The best websites for used car finance | The Car Expert (2023)

Most people buying a used car will be taking out finance of some kind to pay for it, but there are plenty of options available in used car finance that make it worth shopping around rather than taking whatever a car dealer offers you.

If you’re buying a used car from a franchised main dealership, they will usually steer you towards the car manufacturer’s own finance company when offering you a finance quote. But that’s mainly because it’s better for them, rather than for you –always bear in mind that car dealers get sales commission for selling you car finance, as well as for selling you a car.

Very few people even question whether the dealer’s finance offer is competitive, and only start looking around for alternatives if they are turned down for finance at the dealership. But when it comes to used cars, the manufacturer finance companies don’t usually offer any significant advantage. So if you’re looking to buy a used car, it absolutely pays to shop around for the best finance offer you can find.

Many independent finance brokers also specialise in bed credit car finance, for customers who struggle to be accepted by the car manufacturers’ own finance companies.

When taking out finance on a used car, the interest rate you pay on the money you’re borrowing will depend on a number of factors, like how much you’re borrowing and over how long, but a key factor is your credit history. If you have an excellent credit history, you might only pay about 7% APR. But if your credit history is poor, you could easily be paying more than 20%.

The sites below all list a ‘Representative APR’ number, which is what they expect at least 51% of customers to be offered. A higher Representative APR on a site usually means they help a larger number of sub-prime (bad credit) car finance applications, while a lower Representative APR often means they concentrate more on prime (good credit) customers.

  • Understanding your credit history and credit score
  • Our awesome car finance glossary explains all the jargon

So here’s our current list of some of the best sites for used car finance. These are all credit brokers, rather than lenders, which means they will find you the best deal available from the lenders who actually lend you the money.

The best sites for used car finance in 2022

  1. We Finance Any Car
  2. Zuto
  3. Oodle
  4. Motorly
  5. Fairsquare
  6. Car Finance 247
  7. My Car Credit
  8. MatchMe
  9. Choose My Car
  10. Carvine

We Finance Any Car*

The best websites for used car finance | The Car Expert (1)

They say: “We finance cars and take the hard work out of the process for you.”

(Video) Best site to buy used cars uk

Essex-based We Finance Any Car is one of the best-known used car finance brokers around, catering for both hire purchase (HP) and personal contract purchase (PCP). It offers a ‘Beat the Dealer’ feature, as well as a car finance calculator. The calculator should be taken as a guide rather than gospel, but it does give you an idea of how your monthly payment changes depending on your credit rating, term or amount borrowed.

With a Trustpilot score of 4.9 based on more than 200 reviews, We Finance Any Car is highly rated by its customers.

Rates from 6.9% APR. Representative APR 23.9%.


The best websites for used car finance | The Car Expert (2)

You might have seen the familiar Zuto logo on Auto Trader, which is because it’s the site’s preferred finance partner. It also has a Trustpilot customer review score of 4.6 from more than 11,000 reviews, which suggests that the vast majority of customers are happy with the service they receive.

Zuto’s site has plenty of good explanatory content that explains the different requirements for differing circumstances. The site is quite clear that it only works with what it calls ‘verified dealers’ that meet its requirements. That may limit your choice of car somewhat, but it increases the chances of the whole experience running smoothly and without any drams berfore, during or after your car purchase.

Rates from 8.9% APR. Representative APR 19.3%.


The best websites for used car finance | The Car Expert (3)

They say: “We’re the fastest growing motor finance company in the UK”

Founded in 2016, Oodle claims to have helped more than 150,000 customers buy a car. It works with more than 300 dealers across the UK, and has a digital wallet set-up called OodlePay. So once you’ve been approved for finance, you can visit one of those 300 dealers and buy a car on the spot. Oodle owns Carsnip, a used car search engine, so if you’re using Carsnip to search for your next used car then you’ll be looking at vehicles from approved Oodle dealers.

If you want a particular car that’s from a dealer outside the company’s network, you can get in touch and they’ll give the dealer a once-over to make sure they’re legitimate. Assuming that’s all good, you can then proceed.

Unlike most other used car finance sites, Oodle doesn’t promote bad credit car finance or “Rates from x%”. Their relatively low Representative APR of 15% also suggests that they don’t work with as many sub-prime customers as other sites on this list.

(Video) UK Car Finance Buying Advice! A MUST KNOW!

Representative APR 15%.


The best websites for used car finance | The Car Expert (4)

They say: “Motorly makes car finance simple.”

Motorly has a clear and easy-to-read site that explains everything quite well. Our main criticism is that it has about 24 unnecessary duplicate pages for “Car Finance in [your region here]” that are all exactly the same apart from the name of the city (“Car Finance in Glasgow” is –unsurprisingly –exactly the same as “Car Finance in Birmingham” aprt from the names of the cities). This is 2022, guys, and Google doesn’t work like that anymore.

Like all the providers on this page, Motorly can find you a finance deal from its panel of lenders and offers a choice of HP, PCP and personal loans.

Rates from 6.9% APR. Representative APR 22.9%.


The best websites for used car finance | The Car Expert (5)

They say: “Buy online, get it delivered, love it or return it”

Fairsquare integrates your finance preferences with a selection of cars available from its car dealer partners, which effectively reverses the usual process of finding a car you like and then working out how much it would cost you to finance it.

Fairsquare also provides car finance options for new cars and vans, including purchase financing like HP and PCP as well as leasing if you prefer a simple rental.

Rates from 7.9% APR. Representative APR 17.1%.

Car Finance 247

The best websites for used car finance | The Car Expert (6)


(Video) Mercedes v250

They say: “We’re here to help people improve their everyday lives.”

CarFinance 247 claims to be the largest online car finance broker site in the UK based on visitor numbers. It offers HP, PCP and personal loans, with additional emphasis on bad credit car finance. The site has lots of information about bad credit eligibility and different situations to help you understand whether you’re likely to be accepted for a loan.

The site talks a lot about ‘shaking up the system’ and ‘turning the traditional car finance process on its head’, but it’s the same process that all the other sites here use. And, like those other sites, it offers plenty of positive Trustpilot reviews from happy customers.

Rates from 6.9%. Representative APR 19.9%.

My Car Credit

The best websites for used car finance | The Car Expert (7)

They say: “Our award-winning technology combined with our broad lender panel improves your chances of being accepted for car finance.”

My Car Credit is part of Evolution Funding, which claims to be the UK’s largest motor finance credit broker. The Representative APR is the lowest on this list –that doesn’t mean you’re likely to be offered a lower interest rate on your loan, but it suggests that My Car Credit doesn’t do a lot of bad credit car finance.

The loan calculator on the site gives a clear indication of a typical interest rate for different credit ratings, from 6.9% APR for ‘excellent’ to 29.9% APR for ‘bad’. As always, this is just an indication and you may be offered a rate that is higher or lower depending on your specific circumstances.

Rates from 6.9% APR. Representative APR 13.9%.


The best websites for used car finance | The Car Expert (8)

They say: “We match car finance to you”

Match Me Car Finance has a very clean and simple website with all the relevant information clearly visible on the front page. Like most sites here, there is a page of largely pointless blog articles that have nothing to do with car finance, but at least they’re hidden away out of sight…

(Video) How To Get a GREAT Deal On A Car - USED or NEW - 2021 | Car Expert

The Representative APR information is clearly stated up front, which is nice. There’s not a lot of explanation of different finance products or options, with only a minor mention of hire purchase.

Rates from 7.9% APR. Representative APR 21.9%.

Choose My Car

The best websites for used car finance | The Car Expert (9)

They say: “Going theextra mileto get thecarandfinanceyou deserve.”

Like Fairsquare, Choose My Car shows you a range of cars from their affiliated dealerships that fit into your monthly budget. The site’s homepage is well laid out, but unfortunately the explanations are basically word salad as they try to fit as many car finance keywords into each paragraph in an attempt to grab Google’s attention.

However, there is a nice table that clearly shows the different finance products they offer and the features of each so you can compare. There’s also a good FAQ section with helpful information, but unfortunately both of these features are hidden away in a sub-menu rather then being presented up front where they would be more useful.

Rates from 6.9% APR. Representative APR 21.4%.


The best websites for used car finance | The Car Expert (10)

They say: “We deliver thebest vehicle finance dealsfor all of our customers regardless of their circumstances.”

Carvine puts equal weighting on its van financing and its car financing. There’s a particular emphasis on bad credit car finance for people who have been turned down by car dealer finance providers or banks. On that theme, there are some helpful links to consumer advice services like StepChange and the Money Advice Service, among others.

The site is simple and clear, although some of the descriptions could be clearer. There’s also the usual collection of pointless blogs about ‘the best car-inspired baby names’ and other nonsense. That probably won’t help you with your car finance application, although it may explain how you came to be called Edsel or Mercedes or 911 Carrera…

Rates from 6.9% APR. Representative APR 24.9%.

More expert advice

(Video) Car finance - what you need to know | Top10s

  • Car finance information and advice at The Car Expert
  • The best sites for buying a used car
  • The best sites for leasing a new car


What is the best car finance website? ›

The best sites for used car finance in 2022
  • Oodle.
  • Motorly.
  • Fairsquare.
  • Car Finance 247.
  • My Car Credit.
  • MatchMe.
  • Choose My Car.
  • Carvine.
19 Mar 2022

What is the most reliable website to buy used cars? ›

Best Used Car Sites of 2022
  • Best Overall: Autotrader.
  • Best Basic Option: CarsDirect.
  • Best for Classic Cars: Hemmings.
  • Best for Mobile: Autolist.
  • Best for Cheap Cars: CarGurus.
  • Best for Comparing Options: AutoTempest.
  • Best Auction Site: Cars & Bids.

Where is the cheapest place to finance a car? ›

Credit unions: Because credit unions are nonprofit, they often offer competitive rates and similar loan terms to a bank. This means they're one of the cheapest ways to get an auto loan.

What is carcraft now called? ›

Carcraft was an independent group of used car hypermarkets established in 1951 in Rochdale, Greater Manchester, England, with eleven locations around the country.
Defunct30 April 2015
FateIn administration
HeadquartersRochdale, United Kingdom
ProductsUsed Cars Car Finance
4 more rows

What is the smartest way to finance a car? ›

How to finance a car the smart way
  1. Check your credit score before you go to the dealership. ...
  2. If your credit score isn't perfect, get financing quotes before you go. ...
  3. Keep the term as short as you can afford. ...
  4. Put 20% down. ...
  5. Pay for sales tax, fees, and “extras” with cash. ...
  6. Don't fall for the gap insurance speech.
26 Oct 2022

What is the best free finance website? ›

The 15 best finance websites
  • The Motley Fool.
  • The Economist.
  • MarketWatch.
  • Financial Times.
  • CNNMoney.
  • CNBC.
  • MoneyMorning.
  • The Street.
28 Jan 2022

What are 3 websites that can be used to get an accurate value on a car? ›

Here are some of the most popular sites:
  • Kelley Blue Book. Kelley Blue Book, commonly abbreviated as KBB, is a leading online car value estimator. ...
  • Edmunds. ...
  • (NADA) National Automobile Dealer's Association. ...
  • Trade-in value. ...
  • Private resale value. ...
  • Certified pre-owned value. ...
  • Dealer resale value.
25 Feb 2021

What are the top 5 most reliable of used cars to buy? ›

5 of the Most Reliable Used Cars You Can Find
  • Honda Civic. They're sporty, they're simple, and they're one of the most reliable compact cars on the market: there's a reason the Honda Civic is one of the most popular used cars in America! ...
  • Toyota Corolla. ...
  • Chevrolet Silverado 1500. ...
  • Mazda3. ...
  • Honda CR-V.
29 Apr 2022

What is the most popular used car website? ›

Best Used Car Websites for 2022
  • Autotrader has been around since 1997, and in that time, they have become one of the premier online marketplaces for used vehicles. ...
  • ...
  • ...
  • ...
  • ...
  • ...
  • ...
25 Oct 2022

What is a good interest rate on a used car? ›

The average auto loan rate is 4.33% for new cars and 8.62% for used cars, but shop around to get the best deal.
Average car loan interest rates.
Credit scoreAverage APR, new carAverage APR, used car
Prime: 661-780.4.03%.5.53%.
Nonprime: 601-660.6.57%.10.33%.
Subprime: 501-600.9.75%.16.85%.
3 more rows
29 Aug 2022

What is a good car loan rate 2022? ›

The average interest rate for auto loans on new cars in 2022 is 4.07%. The average interest rate on loans for used cars is 8.62%. If you have a high credit score, you can expect your interest rate to be slightly lower than these figures.

Which bank is best for car finance? ›

Best Auto or Vehicle Loan Providers in South Africa
  • Wesbank.
  • FNB.
  • Absa.
  • Standard Bank.
  • Motor Finance Corporation.
17 Sept 2021

What happened to carcraft? ›

The Carcraft chain of second-hand car supermarkets has closed according to administrators. Carcraft operated 10 used car dealerships at locations around the UK and had its head office in Rochdale, Greater Manchester.

What other sites are like Copart? ›

The following five websites are the best of the best car auction sites in the world right now.
  • COPART. If you're looking for non-repairable, clean title, and salvage cars, then Copart is the online auction site you should use. ...
  • IAAI. ...

Is CarsDirect a good way to buy a car? ›

CarsDirect is a good way to shop for a new or used car, especially if you have poor credit. It's a convenient hub that connects you to lenders and dealers.

What is the best amount of months to finance a car? ›

According to most personal finance experts, the optimal length for a car loan is 48 months, although some are upping this length to 60 months due to the increased cost of vehicles and lower interest rates.

Is it better to finance at a dealership or bank? ›

The primary benefit of going directly to your bank or credit union is that you will likely receive lower interest rates. Dealers tend to have higher interest rates, so financing through a bank or credit union can offer much more competitive rates.

What should you not do when buying a used car? ›

What to avoid when buying a used car
  1. Not test-driving the car thoroughly. ...
  2. Not looking at maintenance ratings. ...
  3. Not getting a mechanic to look at it. ...
  4. Not asking about the vehicle history. ...
  5. Not asking for the car you want. ...
  6. Not negotiating up from the dealer cost. ...
  7. Not reviewing the final sale paperwork carefully.

What is the best financial news source? ›

Historically, The Wall Street Journal is one of the most reputable and reliable sources for financial information.

Which website is good for finance news? ›

Top 10 – Best Financial Websites in India
  • 1.1 The Economic Times.
  • 1.2 Moneycontrol.
  • 1.3 Business Standard.
  • 1.4 CNBC TV18.
  • 1.5 Livemint.
  • 1.6 National Stock Exchange of India.
  • 1.7 Bombay Stock Exchange.
  • 1.8 Business Today.

Is Snoop finance free? ›

Snoop is a free money management and budgeting app, helping you track your spending, cut your bills and control your finances.

Who has the most accurate used car value guide? ›

Kelley Blue Book

KBB has been valuing cars for the last nine decades and has an enormous amount of data to figure out the most accurate value of your used car. To give you a free car appraisal, it factors in the actual transactions, auction data, market trends, and your car's condition.

Which car valuation site is most accurate? ›

An HPI car valuation provides the most accurate and reliable car valuation available. Not only is our service free, but we also give you more information than any other car valuation provider. If you're looking for a used car value, then look no further than HPI valuations.

Is there a site better than CARFAX? ›

AutoCheck Provides More Value Over Carfax

Even if you already have access to a vehicle history report from a provider, AutoCheck has its own set of exclusive data that may uncover further information about a vehicle you're considering.

Which used cars have the least problems? ›

9 of the most reliable cars
  1. Toyota Corolla (Top-rated compact car) ...
  2. Hyundai Sonata (Top-rated midsize car) ...
  3. Chevrolet Impala (Top-rated large car) ...
  4. Buick Envision (Top-rated compact SUV) ...
  5. Hyundai Sante Fe (Top-rated midsize SUV) ...
  6. Chevrolet Suburban (Top-rated large SUV) ...
  7. Toyota Sienna (Top-rated minivan)
20 Sept 2022

What car brand has least problems? ›

The most reliable car brands - and the least
  • Kia. Reliability rating: 95.8% ...
  • Mazda. Reliability rating: 95.9% ...
  • Mitsubishi. Reliability rating: 96.9% ...
  • Dacia. Reliability rating: 97.3% ...
  • Lexus. Reliability rating: 98.7% ...
  • Alfa Romeo. Reliability rating: 86.5% ...
  • Land Rover. Reliability rating: 82.5% ...
  • Fiat. Reliability rating: 82.0%
6 Aug 2022

What brand of cars last longest? ›

Toyota earns the top spot as the best automaker for dependability. Toyota vehicles are known for their longevity, and they are proven to last longer than any other brand. Toyotas are built so well they have below-average maintenance and repair costs, which helps contribute to why they remain on the road for so long.

What are 10 most reliable used cars? ›

Most Reliable Used Cars
  • 2021 Nissan Rogue. ...
  • 2018 Lexus RX 350. ...
  • 2014 Honda Civic. ...
  • 2016 Toyota Avalon. ...
  • 2017 Kia Forte. ...
  • 2012 Mazda MX-5 Miata. ...
  • 2021 Honda CR-V. ...
  • 2020 Audi A3. If you want an entry-level luxury vehicle but don't want to take a chance on a BMW or Mercedes, the Audi A3 could be the best option for you.
24 Sept 2022

What are the top 5 tips for buying a used car? ›

5 Tips When Buying A Used Car
  • Examine Exterior and Interior.
  • Test Drive.
  • High Mileage Versus Low Mileage On A Used Car.
  • Professional Inspection.
  • All The Ways To Research.
  • Driver's Auto Mart.
10 Jul 2020

How much mileage is too much for a used car? ›

What is considered high mileage on a car? Often, 100,000 miles is considered a cut-off point for used cars because older vehicles often start requiring more expensive and frequent maintenance when mileage exceeds 100,000.

How can I get a low interest rate on a car? ›

How to Lower Your Car Loan Interest Rate
  1. Maintain a good credit score. ...
  2. Apply for Auto refinancing. ...
  3. Shop around and Compare Auto refinance rates. ...
  4. Apply with a co-borrower or add a co-signer. ...
  5. Negotiate the APR with the lender. ...
  6. Think about shorter loan terms.

What is the lowest interest rate for a used car? ›

Used car loans start at 5.64% with the buying service and 6.04% otherwise. These are still some of the best auto loan rates compared to other lenders' rates for new and used vehicle purchases.

What is a too high interest rate on a car? ›

Car loan interest rates should not exceed 25%.

Will 2022 be a good year to buy a car? ›

While soaring used car prices are bad for those who can't afford a new car, they may mean 2022 is a good time to buy a car for those with a vehicle to trade in. A high trade-in price means added capital that can help reduce the finance share of purchasing a new car.

Will car prices go back down in 2022? ›

Average prices were up 42.5% in September 2022 vs. February 2020. Used car prices have likely peaked, but new car prices are set to remain elevated through end-2022. In 2023, prices are expected to decline by 2.5% to 5% for new cars and by 10% to 20% for used cars.

What is a normal car payment 2022? ›

The average monthly car loan payment in the U.S. is $667 for new vehicles and $515 for used ones originated in the second quarter of 2022, according to credit reporting agency Experian. It's worth noting that recent reports from other industry analysts place the average monthly car payment even higher for new vehicles.

Which bank is giving cheapest car loan? ›

HDFC offers you the lowest car loan interest rate in 2022 in India, with a 7.95% to 8.30% valuation.

Which car company has the easiest financing? ›

The Easiest Auto Loans to Get Online
  1. Auto Credit Express. 4.9 /5.0 Stars. ...
  2. Auto Loan. 4.5 /5.0 Stars. ...
  3. 4.0 /5.0 Stars. ...
  4. Carvana. ...
  5. Capital One Auto Finance. ...
  6. Credit Acceptance. ...
  7. DriveTime. ...
  8. LightStream.

What should my credit score be to buy a car? ›

In general, you'll need a credit score of at least 600 to qualify for a traditional auto loan, but the minimum credit score required to finance a car loan varies by lender. If your credit score falls into the subprime category, you may need to look for a bad credit car loan.

What is the best car dealership website? ›

Autotrader tops our list as the best overall used car site as the most recognized car buying and selling online auto marketplace.

What's the best website for cars? ›

The 16 best used car websites
  • Autotrader.
  • CarGurus.
  • Kelley Blue Book.
  • CarsDirect.
  • eBay Motors.
19 Feb 2021

Why is Carvana buying Adesa? ›

We aim to use this ADESA U.S. alignment to both improve the experiences of the ADESA U.S. physical auction customers and to focus on significant and sustainable efficiencies, and unit economic improvements, for Carvana to catapult back into rapid profitable growth as the industry inevitably rebounds.”

What is the number 1 auction site? ›

eBay is the best overall online auction website because it's free for buyers, both seller and buyer have protections from fraud, and you're not restricted to just the United States. You can buy and sell on eBay from most countries.

Which online auction is best? ›

Top 20 Online Auction Sites (2022 Update)
  1. 1) CharityAuctionsToday.
  2. eBay.
  3. eBid.
  4. LiveAuctioneers.
  5. QuiBids.
  6. BidGoLive.
  7. AuctionZip.
  8. BiddingForGood.

Are there hidden fees with Copart? ›

Myth #1: Copart Has Hidden Fees

While Member Fees do exist at Copart, no fees are hidden from our Members, and the list can be accessed at any time. It is important for Members to educate themselves on which fees are relevant to them and what to expect before placing a bid on a vehicle.

What is the smartest way to pay for a car? ›

Use Your Personal Savings to Pay for a Car

While it might be unrealistic to save enough cash to buy a brand-new car outright, it's a wise strategy to pay with cash if you're able to buy an inexpensive used car. By paying with cash savings instead of taking out a loan, you save money by not paying interest.

Is it better to get car finance from dealer? ›

Dealer finance often offers lower interest rates than a standard car loan, but may require a balloon payment to be made at the end of the finance period. Dealer finance programs are usually only available for new cars, whereas car loans can be used for new and used cars from private sellers and dealerships.

Is it cheaper to buy a car straight from the manufacturer? ›

All things considered equal, ordered vehicles cost no more than vehicles in dealer stock and, in some cases, may actually cost less. When you buy from dealer stock, you may have to settle for a vehicle with either more or less equipment or your second or third color choice.

What is the best personal finance website? ›

Best sites for overall personal finance advice
  • Money Crashers. ...
  • Nerdwallet. ...
  • Well-Kept Wallet. ...
  • Get Rich Slowly. ...
  • Financial Samurai. ...
  • Budgets are Sexy. ...
  • You Need A Budget. ...
  • The Penny Hoarder.
24 Jun 2022

What car company is easiest to get financing? ›

The Easiest Auto Loans to Get Online
  1. Auto Credit Express. 4.9 /5.0 Stars. ...
  2. Auto Loan. 4.5 /5.0 Stars. ...
  3. 4.0 /5.0 Stars. ...
  4. Carvana. ...
  5. Capital One Auto Finance. ...
  6. Credit Acceptance. ...
  7. DriveTime. ...
  8. LightStream.

Is it better to finance through dealership or bank? ›

The primary benefit of going directly to your bank or credit union is that you will likely receive lower interest rates. Dealers tend to have higher interest rates, so financing through a bank or credit union can offer much more competitive rates.

What is the 70 20 10 Rule money? ›

How the 70/20/10 Budget Rule Works. Following the 70/20/10 rule of budgeting, you separate your take-home pay into three buckets based on a specific percentage. Seventy percent of your income will go to monthly bills and everyday spending, 20% goes to saving and investing and 10% goes to debt repayment or donation.

What is the best finance company? ›

Rankings by Total Assets
1.JPMorgan Chase & CoFinancial Holding Company
2.Bank of AmericaFinancial Holding Company
3.Mitsubishi UFJ Trust and Banking CorporationFinancial Holding Company
4.BNP ParibasFinancial Holding Company
92 more rows

What is a good rate for financing a car? ›

Source: Experian Information Solutions. The average auto loan interest rate is 4.33% for new cars and 8.62% for used cars, according to Experian's State of the Automotive Finance Market report for the second quarter of 2022. With a credit score above 780, you'll have the best shot to get a rate below 3% for new cars.

What is a good interest rate on car finance? ›

What is a Good Car Finance Percentage Rate? Generally speaking, the lower the percentage rate the better. If you're offered a rate of 5% or less, then you can feel confident that you're getting one of the best offers available.

What's the lowest price to finance a car? ›

The best used car loan rates start at 2.49% while the best new car loan rate is 2.09%. Shorter financing terms of 24 to 36 months generally come with the lowest interest rates. Shop around and get quotes from multiple lenders to find the best auto loan rates for you.

What credit score is needed to buy a car with low? ›

Your credit score is a major factor in whether you'll be approved for a car loan. Some lenders use specialized credit scores, such as a FICO Auto Score. In general, you'll need at least prime credit, meaning a credit score of 661 or up, to get a loan at a good interest rate.

What credit score is needed for special financing on a car? ›

A credit score above 660 will typically allow you to qualify for an auto loan without a hassle. A credit score of 760 and above will typically allow you to qualify for auto maker special financing that can offer low-APR loans and rebates.

What is the best time to buy car? ›

The best time to buy a car is usually around the end of the year since salespeople will be trying to meet their quotas and may offer steep discounts. However, you should also consider holidays — like Black Friday — and the beginning of the week.

When should I buy car 2022? ›

Like purchasing a new car, you can save the most money by buying a used car between October and December. Because these months coincide with peak season for new car buying at the dealerships, there are more used or trade-in cars for sale—and better prices available, Montoya says.

Do dealers like down payments? ›

“It's actually a split, but in most cases, dealers will gladly take your money. Without getting into the jargon behind it, the time value of money states that money in hand now is worth more than in the future due to inflation. Therefore, a big down payment will usually cause a salesman's eyes to light up.


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