Durham Car Finance

Used Car Finance in Durham, County Durham

GB Car Finance specialises in used car finance in and around Durham. We will work hard to help you obtain an approval decision, based on affordability, in minutes and drive away your new used car within 24 hours!

Car Finance Based On Affordability

If you need a loan to buy a used car then you have come to the right place - We could help to find car finance for you regardless of your current financial circumstances. We regularly help people with bad credit, even if they have been refused elsewhere. Simply complete the form opposite to apply.

Apply Now

Car Finance Durham

We are available to help people access car finance 247, 365 days a year - Whether you need an affordable family saloon, an economical hatchback, a large car or a people carrier we will work hard to help you find the right car for you. Apply online day or night, or speak with one of our friendly operators who will help guide you through the car finance application process and answer any questions you have.

“I was happy with the deal I got for my new car as I've struggled in the past to get the finance from any other company as I've had bad credit. They were very helpful on the phone and helped me choose my car - I was more than happy and would recommend GB Car Finance to anyone…”

Read More Car Finance Reviews

All circumstances considered - CCJs, defaults, arrears, self employed, benefits, limited or no credit history, refused car finance elsewhere - Whatever your circumstances we'll look to help.

Used Car Finance in County Durham

As well as Durham, GB Car Finance is pleased to assist people searching for car finance in Barnard Castle, Bishop Auckland, Chester le Street, Consett, Crook, Darlington, Ferryhill, Newton Aycliffe, Peterlee, Seaham, Shildon, Spennymoor and Stanley in County Durham.

More information about Durham

Introduction

Durham is a city situated in the north-east of England, on the River Wear. It is the county town of County Durham, renowned for its history as a centre of finance and Industry as well as car production, motorsport, and leisure activities. Historic attractions, scenic walks, and ancient monuments are all points of interest in the city which dates back centuries.

Durham's deep association with the car industry, finance industry and motorsport has had a significant impact on the local and regional economy. Durham is a centre for manufacturing, with close ties to the Honda plant in nearby Swindon. Meanwhile, many financial institutions such as Santander and Nationwide have located their bases in the city.

Historically, Durham has a wealth of car manufacturing expertise, with Sunderland having once been a centre for car production. Today, many of the key players in the car industry are based in and around Durham, with the area continuing to provide a hub for motor related jobs.

This article will look at the history of car manufacturing in Durham, the importance of the finance and motorsport industries, and the current demographic and socio-economic situation of the city.

A History of Car Manufacturing in Durham

Durham has long been a centre for car manufacturing in the UK. As early as the 1920s, companies such as Armstrong Siddeley were producing cars in the city, before production increased during WW2.

In the 1960s, Durham was the site of the largest car plant in Europe - Washington Motor Company, based in Sunderland. A string of companies based in the city, including Nissan and Toyota, have since located their manufacturing units in the region since then, cementing Durham's place as a major centre for car production.

Today, Honda is one of the city's largest employers, with their Swindon plant employing in excess of 4,000 people, working alongside local firms in the supply chain.

The Impact of the Finance Industry

Durham is a major centre for finance, with many banks and financial institutions based in the city. Many businesses are attracted to the city for its lower taxes and business rates, as well as its good transport connections and proximity to London.

Furthermore, Durham is also host to a number of regional insurance and business advisory firms, such as First Direct Insurance Solutions, which is based in the city centre. Durham's business and finance community is fuelled by the University of Durham's Business School, which offers a range of courses and services to entrepreneurs, start-ups, and corporate business.

Motorsport in Durham

Durham has long been associated with motorsport, with the iconic Croft Circuit located just outside the city. After opening its doors in 1927, the circuit has hosted numerous motorsport events such as the British Touring Car Championship (BTCC).

The circuit was the site of several major races, helping to reinforce Durham's reputation as a major centre for motorsport and car racing. During its peak, the circuit attracted upwards of 20,000 spectators, cementing its place as one of the most popular tracks of its time.

The City Today

According to recent estimates, the population of Durham stands at around 48,000, a 4.1% increase since 2011, making it the 22nd largest urban area in England.

The city is highly diverse, with roughly 42.5% of its population being British, while 23.3% are from Asian backgrounds. Durham is also home to some of the most affluent neighbourhoods in the region, with Shildon being listed as one of the best places to live in the United Kingdom as of 2020.

The city's unemployment rate is considerably lower than the national rate at 4.5%, making Durham's economy one of the strongest in the area, with a median gross weekly salary of £450.

Conclusion

Durham is a city steeped in history and culture, with strong links to the car industry, finance industry, and motorsport. The city is home to many large companies and financial institutions, as well as some of the most diverse and affluent neighbourhoods in the region.