Used car finance

Say goodbye to uncertainty and hello to car-buying confidence. Sort your used car finance with Oodle and drive away safe, knowing that you’ve got the used car you want within a budget that suits you.

Used car finance

Say goodbye to uncertainty and hello to car-buying confidence. Sort your used car finance with Oodle and drive away safe, knowing that you’ve got the used car you want within a budget that suits you.

Used car finance

Say goodbye to uncertainty and hello to car-buying confidence. Sort your used car finance with Oodle and drive away safe, knowing that you’ve got the used car you want within a budget that suits you.

How does used car finance work?

Car finance is a cost-effective way to purchase a used car. With used car finance, you can borrow money from a lender to cover the cost of the vehicle and then repay it in affordable monthly instalments. This allows you to enjoy the benefits of driving a used car while managing your expenses effectively.


Buying a second-hand car is a smart choice for many people because it provides excellent value for money. Compared to new cars, used models are more affordable and depreciate at a slower rate. If you’re interested in buying a used car but struggling to afford the upfront cost, financing options could be your ideal solution.


Are you a first-time car buyer? Read our guide to buying a used car.

Car finance is a cost-effective way to purchase a used car. With used car finance, you can borrow money from a lender to cover the cost of the vehicle and then repay it in affordable monthly instalments. This allows you to enjoy the benefits of driving a used car while managing your expenses effectively.


Buying a second-hand car is a smart choice for many people because it provides excellent value for money. Compared to new cars, used models are more affordable and depreciate at a slower rate. If you’re interested in buying a used car but struggling to afford the upfront cost, financing options could be your ideal solution.


Are you a first-time car buyer? Read our guide to buying a used car.

Car finance is a cost-effective way to purchase a used car. With used car finance, you can borrow money from a lender to cover the cost of the vehicle and then repay it in affordable monthly instalments. This allows you to enjoy the benefits of driving a used car while managing your expenses effectively.


Buying a second-hand car is a smart choice for many people because it provides excellent value for money. Compared to new cars, used models are more affordable and depreciate at a slower rate. If you’re interested in buying a used car but struggling to afford the upfront cost, financing options could be your ideal solution.


Are you a first-time car buyer? Read our guide to buying a used car.

Types of used car finance

Typically, there are a few ways to buy a used car. Each option comes with its own advantages and disadvantages. The best choice for your second-hand car finance will depend on your circumstances.

Car loan

A car loan is a financing option where you borrow a lump sum of money to buy a used car and repay it through monthly instalments, but you’ll own the vehicle from the start. While no upfront deposit is required, it’s important to note that the interest rate and monthly payments can be higher than with other car finance options.

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Hire purchase

Hire purchase (HP) is where you make a regular monthly payment for a second-hand car with a fixed interest rate – meaning you know exactly how much you are paying every month. The deposit can be flexible or even not required at all.

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Personal contract purchase

Personal contract purchase (PCP) allows you to buy a used car through fixed monthly instalments, like hire purchase. PCP tends to have lower monthly payments as you don't have to pay the car's total value. But should you decide to keep the car at the end of the agreement you will need to pay a substantial ‘balloon payment’ to purchase it outright.

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Personal contract hire

Personal Contract Hire (PCH) is a flexible leasing option that lets you hire a car for a fixed term with manageable monthly payments and an upfront rental fee. You get full use of the vehicle during the lease, then simply return it at the end - there’s no option to buy, making it ideal if you prefer driving the latest models without long-term ownership.

Is used car finance right for you?

Whether or not used car finance is the right thing for you will depend on your own personal financial situation and on your preferences.


Used car finance is a popular choice for thousands of motorists. Although used cars are more affordable than brand-new cars, buying any vehicle is still an expensive business. If you don’t have the cash ready to buy a car outright, or you don’t want to exhaust all your savings, then buying a good quality second-hand car with a finance agreement can help to make this sizeable purchase a reality.


By spreading out the cost of the car into manageable monthly payments, many drivers find they can afford to buy a higher-spec vehicle than they otherwise would have had access to.

Why choose Oodle to buy used cars on finance?

Get a great used car finance deal and then use it to find the right car for you.


Oodle has your back for the car you want at a budget that suits you. Let us handle the finance part so you can simply walk into your local car dealership and buy a car at a price that works for you. Say goodbye to uncertainty and hello to car-buying confidence.

Transparent pricing and no hidden costs

Transparent pricing and no hidden costs

We can help you every step of the way – we can even help you find a car

Buy and pay online or in person at an approved dealership

Sort your second-hand car finance with Oodle and drive away safe.

Calculate monthly used car finance payments

Calculate monthly used car finance payments

Calculate monthly used car finance payments

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

How Oodle works

01

Apply online

Find out if you're pre-approved in seconds

01

Apply online

Find out if you're pre-approved in seconds

01

Apply online

Find out if you're pre-approved in seconds

02

Get accepted

You’ll have the money in your account the next working day

02

Get accepted

You’ll have the money in your account the next working day

02

Get accepted

You’ll have the money in your account the next working day

03

Shop anywhere

Shop online or in a dealership

03

Shop anywhere

Shop online or in a dealership

03

Shop anywhere

Shop online or in a dealership

Get my quote
No impact on your credit score

Get my quote
No impact on your credit score

Get my quote
No impact on your credit score

Representative 14.7% APR

Representative 14.7% APR

Representative 14.7% APR

FAQs about used car finance

Can I get used car finance with bad credit?

Yes, it is possible to get used car finance with bad credit – but it's likely that you’ll pay more interest compared to someone with a good credit rating. It’s always advisable to get your credit score in the best possible shape before you make an application for car finance. Here at Oodle, we’ll only offer you finance if we are confident that you can afford to make your repayments.

Read more about credit scores and how to keep yours healthy.

Can I get used car finance with bad credit?

Yes, it is possible to get used car finance with bad credit – but it's likely that you’ll pay more interest compared to someone with a good credit rating. It’s always advisable to get your credit score in the best possible shape before you make an application for car finance. Here at Oodle, we’ll only offer you finance if we are confident that you can afford to make your repayments.

Read more about credit scores and how to keep yours healthy.

Can I get used car finance with bad credit?

Yes, it is possible to get used car finance with bad credit – but it's likely that you’ll pay more interest compared to someone with a good credit rating. It’s always advisable to get your credit score in the best possible shape before you make an application for car finance. Here at Oodle, we’ll only offer you finance if we are confident that you can afford to make your repayments.

Read more about credit scores and how to keep yours healthy.

Is used car finance cheaper overall?

Put simply, a used car will be cheaper to finance than a new car because you are borrowing less. Second-hand cars will depreciate more slowly than new vehicles, which can also help to reduce the overall cost of financing. Used car finance can offer great value for money, but the type of finance you choose and the length of your agreement will also determine the overall costs.

Is used car finance cheaper overall?

Put simply, a used car will be cheaper to finance than a new car because you are borrowing less. Second-hand cars will depreciate more slowly than new vehicles, which can also help to reduce the overall cost of financing. Used car finance can offer great value for money, but the type of finance you choose and the length of your agreement will also determine the overall costs.

Is used car finance cheaper overall?

Put simply, a used car will be cheaper to finance than a new car because you are borrowing less. Second-hand cars will depreciate more slowly than new vehicles, which can also help to reduce the overall cost of financing. Used car finance can offer great value for money, but the type of finance you choose and the length of your agreement will also determine the overall costs.

Is it worth financing a used car?

Whether or not financing a used car is right for you depends on your own financial situation. Financing can be a great way of getting a car without having to pay the full cost upfront. But there are some important considerations to take into account before deciding to go ahead with a car finance agreement: for example, the interest rate and APR of the agreement, and your current credit score (which can impact whether you’ll be offered car finance in the first place).

If you’re unsure about whether you’ll be able to afford car finance, it’s best to speak to a specialist first to check that you’ll be able to make your repayments.

Read more about buying a used car or apply for used car finance now.

Is it worth financing a used car?

Whether or not financing a used car is right for you depends on your own financial situation. Financing can be a great way of getting a car without having to pay the full cost upfront. But there are some important considerations to take into account before deciding to go ahead with a car finance agreement: for example, the interest rate and APR of the agreement, and your current credit score (which can impact whether you’ll be offered car finance in the first place).

If you’re unsure about whether you’ll be able to afford car finance, it’s best to speak to a specialist first to check that you’ll be able to make your repayments.

Read more about buying a used car or apply for used car finance now.

Is it worth financing a used car?

Whether or not financing a used car is right for you depends on your own financial situation. Financing can be a great way of getting a car without having to pay the full cost upfront. But there are some important considerations to take into account before deciding to go ahead with a car finance agreement: for example, the interest rate and APR of the agreement, and your current credit score (which can impact whether you’ll be offered car finance in the first place).

If you’re unsure about whether you’ll be able to afford car finance, it’s best to speak to a specialist first to check that you’ll be able to make your repayments.

Read more about buying a used car or apply for used car finance now.

What do you need to finance a used car?

To finance a used car, typically you’ll need to provide the following information:

  • Valid photo identification (eg. driving licence, passport or similar)

  • Proof of income

  • Credit history

  • Employment status

 At Oodle, we’ve made the car finance process straightforward so you’ll have no trouble getting started on your finance application. Find out if you'll be accepted for used car finance with Oodle in just a few minutes – apply now!

What do you need to finance a used car?

To finance a used car, typically you’ll need to provide the following information:

  • Valid photo identification (eg. driving licence, passport or similar)

  • Proof of income

  • Credit history

  • Employment status

 At Oodle, we’ve made the car finance process straightforward so you’ll have no trouble getting started on your finance application. Find out if you'll be accepted for used car finance with Oodle in just a few minutes – apply now!

What do you need to finance a used car?

To finance a used car, typically you’ll need to provide the following information:

  • Valid photo identification (eg. driving licence, passport or similar)

  • Proof of income

  • Credit history

  • Employment status

 At Oodle, we’ve made the car finance process straightforward so you’ll have no trouble getting started on your finance application. Find out if you'll be accepted for used car finance with Oodle in just a few minutes – apply now!

How long can I finance a used car?

The length of time it takes to pay back the car could be different depending on your agreement with the dealer or the finance provider who covers the initial cost. This flexibility allows you to negotiate a repayment plan that suits your needs. At Oodle, the length of the agreement is normally between 1 and 5 years.

How long can I finance a used car?

The length of time it takes to pay back the car could be different depending on your agreement with the dealer or the finance provider who covers the initial cost. This flexibility allows you to negotiate a repayment plan that suits your needs. At Oodle, the length of the agreement is normally between 1 and 5 years.

How long can I finance a used car?

The length of time it takes to pay back the car could be different depending on your agreement with the dealer or the finance provider who covers the initial cost. This flexibility allows you to negotiate a repayment plan that suits your needs. At Oodle, the length of the agreement is normally between 1 and 5 years.

What credit score is needed for a used car finance agreement?

Car finance companies want to know your credit history to evaluate how likely you are to pay the instalments for your car and to decide whether to approve your finance application. Generally speaking, higher credit scores typically lead to lower interest rates, which means having a higher credit score increases your chance of getting approved for finance with more favourable interest rates.

Find out more about credit scores. 

What credit score is needed for a used car finance agreement?

Car finance companies want to know your credit history to evaluate how likely you are to pay the instalments for your car and to decide whether to approve your finance application. Generally speaking, higher credit scores typically lead to lower interest rates, which means having a higher credit score increases your chance of getting approved for finance with more favourable interest rates.

Find out more about credit scores. 

What credit score is needed for a used car finance agreement?

Car finance companies want to know your credit history to evaluate how likely you are to pay the instalments for your car and to decide whether to approve your finance application. Generally speaking, higher credit scores typically lead to lower interest rates, which means having a higher credit score increases your chance of getting approved for finance with more favourable interest rates.

Find out more about credit scores. 

What is APR?

APR (or annual percentage rate) is an important number to look at when purchasing a car with finance. This is because it’s an indication of the actual cost you will need to pay when financing a car. The APR represents the yearly costs of the loan, expressed as a percentage of the amount you’ve borrowed. It takes into account all the costs of the loan, including interest, fees, charges, and more. When making a decision, you can use APR to understand your costs more accurately than using an interest rate.

Learn more about APR (annual percentage rate) in used car finance.

What is APR?

APR (or annual percentage rate) is an important number to look at when purchasing a car with finance. This is because it’s an indication of the actual cost you will need to pay when financing a car. The APR represents the yearly costs of the loan, expressed as a percentage of the amount you’ve borrowed. It takes into account all the costs of the loan, including interest, fees, charges, and more. When making a decision, you can use APR to understand your costs more accurately than using an interest rate.

Learn more about APR (annual percentage rate) in used car finance.

What is APR?

APR (or annual percentage rate) is an important number to look at when purchasing a car with finance. This is because it’s an indication of the actual cost you will need to pay when financing a car. The APR represents the yearly costs of the loan, expressed as a percentage of the amount you’ve borrowed. It takes into account all the costs of the loan, including interest, fees, charges, and more. When making a decision, you can use APR to understand your costs more accurately than using an interest rate.

Learn more about APR (annual percentage rate) in used car finance.

What’s the oldest used car I can finance?

Every finance provider has their own criteria when it comes to the oldest used car they’re willing to finance. Many won’t approve loans for vehicles older than eight years, but others may consider cars that are well over ten years old. With Oodle, as soon as you’re approved for an unsecured personal loan the money is yours - giving you the freedom to choose the vehicle that suits you best, no matter its age.

What’s the oldest used car I can finance?

Every finance provider has their own criteria when it comes to the oldest used car they’re willing to finance. Many won’t approve loans for vehicles older than eight years, but others may consider cars that are well over ten years old. With Oodle, as soon as you’re approved for an unsecured personal loan the money is yours - giving you the freedom to choose the vehicle that suits you best, no matter its age.

What’s the oldest used car I can finance?

Every finance provider has their own criteria when it comes to the oldest used car they’re willing to finance. Many won’t approve loans for vehicles older than eight years, but others may consider cars that are well over ten years old. With Oodle, as soon as you’re approved for an unsecured personal loan the money is yours - giving you the freedom to choose the vehicle that suits you best, no matter its age.

NEWS Aug 2024: FCA announcement on discretionary commission arrangements (DCAs)

Oodle customers are not impacted