FAQs
If your credit rating is good, poor or bad, these are some of the most common questions we are asked. If you don’t see the answer you need here, please give us a ring, we’ll be only too pleased to help!
>Can I buy any car on finance even though I have bad credit?
All applications are subject to the suitable completion of affordability and income and expenditure check and Terms and Conditions apply. Almost, the only condition is that you buy your car from a reputable dealer and that the car is worth the price you are paying.
>Is my car finance application and bad credit information kept confidential?
Yes. We will not pass on your details to any other company or organisation (other than other finance companies in connection with your application for car finance). The only exception to this is when we search your record at credit reference agencies. They will add to your record details of our search and this will be seen by other organisations that make searches.
>I’ve been turned down elsewhere, is it still worth applying?
Yes! We have an extensive range of lenders that may be able to help you. You should ensure that any loan repayments would be affordable. We would need to complete a new credit search and this may make it harder or make credit more expensive in the future.
>I’m self-employed. Is car finance available?
Yes, you can! You should only apply if you genuinely feel that the loan will be affordable to you. All finance is subject to status and the passing of creditworthiness and affordability checks. You must be over 18 and Uk resident to apply. Terms and Conditions apply. Please note that interest rates will vary depending on your individual circumstances.
>How long a period can I have finance for and how old must the car be?
You can have finance from between 12 months to 60 months, depending on the age of the vehicle. Generally, the car you buy must be no more than 10 years old.
>What interest rates will I pay on my car finance?
Your interest rate is dependent on your circumstances; whether the car you want is new or used, the amount of your deposit, your credit history and the term of the finance.
>What types of car finance are available to me?
Depending on your circumstances and credit history we may suggest one of the following different types of finance: Hire Purchase Hire purchase agreements are agreements whereby an owner of goods (“lender”) allows a person, the hirer, to hire goods from him for a period of time by paying installments. The hirer has an option to … Continued
>Can I get car finance with bad credit?
Why not make an application now and find out? It’s free of charge, without obligation and only takes a few minutes to work through. Car Loan 2 Day source car finance for people with bad credit. As an independent finance broker with access to a wide selection of bad credit car finance lenders we can … Continued
>Is Car Finance with Bad Credit and No Deposit Available?
The short answer is… Yes! Buying a car with bad credit and no deposit may mean that your interest rate is higher which results in a much higher cost when its spread over several years.Even putting down a small deposit could increase the number of lenders available and may help to reduce your monthly financial … Continued
>Is Guaranteed Car Finance with No Credit Checks available?
In Short… No! Unfortunately we are unable to provide any guarantees that you will be accepted for car finance. The decision is not ours to make and is based your desired vehicle’s condition, age, your ability to make payments, credit rating, age and nationality. What About No Credit Checks? We are able to manually review … Continued
>Is no credit check car finance available?
We are able to provide some assistance to individuals looking for a car finance without the need for any credit checks however this falls short of actually organising the car finance. With no credit check you can speak to our finance team and discuss your situation at length. Our advisers will be able to help … Continued
>Is an Instant Decision on Car Finance with Bad Credit available?
It depends on what you consider to be instant. Our car finance application process takes around 20 minutes and unlike automated systems which may promise instant results and add in further checks and criteria later in the application process, our finance offer genuine and available to you today. To get your ‘instant’ decision on car … Continued
