Finding a Car Archives | Car Buying Advice

What to Look for When Buying a First Car?

Whether you’ve just turned 17 and are shopping for your first ride or are an older motorist looking to get behind the wheel, buying a first car is an exciting milestone. There’s lots to think about, which is why we’ve put together this comprehensive guide covering what to look for when buying a first car. From mileage and models to shopping around for finance, read on to find out more about what you should prioritise when buying your first set of wheels.

New vs second hand

Whether to purchase new and savour that ‘new car smell’ or unlock the savings that come with a second-hand vehicle is one of the first questions to ask yourself when considering what to look for when buying a first car.

Budget will likely be a big factor, with recent data from GoCompare revealing the average new driver spends around £5,000 on their first car. This suggests most new motorists opt for used models, which can be a great way to save money and stretch your budget further. While several factors have pushed up demand and prices for used cars over the past few years, the good news is analysts expect the market to cool off soon.

Mileage and wear and tear

If you’re thinking about the second-hand route, mileage will be a big factor when considering what to look for when buying a first car. The odometer paints an instant picture of how far the car has driven and what kind of life it’s had.

In the UK, the average motorist racks up around 10,000 miles per year. So, a two-year old car should have around 20,000 miles on the odometer to be considered average mileage. Anything more would push it into the high mileage category and anything less into the low mileage category.

Of course, maintenance and servicing play a big role in the overall condition of the car and the engine. Both are important variables to consider when making your list of what to look for when buying a first car. For example, while a three-year old car with 50,000 miles on the odometer may be considered high mileage, if it’s in immaculate condition and comes with a flawless servicing history it could be a fantastic deal.

Similarly, if you’re looking at a seven-year-old car with 40,000 miles on the odometer but the vehicle appears bruised, battered and has no servicing history to speak of, you may want to think twice about whether it’s a good deal.

New cars are always a tempting option, offering not just an ultra-fresh aroma but also reliability and peace of mind. Many new cars come with free servicing and warranties, which means you won’t have to think about forking out for these expenses for several years. Initially, the higher price tag of new cars may seem to push them out of your budget. But if you consider finance, a new car could be well within your reach as a new motorist. More on this later!

Petrol powered vs electric

If you’re thinking about a petrol or diesel-powered vehicle, emissions are worth considering as they can affect things like how much road tax you pay and even where you’re allowed to drive in some cities.

Electric vehicles (EVs) are the future of personal transport, with more than 400,000 pure-electric models humming along British roads in February of this year. With fuel prices soaring, EVs are more appealing than ever. Not only do EVs unlock huge savings on fuel but they also slash your environmental footprint and carbon emissions. If you’re an eco-warrior looking to tighten your budget, an EV could be a great option for your first car.

With both the national government and local councils continually upgrading EV charge networks across the country, it’s never been easier to drive an electric vehicle. Zap Map is a fantastic resource and makes it easy to find EV charge points at your fingertips. If you’re not fully sold on 100% electric, a plug-in hybrid (PHEV) could be a great compromise.

Opting for old favourites

When it comes to cars, British motorists are pretty clear about what they like. If you’re not sure what to look for when buying a first car, taking cues from other drivers can be a great place to start.

The small and zippy Ford Fiesta is consistently crowned one of the best-selling cars in the UK and it’s easy to see why. It’s compact and easy to drive in cities, effortlessly cruising along motorways and slipping into parallel parking spots. It’s also an excellent little ride in towns and villages where you might encounter winding roads and laneways. Alongside the Ford Fiesta are fellow bestselling models like MINI, Toyota Corolla and Hyundai Tucson. The latter is a great option if you’re looking for something a little roomier for kids, pets, or both!

A good finance deal

Whether to pay cash or take out a car finance loan is one of the biggest questions you’ll face when buying your first car. There are pros and cons to each and it’s important to consider your own unique circumstances when deciding.

The benefits of buying a new car with cash speak for themselves, with zero interest and no repayments to worry about. That said, it’s an unrealistic option for most new car buyers. This is where finance steps up. Purchasing a car on finance gives you the freedom to increase your budget and get the keys to a car you actually want to drive.

When researching what to look for when buying a first car, a good finance deal should be front of mind. Whether you’re buying new or used, shopping around is one of the most important steps you can take when buying your first car. It’s simpler than you might think, with our purpose-built calculator making it easy to get a car finance quote in a matter of minutes.

Want to know more about how auto finance can help you secure your first car? Get in touch with our friendly team today to discuss your options and find out more about the My Car Credit service.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

Is a Diesel Car Worth Buying?

Diesel cars have fallen out of fashion. Once lauded for their lower CO2 emissions, lower road tax, and better fuel economy – diesel cars have an average of 20% better fuel economy than petrol vehicles – diesel cars comprised only 37.6% of total vehicles on Britain’s roads in 2020.

So, what’s the reason for this decline in popularity, and is a diesel car worth buying? This article considers the facts.

Why are diesel cars losing popularity?

In March 2021, the European Court of Justice ruled that the UK had failed to tackle air pollution in any systematic way. The Court has imposed a fine on the UK government, which has, in turn, responded with actions like the 2030 petrol ban.

From 2030, the Government’s petrol and diesel ban comes into place, meaning that any new vehicle powered by either petrol or diesel won’t be sold in the UK. After 2035, any new vehicle sold will need to be electric. Second-hand vehicles won’t be affected by the ban and will continue to be sold in showrooms.

Diesel engines are amongst the most polluting on the roads as a result of what’s called a DPF or Diesel Particulate Filter. This is inside the exhaust system and gets easily blocked when a diesel car is limited to short journeys, because the car remains too cool to burn off its particulates. It’s blocked DPFs that cause diesel cars to be incredibly polluting – and it’s not helped by the fact that DPFs are expensive to clean and to replace.

Are diesel cars worth buying?

Whether or not a diesel car is worth buying is entirely dependent on what kind of driver you are. Diesel cars still have a far better fuel economy than either petrol or hybrid models, provided you travel a high annual mileage (over 15,000 a year as an average) or regularly drive on motorways.

If your journeys are typically short, low-speed, or start-stop – for example, if you travel around urban centres frequently – then a diesel car is a less ideal vehicle. Your DPF is more likely to get blocked, which may mean an expensive repair job for you. You’re also more likely to be polluting with a diesel driven at lower speeds than either a petrol or hybrid.

If you do have a diesel car and drive for short distances at low speeds, then you should aim to make a long drive (over 40 miles, on a motorway) once a month to avoid the risk of your DPF blocking.

That said, because there’s a slump in interest for diesel cars, you can get some fantastic deals on new and second-hand models. These discounts are so significant that they may even offset the higher tax rate you’ll pay on a diesel model. Just ensure that you receive a full service history for any diesel model you’re considering – if the previous owner used the car for start-stop, low-speed journeys, then the DPF may need replacing, which will cost you a serious amount of money.

Will diesel cars be banned in the UK?

There is a risk that diesel vehicles will be banned in city and town centres in the coming years.

London already has the Ultra Low Emissions Zone (ULEZ) in place, which costs diesel cars registered before September 2015 and petrol cars registered before 2006 an extra £12.50 a day on top of the Congestion Charge. Further city and town centres such as Leeds, Oxford, Birmingham, and Greater Manchester, have plans to implement similar policies in the future.

Should you buy a diesel car in 2022?

Whether the purchase of a diesel car in 2022 is a good idea depends on your driving habits. If you have a high annual mileage and regularly travel at speed (that is, on motorways), then a diesel car will have an advantageous fuel economy. If you’re shopping around for a diesel vehicle, you’ll find great deals available as a result of their slump in popularity.

However, if you predominantly drive in city centres, take start-stop journeys, and have a lower average mileage, then a diesel car is likely not the best idea.

If you have concerns about whether a diesel car is right for you, you can contact My Car Credit’s team of specialists today. They can help you find a car loan quote for your diesel vehicle (or alternative fuel) and answer any questions that you may have.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

diesel diesel ban

Can I Buy a Car without a Log Book?

Dog in a car that was bought without a log book

A car’s logbook is also known as its V5C. It’s a red document that details information on the car, as well as specifying who is responsible for taxing and registering it. Although it’s both possible and legal to buy a car and have that car’s ownership transferred without a log book, we wouldn’t recommend doing so.

Why you should always buy a car with a log book

It’s possible that the person from whom you’re trying to purchase the vehicle has genuinely lost the logbook.

However, if they don’t have their log book, it could also indicate that the car is stolen or has finance still owed on it – typically, these will be logbook loans, where the vehicle’s owner used the logbook in order to secure a loan against it. You may consequently find yourself responsible for repaying this outstanding finance, despite having not owned the vehicle at the time the finance deal was established.

DVLA replacement log book service

The DVLA has announced a service for ordering a replacement log book, provided that no details on that log book – such as name or address – have changed. It costs £25, is delivered within five days, can be paid by credit or debit card, and the application process is online.

If you’ve found a vehicle that you want to purchase but the log book is missing, we recommend liaising with the seller to order a replacement log book. You can then carry out the deal as normal and follow standard protocol on advising the DVLA of transferred ownership.

Don’t forget that you can always check your eligibility for car finance with My Car Credit’s car finance checker. We’ll make your car finance journey smoother.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

car buying tips car dealer DVLA log book V5C

Which Used Cars Have Zero or Low Road Tax?

Whether you cruise along country lanes or speed along urban motorways, if you’re behind the wheel of a car you’re subject to road tax. Brits are a thrifty bunch. As such, it’s no surprise that many motorists take steps to minimise their road tax payments.

So, which used cars have zero road tax? Here’s our guide to beating the Exchequer and keeping your road tax payments as low (or non-existent) as possible.

What is road tax?

Road tax, or Vehicle Excise Duty (VED) as it’s officially referred to by the government, earns the Exchequer around £40 billion a year. This translates to around 5% of total government revenue. It’s a huge cash cow and plays a big role in topping up the kitty.

Contrary to popular belief, road tax isn’t necessarily used to maintain roads and doesn’t go directly to the Department for Transport. Instead, it’s channelled to the Exchequer along with other duties such as council tax. Sure, this fund can be used to fix potholes and build new motorways. However, VED can also be put towards the construction of schools, hospitals and other government-funded projects.

What can you expect to pay?

VED rates increase with inflation and as a result, payments tend to climb every year. If you drive a petrol or diesel car registered after April 1 2017, your annual flat VED rate is £155. For alternatively fuelled cars, including hybrid, LPG and bioethanol vehicles, the rate is £145. If you drive a luxury car valued at £40,000 or higher, an additional £335 is added for your first five years on the road.

Before you switch to the flat rate, you’ll pay an initial ‘first year’ registration amount determined by CO2 emissions. This can be up to £2,365, depending on the model and environmental credentials. All this changes if you drive an emissions-free vehicle, with VED dropping to zero, even if your car is worth more than £40,000.

The bottom line? Go electric and unlock big savings.

Embrace the EV revolution

In 2021, battery electric vehicles (BEVs) accounted for around 4% of new car sales in the UK. This may seem small, but it represents a huge leap compared to the 0.6% market share BEVs occupied in 2019. This is great news for used car buyers as an increase in new BEV sales translates to more choice on the preowned market. Today, you’re spoilt for choice with a huge range of all-electric saloons, hatchbacks and SUVs.

According to the UK government website “the electricity must come from an external source or an electric storage battery not connected to any source of power when the vehicle is moving to be exempt”.

Here are a few of our favourite models if you’re wondering which used cars have zero road tax.

Tesla Model S 2014

In 2014, a brand new Tesla Model S came with a price tag of up to £96,000. Opt for a second-hand model in 2022 and you can slash your budget to as low as £22,000. The high-end Model S was considered state-of-the-art in its day and still holds its own against newer models. The seven-seat models can take you from zero to 62mph in just 2.5 seconds, meaning the Tesla Model S doesn’t compromise on speed or power.

Sure, the latest Tesla models may feature exciting new bells and whistles, but the overall design remains very similar. All Tesla models continue to rely on the Supercharger network which means you won’t run into any headaches when looking for places to power up.

Nissan Leaf 2010

In its heyday the Nissan Leaf 2010 sold for between £30,000 to £40,000. Today, you can snap one up for as low as £3,000, depending on mileage. You’ll enjoy a compact size for easy inner-city driving and parking, excellent safety features and a surprisingly spacious interior. What’s not to love? A 108bhp motor promises plenty of power and while you won’t be able to hit more than 93mph, this punchy little model is perfect for urban driving.

Jaguar i-Pace 2018

If you want to go electric but would prefer a newer model, consider the Jaguar i-Pace 2018. In its launch year the Jaguar i-Pace would have cost you around £65,000. More if you wanted extra features. Today you can score these luxury EVs for as little as £40,000 and pay zero road tax. What’s more, the newer release date means the market isn’t flooded but if you can get your hands on a used Jaguar i-Pace 2018 you won’t regret it.

Opt for low emissions and save

Another great way to keep your road tax to a minimum is to opt for a low emissions vehicle. Road tax is determined by CO2 emissions which means the greener your car, the less you’ll pay. So, which used cars have low road tax?

Aim for a vehicle that falls into the 1 to 50 CO2 emissions (g/km) bracket and you’ll pay just £10 for your first-year registration tax. For cars in the 51 to 75 CO2 emissions (g/km) range you’ll pay £25. Compared to the £2345 you’ll have to fork out for vehicles with emissions of 255g/km or higher, the savings for low-emissions vehicles are enormous.

Go retro and avoid road tax

Wondering which used cars have low road tax? The UK government has confirmed that vehicles manufactured before 1 January 1981 are exempt from road tax. Why? It’s generally assumed vintage cars won’t rack up enough miles to make a significant contribution to CO2, hence the exemption. As such, if you’re willing to take your chance on a car manufactured before 1981, this could be a novel way to avoid road tax.

Get behind the wheel of a used car today

Now you know more about which used cars have zero road tax, it’s time to start shopping. Whether you’re searching for a used Ford Fiesta, a preowned Vauxhall Corsa or an eco-friendly electric model, we’re here to help. Check your car finance eligibility online or get in touch with the My Car Credit team to find out more about how we can get you behind the wheel of a low-tax used car and unlock big VED savings in the process.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

electric cars green cars road tax ULEVs VED

How Long Does It Take to Buy a Car?

On the hunt for a new – or nearly new – set of wheels and wondering how much time it might take to buy one? It’s definitely not a task for your lunch break, as there are a number of variables which will impact how long it takes to buy a car. We look at the main factors to consider below.

Buying a car – what to consider

After a house, buying a car is likely to be the second largest purchase you ever make. For that reason, it’s important not to rush it. In fact, 2020 research by Cox Automotive Research & Market Intelligence found that people are in the car buying ‘market’ for an average of 89 days.

That might seem like a long time, but in reality, purchasing a car is a fairly time-consuming activity. Variables such as the below will impact exactly how long it takes to buy a car.

Research

First up, you’ve got to do your research. Is safety your priority, or are speed and style more important? What’s your budget, and what kind of financing do you need? Are you heading to a dealership, or are you okay with a private seller?

This period can take the longest, and be a real time-sap – if you allow it to be. Answering these questions before beginning your research can help to streamline it. Plus, if you know what you want from the off, you’re less likely to spend time negotiating with the salesperson as they try to upsell expensive add-ons and features.

Shopping around

As we say above, you can speed the process up by going into the shopping process with a clear idea of what you want. Don’t forget to include test drive times in your shopping timeline – this will usually be around 30 minutes or so per test drive.

It’s worth setting aside a day or two for the actual shopping part. Heading to different dealerships allows you to gauge which will offer you the best price and/or financing, helping you secure a deal that works for you.

Remember that buying a new car will likely be faster than a used car. It may take longer to find a used model that you’re happy with, and you’ll also need it to be evaluated prior to purchase. A trade-in will also extend the buying period.

Paperwork

You can speed this process along by heading to the dealership or private seller with the following:

Your licence
Registration
Any agreed payment details including financing
Proof of insurance

Going in with your paperwork will speed up purchasing time, as you won’t be haggling with dealers over the specifics and any credit check and ensuing agreement will already have been pre-established.

Car finance doesn’t have to take so long!

Looking to cut down how long it takes to buy a car? You can use My Car Credit’s car finance calculator to get a no-obligation quote for car finance within minutes. Plus, if you have questions about the buying process, our friendly team are always on-hand.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

car buying car finance process

When is the Best Time to Part Exchange a Car?

Part exchange – also known as PX – is a hugely popular way for Brits to sell their car. It allows you to avoid the hassle of privately selling. Furthermore, you can use your current car to partially finance a new vehicle.

There are real benefits to part exchanging a car. As such, the best way to take advantage of these is to part exchange your car at the right time. That’s why we’ve outlined exactly when that is below, as well as detailing what to consider if you are thinking of embarking on a part exchange or at the end of your contract.

What is a part exchange?

Put simply, a part exchange is when you use your current car as partial collateral for a new one. You’re essentially trading your current car in for another – usually more expensive – vehicle and using it to finance that purchase.

How does a part exchange work?

Typically, a dealer will evaluate your current vehicle. Once this value has been confirmed and settled upon by both parties – that is, you, as the seller, and the dealer, as the buyer – then the dealer will take the value of your current car off the price of the new one.

By part exchanging, you’re therefore partially covering the cost of your new vehicle with the total value of your old. The state of your current vehicle will inevitably impact its valuation by the dealer – as will the time of the year when you choose to part exchange.

When is the best time to part exchange a car?

New number plates are released in the UK twice a year. This happens in the months of March and September. One of the best times to part exchange a car can therefore be February and August – the months prior to these new release dates.

That’s because buyers will tend to wait until these new releases, which can result in slow sales for dealers. Dealers may therefore be more willing to offer a good deal – or at least to negotiate – around these months.

How to ensure your current car holds its value

There are a number of factors that could impact the dealer’s evaluation of your car.

Damage

This is an obvious one, but any damage to your vehicle’s wheels, paintwork, or body can impact its value. Dents and scratches can deplete this by hundreds of pounds, so the condition of your vehicle is vital in securing a part exchange that is financially beneficial for you.

If you’re time-strapped and haven’t managed to get your car in for a service, be sure to do your research and know how much the repair of a dent or scratch would cost. You can then ensure that any salesperson doesn’t deduct any higher than this number.

Keep on top of your MOT and service

A full service history adds value to a car, so keeping a record of this is essential. In fact, an incomplete service history can deplete your vehicle’s value by up to 10%.

You also want to ensure that you have more than three months left on your MOT, and make sure you’ve kept hold of any spare keys.

Low mileage

Models with low mileage, exciting add-ons, or unusual colours may add value to your car. It’s worth bearing in mind what kind of car the dealership is after – there’s no point offering your Mini to a dealership that specialises in Range Rovers.

Remember to negotiate

Remember to go in with confidence but be prepared to haggle. Negotiations are always a component of a part exchange. That said, it’s important to feel that you’re being heard and not taken for a drive (pardon the pun).

Walk away from the conversation if it’s not going anywhere and re-evaluate your options. Dealers are there to make money and get the best deal possible, which may end up with you feeling short-changed. Remember that it’s always an option to sell your car privately – although this will require more effort on your part.

Financing your purchase

Part exchange will cover some of the cost of your new car. You can maximise how much it covers by knowing the best time to part exchange a car. But for the rest, you’ll usually need to call on car finance.

That’s where My Car Credit can help. Our friendly team can advise on car finance eligibility, before finding a great deal to help you spread the cost of your purchase. Contact us today on enquiries@mycarcredit.co.uk to find out more.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

car buying part exchange selling a car

Is It Worth Buying a Car Over 100K Miles?

With the average new car costing between £12,000 for small models and £35,000 or more for more luxurious rides, many motorists opt for a second-hand vehicle. There are big savings to unlock, particularly if you’re willing to opt for an older and well-used vehicle with more than 100K miles on the odometer. This is an option that many Brits embrace, with the latest statistics suggesting used car sales outpace new car sales by around three to one in the UK.

So, is it worth buying a car over 100K miles? Below, we look at the pros and cons of purchasing a high-mileage car.

Understanding the miles/age ratio

Before we get started, let’s take a moment to define where a car with 100K+ miles on the odometer sits on the condition scale. As a general rule, a five-year old car should have done around 75,000 to be classed in “average” condition. Anything over is considered a “high mileage” while anything under is considered in “good” or “excellent” condition.

Another factor to consider is the age of the car as this can have a significant impact on overall condition and performance. Many modern cars may have more than 100K on the odometer but will still be in great condition with lots of life left in the engine. This is because newer models feature more advanced technology. A 2019 model that’s done 100K will likely offer better longevity than a 2016 model with 100K and will be priced accordingly.

The pros of buying a car with 100K miles

There are plenty of plus points to enjoy when purchasing a high-mileage vehicles, with some of the best spotlighted below:

Lower purchasing price

The cost of buying a new car has increased exponentially over the past few years. This means most Brits need to take out credit to get behind the wheel of a new car. When you buy a second-hand vehicle with 100K+ on the odometer you can drastically reduce the cost of ownership. Some people choose to pay with cash, allowing you to eliminate debt completely. If you don’t want to pay for your second-hand vehicle outright and plan to take advantage of low-interest car loans, the lower price tags of vehicles with 100K miles keep your payments low and affordable.

Lower depreciation

It’s not unusual for the value of a brand-new car to decrease by up to 30% in the first year of ownership. In the first five years, the value of the car will likely drop by 50% or more. By opting for an older vehicle, you’re avoiding this initial depreciation. Furthermore, the ongoing rates of depreciation tend to be lower for cars that have done 100K miles or more. This means that in a few years, you may be able to sell the car for a similar price to what you purchased it for. In some cases, you may even be able to secure a higher price.

Cheaper insurance

High purchase prices generally translate to bigger insurance bills. One of the main benefits of buying a second-hand car with 100K+ is the big savings you’ll enjoy from your insurer. Older and more utilised vehicles are a lower risk for insurers, which means your monthly premiums will drop to reflect this.

The cons of buying a car with 100K miles

While there’s lots to love about buying a car with 100K miles, there are also some cons to consider.

No complimentary servicing

One of the major benefits of purchasing a nearly-new car is the warranty and complimentary servicing that’s often thrown in by the dealership. When you purchase a second-hand vehicle with more than 100K miles on the odometer, chances are the car is no longer under warranty and has exceeded its free servicing timeline or mileage limit. This means any work done on the car will need to be paid for out of pocket.

Heavy wear and tear

There’s no two ways about it – cars with 100K+ on the odometer have racked up a lot of time on the roads. This means the engine and all other components have been put through their paces. For example, a car with 100K+ miles may have been used as a taxi or rideshare vehicle. In some cases, this can make second-hand cars a risky purchase as they may be well past their prime.

Restrictions on finance

Bearing in mind the point made above about wear and tear, this can make a car with 100K+ on the clock a poor prospect for car finance lenders too. It will be much harder to find a lender prepared to finance your car. As such, this could limit your options if you do wish to go down the finance route. Most lenders will stipulate that your proposed car must have done under 100K miles.

The bottom line on buying a car with 100K miles

Is it worth buying a car over 100K miles? The answer depends on your budget, personal preferences, and what level of risk you’re willing to take on. Many British motorists choose to purchase cars over 100K miles and are very happy with their decisions. The key is to do your research and learn about the reliability of different models and how they fare after racking up 100K miles or more. When you’ve settled on a particular car, be sure to dive into its service history and do some sleuthing about its previous owner and any accidents it may have been in. This arms you with the knowledge to make an informed decision when purchasing a well-used car.

Sure, you may not get to enjoy that coveted “new car smell” when you purchase a second-hand vehicle. But the savings you can unlock are a huge bonus and are the reason many motorists decide to buy a car with 100K+ miles. And of course, you can always recreate the new car smell with air fresheners, leather conditioners and odour eliminators that will make you feel as though you’re driving straight out the showroom.

Find out what you can afford

Is it worth buying a car over 100k miles? For the right vehicle, the answer could be yes. However, the benefits of a low-mileage car are hard to resist for many motorists. If you’d like to get behind the wheel of a newer vehicle that hasn’t been heavily used, car finance is a great option. Our car loan calculator UK is a great place to start, helping you crunch the numbers and get a good idea of how far your budget will stretch with a competitive loan.

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Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

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What Is a Car Subscription Model?

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Businesses must evolve to stay on top of their market, responding to consumer needs and trends before consumers even notice them. That’s why car subscription models have begun to gain some traction in the auto world. They’re particularly targeted at non-traditional sections of the population – most notably millennials.

Below, we outline what a monthly car subscription service in the UK might look like. By giving you the advantages and disadvantages of a car subscription model, we help you to make an informed decision regarding your car finance needs.

What is a car subscription?

If you use services like Netflix or Amazon Prime, you’ll be familiar with a subscription business model. A car subscription is no different. These schemes were introduced as a flexible way for consumers to lease a car. You pay a monthly ‘all in’ fee which includes access to the vehicle, insurance, road tax, and any maintenance or servicing fees. You just have to add fuel.

The benefits of a car subscription

Price transparency

With a car subscription, you’re given total price transparency from the off, so you know exactly what you’ll be paying and when. This is a major appeal for many consumers, who find the schemes more manageable than navigating traditional modes of car finance.

Bear in mind, however, that any quote provided on car finance by My Car Credit will always be transparent too. With us, the rate you see is the rate you get, and there are no hidden fees or surprise costs.

Ease of online applications

Millennials are the primary target audience for car subscriptions. As this cohort of people tend to be digital-savvy, they prioritise using online resources in order to shop about for products. Subscription services will tend to be made available online. Furthermore, the ultimate transaction takes place digitally too. As such, this is another reason why they appeal so significantly to this market.

My Car Credit has been riding this wave for online car loan applications for a while. In fact, with our car finance calculator, you’ll be able to have a quote for car finance within minutes after inputting only a few personal details. From there, the application process is quick and pain-free. In fact, we receive frequent customer feedback on how simple and easy our process really is.

Flexibility

Car subscription services don’t have long-term contracts – they’re far more flexible. Typically, after a 30-day period, drivers can cancel the subscription whenever they please. They can also move onto an alternative model of car too. As such, subscription services are ideal for drivers who get easily bored of their wheels.

You can usually swap car models around with some ease – depending on your subscription provider. Bear in mind, however, that chopping and changing your car around might not be suitable for all drivers. Families, for example, may want one vehicle that can be relied on to hold all of their essential kit, without regularly moving things around.

The disadvantages of a car subscription

Price

A big downside for a UK-based monthly car subscription is its cost. Subscriptions are not cheap – they’re more expensive long-term than leasing, financing, or most other car finance options. In order to get the convenience of the service, you’re paying a premium – and that might be beyond your budget.

Usage caps

A monthly car subscription in the UK will often come with some kind of vehicle cap for the car’s usage. Essentially, you might find yourself facing restrictions with who can drive your car – and a mileage cap. If you’re a driver who needs to cover a lot of ground for your job or personal life, then a subscription model might offer serious limitations. Car finance, on the other hand, is unlikely to stipulate mileage caps of this kind.

Can be limited

Car subscription services in the UK have various limitations. They aren’t available everywhere, for one thing, so where you are based will dictate whether or not you have access to a scheme.

Similarly, some car subscription providers won’t allow you to access the subscription unless you are of a certain age or have had your licence for a particular length of time. This can be off-putting for drivers who don’t fit within these stipulated brackets.

Any questions? Speak to My Car Credit

If you’re keen to discuss your car finance needs, you can start up a conversation with one of our friendly team today. They’ll be able to guide you through the benefits of car finance compared to a subscription model. In addition, they can address any queries or concerns you may have.

Call us on 01246 458 810 or email enquiries@mycarcredit.co.uk and we’ll get back to you as soon as we can.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

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Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

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What to Look for When Buying a Smart Car

We’ve all seen Smart Cars nipping around city streets – especially if you’ve ever visited continental Europe. They make great urban vehicles, as they’re as long as standard cars are wide. Therefore, they can park nose-first in parking spaces.

They’re nippy and – despite their size – do actually offer fairly decent boot space. In addition, they’re comfortable, with enough legroom for the average passenger. Plus, because they’re a German brand – Smart Cars are actually a division of Mercedes Benz – they’re made with care and quality.

Fans of Smart Cars are real advocates, listing the vehicle’s park-ability, nippiness, comfort, and compact size as amongst its benefits. However, as with any used or nearly-new vehicle, there are certain things to look out for when buying a Smart Car.

Buying a Smart Car: what to look for

Brakes

The brakes of a Smart Car are expensive. So, when you’re test driving or inspecting a model, be sure to check on the front springs, as these can break. Furthermore, ensure that you can’t hear any rattling when you go over speed bumps which might indicate wear.

Tyres

Only two companies in the world make tyres suitable for Smart Cars – and they’re not cheap. Typically, the Smart Car has rear wheel drive. The tyre on the rear passenger side will tend to wear the quickest as that’s the driving wheel. Smart Cars are one wheel drive, so check its treads when inspecting the model.

Exhaust

Find the exhaust of the model you’re looking at and gently press on it. It should feel solid, and shouldn’t rattle. In addition, when you’re driving, it shouldn’t be noisy. Replacing the exhaust flexi pipe requires taking apart a significant amount of the car’s main body, which can be an expensive and time-consuming task. As such, ensuring the exhaust is robust and working properly from the off will avoid this faff.

The ECU

The electrical components of a Smart Car are under the passenger foot bed. This means that if the passenger gets in the car with wet boots, some water can trickle down into the ECU, which will damage the car. If you find damp around that area, you can use this as a leverage to negotiate for a better price.

Miscellaneous

The older intercoolers of this car do tend to leak. Therefore, look out for newer ones, as this means the previous owner has been diligent with upkeep.

You also want to ensure that the car has previously had regular oil and filter changes. Of course, it’s also worth checking standard fare. For example, ensure the horn works, the gearbox is responsive, the engine is robust, and body parts are as they should be.

Buying a Smart Car with finance

The final thing to look for when buying a Smart Car is a finance deal that’s fair and affordable. This means you can spread the cost of your new ride. When you get a car finance quote from My Car Credit, we compare deals from a vast panel of lenders so you don’t need to shop around to get a great price.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

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What is the Best Used Estate Car to Buy?

When it comes to space, it’s hard to beat the generous dimensions of an estate car. There are some fantastic new models on the market this year. However, you can unlock big savings by purchasing a second-hand estate car. Not sure where to start? Read on as we cover what is the best used estate car to buy. In addition, we’ll go through what to look for when browsing the second-hand market.

Getting to know estate cars

If you’re not familiar with estate cars, let us give you the lowdown. While the front of the car resembles a standard hatchback, the rear features an extended boot with a cavernous cargo area. Space is the main selling point. As such, estate cars are hugely popular among families with bucketloads of luggage, sports enthusiasts carting around bulky equipment and pet owners with a couple of four-legged friends in tow.

Fun fact – did you know estate cars, or station wagons as they’re often referred to, are named after their original purpose of ferrying passengers and luggage between railway stations and country estates?

Estate cars vs SUVs

In many ways, estate cars are comparable to SUVs as they offer far more space than the average car. Though instead of off-road styling, they champion a sleek and urban aesthetic. This means they’re just as comfortable loaded up with camping gear as they are commuting to the office on a Monday. They also feature a low-profile like their hatchback and sedan counterparts. As such, they can appeal to drivers who want extra space but don’t feel comfortable driving bulky SUVs. Fuel economy is also a factor, with estate cars generally guzzling less fuel than SUVs.

Our top 5 used estate car models

Before we get started, let’s bust some myths about the term “used”. Buying second-hand doesn’t have to mean settling for a model with more than 150,000 miles on the odometer. Though of course, if you’re on the hunt for a serious bargain this can be a good option. In many cases, buying a “used” estate car can mean getting behind the wheel of a model that’s only a year or so old. Furthermore, if you’re really looking for that new car aroma, you could even opt for a test drive model.

1. Skoda Superb Estate

Spacious and sturdy, the Skoda Superb Estate boasts one of the biggest boots in its class. Models from the last five years offer excellent fuel efficiency and are great for long-distance driving. The generously sized interior coupled with low running costs make the Skoda Superb Estate a firm favourite with families. While the Skoda Superb Estate enjoys glowing reviews from most owners, there have been reports of water leaks in the boot. With this in mind, be sure to give your used model a good once-over during the test drive.

2. BMW 3 Series Touring

Luxury meets practicality in the BMW 3 Series Touring. Packed with high-tech features, this model treats you to all the bells and whistles you expect from BMW. It’s also easy on the eye, with the sleek design challenging perceptions of estate cars. If you’re looking for a family-friendly ride with an executive feel, the BMW 3 Series Touring will tick all your boxes. The 2020 model is available with a variety of different engines, including petrol- and diesel-powered.

3. Ford Focus Estate

What is the best used estate car to buy if you’re looking for value for money? The Ford Focus Estate builds on the success of its wildly popular predecessor. Furthermore, there are some great deals to be had when buying second-hand. Sure, it’s not the biggest or most luxurious model on the market. However, you’ll enjoy excellent handling, impressive fuel economy and some great tech features on the newer models.

4. Dacia Logan MCV

If you thought the Ford Focus Estate offered excellent value for money, wait until you meet the Dacia Logan MCV. A true bargain-basement estate car, this model is marketed as a ‘Maximum Capacity Vehicle’. Indeed, the Dacia Logan MCV offers plenty of space for passengers and luggage alike. The 2019 model boasts an impressive 573-litre boot that can handle all the golf clubs, dog kennels and flat-pack furniture you can throw at it. While the Dacia Logan MCV has now been discontinued, there are loads of used models out there and some serious deals to snap up if you know where to look.

5. Mercedes E-Class Estate

There’s plenty to love about the Mercedes E-Class Estate, including the luxurious interior and elegant styling that redefines the station wagon aesthetic. Sliding into the driver’s seat, you’ll immediately notice the intuitive cockpit features, high-quality materials and luxe leather trim. The Mercedes E-Class Estate doesn’t compromise on space. As a result, the 2016 model offers a mammoth 640-litre boot or 1820 litres with the rear seats folded down.

Choosing what is the best used estate car to buy

All factors considered, what is the best used estate car to buy? Ultimately, the best model for you will depend on your personal preferences and budget. If you’re looking for value for money, the Dacia Logan MCV is hard to beat. The Mercedes E-Class Estate promises unparalleled luxury. However, the Skoda Superb Estate is a top performer when it comes to space. When deciding what is the best used estate car to buy, we always recommend taking the time to establish your priorities, do your research and get stuck into online reviews.

When you’re ready to get behind the wheel of your dream estate car, we’re here to help. With access to one of the biggest lending panels in the UK, we have the experience and expertise to secure you the best used car finance deals. Contact us today to find out more about how to unlock the best used car finance deals in the UK.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Is the Hyundai i10 a good car to buy?

Top 9 underrated cars under 10K

Why is the Fiat Panda so popular with drivers?

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

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!

or call 01246 458 810

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