Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.
On offer and ready for its new owner to drive away - second hand Nissan Micra 1.2L Spirita 80 Bhp with automatic transmission and a 1.2 litre petrol engine. Get it at the outstanding price of £3,490 from this dealer in Bedford.
A car designed by the Vauxhall company that gives its driver a higher level of reliability and trustworthiness than the average model. This second-hand comes in this colour of blue with a petrol 1.4 LTR motor, manual transmission and 60,000 miles on the clock.
Advertised at the price of £3,799 or with the possibility to buy on finance with affordable repayments from around £ per calendar month, this Sorento has 81,244 miles clocked up on the dashboard and incorporates a 2.5 LTR diesel motor with manual transmission.
Become the new owner of this Mercedes-Benz Sprinter that comes fitted with manual transmission and a 2.1 LTR diesel motor. This second hand one from this dealership in Bacup comes in white and has 280,404 miles clocked-up on the dashboard.
Drive this used hatchback for £1,500. Credit deals start from only £ per month for this car which contains a 1.2 LTR petrol motor and manual transmission.
On offer and ready for you to drive away is this Vauxhall Meriva which comes equipped with a 1.7l diesel engine with automatic transmission. This second-hand model available from this dealer in Wakefield has 114,000 mi clocked up on the dashboard.
At just £3,499 is this Qashqai 1.6 N-tec 2Wd Euro that features a 1600CC petrol motor with manual transmission. This second hand model at this dealer has been finished in silver and has 113,000 miles clocked up on the dash.
Up for sale and ready for you to drive away today is this Astra that comes equipped with manual transmission and a 1400CC petrol engine. This second-hand model from us at this dealer is available at the amazing price of just £2,499.
Go down to this dealership for a closer look at this manual Corsa fitted with a 1.2 litre petrol engine with manual transmission. This used one in Mansfield has 100,214 miles on the dash and comes in the shade of black.
Now available to buy is this hatchback I10 on offer at the incredible price of just £2,995. This dealer also gives its customers the option to buy with flexible monthly instalments with instalment packages commencing at only £ per month.
Be the new owner of this Astra which has a 1600cc petrol engine with manual transmission. This used model has 77,000 miles on the dash and is finished in the shade of black.
At our awesome price of only £995 is this Citroen Xsara Picasso 1.6I 16V Desire, it incorporates a 1.6 litre petrol engine with manual transmission and it has 113,792 miles clocked up on the dash.
This used car is currently up for sale and ready for you to drive home. It is equipped with a 1.4 litre petrol motor with manual transmission and has 92,000 miles on the clock.
Equipped with a 2.0 LTR diesel motor with manual transmission, this second hand Vauxhall comes in the shade of black and has 76,000 miles clocked up on the dash.
Currently available for sale is this Jaguar XF that features a 1.0 ltr diesel motor and automatic transmission. At the remarkable price of £2,000 and affordable instalments on hand beginning from only £ per calendar month.
Finished in red, this vehicle comes fitted with manual transmission and a 1700CC diesel motor with 118,347 miles clocked up on the dash. First Registered in 2013, this Vauxhall is currently available on the market for £2,295.
It may be possible dependant on your circumstances and what car you choose, here are some tips to help you out.
Choosing the Right Car
The first step in securing a finance deal for around £100 per month is selecting the right car. Typically, smaller and more affordable cars such as hatchbacks, compact SUVs, and city cars are more likely to fall within this budget. Consider cars like the Ford Fiesta, Vauxhall Corsa, or Renault Clio. Keep in mind the total cost of ownership, including insurance, tax, and fuel efficiency.
Understanding Finance Options
There are various car finance options available, including Personal Contract Purchase (PCP), Hire Purchase (HP), and leasing. Each option has its pros and cons, so it's essential to understand the differences and choose the one that suits your needs. HP agreements usually have lower interest rates and allow you to own the car at the end of the term. PCP offers lower monthly payments but may have higher interest rates.
Shop Around for the Best Deal
Don't limit yourself to the finance offers available at the dealership. Shop around and compare rates from multiple lenders, including banks, credit unions, and online finance providers. Use online comparison tools to get an overview of the best deals on offer. This will give you a better chance of finding a finance deal that fits your budget.
Save for a Deposit
Having a larger deposit can significantly reduce your monthly payments. By saving for a deposit, you'll reduce the amount you need to finance, which means lower monthly payments and less interest paid over the term of the loan. A substantial deposit can also increase your chances of being approved for finance and may help you secure a lower interest rate.
Consider Your Loan Term
The length of your loan term will impact your monthly payments. A shorter loan term means higher monthly payments but less interest paid over the term. Conversely, a longer loan term results in lower monthly payments but more interest paid. If your goal is to have monthly payments around £100, consider extending your loan term. However, be mindful of the total interest paid.
Conclusion
Getting a car on finance for around £100 per month is an achievable goal with careful planning and consideration. By choosing an affordable car, understanding your finance options, shopping around for the best deal, saving for a deposit, and considering your loan term, you can secure a great car finance deal that suits your budget. Take the time to do your research and find a deal that works for you. Soon, you'll be driving away in a car that fits both your needs and your budget.