The benefits of buying used cars

Everyone loves a good bargain and where better to start than with your motor? The used car market is a place where buyers can avoid the huge price tags and fast depreciation that comes with purchasing a new car, and enjoy a cheaper, slightly older car instead.

  • Used cars have cheaper tax

    New models of vehicles are more costly to tax and register than second-hand cars, so to save yourself a load of money on tax, opt for a second-hand vehicle. Taxes are generally calculated by their current retail value.

  • Used cars means there are no waiting periods

    When buying a brand new vehicle, it's very unlikely that you will be able to drive home in it straight away. In fact, it's very common for car buyers to wait a while before they can enjoy their new wheels. And with global car shortages, it's no surprise that people are opting for used cars instead, as the transaction is simple and there are little to no waiting periods. Generally speaking, you can drive home in your new used car the very same day.

  • Used cars have smaller insurance fees

    There are plenty of perks with second hand cars, especially when it comes to insurance. That's because older cars have older and cheaper parts that are less expensive to replace if the vehicle owner got into an accident. This means that the second-hand vehicle is much less of a financial risk than a new one.

  • There are plenty used car finance deals to be had

    Simple and straightforward used car finance options such as hire purchase finance allows you to repay with fixed monthly installments until you have paid off the car. It makes buying a vehicle much more convenient, so you can pay it off over time, rather than paying a large sum of money all at once.

  • Used cars can come with new features

    Just because you're buying a used car, this doesn't mean that you won't be able to enjoy some shiny, new upgrades. For example, if you just want a sunroof, leather seats and an inbuilt navigation system, you can enjoy these new features at a much more reasonable cost. Once a new car model has aged slightly, the features are quickly superseded by new cutting-edge features, meaning that you can reap the benefits of a slightly older, second-hand model.

Contact Advantage Finance

At Advantage Finance, we offer hire purchase finance, which is a popular form of credit perfectly suited for financing big purchases, like vehicles. This type of car finance option is simple and easy to understand as it comes with a fixed rate of interest throughout the term and doesn't entail any mileage limits or large end term payments.

So, if you're considering opting for a used car and paying for it through used car finance, please contact our helpful team who will be more than happy to get you sorted and on the road. Contact us today.

© Advantage Finance Ltd 2001 - 2022. All Rights Reserved

Representative Example: Hire Purchase Agreement repayable over 48 months. Rate of Interest: 14.0% p.a. flat rate(fixed).
Vehicle Purchase Price: £7,500. Deposit: £0.00. Amount of Credit: £7,500. Acceptance Fee: £325.00. Interest Payable: £4,200.44.
Option to Purchase Fee: £200.00. Total Charge For Credit: £4,725.44. 47 Monthly Repayments Of: £250.53 Followed By 1 Final Repayment Of: £450.53
(Final payment includes Option to Purchase Fee). Total Amount Payable: £12,225.44. Representative APR:29.35%.
Hire Purchase. Terms and conditions apply. You will not own the vehicle until all payments are made.
Finance subject to status. Applicants must be aged 22 or over. Finance provided by Advantage Finance Limited.

Advantage Finance Ltd is registered in England and Wales with company number 03773673.Registered office: 2 Stratford Court, Cranmore Boulevard, Solihull, B90 4QT.
Advantage Finance Ltd is authorised and regulated by the Financial Conduct Authority (Firm reference No. 307864).
Advantage Finance Ltd is a member of the Finance and Leasing Association
Finance is available to UK residents only and is subject to creditworthiness and affordability assessment. Written quotations available on request.
This site uses cookies so that we can provide you with the best user experience. By continuing to use the site you are consenting for cookies to be used.
Further information on cookies and how you can disable them is available on our cookie policy.