Used car finance

Can't afford to buy a car outright? Used car finance allows you to spread the payments out over an agreed period of time.

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Representative 29.9% APR

Used car finance

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What is used car finance?

What is used car finance?

The expression “used car finance” refers to the process of buying a pre-owned car using a loan. Instead of paying for a vehicle outright, customers make fixed payments over an agreed period of time, and they’ll own the car once the final payment’s been made.
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Is used car finance right for me?

Buying a used car through Hire Purchase is right for you if:

  • you're not interested in owning a brand new car;
  • you can't afford to buy a £2,000 - £15,000 car outright;
  • you want to make fixed monthly (or weekly) payments over a fixed term;
  • you want to improve your credit score (this can be done by managing your loan properly);
  • you want to own the car at the end of the finance agreement, without having to make a balloon payment.
How to look after a used car

The application process

Our used car finance application process is as simple as one, two, three!

Complete an online application form and get a decision on your approval within minutes.

If you're automatically accepted for used car finance, you'll be able to finalise your application online.

If your finance application is referred, we'll get in contact with you via email or SMS to arrange a time for one of our Underwriters to call you and discuss your application.

Car finance calculator

Use our car finance calculator to get an idea of how much a car finance agreement with us costs, with no commitment to apply.

Start your application now!

Getting approved for used car finance is quick and easy.

Vehicle ownership

Unlike Personal Contract Purchase (PCP) or leasing, Hire Purchase allows customers to own the vehicle once the final payment's been made - with no balloon payment needed.

Affordable payments

Used car finance allows buyers to spread the cost of a pre-owned vehicle from as little as 18 months to as long as 61 months, making it more affordable than paying the entire amount upfront.

Building credit history

Making regular payments towards a used car loan helps customers establish (or improve) their credit history. Timely repayments reflect positively on credit reports and can strengthen an individual's creditworthiness.

Flexibility in car choice

With financing, buyers have the flexibility to choose from a wide range of used cars that meet their wants and needs (and budget).
Need help finding a used car?

Need help finding a used car?

If we've approved your application for car finance, our Deal Making team can help you with your search for the perfect vehicle! Simply fill out the form on our 'Find a vehicle' page and a member of the team will get in contact with you.
Find a vehicle

Hire Purchase pros and cons

Unsure if a Hire Purchase agreement would be suitable for you? Check out some of the pros and cons!

  • Fixed interest rate
  • Simple to arrange
  • No deposit required
  • Flexible terms (18 - 61 months)
  • No annual mileage restrictions
  • Fixed monthly (or weekly) repayments
  • You own the car once the final payment's been made
  • Customers are protected under the Consumer Rights Act (2015)
  • Finance is subject to status
  • You don't own the car until the final payment's been made
  • The car's at risk of repossession if you don't keep up with repayments
  • Not suitable if you plan on paying off your finance agreement within six months

Used cars available on finance

We can provide finance on a variety of used cars from brands such as Ford, Vauxhall, and Nissan. For more information, check out our fixed and flexible used car finance criteria:

Fixed Criteria

  • Aged 18+
  • UK resident
  • Petrol maximum mileage: 120,000
  • Diesel maximum mileage: 160,000

Flexible Criteria

  • 18 - 61 month terms
  • No deposit required
  • £2,000 - £15,000 lend
  • Provisional driving licences considered
Whilst our criteria helps us to lend responsibly, we're flexible on things such as the age of the car and the term of the agreement. For example, you can choose to pay your car finance loan over a long period of time, i.e. 48 months, or make larger instalments and pay your finance agreement off in as little as 18 months.
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Used car finance FAQs

First Response Finance is a responsible vehicle finance lender, and all decisions are made in the best interests of the customer; based on credit scores, status, and income at the time of application. We'll never approve an application if we believe you might struggle with repayments.

Get independent advice on money, finance products, debt management, and budgeting through Citizens Advice and MoneyHelper.