Car Finance For New And Used Cars
Buying a car is a significant financial commitment, so it helps to understand the different ways the cost can be spread before deciding which route suits you.
Enjoy Finance helps UK drivers explore car finance for a wide range of new and used vehicles. This includes everyday hatchbacks, family SUVs, electric cars, performance models, prestige vehicles and specialist cars.
The finance available to you can depend on factors including the vehicle, your deposit, income, credit history and length of the agreement. A lower monthly payment will not always mean a lower overall cost, so it is worth comparing the interest rate, deposit, agreement length, total amount payable and any payment due at the end.
You can explore the different types of finance available below or browse our manufacturer guides if you already have a particular make in mind.
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How Enjoy Finance Works
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Get in touch for a free, no-obligation consultation. Tell us what you’re looking for, and our experts will match you with the best car finance deals tailored to your budget and needs.
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Once you’re approved and everything is in place, you’ll have access to a wide range of trusted dealerships. Simply choose the car that suits you best, and we’ll handle the rest.
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Sign your finance agreement, collect your car, and hit the road. Hassle-free and with complete peace of mind.
Top Makes We Offer Car Finance For
Explore car finance information for some of the UK’s most popular manufacturers. Our guides cover everything from everyday models and family cars to performance, prestige and specialist vehicles. Different manufacturers can come with different purchase prices, model ranges and finance offers. Explore some of the most popular car brands below, covering everything from practical everyday models and family SUVs to electric vehicles, performance cars and prestige models.
Each manufacturer guide looks more closely at the cars available, common ways of financing them and the points worth checking before agreeing to a finance arrangement. If you already have a particular make in mind, select it below to start your research. Select a manufacturer below to learn more about the models available, common finance routes and points worth checking before making your decision.
Learn More About The Different Types Of Finance Available
Hire Purchase (HP)
Spread the cost of your car over fixed monthly payments, usually between 12 to 60 months. Monthly payments are fixed and cover the full value of the car plus interest. Once you’ve completed all payments, the car is yours. Ideal for those who want full ownership of their vehicle.
Personal Contract Purchase (PCP)
PCP offers more flexibility than HP and lower monthly payments as you are financing a portion of the car’s value, not the entire amount. At the end of the term, you can pay a lump sum to own the car, return it, or upgrade to a newer model. PCP is favoured by those who enjoy driving a new car every few years and want lower monthly payments.
Car Leasing
Leasing allows you to drive a car without the commitment of ownership. Lease terms usually span 24 to 48 months, during which you pay fixed monthly payments in exchange for the use of the car. At the end of the lease, you simply return the vehicle. This is a great option for drivers who prefer driving the latest models with minimal long-term commitments.
What Should You Think About Before Financing A Car?
The monthly payment is an obvious place to start when looking at car finance, but it is only one part of the overall cost. Before choosing an agreement, it helps to work out how much you can comfortably spend each month, how much you have available for a deposit and how long you expect to keep the car.
Financing A New Or Used Car
The choice between a new and used vehicle can affect more than the purchase price. It can also change the finance agreements, deposits and repayment terms available.
New cars can come with manufacturer finance promotions, warranties and incentives, although they will usually have a higher initial purchase price. Used vehicles can cost considerably less to buy, but factors such as age, mileage and condition may influence the finance available.
If you are comparing the two, look beyond the monthly repayment. Consider the deposit, interest rate, total amount payable, warranty cover and likely running costs of the vehicle.
A newer car with a higher purchase price could still suit some budgets if attractive finance terms are available, while a lower-priced used car may offer better value for someone who intends to keep the vehicle for several years.
The right choice will depend on your budget, the car you want and how you intend to use it.
Set A Realistic Budget
A larger deposit can reduce the amount you need to finance and may bring your monthly repayments down. The length of the agreement will affect them too. Spreading the cost over a longer period can make the monthly figure more manageable, but it may increase the amount of interest paid across the full term.
It is worth factoring in the wider cost of running the car as well. Insurance, fuel or charging, servicing, tyres, Vehicle Excise Duty and repairs can all affect what the vehicle costs you each month.
Think About How You Will Use The Car
A larger deposit can reduce the amount you need to finance and may bring your monthly repayments down. The length of the agreement will affect them too. Spreading the cost over a longer period can make the monthly figure more manageable, but it may increase the amount of interest paid across the full term.
It is worth factoring in the wider cost of running the car as well. Insurance, fuel or charging, servicing, tyres, Vehicle Excise Duty and repairs can all affect what the vehicle costs you each month.
Think About What Happens At The End
It is worth deciding early on if you want to own the car eventually or prefer the option to change vehicles regularly.
Hire Purchase is generally structured around owning the vehicle once the required payments have been made. PCP usually gives you several choices at the end of the agreement, while leasing is based around using the car for an agreed period before returning it.
Looking beyond the headline monthly payment can make it easier to compare your options on a like-for-like basis.
Get Started Today
Don’t let financial worries hold you back from driving your ideal car. Whether you have good credit, bad credit, or no credit history at all, we have options to help.
Apply online today and get a decision in minutes! Our friendly team is also available to answer any questions and guide you through the process.
Your dream car is just a few clicks away – start your journey with Enjoy Finance now!
Can I Apply For Car Finance With Different Credit Histories?
You do not necessarily need a perfect credit history to apply for car finance. Finance providers use their own lending criteria, which means each application can be assessed differently.
Your credit history is one factor that may be reviewed. Lenders may also look at your income, existing borrowing, residential history, previous payment behaviour and the affordability of the proposed agreement.
Missed payments, defaults or other marks on your credit file can reduce the number of options available and may affect the interest rate you are offered. They do not automatically mean that an application will be declined.
There is also no single UK credit score that guarantees acceptance. Experian, Equifax and TransUnion use different scoring systems, while lenders make decisions using their own criteria.
Before applying, it can be useful to check the information held on your credit reports. Make sure your address details are correct and look for errors or outdated financial associations that could affect how your application is assessed.
Applicants with stronger credit histories may have access to a broader range of rates and agreements. If your credit history has had problems in the past, pay particular attention to the APR and total amount repayable rather than comparing deals purely by their monthly cost.
Car finance is always subject to status, affordability checks and the lender’s individual criteria.
Why Choose Enjoy Finance?
Enjoy Finance gives drivers a place to research car finance before deciding how they want to fund their next vehicle.
Our website covers popular finance agreements including Hire Purchase, Personal Contract Purchase and vehicle leasing, alongside guides for a broad range of car manufacturers. This makes it easier to compare the terminology, costs and options you are likely to encounter while looking for your next car.
We know that different buyers have different priorities. Some are focused on keeping monthly payments within a set budget, while others want to own their vehicle at the end of the agreement or change cars every few years.
Our guides are designed to make these differences clearer, with information covering deposits, interest rates, mileage allowances, final payments and the overall amount payable.
You can also research finance information by manufacturer, including mainstream family cars, electric vehicles, prestige models, performance cars and specialist marques.
Enjoy Finance can help you understand the options available before you decide which route is right for your circumstances. Any finance application remains subject to the relevant lender’s criteria, status and affordability checks.
Our team offers:
- Support for customers with all credit backgrounds
- A commitment to transparency, with no hidden fees
- Honest, jargon-free advice
- Access to multiple lenders across the UK
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Finding Finance For The Car You Want
The vehicle itself can play a significant part in the finance options available.
A nearly new family hatchback does not have the same characteristics as an older performance car, a new electric vehicle or a high-value prestige model. Purchase price, age, mileage and expected future value can all influence the types of agreement that may be suitable.
Newer vehicles are commonly available through arrangements such as PCP and Hire Purchase, while used cars may have a different range of products depending on their age and value. Specialist, classic, performance and luxury cars can sometimes require finance providers that are comfortable dealing with higher values or less conventional vehicles.
Electric vehicles introduce their own considerations. Alongside the purchase price and monthly finance payment, drivers may want to look at battery warranties, charging costs, expected mileage and how they plan to charge the car at home or on the road.
If you already have a particular manufacturer in mind, the guides below provide more information about financing cars from a wide range of brands.
If you have not yet chosen a vehicle, starting with your budget can narrow the search. Work out what you are comfortable paying each month, how much you can put towards a deposit and how long you intend to keep the car. You can then compare vehicles and finance agreements that fit those figures.
Browse our manufacturer guides below to continue your research.
