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Nissan Qashqai
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Secure a Great Car Finance Deal – and Save
Money
on Your Next Car – by Comparing the
UK’s Most Trusted Lenders.

Nissan Qashqai

Secure a Great Car Finance Deal – and Save
Money
on Your Next Car – by Comparing the
UK’s Most Trusted Lenders.

Finance Calculator: How Much Can You Afford to Spend On A Car?

£8,000

4 Years

£190.42

48 monthly repayments

Best available rate 6.9%

Total cost of credit £1,140.16

Total repayment £9,140.16

Representative example:

Borrowing £6,500 over 48 months with a representative APR of 21.4%, an annual interest rate of 21.4% (Fixed) and a deposit of £0.00, the amount payable would be £196.24 per month, with a total cost of credit of £2,919.52 and a total amount payable of £9,419.52

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“ChooseMyCar is Ranked #1 out of 102 companies in the section Car Finance and Loan Companies with 884* 5 Star Reviews”
*as of August 2021

How Can I Secure the Best Car Finance Deal on the vehicle I want?

There’s never been a better time to buy a new or used car: there are hundreds of thousands of brilliant new and pre-loved cars out there just waiting for a new driver to put them on the road.

You could be that driver.

Buying the car you need at a price you can afford means getting the Very Best Deal on your Car Finance.

Top Car Buying Tips from ChooseMyCar.com’s Experts

How to Choose your car wisely?

First up: choose your car. The type, age and manufacturer of a car will all impact how lenders calculate the cost to you. Some cars depreciate more, some less. Popular cars mean more choice and lower up-front prices.

More importantly; choose the car that is going to suit your needs now and in the future – size, ownership cost, extras and essentials. You’re going to be paying monthly for a few years at least so make sure you choose a car you’ll love as much tomorrow as you do today. Read our Quick Car Guides to Help You Choose Your Next Car.

How to buy from a Reputable Dealership?

Lenders are always more comfortable when they trust the dealership you’re buying your car from. Fewer headaches mean lower risks for them and a better deal for you.

It also means more peace of mind if something goes wrong, with warranties and returns available. Read our Guide to Reputable Dealerships to learn more.

How do I compare quotes from a panel of lenders to secure the very best deal?

Your first quote might sound like a brilliant deal… but is it the best deal? You’ll never know if you don’t ask other lenders. Individual lenders have different ways to assess you and your credit history, and different systems to calculate the finance they’re going to offer.

We work with the UKs most trusted Car Finance Lenders and compare their offers to get you the best deal.

Who are Our Lenders and What do you Need to Remember when Applying to Them?

What are my Car Finance Consumer Rights?

Knowing your rights puts more power in your hands: power to know when you can negotiate fees, power to challenge any fees a dealership may add to your finance and the power to ensure you’re protected, whatever happens. Read our handy know Your Rights Guide.

Best Used Car Finance Deals

We've put together a handy table to let you see, at a glance, which finance option is the best one for you.

Hire Purchase Personal Contract Purchase Personal Loan
Requires initial deposit Usually requires deposit Usually requires deposit
You own the car outright
Car is yours at the end of the agreement
Fixed monthly payments
Optional baloon (final payment)
Excess mileage charges
Secured against an asset (eg. car)

What are the different types of used car finance available?

Used car finance comes in a number of different forms; you’ve more than one option. While it may feel like these are endless, and even a little daunting, there’s actually less than you’d think. HP. PCP. PCH. So what do they all mean? And which one is the right one for you?

PCP – Personal Contract Purchase

PCP is a type of secured car finance offered by many car dealerships, high street banks, and specialist lenders. You’ll pay an initial deposit on the car, followed by monthly payments, with an optional balloon payment at the end of the term if you want to own the vehicle.

Learn more about PCP

PCH – Personal Contract Hire

Leasing a car could be an excellent option if you are fine with never having the option to own the car. It’s not quite the same as hiring a car but works in a similar way; you agree to pay to use the car for a set period, then return the car.

Learn more about PCH

PL – Personal Loan

A personal loan may be a good option for financing a car if your credit score is not ideal. This type of finance is unsecured – so there is no risk of losing the car. Lenders typically mitigate that risk by setting a higher APR (compared with a secured loan).

Learn more about PL

Car Finance Offices

Car Finance Birmingham

11 Brindley Place, 2 Brunswick Square, Birmingham, B1 2LP

01217691325

Car Finance Bradford

Beck Mill, Reva Syke Road, Bradford, BD14 6QY

01274317511

Car Finance Bristol

Newminister House, 27-29 Baldwin Street, Bristol, BS1 1LT

01172870051

Car Finance Cambridge

Allia Future Business Centre Cambridge, Kings Hedges Road, Cambridge, CB4 2HY

01223782522

Car Finance Cardiff

W2 Business Centre, Wellington House (First Floor), Wellington Street, Cardiff, CF11 9BE

02922360345

Car Finance Coventry

Friars House, Manor House Drive, Coventry, CV1 2TE

02475122607

Car Finance Durham

The WorkPlace, Heighington Lane, Aycliffe Business Park, Newton Aycliffe, Co. Durham

01913692198

Car Finance Edinburgh

21 Young Street, Edinburgh, EH2 4HU

01312352798

Car Finance Glasgow

126 West Regent Street, Glasgow, G2 2RQ

01413740315

Car Finance Hull

Cherry Tree Court, 36 Ferensway, Hull, HU2 8NH

01482762388

Car Finance Leeds

 2 Infirmary Street, Leeds, LS1 2JP

01134180566

Car Finance Leicester

Rutland House, 23-25 Friar Lane, Leicester, LE1 5QQ

01164420215

Car Finance Liverpool

Rodney Chambers, 40 Rodney Street, Liverpool L1 9AA

01513740484

Car Finance London

Chester House, 1st and 3rd Floors, 81-83 Fulham High Street London SW6 3JA

02036335936

Car Finance Manchester

Alexandra Court, Carrs Road, Cheadle, SK8 2JY

01617681543

Car Finance Middlesbrough

Acklam Hall, Hall Drive, Acklam, Middlesbrough, TS5 7DY

01642983195

Car Finance Newcastle-upon-Tyne

Clavering Place, Newcastle upon Tyne, Tyne and Wear, NE1 3NG

01914862572

Car Finance Norwich

92 St Faith's Lane, Norwich, NR1 1NE

01603552434

Car Finance Nottingham

16 Commerce Square, Lace Market, Nottingham, NG1 1HS

01157720325

Car Finance Portsmouth

Gatcombe House, Copnor Road, Portsmouth, Hants, PO3 5EJ

02393090085

Car Finance Sheffield

Omnia One, 125 Queen Street, Sheffield, S1 2DU

01144371033

Car Finance Warrington

1st Floor, Rutherford House, Warrington Road, Birchwood, Warrington, WA3 6ZH

01925967232

Frequently Asked Questions

A car is likely to be the second most expensive purchase you will make in your life. Over a tonne of metal, glass and wiring will always cost and we don’t always have the cash on hand to afford it. If you don’t have Thousands of Pounds saved up and available, Finance can be an extremely useful and responsible choice.

Young drivers and Students, for example, may not have enough ready cast to buy a car outright but there are Car Finance Options available for Students that could put them on the road. Likewise, a growing family with a good income might still struggle to save in today’s economy.

The constant increase in the price of cars, new and used, is also putting new pressure on family finances. Buying on Finance can level this playing field by softening the upfront cost and spreading the cost over time. With great options for affordable used cars on Finance, PCP, Hire Purchase and Lease options put tens of thousands of cars within reach of buyers across the UK.

Car Finance can make buying a vehicle more affordable in the short term by spreading the cost of the vehicle over time. This can help buyers to slot the purchase into their regular outgoings without spending months or years saving up for a vehicle. Circumstances can often change so quickly that buying outright is not always an option.

As with all big purchases, however, it is wise to ensure that you choose wisely. Car Finance comes with additional charges and interest payments (together called APR) which might make your car more expensive in the long run. It’s a good idea to use a car finance calculator to see just how much you could be spending overall. If your income or credit history aren’t as good as you’d like then these additional costs can go up, though there are plenty of options for Finance in these circumstances, even if you’re claiming benefits.

One area that’s becoming an increasing issue for Financing is Negative Equity. This is when the value of the car drops below the amount you’re paying back. This is less of a problem on the used market, however.

As with every major financial decision, it pays to shop around. Different lenders charge different rates and offer different benefits. This is especially true if you have a bad Credit Rating or you’ve been declined in the past.

The temptation is to go with the Finance offered by the Dealership. This is certainly a very simple choice but it’s not compulsory – you can apply to an independent Lender. You can also apply to your bank for Personal Loan Car Finance, which may bundle in benefits from your long association with them.

If you’ve had trouble with finances in the past, a specialist lender, like the ones we work with at ChooseMyCar, can often be the best option. Our specialists can also help you to choose the best value cars to buy on Finance, depending on your situation.

Can You Get Car Finance Online?

Yes, you can get cheap Car Finance Online – either directly or via a broker. While there is paperwork to fill in and evidence to present, all of this can now be arranged digitally in most cases.

Evidence can often be photocopied or photographed and paperwork can now be signed with a digital signature. It may still be that a phone call is required, especially if the arrangements are a little more complicated – with Self Employed Car Finance, for example. The rules over which evidence will secure your finance might need a call to understand.

Other Finance packages like Guarantor Loans or No Deposit Car Finance might also require a little more input. Overall, however, you needn’t have to set up a meeting face to face and most of the arrangements can now be made digitally.

Is It Dumb to Pay Cash for a Car?

Paying cash for a car does have a few advantages. Firstly, the fees and interest will be lower, if they exist at all. This will save you money overall. Secondly, you get to own and drive away with the car instantly, whereas you don’t own your car until all payments are made with Hire Purchase or PCP. You never own the car with a Lease.

If you’re too young to have built up savings to buy a car outright, however, cash may not be an option whereas Young Drivers Car Finance is a possibility.

Circumstances can also change very quickly. If you discover that you’re about to become a parent for the first time or you’ve just landed a new job that requires a flexible commute, saving up the money to buy a car with cash might not be realistic. This is where Finance can come in really handy. Even if you’ve a low Credit Score and don’t think it possible without boosting your Credit History, Finance options exist which could help you out.

This depends on the type of Finance you choose.

With Hire Purchase finance, you automatically become the sole owner of your car from the moment that your last payment is made. You can then sell it on or keep driving it without any further input from your Lender.
With PCP finance, however, owning the car at the end of your agreement is a choice you must consider. With PCP finance, you have three choices at the end of your Finance: upgrade to a new car, hand your car back or buy it by paying a lump sum. How much this lump sum (known as a Balloon Payment) is depends on the cost of your car and your initial down payment, so it’s worth carefully considering what car you can afford if you want to buy on a PCP.

With a Lease, you don’t get an opportunity to buy your car – it goes back to the Leasing company. The advantage of this is that your monthly payments, including APR, tend to be lower.

So long as they’re insured to do so, yes. The rules about other people driving your car are the same, whether you’ve purchased it through finance or paid in cash.

The most important consideration is what happens if something happens while they’re driving it. If it’s written off without the driver being insured to drive it, you will still have to pay the remaining finance. If the car is an expensive one, with a considerable GFV, you could be stuck with an expensive bill that your Lender will insist that you pay.

If the driver is insured then you’ll get much of that back. If the insurance includes GAP cover then you may get the full amount back. In either case, another insured person is allowed to drive your car.

The exact documentation you need to secure Car Finance from a Lender depends on the Lender you’re approaching. Generally, however, they ask for the following three things:

● Proof of identity.
● Evidence that you can afford the car.
● Your address history.

Proof of identity might be your driving license or birth certificate. Evidence of your ability to afford the repayments might include copies of payslips and a look at your Credit Score. Their required Credit Score will, again, depend on the Lender and your personal circumstances.

Your address history helps in checking your Credit History. Old bills or correspondence usually suffices. Establishing your Credit History and your Credit Score will then help them to assess your suitability for finance, especially if you’re looking for Low Rate Car Finance.

Car Finance terms can last anywhere between 2 and 5 years. The length of your finance is up to you. Choose your down payment, talk to your dealership about any Deposit Contributions, pick the number of years you’d like to pay and off you go.

Be aware, of course, that while a longer term might give you lower monthly payments, you could end up paying more overall. There’s also the question of Selling Your Car with Outstanding Finance, which you might want to do. 5 years is a very long time in car technology, especially when it comes to EVs. Check out our Car Finance Guides for more details.

Why ChooseMyCar Car Finance?

With deals from a wide range of lenders, ChooseMyCar is the perfect place to find car finance to suit your needs and circumstances.

  • No deposit finance available
  • Flexible repayments
  • Poor credit finance accepted
  • All circumstances considered
  • Easy online applications
  • Fast decision

What to consider before applying for Used Car Finance

  • You will need to go through a credit check.

  • Before applying for car finance you should make sure you have checked the affordability of your chosen option.

  • Once you’ve passed a credit check it’s still on you to make sure you have the money to make the monthly payments for the whole term of the loan.

  • You may also need to save for a deposit upfront in addition to the monthly payments.

  • Some types of car finance will come with mileage allowances and if you go over these you will be charged.

  • Maintenance doesn’t always fall on you but for those that it does, you’ll need to return your car in a good condition to make sure you avoid any additional charges.