Used Car Finance
The right car finance for you
If you are looking for car finance for your next used car then you have come to the right place! Here at netcars we strive to get you the best rates available depending upon your credit circumstances. Obviously the better credit score you have the better the rates will be.
Order a FREE copy of your credit report from Experian
Netcars are the UK's leading online car finance brokerage with many years experience. At netcars we hold superb relationships with our car finance lenders. This also means we have dedicated teams in place offering you, the customer an extremely efficient service. No matter whether you have CCJ's, Arrears, Defaults or missed payments netcars will obtain the best car finance deal for your next used car.
Once you're accepted for car finance it's down to you to locate the car of your choice from the used car dealer of your choice. When you have found your desired used car you will agree monthly repayments over the phone with one of our telesales representatives. Netcars ensure you're getting a good deal by valuing the used car, liaising with our car finance lenders and talking the deal through with the supplying dealership. The next step is to get the finance documents sent out for you to sign and send back to us along with the required proofs to get the deal paid out. I.E Copy of driving licence, proof of address, payslips etc.
At netcars we require "No Deposit" for you to obtain car finance for your next used car. This helps customers who do not have savings available to spend thus allowing you to finance the full cash price of the vehicle. If you have a part exchange you will need to discuss the value of the vehicle with the supplying dealer. The amount you receive will be deducted from the car you are purchasing therefore you will need to finance the remaining amount.
Payment protection insurance and GAP insurance
Typical Example of Gap Insurance
| Value of car Written off: |
£8000 |
| Retail Value of car: |
£6000 |
| Amount paid by Insurance company |
£6000 |
| Amount outstanding |
£2000 |
| Gap Insurance Cover |
£2000 |
Payment protection insurance and GAP insurance
are also optional extras available on all our used car
finance deals. Payment protection will cover your
monthly repayments on the finance agreement in
the unfortunate event of an Accident at work,
Redundancy (which can happen to the best of us),
Sickness and Life. GAP insurance will cover the
difference between the amount of outstanding
finance and the value of your vehicle at the time of
a "write off".
Find out more about GAP Insurance
Car Hire Purchase
If you want to finance a used car then it is quite possible you will be looking for a contract to spread the cost out over a number of years, and not just paying for the whole car immediately. If this is so you will be taking out a used car finance contract known as Car Hire Purchase and therefore we have prepared the following explanation:
About Car Hire Purchase
If you want to finance a used car then it is quite possible you will be looking for a contract to spread the cost out over a number of years, and not just paying for the whole car immediately. If this is so you will be taking out a used car finance contract known as Car Hire Purchase and therefore we have prepared the following explanation:
The reason that this form of vehicle buying is popular is that it enables you to spread the cost of the purchase over a number of years (usually between two and five years). Another benefit of car hire purchase is that early repayment can often be easily negotiated, provided that this is initially written in to the contract.
Apply with netcars today for your used car finance!
