Jan24 Archives - Page 2 of 15

How Much Does a First Car Cost?

Buying your first car is exciting and it’s easy to get carried away with dreams of a luxury Land Rover, tech-packed Tesla or flashy convertible. That is until reality hits. For most young motorists, budget is a major factor when shopping for a first car. That’s why we’ve dedicated an entire post to breaking down what to expect for your first car cost.

The cost of new cars in the UK

Like any other commodity, the cost of new cars can vary enormously. Price will depend on things like the make, model and features of the car. On average, a new small car in the UK costs between £20,000 to £25,000. However, this figure climbs drastically for new cars in general, which are priced at more than £40,000 on average.

For obvious reasons, compact and fuel-efficient cars are usually the best bet for young drivers. Here are some popular new models:

Ford Fiesta – A longstanding favourite in the UK, the Ford Fiesta is zippy, reliable and excellent on fuel. New models start at around £19,000.

Volkswagen Polo – Quality construction and a focus on comfort make the VW Polo a great first car. Expect to pay around £20,000 for a new model.

Toyota Yaris – Hybrid versions of the Toyota Yaris start at about £21,000.

Kia Picanto – A budget-friendly option for new drivers, the Kia Picanto starts at around £13,000.

The cost of a used car

Buying second-hand is one of the best ways to save money when shopping for your first car. The average Brit spends just under £17,000 on a used car, but there are plenty of listings out there for much less. Here are some popular used models:

Ford Fiesta – Used versions of this zippy little bestseller can range from £5,000 to £10,000, depending on age and condition.

Volkswagen Polo – Expect to pay between £6,000 and £12,000 for a used VW Polo.

Vauxhall Corsa – Another popular choice for young drivers, used Corsas range from £5,000 to £10,000.

Fiat 500 – This stylish city car can be snapped up for between £4,000 and £8,000 if you’re happy to go pre-owned.

Extra costs to consider

Don’t forget, purchase price isn’t the only cost to factor in when budgeting for your first car. Here are some additional costs you’ll need to consider:

Insurance

Young drivers often face higher insurance premiums as they’re less experienced. On average, car insurance for a new driver can cost around £1,200 per year.

Road tax

The cost of road tax varies depending on the car’s emissions. Expect to pay between £100 and £150 annually for most small cars.

Fuel

Your fuel spend will depend on how much you drive and the fuel efficiency of the car. For reference, the average British motorist spends around £1,200 on fuel per year.

Maintenance and repairs

It’s best to set aside cash for expenses like regular servicing as well as unexpected repairs.

MOT

If your car is more than three years old, you’ll need to pay for an annual MOT test. Budget around £50 for this expense.

Unlock savings with My Car Credit

The best way to stretch your budget further? Partnering with an experienced broker. At My Car Credit, we pride ourselves on securing the best finance deals for young drivers, leaving you with more cash in your pocket.

Check out our handy online car finance calculator and start your journey to your first car today.

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

6 Advantages of Buying a Used Car

Buying a car is one of the biggest purchases you’re ever going to make. In fact, after a house, a car is the second highest expense most people face. As such, many drivers just don’t have the upfront cash to finance a new set of wheels.

In this article, we break down ways to establish your new car budget. We’ll also outline factors to consider when budgeting for a new, nearly new, or used car.

How much of your income should you spend on a new car?

As a general rule, you shouldn’t be spending more than 10-15% of your take-home pay on a new car budget, and the total expenses of your car shouldn’t be more than 20% of your take-home pay.

You can use a salary calculator to establish your take-home pay.

Factors to consider when working out your new car budget

There are a number of factors which will impact the budget you’ll have to spend on a new car.

Fuel

The MPG (miles per gallon) of a car is worth evaluating – particularly if you’re going to be using it for long journeys. Consider whether a diesel or petrol engine is best for you. Alternatively, if you’re going electric, note how long the car takes to charge up and what its total range is.

Road tax and insurance

The road tax and insurance of a vehicle varies significantly between different makes and models.

Car insurance is a legal requirement, and likely to be your biggest running expense – particularly if you’re a young driver. The road tax of your car can also be a sizeable outlay.

Maintenance and service fees

Servicing and maintenance of a car are a vital way to keep the vehicle in proper working order. But they can also be expensive, especially if unexpected accidents occur.

There are a range of different resources you can check to ascertain the reliability of a car, including Auto Express magazine’s 2020 Driver Power survey and the Which? car survey.

Make and model

We all love that new car smell. But can you afford a brand-new make and model given the depreciation that will automatically occur when you drive off the forecourt?

Alternatively, if you’re part-exchanging your vehicle for another, how much value has it held? How well does the new vehicle you’re eyeing up hold its value?

How to establish a new car budget with finance

Car finance is a great way of funding the purchase of a new or ‘new to you’ vehicle. With car finance, you break down the cost of the vehicle into affordable monthly repayments, plus interest.

There are different car finance agreements available, making it a highly flexible, accessible, and affordable way of purchasing your next set of wheels.

You can use My Car Credit’s car finance calculator to work out your new car budget. We’ll ask you to provide details like the loan amount and repayment term that would best suit you, as well as your credit rating. From there, you’ll receive a no-obligation quote for car finance in mere minutes. This quote will break down your expected monthly payments, as well as the typical rate and total payable. If you’re happy with what you see, you can apply instantly.

The process is all conducted online, and it’s simple and hassle-free. We’ve got the largest panel of lenders out of any broker in the UK, meaning you’ve got the best chance of finding a deal that works for your budget.

Once you’ve kickstarted your application, you’ll then be able to shop around for your next new, nearly new, or used set of wheels. You’ll know exactly how much you’ve got to spend, putting you in the driving seat of your search.

What’s more, we’ve even got used car finance for drivers looking to finance a ‘new to you’ vehicle. Fast and fair, we welcome all circumstances and can help you to get behind the wheel of a safe, secure second-hand car.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Best Cars to Learn to Drive In

How Much Does a First Car Cost?

6 Advantages of Buying a Used 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

budget car buying car finance Jan24 nearly new used car

Can You Fix Poor Credit?

Borrowing with poor credit can feel like an uphill battle, especially when it comes to car finance. If your credit score makes you cringe, or you’re tired of receiving those dreaded “unfortunately your request has been declined” responses to car finance applications, don’t throw in the towel just yet!

At My Car Credit, we believe everyone deserves the chance to drive their dream car, regardless of credit history. Can you fix poor credit and secure car finance? You bet! Keep reading for practical, hands-on tips on how to improve your credit score, win over lenders and accelerate towards car ownership.

Why credit scores matter

Unlike friends and family, lenders won’t take your word for it when it comes to borrowing. Instead, they use your credit score to decide how risky it is to lend you money. What is a credit score exactly? Your credit score is a number used to represent your status as a borrower. It’s influenced by factors like your payment history, the amount of debt you currently owe and how long you’ve been borrowing and repaying money.

Unsurprisingly, a good track record gets you a higher credit score. If you have a history of missed payments, high levels of debt or simply haven’t been borrowing and repaying loans for long, your score might take a hit and land you in the ‘poor credit’ category.

Steps to improve your credit score

It’s important to understand that credit scores are dynamic. This means they can go up or down, depending on your financial habits. So, in the same way that forgetting to pay a bill or maxing out a credit card drags down your score, there are also things you can do to fix poor credit and improve your score.

You might not see overnight results but with consistency and a strategic approach, you can drive positive change. Here’s how:

Check your credit report

Start by requesting a copy of your personal credit report from major agencies like Experian, Equifax or TransUnion. Simply enter a few personal details and they’ll send it right to you. Review the report for any errors that could be negatively impacting your score. Report mistakes immediately, even if they seem insignificant.

Pay your bills on time

Your payment history is one of the biggest markers used by agencies to assign credit scores, so it’s worth making it a habit to settle all your bills on time. Direct debits or reminders can help ensure you never miss a payment, and accidently put a dent in your credit score in the process.

Reduce outstanding debts

High levels of debt can tarnish your credit score and position you as a ‘high-risk’ borrower. Focus on paying down your debts, prioritising ones with high interest rates.

Use credit responsibly

Don’t let your credit card balances climb above 30% of your limit. This golden number shows lenders that you can use credit responsibly.

Avoid applying for new lines of credit

A hard search is logged on your credit report each time you apply for credit. Whether it’s a credit card, personal loan or mortgage application, these ‘hard’ checks can temporarily lower your score. For this reason, it’s best to avoid applying for new credit unless absolutely necessary.

How My Car Credit can help fix poor credit

At My Car Credit, we understand that life isn’t always straightforward. Financial hiccups happen to the best of us, whether it’s something small like forgetting to pay a phone bill or a bigger mishap like defaulting on a mortgage. That’s why we specialise in finance solutions designed to help applicants with less-than-perfect credit scores get the car they need.

Tailored finance solutions

Yes, we partner with high-street banks. But we also work with a wide network of trusted lenders who are willing to consider applicants with poor credit. This means you have a higher chance of getting approved for car finance, even if your credit score is lacking.

A simple and transparent process

The last thing you need when you’re trying to fix poor credit is more complications. That’s why we keep the process simple and straightforward. Online applications are quick and easy, and you’ll receive a decision in minutes. We’re sticklers for transparency, so there are no hidden fees or confusing terms to wrap your head around.

Support throughout your journey

We don’t just stop at getting you approved. Our dedicated customer service team is here to support you every step of the way. Whether you have questions about your finance agreement or need advice on how to fix poor credit, we’ve got your back.

Take the first step today

What’s our absolute top tip on how to fix poor credit? Start now! The sooner you take proactive steps to improve your credit score, the sooner it will start to creep up. Yes, repairing poor credit may seem daunting, but with the right approach, it’s entirely possible.

The bottom line on how to fix poor credit? Improving your score takes time. Stay consistent, seek help when needed and don’t forget to celebrate the small victories along the way. Whether you’re eyeing a peppy Ford Fiesta, family-friendly Hyundai Tucson or gleaming Audi A3, the keys to your dream car are within reach—and we’re here to help you get there.

Give our car finance calculator a try or visit our fix poor credit finance page to learn more about how we can help.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Car Finance or Personal Loan – Which is Best for You?

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

car ownership Jan24 poor credit used cars

Is Premium Diesel Worth It?

Choosing between regular and premium diesel can be a tough decision, especially when prices at the pumps seem to be continually on the rise. So, is premium diesel worth it? In this article we’ll unpack how the product compares to regular diesel and explore different scenarios where it is and isn’t worth paying more.

Diesel vs. regular petrol

Before we get stuck into the specifics of whether premium diesel is worth it, let’s take a moment to unpack the differences between diesel and petrol. For starters, diesel fuel is denser and packs in more energy per litre compared to petrol. The result? Diesel engines often achieve better fuel efficiency. This can make them a more cost-effective option for long-distance driving.

Take the 2024 Skoda Octavia Hatch for example, one of the most fuel-efficient diesel cars currently sold in the UK. It offers an impressive rating of 67.3mpg. The 2024 Volkswagen Golf isn’t far behind with 63.5mpg while the Mercedes-Benz C-Class delivers a remarkable 61.5mpg for its size.

Diesel engines also deliver more torque, also known as power. When it comes to accelerating, climbing steep hills and towing heavy loads, diesel engines generally outperform their petrol counterparts. As for emissions… While diesel has a bit of a dirty reputation, recent advances in engine technology have slashed carbon dioxide (CO2) and greenhouse gas (GHG) emissions.

Petrol engines are typically quieter and smoother, particularly in city traffic. They’re not as powerful as diesel engines but are usually cheaper and easier to maintain. From a running costs perspective, petrol cars cost less to fill as fuels like E10 (95 Octane), Premium Unleaded (95 RON) and Super Unleaded (97 / 98 RON) are usually cheaper than diesel.

What is premium diesel?

Now you’re up to speed on the differences between diesel and petrol, let’s take a closer look at where premium diesel sits in the equation. As the name suggests, the product is of higher calibre than regular diesel. It’s sometimes called ultra-low sulphur diesel (ULSD) and features added performance enhancers like detergents, lubricants and cetane improvers. These additives aim to boost performance, keep the engine clean, minimise wear and tear, and improve fuel efficiency.

Benefits of premium diesel

So, is premium diesel worth it? The answer all depends on your priorities, budget and the type of diesel car you’re looking to drive. Let’s take a closer look at some of the key benefits of premium diesel:

Enhanced engine performance

Premium diesel contains additives like cetane improvers, which supercharge the fuel combustion process. This helps the engine run smoother and more efficiently. Think faster acceleration, better responsiveness and a more enjoyable driving experience overall.

Enhanced fuel efficiency

Premium diesel does cost extra but enhanced efficiency helps counterbalance the cost. Detergents and lubricants help keep the engine clean and reduce friction, benefits that can improve fuel economy. Is premium diesel worth it for drivers covering long distances regularly? Probably, as the improved efficiency can translate into cost savings over time.

Reduced engine wear and tear

One of the top benefits of premium diesel is its ability to keep the engine cleaner. High-quality additives help prevent the build-up of deposits in the fuel injectors and other critical engine components. In the long run, this can increase the lifespan of the engine and minimise maintenance and repair costs.

Lower emissions

Is premium diesel worth it if you want to minimise emissions? Thanks to a cleaner combustion process, premium diesel fuels produce fewer harmful emissions compared to regular diesel. This is a big benefit if you want to reduce your carbon footprint without compromising on power or efficiency. Diesel hybrids from manufacturers like Mercedes, Audi, Volvo and BMW take things one step further with the efficiency and fuel economy of a diesel engine, combined with the environmental benefits of an electric motor.

Smoother cold starts

Chilly mornings are no match for premium diesel, which boasts excellent cold start performance. Additives help the engine start smoothly and quickly, even in cold temperatures. This is particularly beneficial in the UK, where winter temperatures can plunge well below 0°C and affect vehicle performance.

Potential for increased power

Premium diesel can provide an extra boost in power for high-performance vehicles. It’s all to do with the enhanced combustion process and cleaner fuel delivery system, which help to maximise the engine’s potential and unlock a more dynamic driving experience. For example, a high-performance model like the Audi S6, which can accelerate from 0-60mph in 5.0 seconds, would likely benefit from premium diesel. Smaller, zippier models like the Renault Clio? Not so much.

Is premium diesel worth it?

At the end of the day, the answer to whether premium diesel is worth it depends on your driving habits, vehicle and personal preferences. If you own a high-performance diesel vehicle like a Mercedes GLE 450D, the benefits of premium diesel may be more noticeable. Similarly, if you’re a regular motorway driver the additives in premium diesel can help maintain engine performance, especially in newer cars with advanced technology.

For older diesel vehicles, the benefits of premium fuel may be less noticeable. For example, if you drive an older Land Rover Discovery, standard diesel could be a more economical choice. The same goes for less powerful models like the Vauxhall Astra. It’s a great little car but there’s no need to splurge on premium diesel to enjoy it.

Enjoy the benefits of diesel with My Car Credit

At My Car Credit, we know that choosing the right fuel is just one element of car ownership. That’s why we’re committed to friendly, honest and hands-on customer service when it comes to helping our customers secure car finance. Whether you’re considering a reliable workhorse like the Volvo XC40 or a luxury model like the Range Rover Sport, we can help you secure flexible finance options for your dream diesel car.

Try our online finance calculator today or visit our only vehicle search tool and let us help you drive away in the latest diesel models that suit your lifestyle and budget to a tee.

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

cost of living diesel efficiency Jan24 petrol used cars

What Are the Best Used Cars to Buy on Finance?

Buying a car is likely to be the second most expensive purchase you ever make. Owning a brand-new, state-of-the-art model has its appeal, but there are also plenty of used or nearly new cars that make for a more affordable, reliable choice.

Used car finance is a great way of getting behind the wheel of a new-to-you vehicle. From hire purchase to personal contract purchase, there are used car finance agreements for every kind of driver. The only challenge is choosing the right make and model for your needs.

Below, we list some of the best used cars to buy on finance.

Best 10 used cars to buy on finance

Volkswagen Golf

Reliable, versatile, comfortable, and not bad on the eyes – there’s a reason why the Volkswagen Golf consistently ranks as one of the best used cars to buy on finance.

It’s one of the better small family hatchbacks you can buy, equally capable of racking up motorway miles as it is zipping around cities. A superb all-rounder, VW Golfs are enjoyable to drive whilst offering excellent comfort. Plus, you’ll find used VW Golfs at highly affordable rates, despite the desirability of the VW badge.

You should be able to find VW Golfs with a range of different engines, but the diesels are likely to be more common.

Ford Fiesta

Another reliable used car option, the Ford Fiesta is great to drive and cheap to run – so it’s no surprise that it’s one of the UK’s most popular used cars.

You’ll find plenty of used Fiestas on the market, giving you great engine choices and competitive pricing. In fact, you’ll only find used Fiestas now – with production ending in 2023.

Handling is excellent and you’ll benefit from lots of safety kit, too. Enduringly popular, the Fiesta may not have the snazziest interiors, but for availability, consistency and affordability, it’s difficult to beat.

Skoda Citigo/Seat Mii/Volkswagen Up!

Technically three different makes and models, these cars are nonetheless virtually identical. They’re also some of the best used cars to buy on finance – particularly if you’re looking for a cheap but nifty city drive.

You’ll find plenty of 1-litre three-cylinder petrol engines on the market – they’ll be cheaper than the electric alternative. Although they’re not the most powerful or spacy, these vehicles are excellent if you’re looking for highly wallet-friendly drives to get you around urban environments. Alternatively, they’re also a great option for first-time drivers.

Vauxhall Insignia

What this car lacks in excitement it more than makes up for in value, space and efficiency.

A great family car, the Insignia is an ideal motorway cruiser, offering generous passenger space and comfort.

Petrol used models will be harder to find, but you’ll be able to take your pick between first- and second-generation models. The second-gen will have better styling and more contemporary tech features, but may be a little more expensive.

BMW 3 Series

For a mid-sized saloon or estate car that’s great to drive and has excellent fuel economy, it’s hard to argue with the BMW 3 series. Enduringly popular as a used car, the 3 series offers fantastic handling.

You’ll benefit from a great level of kit and swish features, as well as the driving experience you’d expect of a BMW. Models from 2015 onwards have an improved diesel engine.

Just be aware that servicing and maintenance fees will be a little higher compared to other cars on this list.

Kia Sportage

SUVs continue to be big hitters on the used car market, and the Kia Sportage is one of the more economical options you can choose.

Practical and good to drive, even the base models of the Kia Sportage are well-equipped, with plenty of modern features as standard. Plus, if the car is less than seven years old, you’ll benefit from Kia’s 7-year warranty, so you’ll be covered for any mechanical faults.

Mini Convertible

If a used convertible is your next drive, the Mini is the manufacturer to go for.

Fun but compact, the Mini brand has obvious appeal, and it’s certainly stylish. But practicality isn’t compromised – there are still four seats to make use of – and the interior is funky.

Admittedly it’s not the most practical car, with limited boot space, but it’s fun and you’ll get an equivalent drive to the Mini Hatchback but with the benefit of the wind in your hair.

Nissan Qashqai

A solid and successful family SUV, there’s a reason the Nissan Qashqai remains popular on the used car marketplace.

Practical, spacious and economical, the Qashqai is also quiet, comfortable and well-equipped. There’s plenty of safety kit and a good quality interior.

It may not be the most fun car to drive, nor is it the most reliable car on our list, but the Qashqai still has enduring appeal on the used car marketplace.

Vauxhall Astra

Vauxhall may not be as desirable as some other brands on this list. But for a car that’s highly affordable and well-equipped, the Astra is difficult to argue with.

You’ll find used 2021-onwards Vauxhall Astras on the market, meaning you’ll benefit from upgraded engines and tech. Based on driver reviews, the diesels can be a bit noisy, so stick to a petrol engine – you should find plenty around.

Skoda Kodiaq

Practical, flexible, affordable – the Kodiaq is a particularly popular used car for families.

You should find a good range of both petrol and diesel engines – the 2-litre diesel offers a particularly smooth ride and is the most economical option.

Great visibility and handling make for enjoyable driving, and there’s plenty of space both in front and back. Plus, the Kodiaq is notoriously reliable.

Find used car finance with My Car Credit

Once you’ve decided on the best used car to buy for your needs, the only hurdle is financing your purchase. That’s where My Car Credit can help, comparing deals from a large network of lenders to find the right deal for every driver. To get started, use our car finance calculator.

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

Jan24 list used cars

6 Advantages of Buying a Used Car

Whether you need a vehicle for work or to get your family around, there are any number of reasons why owning a car can be essential. But it can also be expensive – which is why buying a used car has its benefits. Read on to find out more.

Advantages of buying a used car

Cost savings

Used cars are less expensive than brand-new, state-of-the-art models.

By opting for a ‘new for you’ vehicle, you can end up saving yourself thousands of pounds. What’s more, by saving on the initial outlay, you may even be able to afford a better model. You can therefore benefit from improved technology and features without shelling out serious cash.

If you’re a first-time driver, a used car also offers a more wallet-friendly way to get on the road.

Plus, with a used car, you don’t have to worry about depreciation – it will retain its value more effectively during your ownership.

Finance flexibility

There are plenty of used car finance options for ‘new to you’ vehicles.

Used car loans are a great option for those who want low monthly repayments and have an excellent credit score. Plus, you’ll benefit from lower interest rates compared to new car loans.

Alternatively, used PCP and HP are both flexible, affordable used car finance agreements.

Proven reliability

It’s a myth that used cars are less reliable than brand-new vehicles.

In fact, a nearly new or used vehicle is more likely to have a proven track record of reliability and durability.

You can always research the reliability of a make and model online – look for ratings, user reviews and maintenance history. By choosing a car that’s known for its reliability, you’re more likely to experience a dependable drive for the long term.

Lower insurance rates

As a general rule, the older the vehicle, the lower the insurance rates.

There’ll be different factors that impact the insurance rate. That said, you’ll typically save more money on insurance premiums over the lifespan of a used vehicle than a new model.

More variety

The used car marketplace is big, meaning that you have plenty of car brands, makes and models to choose from.

This gives you plenty of opportunity to research and shop around for the exact used car that meets your needs and circumstances. A wider selection improves competitive pricing and increases your likelihood of finding a reliable car with an excellent track record.

Factory warranties

Factory warranties are getting longer and are increasingly easy to transfer from owner to owner.

You may therefore be able to pick up a vehicle that’s only a few years old and still covered under warranty. This can give you peace of mind and take the risk out of choosing a used car over a brand-new vehicle.

Finance your used car with My Car Credit

If you want to unlock the advantages of buying a used car, My Car Credit can help. We help drivers find used car finance by comparing deals from a large network of trusted lenders. Secure an agreement that works for you by trying our online finance calculator.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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How Much Does a First Car Cost?

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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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12 Best Used Cars for Families

Buying a brand-new car for your family has its appeal. But for many UK drivers, a state-of-the-art vehicle just isn’t affordable – particularly considering the immediate depreciation you’ll face once you drive off the forecourt!

What’s more, there are plenty of ‘new to you’ cars that offer superior safety, comfort and space for families without breaking the bank.

We’ve put together our list of the best used cars for families to make things easier.

The 12 best used cars for families

Skoda Octavia

Comfortable, reliable, enjoyable to drive, plenty of boot space and a wide range of engines for you to choose from – the Skoda Octavia is a solid choice for a used family car.

It’s more affordable than either the VW Golf or Audi A3, and is more spacious than the Seat Leon (all of which also feature on this list). The interior is spacious and practical, with great equipment coming as standard. Plus, it’s cheap to buy and run, and is excellent for long-distance journeys.

It may not be the most stylish vehicle around, but it’s got enough going for it that you’ll forget about that.

Dacia Duster

For one of the best used cars for families on a budget, the Dacia Duster is indisputable. You’ll get good passenger space and a sensible boot, plus extremely economical engines.

A boxy body, raised ground clearance and wide doors are ideal for kids piling in and out. Admittedly some of the base versions don’t offer much equipment, and the petrol engines can be thirsty, but the Duster is still one of the least expensive small family cars you can buy.

Ford Focus

Family friendly but still fun to drive, the Focus has something for everyone.

The cabin offers enough space to make up for the smaller-than-average boot, but the real appeal lies in its driving experience. Sharp, agile and with great handling and responsive engines, the Focus offers fun whilst retaining its fuel economy. Choose the 1-litre EcoBoost petrol engine for a drive that’s powerful enough for both the city and motorway without costing the world.

Seat Leon

There’s no arguing with this all-rounder.

Compared to most other small hatchbacks, the Leon has a bit more style without sacrificing affordability. The interiors aren’t quite as refined as some other contenders on the list, but it’s just as fun to drive as a Golf and is likely cheaper.

Engines are fuel-efficient, keeping running costs low, and there’s plenty of excellent safety equipment for families.

Vauxhall Astra or Insignia

The Astra is one of the more affordable options on our list, but it’s still spacious and well equipped enough to compete with the others. The ride is comfortable enough (with some variability at low speeds), with good handling, making it a solid choice.

Alternatively, the Vauxhall Insignia is another fantastic family option. Like the Astra, it’s not the most stylish car, but it’s difficult to argue with its value and efficiency. Plus, if you go for the Insignia Grand Sport, you’ll benefit from plenty of passenger space and a very respectable boot, as well as agile handling and sharper styling.

Audi A3

Classy, great to drive and with an excellent selection of engines, the Audi A3 is not the most affordable option, but it’s a desirable used family car.

It goes without saying the A3 is great to drive, but it’s also comfortable and practical. Newer versions have seriously high-tech features, but lower trims are a bit sparser. Choose from petrol and diesel engines – the petrol typically offers better fuel economy without compromising on power.

Volkswagen Golf or Polo

There’s not much between the VW Golf or Polo, so we’ve gone for a two-in-one listing of both.

Classy and comfortable, reliable and enjoyable to drive – VW delivers with both cars. The popularity of both Polos and Golfs speaks to their versatility and well-roundedness. They’re undoubtedly two of the better small family hatchbacks you can buy, and are surprisingly roomy, despite their small car status.

They’re not the cheapest on our list, but you’ll find plenty of both models on the used car market – diesel engines will be cheapest. Plus, provided you avoid the more basic engines, running both models is surprisingly affordable.

BMW 2 Series Active Tourer

It’s not one of BMW’s better-looking cars, we’ll admit, but it’s an excellent family tourer (as the name suggests).

In this BMW people carrier, you’ll comfortably seat five (the Gran Tourer seats seven), with a great interior and exemplary driving experience. Handling and responsiveness are excellent, and you get a great view of the road with a high driving position. A big boot and folding seats offer maximum versatility. Plus, it’s more affordable than other BMW models.

Peugeot 3008

With quiet engines, a comfortable ride and a panoramic roof that floods the interior with light (in some versions), the 3008 is not to be dismissed. A spacious boot and comfortable interior expands its appeal, too, as does the great driving experience.

You should find diesel, petrol and plug-in hybrid engines available – the latter is particularly good for short, stop-start journeys. If you need more space, size up with the 5008 model.

Skoda Karoq

Having won several awards over the years, the Karoq offers space, flexibility, great kit and VW-level engineering.

It’s not the flashiest car on this list, nor does it have the most exciting driving experience. But it’ll comfortably seat four tall adults if required, has a big boot and is nippy whilst offering good fuel economy.

Choose a model with the ‘varioflex seating’ design for maximum flexibility if you’re looking to pile in the kids, the dog, deckchairs, sporting equipment and more.

Find used car finance and an approved used vehicle with My Car Credit

The best used cars for families can give you everything you need with a little less cost. But you might still need help financing your vehicle rather than paying up-front. My Car Credit can help, finding you the right deal from a network of reliable lenders.

Try our free online calculator to get behind the wheel of a family-friendly nearly new car.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

PCP Finance Explained – Personal Contract Purchase Guide

How Do Balloon Payments Work?

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

Family Jan24 list

How Much is a Deposit for a Car?

When you’re ready to buy a new set of wheels, whether it’s brand-new Kia Sportage or a used Tesla Model 3, one of the first questions you’ll likely have is ‘how much is a deposit for a car’.

In the UK, the amount you’ll need for a car deposit can vary enormously and depends on several factors, including the type of finance agreement you choose, the price of the car, and your credit history. To make things a little clearer, let’s break down these factors to help you budget for your new ride.

Understanding car deposits

A car deposit is an initial payment made at the time of the vehicle purchase. It’s a portion of the total cost that you pay upfront and reduces the amount you’ll need to borrow through finance plans like a personal contract purchase (PCP) or hire purchase (HP). The deposit not only reduces your monthly payments but can help secure a better interest rate and terms on your agreement.

Factors influencing the size of your deposit

Now you know more about what a car deposit is, let’s take a closer look at the factors that can affect how much you’ll need to pay.

Type of finance agreement

Different finance plans require different deposit amounts.

PCP: How much is a deposit for a car with PCP? Personal contract purchase plans usually ask for anywhere between 10% and 30% of the car’s value as a deposit. The flexibility of PCP plans often means you can adjust the deposit to find a monthly payment that suits your budget.

HP: Hire purchase agreements usually require a deposit of around 10% of the vehicle’s price, though this can be higher depending on the agreement with the lender.

Personal loans: If you’re taking out a personal loan from a bank or other financial institution, the deposit might be flexible. Some lenders offer loans for the full value of the car, which could potentially reduce the deposit to zero.

Cost of the car

The answer to ‘how much is a deposit for a car’ also depends on the purchase price. Naturally, the more expensive the car, the higher the deposit. For example, a £30,000 car, at a 10% deposit rate, would mean a £3,000 upfront payment.

Your credit rating

Your credit score plays a key role in determining how much is a deposit for a car. A high credit rating establishes you as a responsible borrower and can convince lenders to reduce the deposit amount. On the flip side, a less-than-perfect credit score may prompt lenders to request a bigger deposit.

Average deposit amounts

While there’s no one-size-fits-all answer, most British motorists can expect to pay a deposit of anywhere from 10% to 30% of the total cost of the car. Here are a few scenarios:

Economy cars: For more affordable vehicles priced around £10,000, you might be looking at deposits from £1,000 to £3,000.

Mid-range cars: How much is a deposit for a car for vehicles in the mid-range market? For cars priced around £20,000, expect to pay a deposit of between £2,000 and £6,000.

High-end cars: For luxury cars or higher-spec models, which can cost upwards of £40,000, the deposit might be anywhere from £4,000 to £12,000 or more, depending on your finance deal.

Consider no deposit car finance

Most auto finance agreements start with a cash deposit however this isn’t a hard and fast rule. For some motorists, no deposit car finance can be a great way to skip the deposit and secure the keys to a new car, without parting with a large sum of cash. Whether you’re finding it hard to save for a deposit or simply want to preserve your capital for other expenses, no deposit car finance is an attractive option for many Brits.

Get behind the wheel with My Car Credit

Whether you’re looking to go down the traditional auto finance route and kickstart your agreement with a deposit, or you’d prefer to fast-track the process with a no deposit plan, we’re here to help. At My Car Credit, we’re dedicated to securing you the right deal on car finance, no matter what your budget or financial situation.

Give our online car finance calculator a try and get on the road to your dream car today!

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Can You Get Cars on HP with No Deposit?

Am I eligible for car finance?

How Does Auto Finance Work?

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

car finance car finance options deposit Jan24 used car

Figure Out Your Monthly Car Payment with Ease

Man driving after figuring out his monthly car payments

If you’re searching the market for a brand-new or used vehicle, you’re probably wondering how to figure out your monthly car payments. After all, with inflation and the rising cost of living, most of us are on a strict budget.

Thankfully, it’s relatively straightforward to calculate the amount you owe once you know your loan amount, repayment term and credit rating. Keep reading to find out more.

What makes up your monthly car payment?

We suggest breaking down your monthly car payments into two sections – finance repayments (which you can figure out via a car finance calculator) and vehicle expenses. The former is the amount you’ll pay back towards the total cost of the car, including interest. The latter covers fuel, insurance, tax, service charges and planned or unplanned maintenance.

It’s important to distinguish between the two. While finance repayments are often fixed (they may fluctuate slightly depending on inflation), vehicle expenses vary considerably. This means it’s wise to set aside a few hundred pounds to buffer against emergencies.

How can I calculate finance repayments?

As finance repayments make up the largest chunk of what you’ll owe, it makes sense to start here. You don’t have to do the maths yourself. Instead, use our hassle-free car finance calculator.

How does it work? Simply input your desired loan amount, preferred repayment term and credit rating. Then, you’ll receive an immediate snapshot of your expected monthly costs, typical interest rate and total amount payable.

We know what you’re thinking – how accurate can this really be? Of course, to provide a thorough assessment, we’d need more information, such as your income and debt. However, calculators offer illustrative examples to help you make an informed decision about what you can afford.

As for the amount, it shouldn’t exceed 10% to 15% of your income. After taxes, the average monthly earnings in the UK are around £2,300. This means you should spend between £230 and £345 on car finance repayments.

How can I calculate other vehicle expenses?

Calculating other vehicle expenses is trickier because they fluctuate. One month, you might only need to budget for fuel. The next, you could have an engine malfunction. You never know what’s around the corner. However, you can mitigate risk by purchasing cars (especially used cars) from reputable sellers.

As a rule, you shouldn’t spend more than 20% of your income on total car costs. Going back to the example earlier – let’s say you take home £2,300 per month and spend £230 on finance repayments. You could effectively spend up to another £230 on vehicle expenses without causing too much financial strain.

If you took out a larger loan for a more expensive car, you’ll probably have less money for additional costs. This is something to consider carefully before entering a finance agreement. There’s no point buying a flashy car if you can’t keep it on the road!

How can I decrease my monthly car payments?

There are a few ways you can decrease your monthly car payments, including:

Purchase what you need, not what you want
Increase your down payment
Improve your credit score

Purchase what you need, not what you want

Quite simply, the more expensive the car, the bigger the loan and monthly repayments. While you might want an exciting four-wheel drive with plenty of leg room and high-tech features, you may not be able to live comfortably and honour your other financial commitments while footing the bill.

Increase your down payment

A down payment is a lump sum paid by the customer towards the value of the car. It’s a bit like a house deposit in the sense that it’s deducted from the total amount owed, meaning you have to pay less overall.

How much should you contribute? It depends. Anywhere between 10% to 20% of the car’s value is ideal – 10% is reasonable for used vehicles.

Improve your credit score

Above all else, improve your credit score. If you have a good or excellent rating, you’ll receive more favourable terms because you’ve proven yourself capable of meeting repayments in the past. On the other hand, people with bad credit scores are considered riskier investments, so lenders tend to bump up the interest rates.

You can improve your credit score by paying direct debits on time, overpaying debt and ensuring you’re on the electoral roll.

Find out how much you could owe today

Want to figure out your monthly car payments? Use our car finance calculator to begin the exciting journey to your next car.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Advantages of Cars on PCP with No Deposit

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

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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Can You Get Cars on HP with No Deposit?

Man with car in front of car bought on HP with no deposit

Purchasing a new car can often feel like a tightrope walk, especially when you’re trying to balance the excitement of choosing your dream make and model with budget constraints. If you’ve been eyeing that perfect set of wheels but the upfront cost seems daunting, no deposit hire purchase could be a clever solution.

Designed to bypass the large initial deposit typically required for hire purchase (HP) agreements, no deposit plans can be a great way to secure the keys to a new car, without parting with a large sum of cash.

Want to know more? Let’s unpack the possibilities and perks of cars on HP no deposit to see if it’s the right move for you.

Understanding hire purchase (HP)

Hire purchase is a bit like the reliable workhorse of car finance options – simple, straightforward and with no unnecessary frills. One of the main features of HP is that agreements end with you owning the car outright. The model splits the cost of your new or used car into manageable monthly payments over a period that you choose, usually one to five years.

The main difference from other plans, like personal contract purchase (PCP), is that you’re working towards ownership right from the start – every payment brings you closer to claiming those keys for good.

Why consider no deposit HP?

Traditionally, HP deals ask for a deposit, often around 10% of the car’s price. This is paid straight out of your pocket. It’s a fast track to car ownership, sure. But it’s also a fast drain on your savings. This is where no deposit options come into play, offering a lifeline to motorists who don’t have access to large sums of cash, or want to preserve their capital. Here’s a closer look at who no deposit hire purchase works for:

First-time buyers: Accelerate your journey to car ownership without the time delays associated with saving up a deposit.

Motorists with immediate needs: Get a car quickly, perhaps for a new job or unexpected family growth, without waiting to save enough funds.

Cash flow savers: Keep your savings intact for other life essentials or unexpected expenses.

Top benefits of no deposit hire purchase

Purchasing cars on HP no-deposit plans can be a great option for all kinds of motorists, from first-time buyers to motorway veterans. Here’s a closer look at some of the top benefits of HP with no deposit.

Fast access to a car: Jump straight into the driver’s seat without saving for the initial lump sum. This is car finance, in the fast lane.

Maintain cash flow: Avoid the upfront financial hit and keep your budget breathing easy. No deposit hire purchase gives you more freedom to manage monthly expenses or even splurge on a road trip or two.

Better car options: With no deposit to factor into your budget, you may be able to afford a car with a few extra bells and whistles. For example, a model with the latest infotainment technology, or something with a fuel-efficient hybrid engine.

Predictable budgeting: Fixed monthly payments mean no surprises. You’ll know exactly what you need to pay each month for your car, making it easier to budget for everything from rent and groceries to holidays and entertainment.

Clear path to ownership: Once the final payment is made, the car is all yours. No balloon payments, no residual value calculations and no hidden costs. Just your car, your way.

Things to consider

While no deposit HP sounds like a dream, it’s not without its considerations. Here’s what to keep in mind when shopping around for cars on HP with no deposit.

Higher monthly payments: With no deposit HP agreements, you’re spreading the entire cost of the car across the payment period, with no deposit to reduce the monthly instalments.

Total cost of borrowing: Financing the full purchase price of the car usually means paying more interest over time. It’s worth doing the maths to see how it tallies up against a deposit-based deal.

Credit score impact: Good credit is often crucial for securing a no deposit deal. This is because lenders take on more risk when they don’t collect an upfront payment.

Securing a no deposit hire purchase agreement

Ready to proceed with a no deposit hire purchase agreement? Here’s how to get started in three easy steps:

1. Compare lenders

Not all lenders offer no deposit options, so shop around for those that do. You’ll also see variation between interest rates, terms, conditions and other variables, so it’s worth doing your research to find the right fit.

2. Credit check

Make sure your credit score is in good shape to improve your chances of approval for cars on HP no deposit.

3. Understand the full terms

Before signing on the dotted line make sure you understand all the details, from interest rates to payment schedules. This will help ensure there are no surprises down the road.

Find no deposit hire purchase deals with My Car Credit

With myriad benefits on offer, a no deposit hire purchase agreement could open up new possibilities for managing your finances while securing the car you’ve been dreaming of. No deposit plans are about more than just convenience. They’re about making smarter choices that align with your lifestyle and budget. Whether you’re upgrading from an older model or venturing into car ownership for the first time, HP with no deposit is worth a closer look.

Ready to take the next step? Check out our car finance calculator to get the wheels moving on your next car.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

PCP vs HP – What’s the Difference Between Them?

How to Refinance a PCP Balloon Payment

HP, Conditional, PCP: The Lowdown on Car Finance Options

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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How much of your income should you spend on a new car?

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Buying a car is likely to be the second most expensive purchase you ever make. Owning a brand-new, state-of-the-art model has its appeal, but there are also plenty of used or nearly new cars that make for a more affordable, reliable choice.

Best 10 used cars to buy on finance

Volkswagen Golf

Ford Fiesta

Skoda Citigo/Seat Mii/Volkswagen Up!

Vauxhall Insignia

BMW 3 Series

Kia Sportage