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I would like to borrow
To pay back over
3.5 years

Zuto is a credit broker, not a lender. Our rates start from 8.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £9,000 over 60 months with a representative APR of 20.9% the amount payable would be £234 a month, with a total cost of credit of £5,047 and a total amount payable of £14,047.

Zuto Limited. Registered in England under number 05722976. Registered office: Winterton House, Winterton Way, Macclesfield, Cheshire SK11 0LP. Zuto Limited is acting as a broker and not as a lender. Authorised and regulated by the Financial Conduct Authority, registration number 452589. Zuto can introduce you to a limited number of finance providers, based on your credit rating, Zuto won't charge you anything for this service, but do get a fee from the lender which varies based on the product or amount borrowed.

How long are car loans for on used cars?

If you’ve decided to buy a used vehicle and are choosing to make your purchase with a car finance agreement, you need to know not only how much you can afford to pay each month, but over how many years you wish to repay the debt. As a result, you might be wondering ‘how long are car loans for on used cars?’

There are many different forms of finance available to car buyers of used vehicles, including Hire Purchase (HP), Personal Contract Plans (PCPs), and personal or fixed sum loans. With all of these options, the length of term is typically between 12 to 60 months (one to five years).

Applying for used car loans online

You can get an idea of how long you can pay your car loan over by using the services of brokers online. Making an application like this is a quick and efficient way to find out what your options are. Typically you’ll need to enter an idea of what your credit history is (rated poor to excellent) and state how much you’d like to borrow over how many years.

The longer the term the smaller the repayments

As a general rule with new or used car loans, the longer the period in which you make repayment, the lower your individual monthly repayments will be. As you’re borrowing money over a longer term, you’ll be paying a larger amount of interest and therefore the total amount of you pay overall will be higher.

If you pay back your car loan within 12 months, the monthly repayments will be much larger, but you won’t pay as much interest. However, you might find smaller amounts more manageable over a 60-month repayment plan and be comfortable with paying more overall.

The age of the used car you’re looking to finance

When looking to get a car loan approved for a used car, the lender will take the vehicle’s age into consideration. Many standard loans from high street lenders won’t consider a car older than seven years of age, but online brokers often have access to groups of lenders willing to consider older cars, usually up to 10 years old.

In the case of classic cars or speciality vehicles, it’s worth getting in touch with finance brokers who can sometimes find you a lender willing to deliver finance for even older cars of 10+ years.

Affordability and length of term

Banks and finance companies will take into account your personal circumstances and credit history before offering you a specific length of term on your car finance. They need to be sure you’ll be able to make your repayments over the length of term. Proof of your regular earnings will be required, such as payslips or a copy of your bank statements showing your income.

If you can’t supply this, you can still acquire a car loan for your chosen used vehicle if you apply with a guarantor.

Whenever possible, it’s worth saving up some form of deposit before applying for a used car loan as this will lower your monthly payments and potentially reduce the number of years you must pay back your loan over. This can mean you pay less interest and therefore less overall on your loan.

At, it’s our aim to offer a convenient way for car buyers to access information on all aspects of finance. By providing an invaluable resource, our goal is to give car buyers the resources they need to choose the finance deal for their vehicle that they are fully satisfied with.

Other related FAQs

Looking for more related content to this? We’ve picked a selection of related topics that you may find helpful

Yes, certain lenders will consider offering finance for a vehicle that is sold privately.

Don’t worry if you can’t remember who your car finance is with. You can find out by checking your paperwork, looking at who you make your payment to through your bank, or calling the dealership you bought your car from.

Car finance agreements can be a great option for a wide range of people. Before committing to a deal though, it’s always important to read the terms carefully and consider the pros and cons.

In most cases, car finance providers pay for or provide your vehicle after you pay a deposit. Then, over the course of an agreed repayment period, you’ll pay off some or all of the price. The product you choose will decide what happens at the end of the agreement – but common options include taking ownership of the car, handing it back, or upgrading it.

Under certain circumstances, you can claim the cost of a car as a capital allowance, meaning you can deduct some of the vehicle’s value from the profits of your business before paying tax. However, strict criteria apply.

Car loans can be secured or unsecured, depending on the type of agreement you get.

Buying a used car with a finance agreement can be a good option. As with any financial agreement though, it’s always important to check the details carefully and to consider the pros and cons.

A guarantor car loan is an agreement in which a third party (usually a family member or friend) agrees to guarantee the repayment of your loan if you fail to keep up with your payments.

In general, you cannot simply transfer a car finance agreement to someone else. However, there may be other options available to you that meet your needs.

Car finance is a loan – but it’s one that’s often secured against the vehicle you’ve decided you want. As such, it’s often viewed a little differently to a personal loan – which is not secured against anything.