Used car finance

Say goodbye to uncertainty and hello to car-buying confidence. Sort your finance with Oodle and drive away safe, knowing that you’ve got the wheels you want within a budget that suits you.

How does used car finance work?

Car finance is a cost-effective way to purchase a used car. With used car finance, you can borrow money from a lender to cover the cost of the vehicle and then repay it in affordable monthly instalments. This allows you to enjoy the benefits of driving a used car while managing your expenses effectively.

Buying a second-hand car is a smart choice for many people because it provides excellent value for money. Compared to new cars, used models are more affordable and depreciate at a slower rate. If you’re interested in buying a used car but struggling to afford the upfront cost, financing options could be your ideal solution.

Are you a first-time car buyer? Read our guide to buying a used car.

How can I get used car finance?

Typically, there are a few ways to buy a used car. Each option comes with its own advantages and disadvantages. The best choice for you will depend on your circumstances.

Hire

purchase

Hire purchase (HP) is where you make a regular monthly payment for the car with a fixed interest rate – meaning you know exactly how much you are paying every month. The deposit can be flexible or even not required at all.

Personal contract purchase

Personal contract purchase (PCP) allows you to buy a used car through fixed monthly instalments, like hire purchase. PCP tends to have lower monthly payments as you don't have to pay the car's total value. But should you decide to keep the car at the end of the agreement you will need to pay a substantial ‘balloon payment’ to purchase it outright.

Car loan

A car loan is a financing option where you borrow a lump sum of money to buy a used car and repay it through monthly instalments, but you’ll own the vehicle from the start. While no upfront deposit is required, it’s important to note that the interest rate and monthly payments can be higher than with other car finance options.

Why choose Oodle to buy used cars on finance?

Get a great used car finance deal and then use it to find the right car for you.

Oodle has your back for the car you want at a budget that suits you. Let us handle the finance part so you can simply walk into your local car dealership and buy a car at a price that works for you. Say goodbye to uncertainty and hello to car-buying confidence.

Transparent pricing and no hidden costs

We can help you every step of the way – we can even help you find a car

Buy and pay online or in person at an approved dealership

Sort your finance with Oodle and drive away safe. Representative 15.9% APR

How Oodle works

01 Apply online

Find out if you're pre-approved in seconds

02 Get accepted

You’ll have the money in your account the next working day

03 Shop anywhere

Including our network of trusted dealers

Get my quote.
No impact on your credit score.

x.xx% APR Representative

FAQs about used car finance

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