According to a recent report by, 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 to find out how.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating


  • 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


  • 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


  • 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


  • You may have had frequent changes in address
  • 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


  • 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

Typical rate

Loan amount

Total payable




*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 12.4%, annual interest rate (fixed) 12.36%, 47 monthly payments of £196.44 followed by 1 payment of £206.44 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,939.12, total amount payable is £9,439.12.

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!