Used Car Finance with Available Car

We are delighted to offer a range of finance options, including hire purchase (HP), and personal contract purchase (PCP). Each of these options has its own unique features and benefits, and the one that's right for you will depend on your personal circumstances and preferences.

Used Car Finance Explained

What is Hire Purchase?

Hire purchase HP is a straightforward financing option where you pay a deposit upfront and then make monthly payments until the car is paid off in full. Once you've made the final payment, the car is yours to keep. With hire purchase, you can typically choose the length of the repayment term, which can range from 12 to 72 months.

What is PCP?

Personal contract purchase (PCP), on the other hand, is a more flexible financing option that allows you to choose between buying the car at the end of the agreement or returning it. With PCP, you pay a deposit upfront and then make monthly payments for a set period of time. At the end of the agreement, you have three options pay a final balloon payment to keep the car, return the car and walk away, or trade the car in for a new one.

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Search for used cars on finance by vehicle type, whether you're looking for an SUV, an Estate car, or a convertible. Alternatively, use our search bar to search for a specific vehicle.

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Used Car Finance Options at AvailableCar

We are proud to be able to offer rates from as low as 9.9% APR, 11.9% APR Representative and all of our finance is available with a zero deposit should you choose!

Personalised Finance (HP)

Personalised Finance is AvailableCar's Hire Purchase offering. It involves paying fixed monthly instalments over an agreed-upon term. After all payments have been made, you'll own the vehicle outright.

Learn more about HP finance

Finance + (PCP)

Finance + is our equivalent to PCP finance. You choose the length of the contract, with a fixed monthly payment. At the end of the agreement, you'll have three options: retain and own the car through a balloon payment, trade-in for a new model, or return and hand the vehicle back.

Learn more about PCP finance

PCP vs HP? Which is right for you?

While Hire Purchase (HP) involves paying off the entire cost of the car over the term of the agreement, PCP can allow lower monthly payments, providing greater flexibility. PCP also enables you to embrace changing car models more frequently, staying up-to-date with the latest innovations and technologies.

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Used Car Finance FAQs

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  • How do you finance a used car?

    It’s common to purchase used vehicles with car finance, and it’s definitely something to consider if you’d like to avoid paying the full amount in one go.

    When you buy a car using finance, there’s a credit agreement between you and the lender that allows you to pay for the car over a period of time.

    In most cases, you’ll just have to make a deposit on a car and pay the rest of the balance throughout the length of your finance contract.

  • What is the best way to finance a used car?

    The best way to finance a used car is to use the method that best suits your needs. This is why it's so important to do your research—it'll help you decide on the best route.

    PCP finance might be better if you're not fully committed to a car and would like the option to hand it back at the end of your contract.

    HP car finance might be a better choice if you're set on keeping your car and don't want to deal with the balloon payment that comes at the end of PCP.

    A personal loan can also be beneficial if you don't want to pay a deposit and would rather loan the money to purchase your car.

    Consider all of the benefits and drawbacks of each finance method before you make the jump.

  • How many months can i finance a used car for?

    If you’ve decided to buy a used vehicle and are choosing to make your purchase with a car finance agreement, you need to know not only how much you can afford to pay each month but over how many years you wish to repay the debt. As a result, you might be wondering, ‘How long are car loans for on used cars?’

    There are many different forms of finance available to car buyers of used vehicles, including Hire Purchase (HP), Personal Contract Plans (PCPs), and personal or fixed sum loans. With all of these options, the length of term is typically between 12 to 60 months (one to five years).

  • How old can a used car be to finance?

    The age limit for financing a used car can vary among lenders, but it generally depends on the loan's length. For instance, if you opt for a 48-month car loan, the vehicle should be less than 8 years old at the start of the agreement and have less than 100,000 miles on it.