Ultimately, the limits on used car age and mileage will be determined by each individual car finance lender. These will also vary depending on your individual circumstances. In addition, each lender will have their own set of specifics when it comes to this area. However, there are some general guidelines around age and mileage that will help you when it comes to used car finance.

General rules

  • A car’s age at the end of the proposed finance term will be restricted to 12 years old. For example, when you apply for car finance loaned over a five-year period, the car cannot be over seven years old at the time of the initial purchase.
  • Your car’s total mileage will be limited to 100,000 miles from the start of the proposed car finance term.
  • There might be some mileage restrictions included in the term of your loan. Quite often, you may find some car finance lenders allowing for around 10,000 miles a year.
  • A less general rule involves the value of the loan. Some lenders will only agree to car finance for an older vehicle depending on the amount of the loan. Usually, this amount is set around the £3,000 mark, but this can vary.

The exceptions

Some of our lenders will review your application on a more individual basis. In exceptional cases, they may disregard some of the general rules outlined above. What’s more, factors such as the strength of your credit profile and the type of car you are looking to finance will be considered. In these cases, My Car Credit and the lender may request extra checks on the car, such as an MOT or HPI check.

Are you thinking of financing a used car that doesn’t quite meet the general guidelines? We’d advise you discuss it in more detail with your Car Credit Specialist at the time of your application? In conclusion, we’re here to help – from handling your application and helping you find a car to sourcing the best car finance lender for your circumstances.

How My Car Credit can help you find the right used car

As part of our promise to provide the best car-buying experience, My Car Credit offers a comprehensive My Car Search.

Our extensive stock feed of quality used cars is updated on a daily basis. Crucially, all the cars we have available are sourced from our network of trusted car dealer partners.

We take full responsibility for vetting all of our dealers for their credibility. This is based on their status with the Financial Conduct Authority (FCA), their financial stability and customer service standards. By choosing your car through us, you’ll get the best choice of cars, the best car buying experience and excellent after-sales service.

If you would like further advice or guidance on choosing the right used car for your budget, please get in contact on enquiries@mycarcredit.co.uk or call 01246 458 810.

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!