Best used car finance deals

Used car finance deals can often throw up really surprisingly low monthly payments – here are some of the most exciting

BuyaCar team
Mar 24, 2020

Are you stuck wondering about the best way to purchase your next car? There are many options than there used to be. You don't just have to pay straight up with a large amount of cash anymore; in fact you'd be among a very small minority if you did.

Generally, more and more people are now choosing to go down the route of car finance, because it's simply a more affordable alternative. Better still, it's possible to get a finance deal on used cars, too.

Used car finance is a way of spreading the cost of a car over an extended period in such a way that you're able to afford to make a purchase today, instead of having to go away for ten years and save up thousands of pounds. There is much more to it than that, but you can check out our expert finance guides for more details.

Choosing your next car is a really significant decision, and getting the best possible value for money is an important part of that. By finding the right finance deal, you can tailor your agreement and make some pretty substantial savings compared to if you had paid the cash price.

Best used car finance deals

By splitting the cost up into a series of monthly payments, you'll find you're able to get the keys to a much more exciting list of cars than you might expect. Whether you need to haul a whole family on long road trips in a Skoda Octavia Estate, whizz around town on shopping errands in a Volkswagen Up, or make any excuse you can to head for your favourite quiet country road in a BMW 3 Series, a finance deal can often help to achieve those aspirations and a whole lot more to boot.

Read on for our pick of the 10 best used car finance deals available right now on BuyaCar.

Used car finance deals under £100 per month

1. VW Up

Used deals from £4,490
Monthly finance from £91

Volkswagen has a reputation for producing sensible and well-built cars and it's smallest model on offer, the Volkswagen Up, blends all that with cheeky city car looks. Its small size makes it brilliant fun to drive, but most importantly, it's incredibly cheap on finance.

The fact you can get a car that's this well put together, with decent steering and plenty of kit for less than £100 per month is pretty exceptional. Sure, you'll be looking at models from around 2016, but you'll still be getting air-conditioning and DAB radio and a car that is very enjoyable to drive.

The fact that there’s a surprising amount of room inside is the icing on the cake, especially when you couple that with the fact the compact VW Up will be easy to park and easy to drive in congested city centres.

VOLKSWAGEN UP BUYERS' GUIDE

2. Smart ForFour

Used deals from £5,349
Monthly finance from £104

Most tiny city cars only have three doors - the Smart Forfour has five. This makes it one of the more practical small cars you can buy, if only for the ease in which you can access the rear seats.

That being said, you won't have much space to squeeze into, the Smart is a very small car, but as the name suggests there is just about room for four people inside. Which is good, because it means more people can appreciate the ForFour's quirky interior design.

If you want to stand out for not much outlay, this is a good bet, as you can also get some pretty whacky exterior colour schemes as well. The Smart remains a unique choice, which is relatively good value as a used car purchase.

SMART FORFOUR BUYERS' GUIDE

Used car finance deals under £200 per month 

3. Mini Cooper

Used deals from £6,499
Monthly finance from £125

The Mini Cooper is enormous fun to drive. It feels eager, responsive and grippy, and is almost certainly going to put a smile on your face every time you drive it.

Just like the outside, the interior is retro-tastic, with a circular screen surround that dominates the dashboard, and toggle switches inspired by the original Fifties Mini. The whole thing feels like it’s made from top-quality materials, too. This version of the Mini is best for two people, though, as the rear seats are cramped and boot space is limited.

MINI HATCHBACK BUYERS' GUIDE

4. Skoda Octavia Estate

Used deals from £9,100
Monthly finance from £152

One thing dominates your experience of a Skoda Octavia is just how big the boot is. It makes the boots of a Ford Focus or A VW Golf – even the estate versions – look rather small.

There’s plenty of space for people, too. And you can keep them entertained and comfortable thanks to generous equipment levels across the range. That includes Bluetooth for connecting your phone and climate control to keep the interior at just the right temperature – as standard on even the most basic models. The Octavia won’t cost the earth to run either, especially if you opt for a frugal diesel engine.

SKODA OCTAVIA BUYERS' GUIDE

5. BMW 3 Series

Used deals from £10,598
Monthly finance from £180

Small premium saloons aim to deliver a classy and sporty driving experience. None are quite as classy, or as sporty, as the BMW 3 Series. We’ve picked the previous version here rather than the all-new model, as there are loads of them to choose from, and you tend to get a better bang for your buck.

Last-of-the line petrol or diesel models are available for less than £300 per month, but it's hard to beat the efficient, smooth and quiet 320d as an all-round choice. However, if you do fewer than 12,000 miles per year you might be better off in the impressively zippy 320i petrol.

BMW 3 SERIES BUYERS' GUIDE

Used car finance deals under £300 per month

6. Mercedes E-Class

Used deals from £18,315
Monthly finance from £235

The Mercedes E-Class is beloved of professional chauffeurs, and it’s easy to understand why. It offers loads of boot space and interior space, it’s beautifully built, and it’s such a relaxing car to drive that big mileages just melt away. Should you need an even larger luggage area, there’s the cavernous E-Class estate, too.

Go for a current generation (2017 or newer) saloon car in base SE specification. This has plenty of equipment, but nothing fancy like ash wood inside or big alloy wheels on the outside. The diesel engined E250d is the one to pick – the cheaper and more frugal E220d is too slow for most people.

MERCEDES E-CLASS BUYERS' GUIDE

7. BMW i3

Used deals from £12,500
Monthly finance from £230

BMW’s electric i3 was a revolutionary small car when it was launched back in 2013. And its advanced electric power, plus a futuristic design inside and out mean it’s still a very modern-looking machine.

It can be bought as a pure electric car or with a tiny petrol engine to accompany the electric power. Theoretical range of the pure electric i3 runs to 188 miles, while the range extender officially extends range to 276 miles. Real world figures will be less, mind you.

BMW i3 BUYERS' GUIDE

8. Range Rover Evoque

Used deals from £17,500
Monthly finance from £266

The relatively small – and affordable – Range Rover Evoque brought the desirable Range Rover badge into the reach of many more buyers. And although it’s not as luxurious or capable off-road as its bigger brothers, the littlest Range Rover still cuts a dash on the road – and can go much further off it than you’d expect, too.

Petrol-engined versions are thirsty, so we’d go for the diesel models – there are lots more of those around, too.

RANGE ROVER EVOQUE BUYERS' GUIDE

Used car finance deals under £400 per month

9. Volvo XC90

Used deals from £25,198
Monthly finance from £368

Big SUVs don’t come much safer than the Volvo XC90. Yet these seven-seated beasts are also stylish, refined, comfortable, and quiet. It’s a pretty compelling choice if you’re after a large used luxury SUV. That’s still true, despite the current model having been around since 2015. Of course, that means there are plenty of examples to choose from… which helps keep costs down.

Momentum trim cars offer a great level of spec for the money. All XC90s come with an eight-speed automatic gearbox and permanent four-wheel drive.

VOLVO XC90 BUYERS' GUIDE

10. Honda Civic Type R

Used deals from £24,000
Monthly finance from £390

It ain't subtle. But it is an awful lot of fun. Underneath the crazy wings and origami styling creases lies a turbocharged 2.0-litre petrol engine that makes 316bhp. That’s the sort of power you’d have got in a Porsche 911 15 years ago.

Then there’s the trick adaptive suspension. Honda’s engineers have somehow made the Type R’s suspension fairly pliant (for a hot hatch at least) around town, yet extremely planted and sporting when let loose on winding roads.

HONDA CIVIC BUYERS' GUIDE

 

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