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

Dodge, a renowned British sports car manufacturer, is celebrated for its lightweight construction, superb handling, and thrilling driving experience.

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

What’s more we can complete your deal the same day, so you can drive home with your chosen Dodge 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 Dodge?

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

Strengths of Dodge

  1. Powerful Performance: Dodge vehicles are renowned for their powerful engines and performance capabilities. Models like the Dodge Charger, Challenger, and Durango offer impressive horsepower and acceleration, providing a thrilling driving experience.
  2. Bold Design: Dodge cars have a distinctive and aggressive design that stands out on the road. The muscular appearance, combined with sporty styling elements, makes Dodge vehicles visually appealing and instantly recognisable.
  3. Variety of Models: Dodge offers a diverse range of models, from muscle cars like the Challenger to family-friendly SUVs like the Durango. This variety ensures there's a Dodge vehicle to meet different needs and preferences.
  4. Innovative Technology: Many Dodge models come equipped with modern technology features, including advanced infotainment systems, connectivity options, and driver assistance features. The Uconnect infotainment system is particularly praised for its user-friendly interface.
  5. Towing and Hauling Capability: Dodge SUVs and trucks, such as the Durango and Ram series, are known for their strong towing and hauling capabilities. These vehicles are well-suited for transporting heavy loads and towing trailers, making them practical for work and recreational use.
  6. Comfortable Interiors: Despite their performance focus, many Dodge models offer comfortable and spacious interiors. Features like premium materials, ample seating space, and advanced climate control systems enhance passenger comfort.

Weaknesses of Dodge

  1. Fuel Efficiency: Due to their powerful engines, many Dodge vehicles have lower fuel efficiency compared to more economy-focused cars. It's important to consider ongoing fuel costs, especially if you plan to use the vehicle for daily commuting.
  2. Reliability: While Dodge has made strides in improving reliability, some models have had issues with long-term dependability. Research specific models and years for common problems to ensure you're making an informed purchase.
  3. Interior Quality: Although Dodge interiors are comfortable and spacious, the quality of materials used in some models may not be as high as those found in luxury competitors. This can be particularly noticeable in older or entry-level models.
  4. Depreciation: Dodge vehicles can experience significant depreciation, especially high-performance models. While this can make used Dodges more affordable, it's something to be mindful of if you plan to resell the vehicle in the future.
  5. Ride Comfort: Performance-oriented models like the Challenger and Charger may have a firmer ride quality due to their sport-tuned suspensions. If ride comfort is a priority, consider test-driving to ensure the vehicle meets your comfort standards.

Tips for buying a used Dodge

  • Research Specific Models: Popular models like the Challenger, Charger, Durango, and Ram each have unique characteristics. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check Service History: Ensure the vehicle has a comprehensive service history, preferably maintained by authorised Dodge service centres. Regular maintenance is crucial for the long-term reliability and performance of the vehicle.
  • Inspect for Wear and Tear: Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the engine, transmission, and suspension components, as these are critical to performance.
  • Consider Certified Pre-Owned: Buying a dealership-certified pre-owned Dodge offers benefits like extended warranties and rigorous inspections, providing 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. Dodge vehicles, particularly performance models, may come with higher running costs.

Overall, a used Dodge can offer a powerful, exciting, and distinctive driving experience. By doing thorough research and inspections, you can find a high-quality used Dodge that meets your needs and provides lasting satisfaction.

Buying a used Dodge with HP car finance

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

This is where you ‘hire’ the Dodge from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Dodge 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 Dodge 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 Dodge 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 Dodge 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 Dodge today: with HP car finance you can get a Dodge, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Dodge: cars are expensive, but are often an essential part of daily life. When you buy your Dodge 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 Dodge 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 Dodge 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 Dodge 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 Dodge 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 Dodge being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Dodge is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Dodge’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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  • Get a finance decision within minutes

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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:

Get started online

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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