Buying a used Dacia with hire purchase (HP) car finance

Dacia, a subsidiary of Renault, is known for its no-frills approach to car manufacturing, offering practical and affordable vehicles.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Dacia within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Dacia model straight away.

Apply now for HP car finance

Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Dacia?

If you’re considering purchasing a used Dacia, here’s a detailed look at what you should know about its strengths and weaknesses:

Strengths of buying a used Dacia:

  1. Affordability: Dacia vehicles are known for their low purchase prices, making them an attractive option for budget-conscious buyers. Despite their affordability, Dacias offer decent build quality and essential features.
  2. Simplicity and reliability: Dacia cars are designed with simplicity in mind, which often translates to reliability. They have straightforward mechanical components and fewer electronic gadgets, reducing the likelihood of complex issues.
  3. Practicality and space: Dacia models like the Sandero and Duster offer generous interior space and practicality. They provide ample seating and cargo room, making them suitable for families and those needing extra space.
  4. Low running costs: Dacia vehicles typically have low running costs, including insurance, maintenance, and fuel consumption. Their efficient engines and affordable parts contribute to overall cost-effectiveness.
  5. Ruggedness and off-road capability: The Dacia Duster, in particular, is praised for its ruggedness and off-road capability. It offers good ground clearance and optional four-wheel drive, making it suitable for tackling rough terrain.

Weaknesses to consider:

  1. Basic interior and features: Dacia interiors are functional but lack the premium feel and advanced features found in more expensive brands. Materials may feel cheap, and amenities may be limited compared to rivals.
  2. Safety equipment: While newer Dacia models are equipped with essential safety features, older versions may lack some advanced safety equipment found in competitors. Buyers should check the safety specifications of the specific model they’re considering.
  3. Resale value: Due to their low initial purchase price, Dacia vehicles may depreciate faster than some competitors. While this can be advantageous for used car buyers, it's essential to consider potential resale value if you plan to sell the car later.
  4. Limited model range: Dacia's line-up in the UK is relatively limited compared to other brands. While models like the Sandero and Duster cover popular segments, there are fewer options available compared to larger manufacturers.
  5. Perception and brand image: Dacia's reputation as a budget brand may deter some buyers who prioritize brand image and prestige. However, for those focused on practicality and value, this may not be a significant concern.

Tips for buying a used Dacia

  • Research specific models: Focus on popular models like the Sandero and Duster, which have strong reputations in the used car market. Research specific model years for any common issues or recalls.
  • Check service history: Ensure the car has a comprehensive service history and has been well-maintained. Regular servicing by authorised Dacia service centres is a good indicator of a well-cared-for vehicle.
  • Inspect for common issues: Look for signs of common issues, such as wear and tear on mechanical components. A thorough inspection and test drive can help identify potential concerns.
  • Consider certified pre-owned: While Dacia may not offer a certified pre-owned program, some dealerships may provide warranties or assurances on used vehicles. Inquire about available options for added peace of mind.
  • Evaluate running costs: Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget.

Overall, a used Dacia can be a practical and cost-effective choice for buyers in the UK, offering affordability, reliability, and functionality. By conducting thorough research and inspections, you can find a high-quality used Dacia that meets your needs and provides reliable transportation for years to come.

Buying a used Dacia with HP car finance

One of the ways to buy a used Dacia, if you do not have enough money to pay for it in full straight away, is to use HP car finance.

This is where you ‘hire’ the Dacia from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Dacia from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Dacia completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Dacia could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Dacia are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Dacia today: with HP car finance you can get a Dacia even if you don’t have all the money for it right now.
  • Spread the cost of owning your Dacia: cars are expensive, but are often an essential part of daily life. When you buy your Dacia with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Dacia will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Dacia you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Dacia at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Dacia at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Dacia being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Dacia is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Dacia’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Complete the same day

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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