car buying Archives - Page 5 of 7

Buying a Car with Poor Credit – 3 of the Best Cars

Colourful cars lined up ready for poor credit buyers

Buying a car with poor credit can sometimes seem like an impossible task. Once you’ve been knocked back by your bank or other lenders, it’s easy to just give up and stick with the car you’ve got – or in some cases, no car at all.

Whether it’s through constant repairs to an old banger or the ever-rising fares for trains, buses and taxis, sticking with what you’ve got can actually end up costing you more over time.

The solution is to find where you can get a car loan with poor credit but also to find the right car. By choosing a car with a lower price tag, you won’t need to borrow as much. This means you’re more likely to get your finance approved or get a better deal overall.

Read on as we look at three of the best cars for poor credit.

1. Dacia Sandero Access

Dacia prides itself on offering a cost-effective alternative to almost any type of car. The Dacia Duster makes the continually popular SUV models a little more accessible at less than £12,000, while the Dacia Logan MCV Estate boasts a whopping 573 litres of boot space for under £11,000.

If you’re looking specifically at price as a bad or poor credit buyer, you can’t go better than the entry-level Dacia Sandero Access. From the decent boot space of 320 litres to its impressive fuel-efficiency at 55 miles per gallon, the Sandero Access is a great all-rounder, with an even better price tag.

2. Skoda Fabia

If you like the reassurance of a big-name manufacturer but don’t like the price tag that comes with it, Skoda Fabia is a great way to get the best of both worlds. We know what you’re thinking – Skoda is hardly a household name. However, as part of the VW Group, it has access to the same design and most of the same parts at the much-loved Volkswagen Polo.

With the base version of the Skoda Fabia from as little as £13,000, you can effectively get the drive of a Polo without the cost. With neat little features like DAB and Bluetooth as standard, this certainly won’t feel like a car for poor credit.

3. Citroen C3 Aircross

Citroen is perhaps best-known for its iconic people carrier, the Grand C4 Picasso. However, if you’re looking for something a bit more current, the Citroen C3 Aircross could be right up your street. This stylish SUV combines the comfortable driving experience of an SUV with the convenience and functionality that its C4 counterpart has become synonymous with.

Its impressive dimensions provide plenty of space within, extending from spacious seating and leg room to the 410 litres of boot space. That’s paired with a 1.2 litre petrol engine which offers a combined fuel economy of 51.5mpg. The result is a car that’s not only good for buying a car with bad credit – at a relatively low £18,000 brand new – but also pretty cheap to fill up and insure.

New or used cars for poor credit?

The cars listed above are some of the most affordable new models on the market. These will give you a good idea of the best brand new options for buying a car with poor credit. However, it’s important to weigh up both new and used cars to decide which is best for you.

With a new car, you’ll get a longer warranty, the latest features and typically a bit more fuel-efficiency. However, with a used car, you’ll benefit from proven reliability and cheaper insurance. Crucially, given that cars lose a big chunk of their value once they leave the dealership, used cars come at a lower cost.

Given that the cost of the car itself is a major factor for the cost of car finance, that means you won’t need to apply for quite as much. The great thing is you could have it paid off quicker or with lower monthly instalments. Either way, it will make it even easier to stick to those payments and improve your credit rating over the coming months and years.

Securing finance with poor credit

If you’re exploring buying a car with poor credit, speak to the team at My Car Credit. We draw upon a network of 27 trusted lenders to finance cars for poor credit, so you can spread the cost of your new ride regardless of your credit history.

Apply online today or contact our team to talk through your options with no obligation.

Rates from 9.9% APR. Representative APR 12.4%

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 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!

or call 01246 458 810

How Has COVID-19 Impacted Car Sales?

Since the initial UK outbreak at the start of 2020, COVID-19 has affected our lives in various ways. People have had to work from home, many have been furloughed or even lost their jobs, and we’ve all had to adapt to a more remote way of living.

Needless to say, this has had some direct and knock-on effects for car sales, as this post will explore.

The direct impact on car sales

The initial impact of COVID-19 on car sales came through the forced closure of dealerships. In the first lockdown, imposed from 24^th March 2020 onwards, dealerships were deemed non-essential and forced to close. This brought car sales to a halt, with many dealerships not prepared for non-contact and online sales.

Over time, car sellers have adapted their processes so they can provide plenty of information online and offer click and collect services or deliver cars to customers’ homes. That minimised the impact of following lockdowns, including the national one imposed at the start of 2021.

Knock-on effects of COVID-19

While the ability to buy cars and apply for finance from the comfort of your home has minimised the direct impact of COVID-19 on car sales, there have also been some indirect effects.

People being furloughed or losing work has naturally led to fewer people being able to afford a new car – or at the very least, they’re looking at more affordable cars.

Some borrowers may have been forced to miss payments or make late repayments on their loans, which will have a knock-on effect for their credit score. Fortunately, some providers have offered ‘holidays’ on loan and mortgage repayments, which has minimised the impact on those who have been affected – at least in the short term.

Post-COVID car finance

If you’ve been left with a poor credit score in the wake of COVID-19, My Car Credit is on hand to help. We provide car finance for poor credit score applicants, so you can still spread the cost of a new or used car. To find out more, email enquiries@mycarcredit.co.uk or call us on 01246 458 810.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Should I Buy a MINI Cooper?

Types of Tesla Models: Which Car is Right for Me?

Best Used Car Websites – Our Top 5

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 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!

or call 01246 458 810

car buying car dealer coronavirus covid-19

A Guide to Buying A Used Car Online

Two people searching online for their next used car

Online shopping has boomed in the last couple of decades, and car buying is no exception to the rule. Not only is buying a car online incredibly convenient, but you'll be able to search thousands of different makes and models, all from the comfort of your own home.

But what if you want to buy a used car? What are the differences with the sales process compared to purchasing a brand-new vehicle online, and are there any risks you’ll need to be aware of?

In this short guide, you’ll learn everything you need to know so you can search and buy your next used car online with total peace of mind.

Is buying a used car online safe?

More than likely, the very first concern you’ll have when buying a used car online is whether it’s safe.

It can be easy to focus on the negative stories you may hear about when browsing the web, but there is a perfectly safe way of purchasing a preowned vehicle online. Here are a few things to bear in mind:

Be aware of the dangers

While there are tonnes of great deals online, and many people have successfully purchased a used car online, there will always be situations where people can take advantage.

Only buy from an approved and reputable seller and be aware of online phishing. Anyone can put an ad out online, so do the proper due diligence to ensure the vehicle exists, and the registration number is valid. Sometimes, when the offer sounds too good to be true, it is!

If the worst happens and you think you’ve been a victim of fraud, the very first thing to do will be to report the issue to Action Fraud and contact your bank or building society to freeze your account temporarily.

Know your rights

Vehicles, new and used, bought through a dealership via ‘Click and Collect’ and ‘Click and Deliver’ fall under the Consumer Rights Act 2015. Buyers have a 14-day money-back guarantee to return the car if they decide they have changed their minds. This forms part of ‘distance selling regulations’.

There isn’t the same protection when buying from a private seller. However, the car must still meet the description of the advert and be road-worthy. Otherwise, the buyer may claim a refund under the Misrepresentation Act. The seller must also have the legal right to sell it.

It’s important to remember that when buying a used car privately, the buyer is responsible for ensuring that the vehicle is fit for purpose.

Do your research

As you would with any sizable purchase, it is crucial to do the necessary research into the product you are buying and check whether it matches the ad’s description.

If you are buying a used car from a local dealer, you’re given the freedom to inspect and test drive the car for yourself before parting with any cash. Where you cannot inspect the car, many dealerships and online dealers will provide you with comprehensive images of the vehicle along with videos and walk-arounds. Plus, you are protected by the distance selling regulations should a vehicle not live up to its description.

Be wise about payment

There are several ways to pay for a used car online, and there are different ways to ensure it’s safe, depending on who you are purchasing from.

When buying from a private seller, you should never hand over cash without seeing the vehicle beforehand. Reputable dealers and garages will always represent the car’s history, mileage, and condition in the advertisement correctly. However, if you’re unfortunate to come across a dodgy seller, it is comforting to know you haven’t parted with your money if the product doesn’t match the expectation.

Buying a used car from a dealer is much lower risk, and most will offer finance packages, allowing you to spread the cost across two to five years, dependent on the type of car finance you go for.

Arranging tax and insurance for a used car

Once you’ve placed an order or made a successful bid for a used car, you need to consider the best insurance policy for the vehicle. You can browse prices on comparison websites while you wait for delivery or pick up the car and then arrange for the insurance to start on the day it arrives.

Since you’re buying a used car, you may be conscious of any rising costs. If this is the case, there are certain modifications you can make to your insurance to lower the price. These include:

Have a black box fitted to monitor and carefully set premiums based on your driving habits.
Pay all of the policy off in one go rather than monthly or weekly.
Ensure the car is parked on a private driveway or garage rather than at the roadside.
Put the car on a multi-car insurance policy.
Improve your credit rating.
Remove any unnecessary extras you may not need.

A used car will more often than not be cheaper to insure than a brand-new model, but you need to consider that the age of used cars can make them more likely to break down and need maintenance. Repairs could hike up the overall cost significantly, which is why research and inspection are so vital.

You won’t be able to tax the vehicle until it is in your possession as you will need the official licensing documents. But don’t worry, this is a quick process that can be done over the phone or online, meaning you’ll be out on the road in no time.

Is it a good idea to finance a used car?

A used car financing deal can be a superb choice if you are money conscious or wish to spread the costs over months or years. The exact length of time it will take to pay off the car fully will vary depending on your agreement with the dealer or seller, so there is room for flexibility.

The two most popular ways of financing a car are Hire Purchase (HP) and Personal Contract Purchase (PCP).

With HP agreements, the cost of the car plus interest is spread across a set period of time. Once you’ve paid in full, the car then becomes your property. PCP agreements differ slightly, with lower payments across the term but with a deferred ‘optional final payment’ (sometimes called ‘balloon payment’) at the end in order to own the car. We cover more about these two car finance options on a separate article.

To secure a finance agreement, buyers need to pass a credit score check, as well as provide proof of identification and any other requested car finance paperwork. You can also opt to pay a deposit up front, but this is not a requirement. To ensure you’re in the best position to get accepted, you’ll need an active credit history to show you can manage money responsibly such as an owning active credit card, having a mobile phone contract or being on the electoral roll.

Getting finance deals on private sales, such as auctions or online bidding sites, is much rarer and complex. Cash, a personal loan or paying with a credit card tend to be the more favoured choices.

Do you need further help with buying a used car online?

As long as you avoid the pitfalls and do the critical research, buying a used car online could be one of the best things you’ll ever do and could save you thousands of pounds compared to buying brand new. There are plenty of reliable dealers and sellers out there that make purchasing a stress-free breeze.

However, you might still want that extra hand understanding all the specifics of finding a safe dealer and calculating the finance rate payments. That’s where My Car Credit can step in.

Simply give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk – one of our friendly specialists will be in touch shortly.

For additional information, you can also explore our the hundreds of helpful blogs and articles we have created to support you in your car buying journey.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

What is the Cheapest Month to Buy a Car?

Is the Skoda Octavia a Good Car?

Hybrid vs Plug-in Hybrid: What’s the Difference?

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 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!

or call 01246 458 810

car buying car buying online car buying tips cazoo cinch Jan24 online car buying online car finance

Who Are Cinch Cars and Should I Buy a Car from Them?

Blue car on customers drive delivered by Cinch

Over the years, used cars salesmen have developed something of a reputation. It’s for that reason that many people dread visiting a dealership and haggling over the price of a second-hand vehicle, especially if they don’t have a strong knowledge of what goes on under the bonnet.

But what if you could view thousands of cars online, all with complete service records and all priced at reasonable rates? What if you could browse pictures of the vehicles (inside and out), ask questions on their performance histories and finalise the deal, all with a few clicks of the mouse? What if you could receive the car direct to your door, meaning you never have to leave the house once throughout the entire process?

Step forward Cinch Cars. With the ability to review thousands of top-quality used cars and complete the transaction all in one place online, it’s a one-stop shop for your next set of wheels.

Who are Cinch Cars?

Cinch Cars was founded with the objective of taking a stressful process and simplifying it as much as possible. After all, why should buying a car be any more problematic than any other online purchase?

Based upon that business model, Cinch Cars put their customers at the forefront of every aspect of their operations. They stock thousands of cars from all over the UK, all of which are less than seven years old and have fewer than 70,000 miles on the clock. Customers can even use their old car as a makeweight in a part-exchange deal.

As well as providing an extensive online catalogue of high-quality used vehicles, Cinch Cars also offer a handy tool which can narrow down the overwhelming array of options based upon your personal preferences and circumstances. Then, when you’ve settled upon the car of your dreams, it’s time to turn it into a reality with just a few clicks of the mouse.

How does it work?

First of all, you should take the time to look through the thousands of vehicles available online at Cinch Cars. Each car comes with its own personal profile, including photos of the vehicle inside and out, as well as a full history of its owners and service records. After comparing and contrasting the vehicles in the Cinch catalogue, you should be well equipped to make a decision on your next car.

Once you’ve found the one for you, all of the relevant paperwork can be completed online. After finalising the transaction and transferring the funds, you’ll be asked to choose a date and a time for the car to be delivered to your doorstep. Alternatively, you can pick out a make and model from an approved dealership near you, making things as easy and as flexible as possible.

Prior to the delivery date, it’s a good idea to get the car insured and taxed. Cinch Cars offer a three-day driveaway insurance policy through their partners Tempcover to get you behind the wheel as soon as possible. However, it’s a good idea to make your own arrangements on a longer-term basis, as well. Then once the handover is complete, you’re in the driving seat!

Why should I buy a car from Cinch Cars?

Cinch Cars have transformed the process of buying a used car from an arduous one into a doddle. But aside from the convenience and efficiency they offer, there are a whole host of other reasons why you should buy from them, including the following:

Extensive online catalogue. Cinch Cars stock a huge range of cars in all shapes and sizes. Whether it’s a coupe, a convertible, a hatchback, an estate or an SUV you’re after, you’re sure to find something that tickles your fancy online.
Quality guaranteed. All of the vehicles listed on the Cinch Cars site have been rigorously tested via a 225-point inspection, ensuring everything is in perfect working order for when it arrives at your door.
The Cinch commitment. As Cinch pride themselves on only stocking the finest makes and models from the used car market, they never sell any vehicle that is over seven years old or has more than 70,000 miles on the clock.
No charge for delivery. After signing on the (virtual) dotted line, you can select a two-hour slot on a day that is convenient for you for the car to be delivered to your doorstep. What could be easier?
Faff-free returns policy. What happens if you get behind the wheel of your new car, but something just doesn’t feel quite right? No problem. Cinch Cars operate a 14-day, faff-free returns policy, entitling you to a full refund if you’re not completely happy with your purchase.

How can My Car Credit help?

With the logistics of locating and buying your dream car taken care of, all that’s left to worry about is how to finance the purchase. After all, such a deal is not a small sum and not many people would be able to come up with the funds necessary to complete the transaction in one fell swoop.

If you’re left asking “Can I afford to buy a car?” – My Car Credit can help. We scour the lending market to find the best deal for you, then handle all of the tiresome paperwork involved as well. We can access the best deals available from our large panel of lenders. This means we can find the right arrangement for your circumstances, even if you’re self-employed or have a poor credit history! Either way, we’ll give you a decision on car financing within a matter of minutes.

Also, if you’re looking for reputable car dealers to buy your next wheels from, we have our own stock list of quality used vehicles. All of our dealers have been vetted for your peace of mind. Simply put in your postcode and the distance you’re willing to travel and we’ll pull up all vehicles within your parameters.

Last but certainly not least, we pride ourselves on providing exemplary customer service to each and every one of our clients. That’s why we assign a specialist personal advisor to every case, ensuring there will always be someone in your corner when you need them most. Want to learn more about how we can help? Feel free to drop us a line at 01246 458 810 or send an email to enquiries@mycarcredit.co.uk. Don’t delay – get in contact with our friendly team today!

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Is It Worth Buying a Car Over 100K Miles?

Best Car for Commuting: 10 Top Picks

What Is a Car Subscription Model?

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 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!

or call 01246 458 810

car buying cinch cinch cars online car buying online car finance

Who Are Cazoo and Should I Buy a Car from Them?

Cazoo delivery person knocking on a black door

Does the idea of buying a car fill you with dread? If visiting a dealership, kicking tyres and wrangling over prices is your idea of a living nightmare, don’t worry – there is a better way.

Nowadays, it’s possible to browse a selection of car makes and models online, including detailed camera angles of the exterior and interior, a full review of their history and a comparison of their prices. What’s more, you can even sign on the virtual dotted line and handle all of the paperwork, all from the comfort of your own home.

How can you make this stressful procedure as painless and straightforward as possible? By visiting Cazoo, of course.

Who are Cazoo?

Cazoo is a fantastic new portal where you can access hundreds of used cars online, all in one place. They only stock the best used cars from across the UK, all of which are priced reasonably and transparently. Cazoo believe in putting the customer first, which is why they never include hidden fees or charges in any of their pricing.

Having been launched in 2018 by the brains behind LoveFilm and Zoopla – both of which transformed the movie rental and real estate industries, respectively – Cazoo brings a similar approach to the world of buying a car. While such a task used to represent a tiresome ordeal, it can now be conducted with a few clicks of the mouse.

Thanks to the vision of its founder and the dedication of its employees, Cazoo now makes buying a car as simple and as straightforward as any other online purchase.

How does it work?

As with any other important purchase, the first step in acquiring your next car starts with research. You can browse through the hundreds of available cars at Cazoo, viewing them from all angles and reading up on their history. They never stock cars with financial or insurance issues and always make sure their vehicles run like a well-oiled machine, meaning there are plenty of options for you to choose from.

After deciding on the car that’s right for you, it’s then simply a case of approving the transaction and transferring the funds. There’s no need for you to leave your home in order to obtain the car – instead, Cazoo will deliver direct to your doorstep in as little as 72 hours after the sale is completed. Alternatively, you can arrange to pick the car up from one of Cazoo’s Customer Centres.

Either way, the handover will be handled by a qualified specialist and you’ll have seven days in which to test the car out and see how you like it. If, for any reason, you’re dissatisfied with the vehicle, you’re entitled to a full refund within seven days of receiving it. You’ll also benefit from a week of free insurance cover, a free 90-day warranty and 90 days of free RAC roadside assistance, too.

Why should I buy a car from Cazoo?

Aside from the convenience and ease of buying a car from Cazoo, there are plenty of other reasons why this enterprising site is becoming more and more popular by the day. Here are just a few of them:

Huge range of top-quality cars. Cazoo pride themselves on only stocking the best used cars from across the market. Every vehicle on their website has undergone a recent service and MOT (where necessary), giving you complete peace of mind about its quality.
Meticulous attention to detail. Before a vehicle is listed on the Cazoo site, it undergoes a painstaking 150-point inspection to ensure everything is as it should be. Any car which doesn’t make the cut, doesn’t get sold.
Expert reconditioning. We’ve all experienced a used car that has seen better days. At Cazoo, they invest significant funds in restoring and reconditioning cars to the manufacturer’s settings, so it’s almost good as new.
Free delivery. Why would you go to your new car when your new car can come to you? Cazoo deliver seven days a week between 8am and 8pm, all across the UK. You could be behind the wheel in as little as 72 hours after completing the purchase, all without leaving your home!
Complete peace of mind. With seven days in which to return the car for a full refund, and a comprehensive 90-day warranty on top of that, you can rest assured that the vehicle you buy is right for you.

Who are Cazoo finance?

As well as facilitating the search for a used car and aiding the process of buying it, Cazoo can also help with finding the funds to complete the purchase. As a finance broker, they’ll always compare the deals offered by a number of different lenders and identify the one that’s best for you.

There are two different payment options to choose from. Customers can either opt for a Hire Purchase (HP), where you spread the cost of the car over an agreed number of monthly instalments. On the other hand, you might prefer to opt for a Personal Contract Purchase (PCP). With this plan, you pay lower monthly instalments over a pre-agreed term, at the end of which you can choose to pay a larger, final payment to secure ownership of the car.

PCP plans are cheaper and more flexible than HP ones, since you can always choose not to pay the final sum and switch to a new plan at the end of your term. Whichever way you choose to finance your car, Cazoo are on hand to meet your needs.

How can My Car Credit help?

If the convenience of Cazoo appeals, but you’d still prefer a slightly more hands-on approach to buying a used car, My Car Credit might hold the solution. We can help you source your dream vehicle through hundreds of approved dealerships across the UK, ensuring you find your perfect set of wheels.

What’s more, we can also provide the support and expertise necessary to facilitate the transaction at every stage of the process. That includes car financing – as the UK’s largest car finance broker, we can help you access the best lenders for your unique circumstances, even if you’re looking for car finance with a poor credit rating. Get a decision within minutes!

Best of all, we assign a personal advisor to every customer we work with, ensuring there will always be someone on hand to answer your questions and give you advice. Want to see what all the fuss is about? Get in touch with us on 01246 458 810 or send an email to enquiries@mycarcredit.co.uk. Get the wheels in motion today!

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Types of Tesla Models: Which Car is Right for Me?

How to Buy A Used Car: 6 Quick Tips

What is the Cheapest Month to Buy a Car?

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 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!

or call 01246 458 810

car buying cazoo online car buying online car finance

Can I Buy a Car During Lockdown?

Mother and daughter at home searching for a new car during lockdown

The second lockdown is upon us. Other than a few exceptions like schools and elite sport, the restrictions largely mirror those introduced in March. That includes social distancing when it comes to transport.

Despite key workers still needing to commute to and from work, people are again being asked to avoid public transport wherever possible, with car-sharing also seen as a no-go for people from different households. The most obvious way around this is to get a car of your own. Alternatively, entering the winter months, you might have noticed a few issues with your current car and be looking for a replacement.

In both cases, the solution is to buy a car. But what about the restrictions? In this post, we’ll explore whether you can buy a car during lockdown.

What the government says

Announced by the Government on Saturday 31^st October, the second lockdown will force all non-essential retailers to close from November 5^th until December 2^nd. Unfortunately, this includes car dealerships, meaning customers will no longer be able to buy a car in-person.

That said, the Government hasn’t banned the sale of cars completely. As with many other non-essential retailers, click and collect or delivery options are both still available. That means you can buy a car online and pick it up in person, or have it delivered to your address. It’s essentially a repeat of the “distance selling” regulations that were introduced in May.

How dealers can help

Despite being able to buy a car during lockdown, it’s understandable that many customers will still be concerned about the process. Will the pick-up or delivery of the car be Covid-safe? How can I make sure I’m choosing the right car without visiting the dealership?

Fortunately, having been through the same situation from May, many dealerships already have measures in place to make the process easier. Some offer video tours of the car to mimic the in-person experience. You can also expect better support by phone and webchat, with staff keen to continue sales remotely.

For complete peace of mind, it’s worth checking dealerships’ approach to coronavirus safety, hygiene and social distancing before buying.

What about finance?

The final part of the picture is how you pay for the car. Fortunately, that’s another area where measures have already been implemented.

It’s now possible to complete the whole finance journey online including sending and receiving documents, processing proof of ID and address and even e-signing to seal the deal. This was certainly a popular option in the first lockdown, with a 95% increase in car finance applications online compared to 2019.

At My Car Credit, we will remain open for business as usual, with exactly the same opening hours. The majority of our staff are working from home, using new and improved technical equipment and telephone systems and waiting for your call! Some of our operational teams will continue to work from our Covid-secure offices. This is to ensure we maintain the excellent service levels we’ve become known for.

We are also delighted to say that there will be no changes in our processes, which our lenders have confirmed to be more than robust enough for the current climate. This means you can take out car finance through us with complete peace of mind.

To take the first steps towards your lockdown car purchase, calculate car finance and then use our online application form or get in touch with our team for more information.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Is a Diesel Car Worth Buying?

What are the Most Popular British Cars?

Can You Pre-Order a Car?

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 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!

or call 01246 458 810

car buying coronavirus lockdown online car buying online car finance

8 Used Automatic Cars for Under £3,000

Shifter in a used automatic car for sale under 3000

Many buyers crave the ease of an automatic car – which is why they’re often in demand on the used market. After all, the automatic gearbox makes driving a lot easier, whether you’re looking for a nifty run-around car as a homemaker, a reliable vehicle for commuting, or a smaller option for elderly drivers.

However, because fewer new cars are sold as automatics compared to manuals, the used car demand can often outweigh the supply. Fear not, these hot vehicles don’t have to break the bank and a bargain can still be had. If you’re looking for the top automatic vehicles for sale under £3,000, read on.

Affordable Automatic Cars

1. Toyota Yaris

Despite its age (2007), the Toyota Yaris still looks relatively sleek and fresh. Inside, there’s a decent dashboard with a central display and all the features you need for comfortable driving – stereo, air-con and heating. The smaller vehicle is a fun drive with sharp handling and responsive touch. A 1.3-litre version often enough ‘go’ for most people. The automatic gearbox in these models offers a smoother ride than the jerky 1.0-litre manual version.

If you don’t opt for the Sport models, you can find a 2007, 1.3-litre, second-hand Toyota Yaris with an automatic gearbox for under £2,000.

2. Skoda Superb

For a high-quality family car, the Skoda Superb is, well, a superb choice. It features comfortable interiors, a quiet engine and the model is ideal for hauling children to school or going on long road trips. There’s plenty of room to make family life easier and work commutes extra snug.

Although you won’t be able to enjoy the new models within the £3,000 budget, you will be able to find a 2002 model with a sizeable engine for under £2,000.

3. Hyundai i10

When you want to list vehicles that suit every journey, you have to include the classic small city car, the Hyundai i10. The interior is boxy but comfortable and limited in extras but it is incredibly affordable.

Its size makes it perfect for cutting through the hustle and bustle of the city, so it makes sense to get it with an automatic gearbox to give your clutch foot a rest in stop-start traffic. The automatic gearbox reduces fuel economy by 10mpg compared with the manual car, but the vehicle performs extremely well in other aspects. It has nippy acceleration and surprisingly smooth handling for such an affordable vehicle.

There are plenty of 2008 models – and possibly 2010s – that fall within the £3,000 budget.

4. Mazda 3

Sleek and stunning by design, this all-angles Mazda 3 is another top choice for a second-hand automatic car. Although the automatic gearbox uses a traditional design, the advanced technology allows the driver to enjoy smooth gear changes, and with only a small dip in fuel economy.

The Japanese company has a great track history of producing reliable cars, which is a huge priority for commuters and busy families. If you choose an older Mazda 3 as your next car, you’ll be investing in peace of mind as well as clever design.

We’ve spotted 2005 and 2008 1.6-litre engines going for under £3,000.

5. Volkswagen Polo

You don’t have to know a lot about cars to know that the VW Polo is an excellent vehicle, not to mention well-loved across the nation. Drivers over the years have valued the Polo’s reasonable running costs, excellent handling and that solid German build quality. If you’re looking for a mid-priced automatic vehicle, then you can’t go wrong with the Polo. You get to enjoy smooth driving, reliability and a spacious interior.

Look for 2005 and 2006 models that you can score for under £3,000.

6. Ford Focus

For an automatic car for under £3,000, an older Ford Focus is going to be one of your top choices. They are popular for a reason – the model is economical, fuss-free and ideal for those who want a car they can depend on without breaking the bank. The ride can be a bit firm and the interior can feel cheap in places, but the Focus doesn’t tend to be expensive to run, insure, tax or maintain. Older models still hold up well, too.

For an older 2006 model, you can expect to pay under £3,000, possibly under £2,000, depending on the mileage and condition.

7. Ford Fiesta

Logic dictates that if you’re going to list the Volkswagen Polo and Ford Focus, then it must also have the Fiesta – also known as Britain’s best-selling vehicle. For good reason, too. It’s economical (even with an automatic transmission), has affordable running costs and is a comfortable interior for long journeys.

While you won’t get behind the wheel of a sixth-generation Fiesta ST for £3,000, if you don’t mind a slightly higher-mileage car, then you can get yourself a 2006 1.6-litre Fiesta for that budget.

8. Renault Clio

As one of the best-selling French cars of all time, the Clio is a stylish and affordable supermini for first-time and established drivers. It’s small enough for city driving but picks up speed quickly when you put your foot down on the motorway. With more powerful engine sizes to choose from in the Clio, you can make more of your journeys.

Keep an eye out for models from 2005 to 2012 with 1.6 or 2.0-litre engines that typically range from £1,500 to just over £3,000. If you have a tight £3,000 budget, consider your car finance eligibility to ensure you secure the right set of wheels.

Drive away with one of the top used automatic cars

With plenty of affordable and reliable options, it’s never been easier to find automatic cars for sale under £3,000. At My Car Credit, we make things even more cost-effective with accessible car finance for a range of budgets and credit ratings.

Our team can draw upon a vast network of lenders to find the right deal for you, helping you get your perfect automatic vehicle without any hassle or delays. Give us a call on 01246 458 810 or email enquiries@mycarcredit.co.uk to find out more.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

What are the Best Cars for Business Owners?

How Do Self Driving Cars Work?

Can I Buy a Car at Auction with Finance?

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 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!

or call 01246 458 810

automatic cars car buying cars under 3000 pounds used cars

A Guide to Buying Your First Car on Finance

Man holding keys after buying first car on finance

Alongside graduating from school, college or university, starting work and moving out (bye-bye parents, hello freedom), buying a car is a pivotal moment for any young person. However, without the bank of mum and dad, many struggle to afford the lump sum payment, which is why car finance is an attractive and realistic option.

In this short guide, we’ll explain everything you need to know about buying your first car on finance, from improving your credit score and setting budgets to securing the best possible deals. While we’ve tailored this guide mostly to young first-time buyers, the advice given applies to anyone searching for a more affordable way to get on the road.

What is car finance?

Car finance is an accessible means of owning the car of your dreams. Instead of covering the full cost upfront, you can spread payments over several months or years in reasonable, bite-sized chunks.

A personal contract purchase (PCP) is a popular way of financing a car. Agreements often last between three to five years, and at the end you can either make a final payment to keep the vehicle, return it or use the resale value towards buying something brand-new.

You can also opt for Hire Purchase (HP) if you prefer the idea of owning the car at the end of the agreement without needing to pay a final lump sum payment.

To secure a finance agreement, you’ll have to pass a credit check and lender criteria and it helps to make a small deposit upfront (usually 10% of the car’s total cost).

How to improve your credit score

Before lenders consider your application, they’ll undertake a thorough credit check to assess your potential risk. The overall score determines who qualifies for a loan, the amount you can borrow, interest rates and credit limits. 

To ensure you’re in the best position possible, you’ll need some active credit history to show you can manage money responsibly (this is especially important for students without full-time employment). Below are three simple ways you can improve your score and bolster your chances of securing finance.

Check you’re on the electoral roll

Lenders check whether you’re on the electoral roll to protect themselves against fraud. If you’re a student, you can register at your home address or student address.

Apply for a credit card and use it sensibly

Using a credit card is the easiest way to show lenders you can keep track of your outgoings. However, if you’re worried about debt or have a low credit rating, a prepaid card is an alternative option, working similarly to a pay-as-you-go mobile capping your spending. Students may also be eligible for a student credit card with a low credit limit. 

Mobile phone contract 

If you’ve never had credit, a mobile phone contract is a simple way of improving your score. They work much the same as repaying car finance, albeit on a much smaller scale, demonstrating your ability to meet monthly repayments.

Four things to do before buying your first car on finance

Set your budget and plan for additional costs

The most crucial part of buying any car is setting a budget and sticking to it, no matter how tempting a set of shiny new wheels might be. So, before entering a finance agreement, prepare to meet monthly repayments by choosing a realistic model. If possible, negotiate an arrangement that suits your income stream.

However, it’s not just the initial value of the car you must consider – plan for running and maintenance costs too. These include:

Car insurance (often more expensive for new and young drivers)
Fuel costs, especially if you plan to travel frequently
MOT tests, scheduled maintenance and repair costs
Road tax (there are a few exemptions)

If you’re not sure how much you can borrow, read this handy guide.

Decide whether you want a used or new car

When it comes to buying your first car, a key consideration is whether you should buy new or used. While the decision is ultimately personal, depending on your budget and immediate needs, consider the benefits of both routes before making a final decision.

The advantages of a used car include affordability (the initial price is often between 30-50% less, meaning lower monthly repayments), cheaper insurance (a massive incentive for new drivers who are already facing premiums) and discounted tax.

However, there’s more choice when buying a new car and improved safety features, such as automatic emergency brakes, adaptive cruise control and intelligent sensor systems that reduce collisions. Surprisingly, new models are also quite affordable thanks to the range of generous finance deals on offer.

Find a guarantor

If you’re a student, you’re still eligible to buy a new car on finance. Although, without a full-time income, lenders may need additional reassurance that you can meet monthly repayments. In these cases, a guarantor will help bolster your application.

A guarantor is usually a close friend or relative, with a good credit history, who agrees to continue repayments if you’re unable to make them. While they can’t take on the loan (it will always be in your name), they act as a safety net to mitigate risk.

Entering into a Guarantor Loan is a big responsibility for both parties. It is therefore important that you both understand your obligations, as well as the potential risks.

Double check the agreement before signing

You know how the saying goes – it’s better to be safe than sorry. With that in mind, double-check the terms and conditions of your finance agreement to avoid hidden charges and dubious stipulations.

Things to watch out for include:

Mileage caps which restrict the amount you can travel each year (exceeding the limit incurs charges anywhere between 3p to 70p per mile)
Late payment policies which penalise you for missing repayments
Damage charges and service requirements
“Free” insurance policies that sound too good to be true

Do you need help finding a finance agreement?

Buying your first car is nerve-wracking at the best of times without worrying about hefty upfront costs, which is why we aim to make the process as straightforward and affordable as possible with the best finance deals anywhere in the UK.

To learn more, call us on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk – one of our friendly specialists will be in touch shortly. For additional information, you can also visit our website where we have hundreds of helpful blogs and articles to browse through.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

8 Advantages and Disadvantages of a Balloon Payment

What is a Balloon Payment on a Car Loan?

Am I eligible for car finance?

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 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!

or call 01246 458 810

buying first car car buying credit rating credit score first car Jan24

Which Cars Will be Popular Post-COVID?

A white car in a dealership of popular cars

COVID-19 has affected every area of our lives, from how we interact with others to how we travel. Unsurprisingly, it's also changed the way we shop, even for costly purchases like new and used cars. Now, more people than ever are swapping showrooms for virtual auctions, digital catalogues and online marketplaces.

However, the virus’s seismic impact on the automotive industry extends far beyond how we buy cars – it’s also changed what cars we want to drive. In this post, we’ll discuss which cars will be popular in the coming months and years.

Used cars over new

When you think of popular cars, you might imagine stylish new models equipped with the latest technology. However, the current instability of the job market and subsequent financial strain is leading many to buy quality used or nearly new cars instead.

Even before COVID-19, affordability was the leading factor in why people purchased used cars. Not only is the initial price much lower (often between 30-50%), maintenance and insurance are usually cheaper too. Additionally, thanks to the current travel restrictions, manufacturers are experiencing difficulties with international imports, resulting in lengthy delays to purchase new models.

Motorists are going green

With fewer cars on the road, creating a never-ending symphony of bangs, clatters and roars, many people rediscovered the joys of birdsong during lockdown, with experts dubbing it the “silent spring”. However, it’s not just noise pollution that cleared up considerably. London’s smog vanished, fish reappeared in the typically murky waters of the Venice canals and coyotes casually wandered across the Golden Gate Bridge.

The virus showed us what life could look like if we lived more in accordance with nature, revealing a greener world where human activity was much less intrusive. As a result, many people started to think about how they could preserve this peace moving forward, starting with how they travel.

According to one study on over 1,000 people in the UK, 25% of motorists want to purchase an eco-friendly vehicle after seeing a decline in pollution during lockdown. Those from key cities, such as London, Liverpool and Sheffield, are especially keen to make the switch. Official figures cited in The Times bolster the study’s findings, showing 33,000 pure electric and hybrid cars were registered between April and June, compared with 29,900 diesels.

Focus on family-friendly models

Thanks to the current travel restrictions, people are swapping holidays in far-flung locations for trusty staycations, increasing the demand for reliable, family-friendly cars. 

Recent research shows 90% of UK holidaymakers are planning to take a domestic holiday once the government lifts coronavirus restrictions. Therefore, people are now searching for cars that prioritise space, number of miles per gallon and all-weather performance over gadgets, gizmos and garish designs. What’s more, the increase in finance plans means finding an affordable family-friendly car has never been easier.

How we can help

Whatever car you’re looking for, our goal at My Car Credit is to make securing car finance as simple and accessible as possible.

To find out how we can help you, give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk. One of our knowledgeable team members will get back to you as soon as possible. 

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Do Car Prices Drop When a New Reg Comes Out?

What is heycar – And Should I Use Them?

Is the Skoda Octavia a Good Car?

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 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!

or call 01246 458 810

car buying electric cars family cars hybrid cars

Cheap Family Cars on Finance: 5 Budget Options

dad driving cheap family car purchased on finance

A reliable, child-friendly car is the glue that holds families together, allowing for shopping trips, school-runs, half-term holidays and so much more. However, finding a low-cost model that ticks all the boxes can be challenging, especially if you're after plenty of space, safety features and storage.

While owning the family-friendly car of your dreams may feel impossible at first glance, it could be more achievable than you think. Instead of paying upfront, most people now opt to buy cars via personal contract purchase (PCP), which spreads the total cost over an extended period. Plus, because you’re only funding part of the car’s value, you could drive away in something that would otherwise be out of your budget.

Thanks to their popularity, most manufacturers now offer these flexible payment options, meaning you can choose from an extraordinary range of family hatchbacks, hybrids and SUVs for under £200 per month. You can also double-check how much you can expect to pay by using our handy car finance calculator.

What’s more, to help you decide, we’ve compiled our top 5 budget-friendly recommendations that offer exceptional quality alongside affordability.

1. Peugeot 308

Estimated monthly cost: Used models from £155 per month

The Peugeot 308 is a child-friendly, five-door hatchback that’s often praised for being the best all-rounder for families on a budget. There’s plenty to love including its low running costs, impressive safety grade and spacious interiors that comfortably seat two up front and three in the back.

Thanks to its excellent fuel economy and low emission rates, the 308 promises exceptional value for money and lends itself to high-mileage road trips and summer staycations. Plus, it has a five-star safety score from Euro NCAP, taking the stress out of the bumpiest of journeys.

Driving performance aside, the 308 doesn’t skimp on style or space. The roomy boot offers 470 litres with the seats up and 1,185 litres with the seats folded. Plus, there’s extra hidden space below the load area for phones, book bags and other bits and pieces.

2. Vauxhall Insignia Grand Sport

Estimated monthly cost: Used models from £188 per month

If you’re searching for reliability, there’s no better choice than the Vauxhall Insignia Grand Sport, voted Family Car of the Year at the Auto Express Awards 2018. While this model retains much of the original Insignia’s design, it adds even more interior space and high-tech features. This includes a touchscreen infotainment system with sat-nav, without significantly bumping up the price.

Its unrivalled reliability is, in part, thanks to its vast array of customisable engines, meaning you can choose the machinery that suits your driving style. You can opt for a petrol or diesel engine, front-wheel drive, four-wheel-drive, six-speed manual, six-speed automatic or eight-speed automatic gearbox.

The Grand Sport also offers much more space than its predecessor, comfortably seating large families while providing plenty of storage. The front doors have generously sized pockets, and there’s a large cubbyhole under the middle armrest to keep prized possessions safe.

3. Ford Mondeo

Estimated monthly cost: Used models from £186 per month

Ford is known for creating classic, reliable and functional cars, and the Mondeo doesn’t disappoint. Recently upgraded, it offers a more upscale design, plenty of interior features and ample storage.

Its large dimensions make it an efficient family car with plenty of room for passengers and luggage. Yet, despite its impressive size, it handles surprisingly lightly, navigating tight corners and parking spaces with ease. The Mondeo is also built for speed, making it the perfect option for families who take regular motorway trips – paired with sat-nav as standard.

Perhaps the most appealing aspect of the Mondeo is space. There are deep door pockets, large cup holders and a wide central cubby complete with USB sockets. What’s more, the generously sized boot offers more space than you’ll ever need.

4. Dacia Duster SUV

Estimated monthly cost: Used models from £160 per month

Are you surprised to see an SUV on the list? The Dacia Duster is excellent value for money, easy-to-drive and incredibly practical – the ideal option for growing families looking to get more car for their money.

The Duster is an uncomplicated vehicle, built for countryside living. Thanks to its unique combination of small wheels and high-rubber tyres, you can navigate bumps and potholes effortlessly. What’s more, its supreme grip makes driving feel much safer even on the rainiest days.

Despite the low price tag, you get plenty of interior space. The rear door openings are tall for easy access, and the height of the seats from the ground means children can easily hop in and out. The boot is large by SUV standards, offering enough room to carry luggage, camping equipment, multiple school projects and more.

5. Skoda Octavia

Estimated monthly cost: Used models from £167 per month

Perhaps one of the flashiest cars on our list, the Skoda Octavia has steadily moved away from its budget roots into the realm of premium transport, rivalling the Audi A1 and Mercedes A Class. However, thanks to the wealth of PCP on offer, it’s still an affordable, quality option for families looking for something a little fancier.

The Octavia’s driving performance is impressive, and the 148bhp diesel engine can go from 0-62mph in 8.7 seconds. In addition, its soft suspension makes cruising at pace a pleasure, even when carrying several children and a boot full of luggage.

As well as this, this particular model provides some of the most generous rear space of any hatchback. Behind a tall driver, passengers are still able to lounge comfortably, and there’s plenty of head and elbow room for restless children. Storage-wise, the boot provides more space than rival hatchbacks, and even outperforms most models from the class above.

How we can help

At My Car Credit, we’re committed to making it as simple as possible to secure car finance. To find out how we can help you, give us a call on 01246 458 810 or drop us an email at enquiries@mycarcredit.co.uk. One of our knowledgeable team members will get back to you as soon as possible.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

Is It Better to Finance or Buy a Used Car?

Why Are Used Car Prices Going Up?

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 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!

or call 01246 458 810

budget cars car buying cheap cars family cars

Buying a car with poor credit can sometimes seem like an impossible task. Once you’ve been knocked back by your bank or other lenders, it’s easy to just give up and stick with the car you’ve got – or in some cases, no car at all.

1. Dacia Sandero Access

2. Skoda Fabia

3. Citroen C3 Aircross

New or used cars for poor credit?

Securing finance with poor credit

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

Since the initial UK outbreak at the start of 2020, COVID-19 has affected our lives in various ways. People have had to work from home, many have been furloughed or even lost their jobs, and we’ve all had to adapt to a more remote way of living.

The direct impact on car sales

Knock-on effects of COVID-19

Post-COVID car finance

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

Online shopping has boomed in the last couple of decades, and car buying is no exception to the rule. Not only is buying a car online incredibly convenient, but you'll be able to search thousands of different makes and models, all from the comfort of your own home.

Is buying a used car online safe?

Arranging tax and insurance for a used car

Is it a good idea to finance a used car?

Do you need further help with buying a used car online?

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

Over the years, used cars salesmen have developed something of a reputation. It’s for that reason that many people dread visiting a dealership and haggling over the price of a second-hand vehicle, especially if they don’t have a strong knowledge of what goes on under the bonnet.

Who are Cinch Cars?

How does it work?

Why should I buy a car from Cinch Cars?

How can My Car Credit help?

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

Does the idea of buying a car fill you with dread? If visiting a dealership, kicking tyres and wrangling over prices is your idea of a living nightmare, don’t worry – there is a better way.

Who are Cazoo?

How does it work?

Why should I buy a car from Cazoo?

Who are Cazoo finance?

How can My Car Credit help?

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

The second lockdown is upon us. Other than a few exceptions like schools and elite sport, the restrictions largely mirror those introduced in March. That includes social distancing when it comes to transport.

What the government says

How dealers can help

What about finance?

Rates from 9.9% APR. Representative APR 12.4%

Related articles

Excellent

Good

Fair

Poor

Bad

Require more help?

Affordable Automatic Cars

1. Toyota Yaris