Buying a car is likely to be expensive, which is why so many people use car finance as a way of making the whole process more affordable. Private sales are no exception, requiring a decent sum of money that not many buyers have up front.

Understandably, that leaves many buyers wondering whether you can get car finance for private sales. In this post, we’ll explore your options when it comes to private sales and car finance.

Understanding the basics of car finance

Car finance enables you to drive your new vehicle off the showroom floor without having to pay for the car upfront. By making affordable monthly payments directly to the lender, you can have full use of the car. Traditionally, car finance was offered by dealers when you bought the vehicle from them. This can put buyers at a disadvantage if the dealer only uses one or two lenders, rather than searching the whole market for the best deal for your circumstances.

However, the industry has come a long way, with greater choice now available. Nowadays, you can use independent car finance providers or even car finance brokers to get the best deal for your new or used car. Given that dealers are no longer directly involved, many people assume this car finance can be used for private sales too.

Can I get car finance for a private sale?

There are lenders who specialise in car finance for a private sale. However, they may ask for additional information and security. This is because private sales don’t come with the same assurances that dealership sales do. The alternative would be to take out a loan to pay for the car up front. However, it’s worth noting that this doesn’t come with the same flexibility as car finance, such as the option to return the car at the end of your repayment term.

At My Car Credit, we help buyers find a great finance deal for cars which are bought through reputable UK dealers. Remember, buying through a dealership doesn’t mean you have to fork out for a brand-new car. While car finance isn’t available for private sales, there’s no problem when it comes to used cars from a reputable dealership.

Opting for car finance rather than a private sale also means you get expert support throughout the process. Rather than borrowing money and making a purchase on your own, My Car Credit has a team of car credit specialists on hand to guide you through the process. Above all else, that means no hidden costs, no confusion and no need to worry.

Contact us today

At My Car Credit, we’re committed to providing an affordable alternative to private car sales. Using our car finance calculator, you can get a better idea of the interest rate, monthly repayments and overall cost to get the car you need.

With the largest panel of car finance lenders out of any broker, we have great relationships with reputable and professional lenders. This means we’re able to find you the best deal available for your circumstances and requirements.

Want to find out more? Give our friendly team a call on 01246 458 810 today.

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!