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?
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.
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.
How Oodle works
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