Low Rate Car Finance

£8,000
48 Months

48 monthly repayments

£356.94

Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

48 monthly repayments

£356.94

Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

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


At ChooseMyCar we specialise in getting low rate car finance deals for our customers. As experts in the market we are here to help you find the best car finance deal for you. We pride ourselves in offering: 

  • Low Rate Car Finance Deals from 6.9% APR
  • No Fees or Jargon
  • Quote without affecting your credit score
  • Get a quick decision on your application 

We can help you find low rate cars finance for used cars from all of the major car manufacturers, and it is easy to find out what you can afford. Try out our car finance calculator, which will help you find the lowest rates for you. Or you can apply for car finance with us today to get a properly personalised quote back on your low rate car finance deal. 

When applying online through our easy to use application form, we will only complete a soft search, meaning your credit score will not be affected. This means we can make a quick decision to see if you are eligible for low rate car finance. 

Once your application for low rate car finance has been accepted, you’re then free to search and find your next used car through our easy to use used car search tool

Low rate car finance criteria

While there’s no guaranteed way to get the lowest rates for car finance, there are a number of criteria that can help. If you meet these criteria or can aim for them, then you may be able to get a low rate car finance deal.

  • Have a good, very good or exceptional credit score
  • Don’t have a CCJ or IVA on your credit report
  • Have followed the steps to improve your credit score
  • Understand your own credit report
  • Paid off previous debts and ongoing credit agreements in full and on time
  • The amount you can put down as a deposit can also affect your rate. Generally, a higher deposit will get you lower rates.

Please note that that low rate car finance is typically only available to people with a good or excellent credit score. Should you have a poor or bad credit score, we have information on how to obtain car finance with bad credit

Low Rate Car Finance Deals 

If you’re after car finance deals with the lowest rate possible then you’re in the right place. Car finance with low interest rates means that overall you’ll only pay off the value of the car, with as little interest as possible. This means you’ll not be out of pocket for more than you need to be.

All of our car finance deals are available on all of our stock, but some cars and manufacturers may be better for people with different financial situations. Popular manufacturers to buy on finance with Choose My Car include:

Used Ford Fiesta Deals

Used Fiat 500 Deals

Used Citroen C1 Deals

Used Vauxhall Corsa Deals

Looking for car finance?

Get a quote in minutes with no impact on your credit score

Frequently Asked Questions

Generally paying a large deposit upfront can reduce the cost of your monthly repayments. This isn’t the case for every type of car finance however and in many cases no deposit is needed. We’ve put together a guide on no deposit car finance and on how much your car finance deposit should be.

The length of a car finance agreement will vary for a number of reasons. The overall length of a term is usually measured in 12 month increments. 

These terms usually start with a minimum of 24 months (2 years) upt to a maximum of 96 months (8 years). Generally terms for used cars are shorter than those for long cars. 

While the monthly repayments will likely be lower on a longer term plan, it’s worth working out how much interest you’ll pay if you opt for something over a longer period of time.

The overall cost of car finance will vary depending on the type of car finance that you choose. 

The cost of getting a car on finance will be the overall cost of the car, plus any interest owed over the term agreed. 

For a personal contract hire agreement it’s worked out slightly differently; the amount you pay is calculated by the cost of the depreciation of the car over the term agreed. 

Some types of car finance may also include fees for excessive mileage, any damage to the car or a maintenance cost, so keep an eye out for this. 

If you want to find out what you can afford, check out our car finance calculator.

If you make all of your payments on time on your car finance loan, then it should have a positive effect on your credit rating. This will prove to lenders that you are reliable and will reflect well on you.

However, if you miss or fall behind on repayments it will have a negative effect on your credit rating and remain in your credit history for 6 years.

For more information read our guide on credit scores.

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