There’s no hard-and-fast answer to the question of whether it’s cheaper to buy a car online. Buying a vehicle online has its conveniences, but it does also have drawbacks, including limitations on your car finance eligibility.

What to think about when buying a car online

Consumers in almost every area are moving towards digital-first purchasing. Whether it’s your food shop, a new coat or even a car, there’s a lot to be said for the convenience of online purchases.

When it comes to buying a car, there are advantages to purchasing one online. Firstly, it saves you the time and effort of having to shop around different dealerships, and also reduces the pressure of haggling with a salesperson. Plus, if you know exactly what car you want and aren’t phased about test driving different models, then purchasing a car online can be expedient.

That said, there are potential drawbacks to buying a car online. Whilst purchasing a car on the internet ensures you won’t be pestered by any sales people, you’re less likely to be able to take advantage of discounts, and your potential to negotiate will be significantly reduced.

You’ll also be limited in terms of your car finance options. You’ll be able to fund the purchase of a vehicle online by way of a personal loan or a car loan, but other forms of car financing may not be available. Buying the car through a personal loan would also make you the car’s outright owner, which is a responsibility that you may not want.

Find out more about financing an online car

If you’re thinking about buying a car online but have questions about what kind of car finance this may afford you, contact our friendly car credit specialists today on enquiries@mycarcredit.co.uk.


Rates from 9.9% APR. Representative APR 11.9%

Evolution Funding Ltd T/A My Car Credit

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Representative Example

Borrowing £7,500 at a representative APR of 11.9%, annual interest rate (fixed) 11.87%, 47 monthly payments of £194.81 followed by 1 payment of £204.81 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,860.88, total amount payable £9,360.88.

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