What is Used Car Finance?

Used car finance makes it easier to afford a second-hand car by paying for it each month, rather than with an upfront lump sum. There are two main types of car loans:

Hire Purchase (HP)

The most popular finance method for second-hand cars. This car loan splits the cost into chunks to be paid off in a set time, with interest. The vehicle is yours when the final payment is made.

Personal Contract Purchase (PCP)

Also lets you pay monthly, but instead of the car’s total value, you pay for the depreciation – that’s the difference between what the car is worth now and at the end of the contract. A final ‘balloon’ payment is due at the end of the finance.

Both HP and PCP agreements sometimes require deposits, but CarLoans4u also works with lenders who offer no deposit car finance.


Why choose CarLoans4U for used car finance?

We work with a large panel of lenders

With just a few details from you, CarLoans4u can find you the best deal possible from a variety of lenders.

We do background checks on every car

CarLoans4U has more than 40,000 second-hand cars available to choose from. We’ll carry out free valuations and history checks on as many as you like.

You don’t have to pay a deposit

If you don’t have a deposit, that’s fine. We can work with our panel of lenders to find you a car loan which may not require one.


What second-hand cars can I get on finance?

CarLoans4u can help you find the car you’re looking for, whether you’re looking privately or with a dealer.

Buy a car privately

Our lenders can help you with private car finance. Some might need additional information, including from the seller, but this is something our specialists will talk you through during the process. The most popular type of private car finance is either a Hire Purchase (HP) agreement or a Personal Contract Purchase (PCP).

Use a CarLoans4u-verified dealer

We use a network of dealers across Ireland who you can trust. They must meet key criteria before we approve them, and all cars come with at least 6 months NCT and a vehicle & history check. CarLoans4u can look at your options available on cars from our approved dealers at any stage of your journey.

If you find a car that isn’t from one of our approved dealers, we can still help, alternatively we can help you find something similar that is. You can browse all the stock from our verified dealer network on our site.


Quick tips on buying a used car

Take your time

CarLoans4u knows you may want that new car as soon as possible. We also know you may not want to rush into a decision. That’s why our quotes are typically valid for 28-30 days.

Check your credit score

It’s usually easier to get a used car loan with a good credit score, but we help thousands of customers with poor or bad credit to get car finance. We can provide tips on how to increase your credit score.

Know what you can afford

Factor in running costs. We know that paying back car finance isn’t the only cost to consider. There’s road tax, insurance, maintenance and more. Read our guide on other costs of running a car.

Know what you can borrow

Use our car finance calculator to see how much you could borrow. We’ll run a ‘soft’ credit check to give you a good idea of what should be possible.

Start searching

When you apply, you can go to our online area where you can shortlist cars, review quotes and more. You can find out more in our help and advice section.