The age and mileage of a used car that is eligible for a car loan will be determined by the individual car finance lender.



‘Generally’ some of the lenders that My Car Credit work with will restrict a cars age to 12 years old, this would be the age at the ‘end’ of the proposed finance term and a total mileage of 100,000 miles at the ‘start’ of the proposed finance term.



That means that if you wanted to apply for a 5 year car loan, the car cannot be older than 7 years at the time of purchase.




However, there can be exceptions


These restrictions should only be treated as guidelines. Some lenders will look at each application on an individual basis, factors such as the strength of your  credit profile, the type of car you are looking to finance would be considered. My Car Credit and the lender may request extra checks on the car such as an MOT or HPI check.


If you are looking to finance a used car that doesn’t quite meet these guidelines it would be better to discuss in more detail with your allocated Car Credit Specialist at the time of application.




How can My Car Credit help you choose the right used car that fits the right criteria? 


My Car Credit offer an extensive My Car Search’ to all of our customers as part of our promise to provide the best car buying experience.


Our stock feed consisting of over 100,000 cars is updated daily and all cars are sourced from our network of Trusted Car Dealers that meet the requested criteria.



All of our Trusted Car Dealers often referred to as ‘My Car Dealers’ have been vetted by My Car Credit based on their status with the Financial Conduct Authority (FCA), for their financial stability and customer service standards.



This means our customers can be assured that choosing their car through My Car Credit will provide them with the best choice of cars, the best car buying experience an excellent after-sale service.



So why not click here and access My Car Credit’s My Car Search to browse your local area for used cars?



If you would like further advice, you can call any of our Car Credit Specialists on 01246 458810 who will be more than happy to guide you through choosing the right car for you and your online car finance application.