Pilot
Used-car finance Rate Monitor
An independent, dealer-anonymous look at advertised used-car finance APRs — by vehicle age and price band.
Reviewed by the Motoring Today Editorial team · methodology in our editorial standards.
Last updated 2026-07-10 · 935 advertised Hire Purchase quotes across 19 dealers
On comparable used cars — the same age and price band — advertised APRs typically vary by around 3 percentage points between dealers, and by more on older, cheaper cars. The overall median advertised APR is 12.9%. It always pays to compare before you sign.
Median advertised APR by age and price
| Vehicle age | Price band | Median APR | Dealer spread | Sample |
|---|---|---|---|---|
| 0–3 yrs | £10k–£20k | 10.9% | ~3pp | 52 quotes · 11 dealers |
| 4–6 yrs | Under £10k | 12.9% | ~2pp | 28 quotes · 11 dealers |
| 4–6 yrs | £10k–£20k | 11.9% | ~3pp | 139 quotes · 14 dealers |
| 4–6 yrs | £20k–£30k | 11.4% | ~2pp | 29 quotes · 7 dealers |
| 7–9 yrs | Under £10k | 13.9% | ~3.3pp | 238 quotes · 16 dealers |
| 7–9 yrs | £10k–£20k | 12.9% | ~3.5pp | 212 quotes · 16 dealers |
| 10+ yrs | Under £10k | 15.9% | ~9pp | 129 quotes · 18 dealers |
| 10+ yrs | £10k–£20k | 13.9% | ~3pp | 46 quotes · 11 dealers |
Methodology
- What this is. Median advertised representative Hire Purchase APRs on used cars listed on Motoring.Today, grouped by vehicle age and price band. Each figure is from a single quote scenario — no cash deposit, a 60-month term, financing the advertised cash price — snapshotted on 2026-07-10. These are quote-engine figures, not the rates customers ultimately paid. A representative APR is the rate a lender expects at least 51% of accepted customers to receive; an individual’s rate may be higher or lower depending on their circumstances.
- Dealer spread. Within each band we take each dealer’s typical (median) advertised APR, then report the range between the lower and higher dealers (the 10th to 90th percentile of those dealer medians). It shows how much the advertised rate differs between dealers for otherwise comparable cars. Differences largely reflect the finance rate plan each dealer selects from the lender’s menu, along with lender pricing and stock mix within each band. Since January 2021 the FCA has banned discretionary commission arrangements, which means a dealer cannot adjust an individual customer’s interest rate to increase its own commission.
- Anonymity & controls. No dealer or lender is named, and there is no dealer index or league table. A cell is only shown where it contains at least 20 quotes from at least 3 distinct dealers, to prevent any dealer being identified.
- Pilot & caveats. This is a pilot based on a limited panel (19 dealers) and a single quote scenario. It is a point-in-time snapshot (last updated 2026-07-10) and stock mix varies between dealers. Treat it as indicative.
For your rights and how to compare finance, see our car finance transparency guide. Information only — not financial advice.