What is the Cheapest Month to Buy a Car?

White car driven at night

When it comes to securing either a new or nearly-new vehicle, one thing’s for certain – doing your homework can help you to find a financially attractive deal. That includes researching the most cost-efficient time to buy. So, what is the cheapest month to buy a car? Let’s take a look…

What is the cheapest month to buy a car? – Used vs. new cars

If you’re looking to bag a brand-new car, look to the annual sales peaks of March and September, as this is when car registration plates change.

Dealerships work to quarterly sales targets, meaning the end of March, June, September, and December can be good times to head in for both new and used cars, as you’ll likely be able to negotiate a great deal from associates looking to hit their personal and business targets. Avoid the following months, as targets will typically have already been met, meaning sales associates have less impetus to negotiate.

Ideally, head into dealers in February and August. As the months preceding the sales peaks and quarterly targets, there may be great deals on offer in anticipation of both. Plus, by heading in with time, you’re allowing yourself the chance to shop around and negotiate without time constraints.

It’s slightly more complicated when it comes to finding the cheapest month to buy a used car. The following advice is pertinent for those seeking nearly-new and used cars.

When’s the best time to buy a used car – factors to consider

Registration plates changeover

As detailed above, registration plates change in March and September. Dealers will be experiencing an intake of company and privately-owned cars returned for the newest models, which they’re likely to want to shift off their forecourts. As such, salespeople might be more flexible with accepting lower prices in an attempt to move this stock of nearly-new and used vehicles on.

Think about timings

The summer and the end of the year are quieter times for used car dealerships, as people opt to spend their money on holidays. You may be able to take advantage of lucrative deals to secure a used vehicle at these times – in fact, dealers may already have advertised discounts to draw in buyers. Bank holidays like Boxing Day and Easter Monday can often have attractive sale events, so keep your eyes peeled for these.

Consider seasonality of vehicles, too – you can look for 4x4s in the spring and summer months, when there’s less demand, and convertibles in the autumn and winter.

Take into account that most individuals get paid at the end of a month, meaning that the beginning of the following month will be less busy for dealers, who’ve benefitted from this scheduling and consequent purchasing. Avoid busier days like weekends, and hit dealerships mid-week if you can. You may find that Friday afternoons are the best time to hit dealerships, as salespeople may be looking to make weekly targets. 

Find your right car with My Car Credit

Whatever the make or model of vehicle you’re looking for, car finance can help to make the purchase more affordable. Fill in our online form to get a car loan quote and get one step further towards finding your next car, or contact us on enquiries@mycarcredit.co.uk today.

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Is It Smart to Finance a Used Car?

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Before beginning your search for a car, it’s important to establish whether you want or need a brand-new vehicle. Being a car’s first owner might be appealing in many ways, but don’t forget that vehicles depreciate in value as soon as they leave the forecourt. So, whilst there are ways of securing car finance on new vehicles, you may find yourself wondering, “is it smart to finance a used car?”

Why finance a used car?

Used cars will cost less than new ones. Any car finance agreement for a used vehicle will therefore have lower monthly repayments and shorter terms than car finance for new vehicles. As such, if your credit rating is poor, you’re more likely to secure car finance on a used car compared to a new one, because the repayments are lower, so lenders will see the deal as less risky.

What’s more, car finance providers are becoming more flexible with the kinds of car finance deals available on used cars. From PCP to Hire Purchase, there are many different options available, and some providers will now also allow you to lease a used vehicle.

So, is it smart to finance a used car?

If saving money is your priority, or if your credit score is low, then it’s smart to finance a used car. Because the vehicle is used rather than brand new, any car finance agreement will have lower monthly repayments and shorter deals as a result.

You can use My Car Credit’s car finance calculator to get a sense of the kind of agreements that are within your reach. Alternatively, contact us on enquiries@mycarcredit.co.uk to find out how we can help you secure a great finance term on your used vehicle.

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

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Can You Pre-Order a Car?

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According to a recent report by cars.com, some 41% of surveyed shoppers plan to pre-order their next vehicle. With the rise in digital shopping habits, automakers are streamlining the process of pre-ordering cars, allowing customers to pre-order and purchase vehicles according to their preferences. In fact, Tesla has been enabling customers to pre-order their vehicles online for years, with wait times of over a year not uncommon.

There are benefits to pre-ordering a car, but there can also be some drawbacks, too, as this article will outline.

Why pre-order a car?

When you pre-order a car, you’ll be doing so via a dealer, and will be able to customise your choice of vehicle according to the make and model, as well as specifying any accessories or trim that you want.

This has the advantage of making you less likely to pay for features that you don’t want in your car, which might result in some serious savings for you. It also means that you’re getting exactly what you want in your new wheels.

Depending on the dealer, you’ll typically put down a deposit – this can either be a partial amount or in-full. Once your pre-ordered vehicle is ready, it will be delivered to the dealer – or even sometimes to a location of your choosing – for you to collect.

Similarly, thanks to endlessly improving technology, the process of pre-ordering a car can save you significant time and effort. You don’t have to shop around, and can streamline and refine your search. Manufacturer websites are designed to make the process as appealing and interactive as possible, helping you to visualise what you want and specify what you don’t.

What are the drawbacks?

Whilst it may sound like pre-ordering a car has serious appeal, there are potential drawbacks.

Many brands like Ford and BMW allow you to pre-order a vehicle, but not all of them do. You could then be waiting for an extended period of time – even years – for your new vehicle to appear. If you’re waiting to trade in your current car in the meantime, it may well depreciate in value as a result of this wait.

It’s always worth establishing whether any deposit that you may put down on a pre-ordered vehicle is refundable if you should change your mind. Similarly, whilst you may be able to secure dealer finance on a pre-ordered car, you won’t be able to take advantage of various alternative car finance deals, which can leave you vulnerable to limited interest rates and overall terms.

Hit the road with car finance

If you’re looking for a fresh set of wheels and don’t want to wait for the long turnarounds of pre-ordered cars, you can still take advantage of a suite of modern makes and models. Plus, you’ll be able to make the most of a car finance calculator to gauge what kind of finance agreement you can take out to pay for the car too.

My Car Credit can help with this – contact us on enquiries@mycarcredit.co.uk to find out how.

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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.

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Is car finance easier to get than a loan?

Woman driving at sunset

Car finance, personal loans – when it comes to purchasing a car, there are a number of ways that you can finance it. But is car finance easier to get than a loan, and how do these agreements differ? In this article, we’ll provide answers to all these questions, helping you to get in the driver’s seat (literally and metaphorically)!

Car finance vs. a loan – what’s the difference?

First up, you need to understand the difference between a loan and car finance. A personal loan involves borrowing money from a bank or other financial institution. You’ll typically repay this over a pre-determined series of monthly instalments (plus interest). Meanwhile, a car loan is a type of personal loan, but is for the specific use of purchasing a vehicle (as the name suggests).

Car finance is when either a financial institution or lender gives you a loan to finance your car. You’ll then pay this loan off with a series of monthly instalments (plus interest).

There are various different kinds of car finance. The right kind of car finance will vary between drivers, all of whom have different needs and preferences – for example, whether or not you want to be the vehicle’s owner, whether you can manage mileage and other caps, whether the agreement is secured, and the length of finance term and interest rate that you may face.

There’s a real difference between these types of car finance, but the two most popular are HP (hire purchase) and PCP (personal contract purchase).

Car finance vs. a loan – which is easier to secure?

A personal loan

There are advantages to funding a car with a car or personal loan. If you choose to do so, you’ll be seen as a cash buyer by a dealer, meaning you’re unlikely to face a deposit or any balloon payments. Unlike certain car finance agreements, personal loans are unsecured, meaning that you don’t have to put up any assets in order to secure them. With a personal loan, you’ll also be the legal owner of the vehicle, meaning that you can sell it whenever suits you.

When it comes to personal loans, it may be tempting to opt for longer repayment schedules, but be aware that this does mean you’re going to be paying higher interest costs overall as a result. It’s important to be reasonable in establishing your loan period, keeping monthly payments affordable whilst sticking to the shortest loan term you can get.

Whilst you can secure personal loans from a variety of banks and institutions, the sheer availability of loans might make shopping around to find the best one for you feel overwhelming. Typically, online car finance providers like My Car Credit will be able to do that work for you, providing a no-obligation quote that takes account of your needs and circumstances in mere minutes.

Be aware that personal (or car) loans will be credit score-contingent. Applicants with higher credit scores are going to be favoured more, and there’ll be less chance of securing a loan if your credit score is poor. For those of you who sit in this category and are looking for ways to finance a car, it’s likely to be easier to secure car finance than a loan.

Car finance

So, is car finance easier to get than a loan? Depending on your credit score, it may be easier to secure car finance than a personal loan. Many car finance providers like My Car Credit can help you to find car finance even with a poor credit rating, and initial credit checks tend to be soft searches – unlike with a personal loan.

The process of finding and securing car finance is also significantly quicker than when trying to locate a personal loan. Online application processes make your search quick and easy. They’ll also provide you with an almost immediate sense of the kind of finance term you may be eligible for.

Bear in mind, too, that because car finance is often a secured loan – meaning that the car is used as collateral – it can be easier to get than a personal loan. However, usually you will have to pay a deposit (typically around 10%), and if you fail to make your repayments in a timely manner, you’ll lose the car.

Start your car finance journey today

If you’re looking for an easy, flexible and affordable way to purchase a vehicle, get in contact with My Car Credit today on enquiries@mycarcredit.co.uk. We can discuss your car finance needs and help you find an agreement that suits you.

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£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£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.
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Should I Buy a MINI Cooper?

Mini driving down a country road

With its boxy silhouette, signature “go-kart” handling and undeniable charm, the MINI Cooper is a British icon. The model is one of the best-selling cars of all time and has been driven by a slew of celebrities over the decades, from Kate Moss and Twiggy to George Harrison and Mr Bean.

There’s no denying the popularity of the model, which first hit roads in the 1960s and hasn’t looked back since. So, should I buy a MINI Cooper? Here’s a few reasons why we think the MINI Cooper is a solid choice.

Why we love the MINI Cooper

There’s plenty to love about the MINI Cooper, with some of our favourite perks listed below:

All about fun

If you’re the kind of driver that likes to have a good time behind the wheel, you’ll love the MINI Cooper. Fun is at the heart of the beloved British brand, and the MINI Cooper has a certain charisma that you just don’t see in other models. While some models offer drivers a certain kind of status, the MINI Cooper is more about community. It rejects long-established class barriers and instead appeals to drivers from all walks of life. This is why you’ll see everyone from rock stars and supermodels to everyday Brits behind the wheels of MINI Coopers.

“Soon enough, people began to recognize that the MINI was not merely a car. The unique combination of classic British style in a low-cost, small size, fun and nimble package came to symbolize independence and spontaneity. The very essence of the youthful 1960s culture,” reads the MINI website.

For a serious injection of fun, consider models like the MINI Convertible. This soft-top model is perfect for cruising around in the summer. Head to the seaside for bucket-and-spade fun or glide along country roads with the wind in your hair. When the weather cools down, simply put up the roof, crank up the heating and enjoy a cosy cockpit.

Eye-catching aesthetics

The compact design of the MINI Cooper was initially designed to meet the needs of post-war Britain. Today, the boxy silhouette is nothing short of iconic. This distinctive design means that when you zip around in a MINI Cooper, everybody knows about it. Unlike a regular sedan or hatchback, there’s nothing quite like the MINI Cooper on British roads.

Surprisingly spacious

Unlike other models that are just finding their feet, the MINI Cooper is more than 50 years in the making. This means the brand has had decades to refine the design. It may look compact on the outside but on the inside, you’ll be blown away by the space. In fact, many tall drivers maintain it’s one of the most comfortable cars to drive!

Parking is a breeze

When it comes to parking, the MINI Cooper is a pleasure to park. Whether you’re sliding into a tight parallel space in Central London or backing into a spot at your local Tesco, you’ll be amazed at how easy it is to park a MINI Cooper.

All-electric options

The EV revolution is here and MINI is onboard. Sales for the fully electric MINI Cooper SE almost doubled in 2021. This makes the fully-electric model one of the most popular in the MINI range.

“The excellent overall result and the fact that every tenth new MINI is fully electric show that our strategy for the future is setting the right priorities,” says Bernd Korber, Head of MINI. “The MINI community is growing, and it is moving towards electromobility with great strides.”

Fuel efficient

As mentioned earlier, the original MINI was designed to help Brits tighten their belts following the economic impact of WWII. The Suez Crisis triggered a spike in petrol prices, which put fuel efficiency front of mind when designing the MINI Cooper. The model continues to offer the same excellent mileage, with the latest MINI Cooper S 5-Door Hatch promising 45.6 mpg. Plain and simple, the compact design of the MINI Cooper means you’ll use less petrol and enjoy big savings at the forecourt.

Affordable

Back in the 1950s, renowned auto designer Alec Issigonis was commissioned to create a small car that met the budgets of most Brits. In the 1960s, British racing star John Cooper revamped the design. He supercharged power and performance, without pushing up the price.

Today, not much has changed. The MINI Cooper continues to boast a surprisingly affordable price tag, considering its grand legacy. Buy new and you can expect to pay around £22,500 for a three-door MINI and £23,200 for a five-door model.

Tips to get behind the wheel of a MINI Cooper faster

Despite affordable pricing, not too many Brits can afford to drop £20,000+ on a new MINI Cooper. But not to worry, there are still ways to get into the driver’s seat. Here’s how:

Consider a pre-owned MINI Cooper

The MINI Cooper has been around since the 1960s, which means there are plenty of second-hand options to choose from. Buying second-hand can be a fantastic way to secure the keys to a MINI Cooper, without the showroom price tag.

Pro tip: Use platforms like My Car Search to browse pre-owned MINI Coopers and get an idea for what’s available. We carefully vet all sellers for status with the Financial Conduct Authority (FCA), which means you can buy second-hand with absolute peace of mind.

Take advantage of car finance

Whether you’re shopping for a new MINI Cooper or a pre-loved model, car finance can help you get behind the wheel faster. Instead of coughing up all at once, car finance allows you to spread out your payments over several years.

Discover car finance for your own MINI Cooper

Wondering how much you can borrow? Use our car loan APR estimator to crunch your numbers and learn more about what to expect from your payment plan. This ‘soft search’ won’t leave a permanent mark on your credit score, making it the best way to calculate how much you can borrow.

Want to know more about car finance? Get in touch with a friendly team member today to chat about your options and accelerate your MINI Cooper dream.

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What are the Best Cars for Students in 2023?

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£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£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.
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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!

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Should I Buy an Audi?

Bonnet of an Audi
When it comes to prestige, it’s hard to compete with Audi. The German automotive manufacturer is synonymous with luxury and has been producing high-end vehicles since 1909. For most people, the answer to “should I buy an Audi” is a resounding “yes”. Of course, there are several factors to consider when shopping for a new car, including important things like budget, lifestyle and personal preferences.

So, if you’re asking, “should I buy an Audi”, read on as we explore some of the reasons why we love Audi, as well as some tips to help you get behind the wheel of a luxury vehicle faster.

“Should I buy an Audi?” – Key benefits to consider

Sleek silhouettes

From the athletic lines of the A7 Sportback to the streamlined curves of the A5 Cabriolet and the elegant exterior of the S5 Coupé, Audi has mastered the art of sleek silhouettes. If you’re looking for a car that delivers on sex appeal, you can’t go wrong with Audi. Even practical and family-friendly models, like the S6 Avant, elevate the classic estate silhouette to the next level with sporty lines, slanted rear windows and a slick front spoiler.

More than a century of expertise

Audi has been manufacturing luxury vehicles since 1909. This means when you get into the driver’s seat of an Audi, you’re taking advantage of more than a century of expertise. If you’re wondering “should I buy an Audi”, 100+ years of experience should help justify your decision.

Unparalleled luxury

Yes, there’s no denying the appeal of bestsellers like the Vauxhall Corsa, Nissan Qashqai and Kia Sportage. But for a next-level driving experience, Audi leaves these models in the dust. Whatever model takes your fancy, you can be sure it’s packed with luxury features.

“So, should I buy an Audi like the A3 Sportback?” As well as incredible performance capabilities and best-in-class safety features, Audi treats drivers to luxe interiors and state-of-the-art technology. Take the best-selling Audi A3 Sportback, for example. Depending on which trim level you choose, expect to see opulent features like a stitched dashboard, leatherette armrests, built-in LED vanity mirrors, birch wood inlays and an immersive Bang & Olufsen Sound System. Advanced driver assistance technology and GPS navigation systems make getting from A to B an absolute pleasure.

Exclusivity

Set to hit the market in September, the updated Audi RS4 Competition sets a new standard for luxury. “Should I buy an Audi with limited edition status?” Well, the RS4 is packed with performance-enhancing features, including a sports exhaust, 20-inch alloy wheels, coilover suspension and a sleek carbon matte finish on the mirror casings, air intakes and front and rear splitters. Under the hood, updated transmission software boosts power and allows the 2.9-litre V6 petrol engine to accelerate from 0-62 mph in just 3.9 seconds.

In a recent announcement, Audi confirmed that just 75 of the exclusive new Audi RS4 Competitions will be available in the UK. Keeping production numbers low allows Audi to maintain its aura of exclusivity. The models will be priced at just over £84,000, putting them well into the ‘luxury’ price range. Audi UK director Andrew Doyle says the model is “track focused” and designed to offer drivers a race-inspired experience. 

“As the successor to the seminal RS 2 Avant, which rewrote the rule book for the traditional estate car, the RS 4 has been a milestone model in our range for well over two decades,” says Doyle. “With every evolutionary step over the years, it has cemented our eminent position in the segment even more firmly, and this new Competition version with its elevated performance and exclusivity definitely continues that trend.”

All-electric options

Electric cars are the transport of the future and Audi has raised the bar when it comes to EV technology. The manufacturer is on-track to be 100% CO₂ neutral by 2050 and currently offers an impressive range of fully electric and plug-in hybrid models.

“Should I buy an Audi EV?” If you’re looking for a fully electric car, you’ll love the e-tron range, powered by battery-run motors. With a range of 200 – 320⁴ for the Sportback and 195 – 314⁴ miles for the SUV, the Audi Q4 e-tron delivers on performance and eco credentials. If you want options, Audi’s plug-in hybrid vehicles combine a traditional combustion engine with an electric motor. There are some great grants and incentives currently available in the UK, which makes getting behind the wheel of an electric Audi more attainable than ever.

How to get behind the wheel of an Audi faster

Audis are unapologetically luxurious and come with a price tag to match. Understandably, not all motorists can afford to purchase a new Audi outright. But that doesn’t mean it’s not possible to secure the keys to a luxury Sportback or e-tron. Below, we cover some expert tips to help you get behind the wheel of an Audi, without breaking the bank.   

Consider a pre-owned Audi

There’s plenty to love about owning an Audi. But one thing’s for sure, these luxury vehicles come at a cost. If you love the idea of driving an Audi but don’t have the budget to splurge on a new vehicle, buying second-hand can be a great option.

Are you asking yourself, “should I buy an Audi second hand?” Well, with a good amount of research and access to platforms like My Car Search, it’s easy to track down a pre-owned Audi in showroom-worthy condition. All dealers are carefully vetted for status with the Financial Conduct Authority (FCA). This means you can buy a pre-owned Audi with total peace of mind.

Take advantage of car finance

Whether you’re buying new or used, car finance is a fantastic way to absorb the cost of an Audi. Instead of purchasing the vehicle outright, car finance allows you to spread payments over several years. This mitigates the financial stress of purchasing a new car outright.

Find affordable car financing through My Car Credit

Thinking of buying an Audi? Use our car loan approval calculator to crunch the numbers and see how far your budget can take you.

Alternatively, if you have any further questions about our services, get in touch with our friendly team today.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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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.

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What is the Best Way to Finance a New Car?

Red headed lady on laptop looking for the best way to finance a car

What’s the best way to finance a new car? If you don’t quite have the funds to buy a new car outright, you’ll be asking yourself this very question. In truth, there are several options, so it’s important to find the one that’s best for you.

Read on as we look at four of the best ways to fund your big purchase. But first…

Why would you finance a new car?

Whether it’s the fresh smell of the interior or the flawless touch of the steering wheel for the first time – nothing beats that new car feeling. While the most obvious way to pay for a new car is using your savings, not all of us have all of the funds needed up front.

Even for those who do have some savings put aside, it’s not always the best route. You might prefer to keep your savings for a rainy day and pay for the car gradually over time. That’s where car finance comes in. Financing a new car essentially means borrowing money so you’re able to afford a new car, then paying it back once you’ve got your new wheels.

Popular ways to finance a new car

Whether it’s brand new or just new to you, there are actually a number of ways to afford a new car. Here are some of the most popular:

1.    Bank loan

When you need money, it’s only logical that many people’s first stop is the bank. While it works for some people, this option could be a bit too long-winded for some of the more eager drivers out there.

After a face-to-face meeting to discuss your loan, the bank will ask for seemingly endless documents to get your application sorted. They’ll also perform a full credit check, which could damage your credit score.

2.    Car finance through the dealership

Another option is to get car finance directly through a dealership, which has two possibilities:

  • Hire purchase – After paying a deposit of typically around 10%, you’ll make monthly repayments until the car has been fully paid off.
  • Personal contract purchase – Alternatively, you can pay lower monthly instalments, leaving a final (larger) balloon payment at the end of the contract.

On the face of it, this seems very convenient. After all, you’d only have to make one stop when you’re buying your new car. However, like a bank, many of these dealerships will also do a hard credit check, which could put a dent in your credit score.

On top of that, because you’re borrowing directly from the dealership, the car isn’t technically yours until the full loan is repaid. For some, that can put a serious blemish on the ‘new car feeling’. In some cases, dealerships will also enforce an annual mileage limit or stop you making any modifications to your vehicle as you don’t technically own it.

3.    Personal loan

Maybe you know someone who’s got a bit of spare cash, that could help you afford a new car. This option has clear advantages. Borrowing off a friend or family member usually means no interest – and even the most scrupulous relative or friend isn’t likely to perform a hard credit check.

However, ask anyone who’s gone down this route, and they’ll likely warn you off. Aside from feeling like a burden, borrowing off someone you know means you’ll constantly be in their debt. Enjoy giving them lifts everywhere…

If you’re ever late in paying or can’t repay them, you could even see your relationship ruined completely. It’s just not worth it when there are other ways to finance a new car.

4.    Online car finance

One of the best ways to finance a new car is with online car finance. You can arrange your car finance before you’ve even found your car, then simply choose the car you want from any car dealer. Rather than borrowing directly from the dealer and paying them off gradually, the money will be transferred immediately to them so your car is completely yours the day you buy it.

There’s no hard credit check, meaning no impact on your credit score – and there’s much more flexibility for applicants with poor credit scores, who might be rejected by banks or car dealerships.

Car credit made easy

At My Car Credit, we want to make it easy for drivers to be able to afford a new car. Using our online loan calculator, you can get an instant estimation for your car finance based on the price, repayment duration and a rough idea of your credit score.

Based on the result, you can then choose to apply for finance or give it a miss – there’s no obligation either way. Best of all, there’s no impact on your credit score.

If you have a poor credit history, don’t worry – we can help with a bad credit finance too. Give it a try today to take the first steps towards that new car feeling!

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My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

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  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

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  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

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  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£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.
Reviews icon
TrustPilot icon
Trustpilot

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!

Email
or call 01246 458 810