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Car Repair Loans

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Representative Example: Borrow £300 for 6 months. 6 repayments of £84.58. Total amount payable £507.48. Interest rate: 138% pa (fixed). Representative APR: 835.85%

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Used Car Loans

A used car loan allows you to borrow money to purchase a second-hand car and spread the cost over a set repayment period. This can be especially useful if you don’t have savings available or if an unexpected expense, such as your old car breaking down, means you need a replacement quickly. At Fast Loan UK, our payday loans for cars are designed for people who may be struggling financially, offering fair, flexible and fast access to funds for your next car.

How It Works

What is a Used Car Loan?

A used car loan is a type of personal loan specifically used to buy a second-hand vehicle. Instead of paying for the car upfront in one large payment, you borrow an agreed amount and repay it in smaller instalments. This makes car ownership more affordable and helps you budget more effectively.

Traditional lenders and dealerships often push new car finance deals, but these can come with long-term contracts and aren’t always affordable. A used car loan can help support you get back on the road when repairing your existing vehicle outweighs the cost of buying a new one.

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Why Choose a Short Term Car Loan?

When your car is essential for work, family responsibilities, or everyday life, being without one can quickly cause disruption. Unexpected breakdowns or repair costs can arise at any time, often leaving you with expenses you were not prepared for. In these situations, a short term car loan may help cover urgent costs and keep you on the road.

Unlike long term finance agreements, a short term loan allows you to borrow what you need and repay it over a shorter period, typically in manageable monthly instalments. This can help you deal with immediate expenses without committing to long lasting debt.

With Fast Loan UK, you benefit from:

  • Quick decisions – Receive a decision in principle shortly after applying.
  • Affordability focused assessments – We consider your ability to repay, not just your credit history.
  • Flexible borrowing – Apply for an amount that suits your financial situation.

Short term loans are designed for essential and unexpected costs only. Before applying, make sure the repayments are affordable and suitable for your circumstances.

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Who Can Apply for a Used Car Loan?

Fast Loan UK is here to support people who may not have access to traditional lending. You can apply for a loan if you:

  • Are a UK resident aged 18 or over.
  • Be in Full-Time, Part-Time or Self-employment
  • Have a regular income, either through employment or benefits.
  • Have a valid bank account and debit card

You don’t need a perfect credit history. While we do carry out affordability checks, we understand that life isn’t always straightforward. Our loans are particularly suitable for:

  • Parents needing a reliable family car.
  • Workers whose job depends on transport.
  • People facing sudden car repair or replacement costs.

Start your application today to see how we can help. For more information or any questions you may have, please do contact us.

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For Your Information

Used Car Loan FAQs

Below you will find answers to frequently asked questions we receive about our loans for used cars.

Can I get a short term car loan with bad credit?
How quickly can I get the money for my second hand car loan?
What if I need a larger amount than expected?
Flexible Loan Options

Other Loans We Offer at Fast Loan UK

We offer a range of flexible loan options at Fast Loan UKso you can choose the amount, type, and repayment length that works for you.  

Read More From Our Experts

Money Smart

We’re here to help you make informed financial decisions, with guidance and insights in our Money Smart blog that go beyond short-term borrowing. 

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