Competitive car loans specifically for people in Accrington

Buying a car should never be complicated. With the right car financing solutions in place, it should be as simple as choosing your ideal used car and driving away from the forecourt.

We specialise in helping people in Accrington to fund second-hand vehicles. We provide competitive and affordable car loans, helping you drive away as quickly as possible in your new wheels. Our financing, which is only available on used cars purchased from Dace Motor Group, allows local drivers to spread their repayments over several months or years. You can choose how much you want to spend each month, and we can use our expertise to find affordable interest rates that limit how much you need to repay.

To help you get started on your search for a second-hand car, why not use our online car loan calculator. Not only is there zero impact on your credit score, but you can use the calculator to see how different loan amounts and loan terms could impact your repayment plans. Then, once you have assessed your affordability, why not search the used cars for sale on Dace Motor Group’s website? With a choice of petrol, diesel, and EV cars across various makes and models, we’re sure you’ll find what you are searching for.

Is it expensive to take out a car loan to fund a second-hand car?

In an ideal world, we would all love to be able to pay cash for our used cars. But even with a choice of low-cost used cars and part exchange options, the reality is that most people will not have thousands of pounds readily available to buy a second-hand car.

Therefore, low-interest car finance deals are hugely beneficial to helping Accrington motorists to get on the road as quickly as possible.

We specialise in affordable car loans that combine small monthly repayments with low-interest rates. However, our finance specialists understand that you may have extensive monthly outgoings, so we’ll carefully examine your income to identify a suitable car repayment plan.

We work hard to make sure that our car loans are accessible. For example, our HP loans are available with as little as 10% for an upfront deposit. And with agreed repayment plans in place, you can feel confident that you know how much your second-hand car will cost over the months or years.

Please note that you will not own the vehicle until all payments are made. If you default on your finance payments, the finance provider may repossess the vehicle.

We’ll explain the difference between PCP and HP car loans

Our approach ensures that you understand what you are signing up for. We do not use jargon. Instead, we focus on ensuring that drivers in Accrington know how much you will need to repay, how it fits in with your budget, and what could happen if you struggle to meet any repayments.

One of the most common questions we are asked is, “what is the difference between PCP and HP car loans?” As you begin your search for a cheap car finance deal, you may come across the two terms, but you may be unsure what they mean, and which could be right for you.

A PCP car finance loan is a personal contract purchase. You will decide how long you want your loan to last. Most PCP car loans last for between three and five years, during which time you will make monthly repayments based upon your agreed amount. When your fixed-term contract ends, you can choose to return the car, pay the current resale value of the vehicle, or put that resale value towards purchasing a newer model.

HP car finance loans differ because they are a hire purchase. You will pay a deposit for your chosen vehicle (often 10% of the car value) and make capital repayments over an agreed timeframe. At the end of your loan term, you will have repaid the vehicle’s value (plus the interest) and own the car outright.

We can help you decide whether HP or PCP car loans are right for you.
If you’re unsure which type of car loan is right for you, it may be beneficial to talk to a member of our team face-to-face.

We are not a faceless call centre. Instead, we are a proud part of the Dace Motor Group team. In each of the four Manchester-based dealerships, our finance staff is available to answer any of your questions or to process your application.

Our proximity to Accrington means that it’s quick and easy for you to pop in and see us. We promise you will never get a ‘hard sell.’ Instead, you’ll get an honest chat packed full of recommendations for how you can afford your dream car on your budget. In addition, we can talk through the various options available, explain how you can use a car loan for business purposes, and even discuss how we can help if you have a poor credit history.

Of course, if you’re not sure if you want to travel from Accrington to one of our dealerships, you can easily use our online car finance calculator to check your affordability.

What interest rates are available for car finance deals?

As you search for a cheap car loan, we know that you will be heavily focused on what interest rates are available. Many different factors could impact your interest rate. For example, whether you choose an HP or PCP car loan, your credit rating, and even the amount you wish to borrow.

Our online car finance calculator is an excellent tool to help you see how much you can afford to borrow. You can use it to see how different loan amounts and different loan terms can impact your monthly repayments.

But nothing compares to speaking to a member of our finance team face-to-face.

If you live in Accrington, you are only a short drive away from a Dace Motor Group dealership. So, why not visit one of our forecourts. Not only could you look at what used cars are available for sale, but you could even arrange a test drive at the same time!

When you are ready, our finance team can discuss what interest rates are available for used car financing. We can talk through your personal budget and discuss what loan size and term could be affordable to you.

If you would like to book an appointment with a member of our finance team, please contact us.

Why choose us to help you find a suitable car loan?
People in Accrington choose to come to us because we promise a straightforward and friendly approach to car finance deals.

Our experienced finance teams can be found at your nearest Dace Motor Group dealership. We can provide highly competitive car financing deals on any of Dace’s high-quality used cars. Unfortunately, we cannot provide financing for cars sold by other used car dealerships.

All of our customers are treated as individuals, and we find the best car loans that allow you to drive away in the car of your dreams. First, we’ll talk through every aspect of the car loan, from how much you will need to repay each month to your interest rates and what could happen if you struggle to make your repayments. Then, once we’ve identified the most appropriate lender for your circumstances, we’ll process the application on your behalf.

Our finance teams have seen it all; whether you are looking to part exchange an existing vehicle, buy a used car for business purposes, or you’re worried that your poor credit history could count against you. Whatever your circumstances, we will work with you to find a solution.

Can you get car finance with poor credit?

Everyone’s financial circumstances are different. Just because you’ve had a poor credit rating in the past doesn’t mean that you cannot still take advantage of a competitive car loan.

If you want to check your affordability, why not use our online car finance calculator? It won’t leave a mark on your credit score, so you can feel comfortable checking it as often as you like.

We specialise in helping people in Accrington buy a car, even with bad credit. Because we work with various lenders across the UK, we have excellent relationships with many lenders who specialise in providing car finance loans to people with bad credit.

If you are concerned about your credit rating, please contact us. We can discuss the various options available to you and find practical solutions to help you fund your ideal used car.

If you have a poor credit rating, you may need a guarantor for car finance

One way that you could secure a car finance loan when you have a poor credit score is to have someone who can act as a guarantor on your behalf. This is someone who will agree to take responsibility for your car loan if you cannot make your repayments.

As it is a huge responsibility, we will work with you to identify who could be the most appropriate person to ask to be your guarantor. We can talk to that person on your behalf and explain the implications and responsibilities. We will only proceed with an application once we feel sure that both you are your guarantor are fully aware of the terms and conditions of your car loan.

Helping people in Accrington secure affordable car financing solutions
At Dace Motor Group, we’ve been helping local people benefit from low-cost yet high-quality used cars for generations.

We’ve been here for over thirty years, and our reputation is based upon offering an honest, friendly, and reliable service to all our customers.

If you would like to find out more about our competitive car financing options, please visit a member of our team at your local Dace Motor Group dealership location.