# Introducing the UK’s first entirely online used car buying service with competitive finance option
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-06-18
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: eCars247 and Hitachi Capital Consumer Finance Unveil the UK's Only Entirely Online Used Car Buying Experience
Meta Description: Discover the convenience of buying a used car entirely online with instant finance service included. Explore eCars247 and Hitachi Capital Consumer Finance
URL: https://financedigest.com/introducing-the-uks-first-entirely-online-used-car-buying-service-with-competitive-finance-optionhtml

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- 87% of current car owners would consider buying their next vehicle entirely online and funded by finance, with convenience and time-saving cited as key drivers
- eCars247 and Hitachi Capital [Consumer](https://www.financedigest.com/the-impact-of-consumer-spending-on-the-market-2.html) Finance unveil the UK’s only entirely online used car buying experience with a complete and instant finance service included

Personal, motor, and retail finance provider, Hitachi Capital Consumer Finance, has collaborated with [eCars247](https://www.ecars247.com/) to offer a brand new and highly innovative end-to-end e-commerce experience for used car buyers across the UK.

> eCars247 is the UK’s only entirely online used car retailer with a complete and instant finance service included. Buyers can benefit from competitive pricing, time-saving customer services, and the convenience and security of a [personal loan](https://www.financedigest.com/advantages-and-disadvantages-of-taking-a-personal-loan.html "Advantages and Disadvantages of Taking a Personal Loan") finance offer (up to five years) from trusted provider, [Hitachi](https://www.financedigest.com/uk-regulator-expresses-concern-over-hitachi-thales-rail-signal-deal.html) Capital Consumer Finance.

The online car retailer offers a selection of HPI and AA inspected used vehicles, ranging in [price from £160-£320 per month](https://www.financedigest.com/world-food-price-index-falls-for-sixth-month-in-sept-fao.html "World food price index falls for sixth month in Sept -FAO"), plus home or work delivery, a 14-day test drive period, and even the option to part-exchange a current vehicle – and all made attainable in as little as 24 hours (with just a £100 deposit required) by an instant finance offer.

The collaborative [service agreement between eCars247 and Hitachi Capital Consumer](https://www.financedigest.com/do-consumers-want-robo-advisory-services.html "DO CONSUMERS WANT ROBO-ADVISORY SERVICES?") Finance is presented in response to proven consumer demand for a simpler, quicker, and more convenient car buying experience; as revealed in research1 with 1,000 car owners undertaken by the finance provider Hitachi Capital.

Three-quarters (75%) of the 1,000 car owners surveyed confirmed they had owned (or did currently own) a vehicle purchased on finance – highlighting just how popular this payment option already is.

When asked about if they would consider buying a vehicle of their choice on finance, and processed entirely online (with delivery, [test drive](https://www.financedigest.com/constructive-digitization-to-drive-the-ecg-and-eeg-testing-market.html "Constructive Digitization to drive the ECG And EEG Testing Market"), and part-exchange services offered), 87% responded that this would appeal to them. Millennials were most interested (96%) which aligns with the results already seen by ecars247, where males aged between 25 and 34 make up the core audience demographic.

**Interest in this service split regionally:**

‘It would appeal to me’

- [South East](https://www.financedigest.com/pimp-my-ride-south-east-drivers-most-likely-to-modify-their-cars.html "Pimp my ride! South East drivers most likely to modify their cars") England – 90%
- Northern England – 87%
- Scotland – 87%
- Central England – 86%
- South West England – 84%
- Wales – 81%

When it comes to why, a quarter (25%) said they would [consider it if they could get a better deal](https://www.financedigest.com/eu-considers-more-funds-for-eastern-states-in-bid-for-deal-on-russia-oil-ban.html "EU considers more funds for eastern states in bid for deal on Russia oil ban"), while 23% said this would certainly appeal to them as they find an in-person/dealership purchase experience stressful and time-consuming. Around one in five (21%) believe this sort of service would be a lot more convenient overall.

But just how much does the nation value convenience, and how long do people want to [invest in the car](https://www.financedigest.com/volkswagen-boosts-electric-car-investment-in-spain-to-10-billion-euros.html "Volkswagen boosts electric car investment in Spain to 10 billion euros") buying process?

On average, respondents said they value convenience highly when purchasing a car (an average 7.1/10 with one being ‘no value at all’ and ten being ‘essential’).

Following selection of a vehicle, around half (49%) would choose to have the entire purchase complete in less than four hours (25% stated than under an hour would be preferable).

Christopher Killen from eCars247 commented: “We know buyers are increasingly looking for a more convenient and [innovative service in the market](https://www.financedigest.com/cloud-professional-services-market-to-be-driven-by-technological-innovation-tmr.html "Cloud Professional Services Market to be Driven by Technological Innovation | TMR"). We wanted to launch this offering with Hitachi Capital Consumer Finance to fuel this growing demand, show our willingness to adapt to the ever-changing [market and help shape what the future](https://www.financedigest.com/air-separation-plant-market-to-register-5-cagr-driven-by-surging-demand-for-nitrogen-gas-within-food-beverage-sector-future-market-insights.html "Air Separation Plant Market to Register 5% CAGR Driven by Surging Demand for Nitrogen Gas within Food & Beverage Sector: Future Market Insights") of used car buying could look like.”

Vincent Reboul, [Managing Director](https://www.financedigest.com/tmwi-appoints-matt-franceschi-as-deputy-managing-director-to-help-spearhead-the-integrated-media-agencys-ongoing-growth.html "tmwi appoints Matt Franceschi as Deputy Managing Director to help spearhead the integrated media agency’s ongoing growth") at Hitachi Capital Consumer Finance, added: “It comes as no surprise that we value our free time, and therefore convenience, in our busy lives. We’re already seeing businesses across a wealth of sectors adapt to make their end-to-end purchases processes so much quicker and easier for their customers; and those that are striving to [move with the times](https://www.financedigest.com/move-over-tina-its-time-for-tara.html "Move over TINA, it’s time for TARA") and appeal to their customers’ time-restraints, are so often reaping the rewards.

“It is therefore very logical that car buying advances in this way too. The instant finance service from Hitachi Capital Consumer Finance offered alongside eCars247’s product range, convenient services, and competitive [pricing really does make this a very tempting proposition for potential used car](https://www.financedigest.com/upset-by-high-prices-gms-cruise-develops-its-own-chips-for-self-driving-cars.html "Upset by high prices, GM’s Cruise develops its own chips for self-driving cars") owners.”

For more information, please visit: [https://www.ecars247.com/finance](https://www.ecars247.com/finance)


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