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, whether you’re going for:
We can help you find low rate cars finance for used cars from all of the major car manufacturers.
Low Rate Car Finance Deals in the UK
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,
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.
For more information, you can read all about car finance in our guide.
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.
If you are looking for a low rate car finance deal with bad credit, these can still be possible. While the lowest rate is usually reserved for better credit scores, we may be able to help you find a low rate for bad credit.
What car finance rate can I expect? Use our car finance calculator!
The car finance rate will vary depending on the criteria we’ve mentioned above. It will also change depending on the amount you are trying to borrow and the car you want to buy.
We’ve put together a car finance calculator which you can use to find out what you’ll be able to afford. This calculator is based on representative APR and uses the amount you want to borrow, your credit score and the length of time you want to borrow it over to calculate the lowest rate you’d qualify for. This rate is not guaranteed, but we try and get the lowest rate possible for all of our customers.
Once you’ve tried out our car finance calculator you can apply for car finance through us, where you’ll find out the exact rate you will be offered.
What cars can I get on low rate car finance?
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: