Can You Get Used Car Finance Online?

Over the years, it’s become easier to buy cars through affordable financing deals. With a good number of car finance companies to choose from, including easily accessible online lenders, you can compare various offers and go for the one that suits your situation best. A crucial factor that made car finance more accessible these days is the significant advancement in technology. If you wanted to buy a car today, you can shop from one of the many online car dealerships, and they’ll deliver it to you. If you wanted to get car financing, you could also do it online through your laptop or smartphone. Indeed, you can buy a car without having to leave your home. 

How to Save Money When Buying a Car

It’s expensive to buy a car. There’s no denying that. If you’re thinking of buying a brand-new car, then you’d have to be ready to spend a good amount of money. But if your goal is to save as much as possible on your car purchase, then you could choose to buy a secondhand vehicle or apply for car financing. At this point, maybe you’re wondering if you could do both and get car finance for a used car. Actually, yes, it is possible to do this and save your hard-earned cash in the process. 

Can I get finance on a used car?

Yes. Car finance is available for both brand-new and used cars. However, before you apply for financing, be sure to check if the lender caters to both. For example, some lenders may only provide financing if you’re buying brand-new, while others specialise in secondhand vehicles. And be sure to check any rules around the age of the car with them, as there is often a limit to the age of the vehicle with most lenders. What’s certain is that one quick online search on the “best used car finance in the UK” will give you thousands of results. 

Applying for used car finance is almost the same as the process employed if you’re financing a brand-new car. The main difference would be the additional checks on the secondhand car to ensure that everything is as advertised, in addition to  making sure there is no outstanding finance on the car. This means checking the condition of the vehicle, all its parts, as well as all the documents relating to it. It may sound a bit tedious, but if you’re looking to save money, this step is definitely worth it.  

Can I get finance for a car online?

Yes. Many car buyers actually prefer getting car finance online. It’s easier, simpler, and more convenient overall. Gone are the days when you had to go to the offices of financial institutions, fill out a ton of paperwork, and wait for days or weeks for their call informing you of their decision. Online car finance is as straightforward as it gets. You can apply for financing through the website of the lender, where you simply have to follow the instructions on the webpage to start the process. Other car finance companies even have apps, so you only need your smartphone to apply, and once approved, you can proceed to finalise your purchase. Approval time is almost instant nowadays, so you never have to waste so much time and energy waiting anxiously for the result.

How to Find the Best Car Finance Company

How do I know if an online car finance lender is good? And how do I know if it's a good car finance deal? Generally, you’d want to find a reputable car finance company. You can do this by checking the customer reviews available online. With so many sites and forums where customers get to share and discuss the experiences they had with lenders, you can get a sense of which car finance companies will be the best fit for your specific needs. And check reviews on a well known and verified site such as TrustPilot.

The best car finance company for you is the one that ticks the most boxes. You’d want to get the lowest APR, the most comfortable deposit requirement, the most reasonable terms, and so on. So, to know if a lender is good for you, it’s important to know your needs first. It will be easier to identify the car finance deal that’s most suitable to your financial situation this way. You may also want to visit their official websites and learn as much as you can about them. If you have questions, don’t hesitate to get in touch with them. They’ll surely be happy to help you on your car-buying journey. 

Finance Your Next Car with Carmoola

Carmoola makes buying a car a less stressful experience, by providing a streamlined process — from the moment you apply for financing to when you buy the car you want. To start, you simply have to download the app and then follow the instructions to commence your application. You’ll be asked to type in your personal details, such as your name and address. Please, also prepare your full driver’s licence for identity verification. The whole process will only take a few minutes, and the result will be given to you almost instantly. Once approved, you may then use the provided budget to buy your car! Nothing could be simpler. 

So, if you’re still asking, “What are the best online car finance lenders?” - there are a lot claiming to be the best, that’s for sure. For a long time, many drivers have felt so intimidated, confused, or just discouraged from buying their dream car altogether. Carmoola is here to change that. Download the app now to apply and experience first-hand what it means to get the best car finance! 👍🚘