When you’re looking to buy a car, its miles per gallon rating isn’t something most people get massively excited about – until you start spending more than you want to on fuel. Not fun.

Getting a car with a reasonable miles-per-gallon rate is key to budgeting for the running costs of a used car. It’s all well and good listening to official manufacturer miles per gallon estimations, but they are often an optimistic estimate of what the car can actually achieve. So, it’s advisable to get an unbiased view, which won’t leave you disappointed with the reality of your car’s MPG. The tool we recommend for this is the Equa Index.

The Equa Index was created by an independent company called Emissions Analytics who are data specialists. They have gathered and catalogued an impressive record of over 86,000 car information profiles on more than 800 vehicles. Information such as fuel type, engine size, model year and MPG are available to view for free. Here’s how it works.

Emissions Analytics has designed a test route which is meant to replicate a real-life driving scenario, which incorporates a mix of speeds, gradients and road types. Additional factors such as the climate are also taken into account. As opposed to other European miles per gallon tests, they conduct all of their car tests on the road to get a closer replication of the real-driving experience. They argue that this is one of the main factors which brings them their accurate results.

Having an accurate understanding of your car’s performance – especially with regards to petrol economy – is vital to choosing the used car you want to purchase. It enables you to budget for the running costs of the car and can help you to focus in on the kind of car you want.

My Credit Rating

Excellent

  • 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

Good

  • 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

Fair

  • 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

Poor

  • 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

Bad

  • 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
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 23.9%, annual interest rate (fixed) 23.88%, 47 monthly payments of £234.69 followed by 1 payment of £244.69, total cost of credit is £3,775.12, total amount payable is £11,275.12.

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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!