, you’ll even bag leather seats into the bargain.

7. Nissan 350Z

At the turn of the century, the Nissan 350Z was Japan’s best-selling coupe and it’s still well worth an investment today. For those looking for an affordable sports car that can reach 60 miles in six seconds and looks as eye-catchingly impressive now as it did on its initial release, there are few better options out there.

Of course, Japanese engineering is highly prized, especially when it comes with a 3.5 litre engine and 300+ horsepower. But search the market with patience and you could land yourself a beautiful machine for a bargain price whose stunning appearance is matched by its slick performance.

Tracking down your budget buy

As you would expect when mining the used car market, it’s essential that you carry out a full inspection of the car and conduct a test drive before you sign on the dotted line. Also be mindful of the appropriate paperwork – any vehicle which doesn’t have a full service history, V5C documentation, MOT certificates and receipts for all maintenance jobs should send out red flags immediately.

While a cleaner track record normally indicates a healthier vehicle, you should also keep an eye on a couple of other factors. The average car will cover around 10,000 miles per year so avoid ones which have outstripped that tally relative to their age, while the number of owners can also indicate underlying problems. Generally speaking, the fewer previous owners, the better the bet.

Don’t forget to check out our own stock list of quality used cars, provided by our network of approved car dealers.

Getting vehicle finance

£5000 is a sizeable lump sum payment for anyone, so don’t worry if you can’t stump it all up right away. Car financing options are abundantly available these days and at My Car Credit, we can help you to find the deal that’s right for you.

To get an idea of the budget available to you, why not check out our simple car finance calculator? Alternatively, you can get in touch with us directly and speak to one of our friendly, knowledgeable team, who will be happy to walk you through the options open to you.

To see what we can do for you, give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk. We’re waiting to hear from you.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

What Happens if I Can’t Pay My Balloon Payment?

How to Get Car Finance with Poor Credit

What Does ‘Finance’ Mean When Buying a Car?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Everything You Should Know Before Buying Your First Car

man smiling whilst thinking about buying your first car

Have you just passed your driving test and are ready to hit the roads? Perhaps you’ve been saving up money for a while now and are finally ready to purchase your first vehicle. Buying your first car is an exciting – albeit daunting – process. Not only are you making your biggest purchase yet, but you’re gaining a sense of independence and freedom.

Being a motorist can be expensive, and there are many costs to consider. Purchasing the right vehicle that fits your budget is the first and most important step to make. Below, we have a list of the essential things you should keep in mind as you start shopping for your first car. These should help you manage your finances throughout the process.

1. Assess your needs

Do you regularly haul goods? Need extra seats to transport the kids and family dog? Or are you looking for a nifty hatchback to squeeze into on-road parking spots? Assess your needs to narrow down the search.

For example, if you commute long distances to and from work every day, you will want a fuel-efficient vehicle that can handle lots of mileage. For that reason, you might consider a newer car with very few miles on the clock. If you need plenty of room in the back for transporting goods, you might consider a minivan or SUV over a hatchback. The right vehicle should complement your lifestyle and daily needs.

2. Determine your budget

Buying your first car goes beyond having the money to pay for it. You have to factor in the additional costs, such as vehicle tax, car insurance, MOTs, servicing and fuel. Work out how much you can comfortably afford to spend monthly and how much your deposit could be if you decided to finance your first vehicle.

Financing gives you more freedom to break up the cost of a whole car into easy and affordable monthly payments, which can help you buy the right vehicle for your needs. Consider working with car credit specialists to land the right finance plan for your budget.

3. Review your credit report

Lenders will check out your credit history when you’re applying for car finance. Even if you don’t think you have a history, if you have a phone plan, credit card or rent a flat, these items will be marked on your report.

Review your credit report to ensure there are no errors or anomalies, correcting any mistakes before you purchase your first vehicle. This can save you a lot of interest over the long-term.

4. Consider second-hand

The new car smell, pristine seats and the sparkle of a fresh paint job may have you eyeing up a brand-new vehicle. But this isn’t the only option you should consider. A new car’s value plummets the minute you drive it off the dealership’s lot, and you may be able to find a suitable used vehicle for a much better price.

Consider looking at used cars, and you may be surprised to find a nearly-new make and model of your dreams.

5. Do your due diligence

Check any car over before buying to make sure it’s roadworthy. If you don’t know what you should be looking for, take a knowledgeable friend or car mechanic with you to be sure.

Check the tyres, oil, engine, mileage, brakes, MOT history, and ensure all functions and features are in full working order. It’s also worth finding out if the vehicle has been in previous accidents or if there have been modifications or repair work that could affect it further down the line.

6. Take the car for a test drive

Most dealerships will allow you to drive the car before you buy it, allowing you a bit of time to get familiar with the handling. When going on a test drive, listen out for any noises that don’t sound right (any banging, hissing or screeching) and test out the speed (when the speed limit allows) that could bring underlying issues to the surface.

7. Negotiate the price

Whether you’re buying a new or used vehicle, the price is almost always negotiable. You may be able to save thousands of pounds if you haggle. Don’t be afraid to question the price. Most dealerships actually expect you to negotiate.

Even if there isn’t much wiggle room on the price, there’s no harm in asking. In fact, the dealer may be prepared to throw in some extras to sweeten the deal, such as free car mats or roadside assistance coverage.

8. Read through the paperwork carefully

Most car agreements are binding, which means that once you sign, there is little you can do to change the terms and conditions. That’s why it’s worth spending a few minutes reading through the contract carefully. If you aren’t sure what something means, don’t be afraid to ask the dealer for clarity.

You should also ensure that the logbook (V5C), service record and car manual comes with the vehicle as well as any spare tyres and keys.

10. Enjoy the process

Owning your first car is a big milestone to reach. Even though the process of buying a car can be overwhelming, the more planning you do beforehand, the easier it will be. With competitive financing rates and hundreds of great cars to choose from, your options have never been better. Car ownership is rewarding, and once you’ve secured reliable financing, hitting the open roads in your new ride will be that much sweeter.

Financing for your first car

Ready to take the plunge on buying your first car? At My Car Credit, we make the car financing process easy, seamless and hassle-free for first-time car buyers across the UK. Our team of financing experts will walk you through every step of the process to ensure you feel informed and confident with your transaction.

Whatever car you’re looking for, we can help you break up the cost into bitesize pieces. Calculate car finance and apply online or call us on 01246 458 810 to see how we can help you.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Buying a Used Car on Finance to Avoid Public Transport

man on public transport wearing a mask thinking of buying a car on finance

As different parts of the UK begin to emerge from lockdown, those who cannot operate remotely are now being encouraged to return to their workplace. At the same time, social distancing remains a key way to limit the spread of the virus.

This has created a conundrum for those who rely on public transport to get from A to B. The Department for Transport has admitted that physical distancing on buses and trains may be all but impossible. This has fuelled fears that those who use it may be putting themselves and others at risk.

What can be done to ensure you comply with government guidelines as much as possible, without sacrificing your livelihood? Buying a used car on finance could be the perfect compromise.

Public transport comes with potential risk

The chances of contracting coronavirus just by walking past someone who has it are relatively remote. However, the chances rise the longer that you remain in close quarters with other people. On busy buses and trains, keeping an adequate distance of two metres from others is not feasible. This can result in many people being caught between a rock and a hard place when it comes to returning to work.

For that reason, the government has advised using public transport only as a last resort. Official advice recommends walking or cycling for all or part of the journey if possible. In addition, travelling at off-peak hours and using stations and routes which are less frequently populated by others can help. Of course, for those working in a major city on a standard 9 to 5 schedule, following those options could be inconvenient at best and impossible at worst.

That’s especially true if long distances must be covered or if your town or city is not conducive towards easy bicycle riding. Fortunately, there is another way to get around the problem – by acquiring your own vehicle. This has the benefit of bypassing close contact with other individuals altogether.

Car finance to the rescue

Given that the coronavirus pandemic has brought with it an equally concerning economic crisis, making a large purchase might be the last thing on your mind right now. However, the health benefits of owning and driving your own car should be not taken lightly. When managed using appropriate car finance, you may be surprised to discover that buying a car is nowhere near as complicated or onerous as you might have previously imagined.

At My Car Credit, we pride ourselves on treating all applicants equally and fairly. Regardless of your circumstances and financial history, we consider all applications and deliver a decision within minutes. Our application process has also been designed with the end user in mind. This means the entire experience is made as simplistic and stress-free as possible.

We are in the privileged position, as an established credit broker with the largest panel of lenders, to find you the most favourable deals on the market. We can even help you to locate the car of your dreams through our extensive network of dealerships all across the country. To find out more about our services, or to start the ball rolling on your next car purchase today, simply use our car finance calculator and apply online. We’re waiting to hear from you!

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Distance Selling Regulations When Buying a Car During COVID-19

customer buying a car remotely during covid-19

As Britain begins to emerge from two months of strict quarantine measures, those living in England are now being encouraged to return to work if they cannot do so at home. The rest of the UK is expected to follow suit in the upcoming weeks. However, the government is still stressing the importance of social distancing and has advised the use of public transport only as a last resort.

As a result, many concerned individuals are looking into the possibility of purchasing a car to enable them to travel to and from their place of work safely and efficiently. Whilst car showrooms have, as of 1st June 2020, been given the go ahead to open their doors, there are still strict guidelines around how this should be done safely. Whilst dealerships will be busy implementing safety measures, you may prefer not to visit a dealership just yet. However, this doesn’t mean that you can’t purchase your next car!

As of the 13th May, 2020, the government has clarified on its own website that car dealerships can now operate “distance selling”. This means that instead of visiting the showroom, selecting a car and even taking it for a test drive, customers can now “click and collect”, completing the entire transaction online. In this post, we’ll take a closer look at how distance selling regulations work when buying your car.

A digital migration

The online marketplace has been encroaching upon the physical one for many years now. High street stores have been closing in their droves and bricks-and-mortar banks are gradually being phased out by their virtual equivalents. But there are some commodities that are more suited towards a physical visit. Car showrooms, where the product is literally test driven before the purchase is completed, is one such place of business.

However, the outbreak of COVID-19 has forced companies working in all different industries to readjust their way of working. Car showrooms are likely to remain out of bounds for the foreseeable future, but demand for cars has picked up once again, with one dealership chief executive stating that online enquiries for new car purchases had returned to the levels usually expected at this time of year. With that in mind, distance selling is a compromise that benefits everyone.

Instead of visiting the premises, interested buyers can check out the range of vehicles available online, perusing the showroom from the comfort of their own home. They can access information about any car’s vital statistics and call up the dealership to enquire further. Many dealerships are now providing in-depth video walk-arounds of the car, even doing this live so that customers can ask questions there and then. When they have settled upon the car they would like to buy, it’s then simply a case of making a deposit payment online or over the phone to secure the vehicle.

Should the customer opt to fund their car using My Car Credit, many of our lenders will provide a safe and secure e-Sign facility. This allows the customer to complete all of the paperwork without ever needing to visit the dealership.

The two parties can then arrange for the car either to be delivered to the buyer’s home or for the buyer to visit the showroom and pick it up onsite. In the latter case, the buyer cannot enter the showroom, but must complete the handover and the relevant paperwork in the dealership’s forecourt. This must all be whilst complying with all relevant social distancing and hygienic standards.

Buyer security

For those who are wary about making high-value transactions online, there is an understandable degree of concern about the safety and security of doing so. Fortunately, those concerns are addressed in a piece of government legislation called The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013. Distance selling of automobiles has already been legal for several years, but only due to coronavirus is it becoming more prevalent.

Those regulations entitle the buyer to all of the normal rights they would expect when completing the purchase onsite, with a few significant differences. The main one regards the right to reject. With a conventional sale, the buyer is protected under the Consumer Rights Act 2015 and is allowed to reject the item within 30 days of completing the purchase, but only when their rejection is based upon solid reasoning. This reasoning could be, for example, that the car is faulty in some way. The dealer would then be under obligation to prove that the fault did not exist at the time of the sale. Failure to do so would result in them being forced to refund the sale in full.

A distance sale, by contrast, only gives the buyer a 14-day window of opportunity within which they can cancel the sale – but unlike a conventional transaction, they do not need to provide any reason for their change of mind whatsoever. This gives the buyer much more leeway in the decision-making process, since they are free to change their mind within two weeks of buying the car and do not have to worry about proving whether the product was faulty or not before the purchase.

For reference, the 14-day window begins as soon as the dealer has handed over both the vehicle itself and the written confirmation of the sale. Failure to transfer this latter component – either by email or in physical form when the car is dropped off or collected – could mean that the buyer is within their rights to return the car for a refund within a maximum of one year after the purchase.

Sourcing appropriate car financing

While the government’s green light for distance selling during the COVID-19 crisis is good news both for dealerships and those looking to buy, many people are still adversely impacted by the economic fallout of the pandemic. Funding any major purchase is a tall order right now, which is where car financing comes into its own.

Since 2015, My Car Credit has been helping drivers to finance the purchase of their next car through our efficient online system and extensive range of industry contacts. As experienced credit brokers, we can find the most favourable lending terms on the market, giving you an idea of the budget available to you. We can then help you to locate your ideal motor through our network of reputable dealerships and showrooms.

The service is open to everyone, regardless of employment status and credit history, and we can deliver a decision on credit finance for your unique situation within a matter of minutes. What’s more, the whole process can be managed online or over the phone, ensuring you adhere to social distancing protocol every step of the way. To take the first step towards your new car, calculate car finance today.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Fraudulent Car Dealers: What to Watch For

The Financial Conduct Authority (FCA) recently issued a warning to the public about an expected rise in scam activity following the disruption and concerns caused by the coronavirus pandemic. It’s a time when many families and businesses are worrying about job and income security – which unfortunately makes for an ideal time for fraudsters to strike.

These uncertain economic times increase the potential for motorists to fall foul of fraudulent car dealers, or simply dealers whose businesses have become financially unstable. To help protect yourself – and your money – here are a few red flags to watch out for.

The basics of fraudulent car dealers

Due to COVID-19 and its financial pressure, there have been a number of businesses that have collapsed. This pandemic has shown us that no business is immune to financial strain. Right now, there is a higher risk of car dealerships going out of business once deposits have been paid.

Unfortunately, when you’re looking to purchase a vehicle during this time, you will be susceptible to some fraudulent dealers who are just looking to take your cash and run with it. It is up to you to ensure that you are working with reputable, trustworthy and financially stable dealers.

Red flags to look out for:

• It sounds too good to be true. If you are considering a bargain deal – even in this unprecedented time – consider if it’s too good to be true. Whether it’s a car with only 15,000 miles on the clock or a new vehicle priced at half its value, you should always err on the side of caution.

• It sounds complicated. Scammers will often confuse their victims with industry jargon to sway them into agreeing to a price and a vehicle. If your car dealer doesn’t take the time to talk through agreements and acronyms, it’s time to find a different dealer.

• Used car dealers masquerading as a private seller. Some used car dealers pretend to be private sellers to avoid regulations. If you’re going to buy a used vehicle, do plenty of due diligence on the dealer’s business status and business address. Where possible, buy a nearly-new vehicle so that if there are any warranty issues with the vehicle, you’ll be able to resolve them quickly.

• Little to no online presence. Can’t find the dealership online? No website or reviews for the dealer? Credible sellers want to promote their good work through a website and social media channels. If the seller has no reputation, you have no idea what they are like to do business with.

• If in doubt, report. Think that you’re onto a fraudulent car dealer? Motorists should report any scam to Action Fraud for further investigation. Doing so could help other people like you from being conned out of their hard-earned money.

How My Car Credit can help

At My Car Credit, not only do we work with motorists to find the right car financing plan for their needs and budget, but we have additional checks to ensure that our clients are protected.

• Our agents call every customer for security and identification purposes.
• We have enhanced due diligence checks to establish affordability.
• We have enhanced vulnerability checks.
• We check the suitability of every dealer on behalf of our customer.
• During the COVID-19 situation, we have changed our payout process to protect customers. We now do not release funds to the dealer until the customer confirms they have taken delivery of the vehicle.

Get started

At My Car Credit, we help you through every step of our safe and hassle-free car finance process. For an instant quote, and to see what car finance plan you can be eligible for, please use our simple car finance calculator. Contact us today on 01246 458 810 or emails us at enquiries@mycarcredit.co.uk to get started!

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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7 of the Best Cars for £3000 and Under in 2020

front of vw polo bought for 3000 and under

Just because you need to replace your car doesn’t mean that you have to go down the brand new, showroom-fresh route. You can buy almost any car imaginable in the used car market and – depending on the condition of the car – it can last you for several years to come. Although car ownership might sound expensive, there are plenty of affordable options. If you’re on a shoestring budget looking for a reliable vehicle, take a look at some of the best cars for £3000.

Top cars for £3000

1. Suzuki Celerio

The Suzuki Celerio is one of the cheapest cars on the market that you can purchase new from around £5,000. If you have a strict £3,000 budget, look for older models that feature the compact 1.0-litre engine. Not only does this make the car cheap to insure and tax, but you can enjoy a basic budget car that is ideal for town or city driving.

2. Dacia Duster

The budget Dacia Duster has always been a bargain. Costing a mere £10,000 new for a family-sized SUV, older versions (pre-2015) can be had for under £3,000. However, make sure you find one with a decent spec as the basic models don’t even have a stereo or speakers.

Dusters are known for their rough-and-ready build quality. The interior is built to last, and there are roof walls which are ideal for when you need to lug around extra kit. There doesn’t tend to be many reliability problems with the Duster and it’s a great choice for travelling long distances. Most Dusters are 2WD, but there are 4WD options if needed, naturally costing a little extra.

If you want to stick to your budget without compromising on family road trips, the Duster is a great way to go.

3. Peugeot 407 SW

Need a bit more space than what a Duster can offer? It may be an older model, but the Peugeot 407 SW estate is a vehicle large enough to haul all the kids and their luggage – and then some more! It’s a proper and practical family car with a no-nonsense approach.

To keep to your £3,000 budget, you may need to look for 2.0-litre models with over 50,000 miles on the clock. But fear not, these tend to be great wearing cars that are built to last. When test driving the car, listen for rough sounds coming from the engine. As always, check the paperwork thoroughly before committing to the purchase.

4. Mazda MX-5

The Mazda MX-5 is arguably one of the top affordable sports cars on the market. It certainly tops the best-selling charts, with around one million bought in the past 30 years. It’s also incredibly affordable on the used market. The open-top fun, exciting handling and jazzy colours offer plenty of style without having to part with too much cash.

Look out for a 2005/06 registration with a 1.8-litre to give you the best used vehicle for your money. When testing out the used vehicle, make sure to check that the soft-top operates smoothly as the plastic gears can wear unevenly.

5. Ford Fiesta

Known as one of Britain’s best-selling cars, the Ford Fiesta makes for an affordable vehicle to buy, run, tax and insure. If you don’t mind a higher-mileage vehicle, then you can get a sixth-generation Fiesta for your budget.

Ford redefined the supermini segment when it released the sixth generation of Fiesta (2008 onwards), and you can find a range of economical engines on the second-hand market. The award-winning vehicle also features low running costs, a fun driving experience and excellent practicality.

If you’re looking for a familiar vehicle that fits within your budget, keep an eye out for older models of the Ford Fiesta.

6. Volkswagen Polo

Logic dictates that if a Ford Fiesta is included in this list, then the VW Polo must also be considered. Another one of the nation’s best-selling cars can be found within your budget. Your £3,000 will get you a decent fourth generation (2002-2009) VW Polo, and you’ll most likely be looking at a well-maintained 1.2 or 1.4-litre engine.

The Polo’s reasonable running costs, easy handling and excellent German build quality make for a genuine bargain on the used car market.

7. BMW 3 Series

Believe it or not, but £3,000 can land you one of the finest all-round driving machines – the BMW 3 Series. Your budget will limit you to around the fourth generation, which was built between 1998 and 2006. Whichever trim and engine you go for, you’ll get to enjoy a great ride and lots of style.

Finding a used vehicle

It goes without saying that an inspection and test drive is a must, especially for cars that are older and have significant mileage. Keep in mind that the average Brit drives 10-12,000 miles per year, so look for a used car that has done less than that compared to their age.

With used vehicles, it’s essential to find one that has a full service history, complete MOT certificates, maintenance receipts and the correct V5C paperwork. A car without these documents could indicate that the owner/s did not take proper care of the vehicle. Generally, the cleaner the service history, the better shape the vehicle will be in.

Make sure you assess the number of car owners as more than two previous owners can sometimes be problematic. It can suggest that there is an ongoing issue with the car that the driver does not want to address or is financially unable to do so.

Finance your next vehicle

Finding and purchasing your next vehicle doesn’t have to be difficult. At My Car Credit, we provide affordable car financing options for everyone.

For an instant quote, and to see what car finance plan you can be eligible for, take a look at our simple car finance calculator. Our friendly agents walk you through the car financing process so that your car-buying experience is hassle-free and easy.

For more information, call us on 01246 458 810 or email us at enquiries@mycarcredit.co.uk.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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What is a Balloon Payment on a Car Loan?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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When the Q5 was first launched just over a decade ago, Audi were trailing some way behind rivals BMW and Land Rover in the SUV sector. However, the Q5 changed all that. It went on to smash all its targets, becoming the best-selling option on the European market for several years in a row.

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Do you need to upgrade your car? Or perhaps you’re looking to make your first purchase? While car ownership might seem like an expensive proposition, you can bag yourself a bargain for under £5000 if you know where to look.

Top cars for £5000

1. Vauxhall Corsa

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5. Suzuki Grand Vitara

6. Volkswagen EOS

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Tracking down your budget buy

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1. Assess your needs