FAQs

Yes - We can certainly help! Helping get people into cars is what we do! From sorting the car finance itself through to helping you find a car ( should you need it) the friendly team at Carfinance4badcredit.com are here to do the heavy lifting, provide hints and tips and make the whole buying process a smooth one and as stress free as possible. Don't just take our word for it though - check out our 5 start Trustpilot ratings at the bottom of this page. There are 3 easy steps 1) Apply using our 90 second secure application and our soft search access to 16 lenders with no impact to your credit score 2) Find a car from a reputable dealer or let us help you find a car 3) Check over the no fee deal and sign electronically when you are ready so you can pick up your car or have it delivered to your door.

Yes - We help people with bad and ok credit every day and we have a really good chance of accessing car finance for you even if you have a less than great credit history. We only use soft search in the first instance to protect your credit score and we are fantastic at fining the best finance deals and if you need it, the car as well.

Most lenders only require a copy of your drivers license these days. In some rare cases they ask for pay slips or bank statements but this is not the norm. Best thing is to apply first using our 90 second application form here to see where you stand and what acceptance you get then go from there.

How Much Can I Borrow?

We understand that most people want to know how much they will be able to borrow when they apply for a loan. Carfinance4badcredit have a huge panel and the amount they will lend depends on a number of factors, including:

• Income - Most lenders need an income above £1,000 to consider lending
• Deposit amount (if applicable) - In most cases you won't need a deposit
• Length of contract - Normally a minimum 24 months - but you can pay it off early
• Employment History - A stable employment history is great but not essential
• The value of the vehicle - Most will only look at loans over £4,000
• Affordability - Lenders look at what they think you can afford based on your income

Lenders essentially look at your credit history, the price of the car and how affordable they think it is for you plus how the repayment period is structured. While some won't be approved; many, many applicants get car finance where they did not think they would and even more get a better APR deal than they thought possible.

Length of Contract: Increasing the lenght of the contract repayment period to say 60 months means that the monthly payment will reduce but it also means that you are paying interest for a longer period. Carfinance4badcredit are here to share the options with you and at the end of the day we offer informed choice so you can decide what is best for you.

It's our job to help! Whether you have a BAD, POOR, GOOD, FAIR or EXCELLENT credit rating we are here to help match the most suitable finance deal to you. We work with a panel of trusted lenders who offer credit for all types of credit ratings who want to finance a car for you. Finance is subject to status and an approval can't be guaranteed, however all circumstances can be considered. Find out more here.

Hire Purchase, also known as "HP" is the most frequent form of finance used in the UK to finance a Car for personal use. When you enter into a Hire Purchase agreement you commit to paying a certain monthly amount per month over a set period (normally between 3 and 5 years.) With HP, once you have made all the payments, the car is yours outright. There are no mileage restrictions with HP car finance and there is no lump sum payment to pay at the end of the term.

This very much depends on your own credit rating and which lenders are happy to lend. Carfinance4badcredit.com provides car finance from 9.9% APR though if you have less than great credit the rate does rise of course. You can get a quick feel for how much you will pay on a month basis for car finance here.

Over 90% of our customers do not need to pay a deposit when purchasing a car on finance. The need to pay a deposit is related to the car being purchased. If a certain car is in demand and the asking price is greater than the book price (the estimated value of the car) then the lender typically will finance a car up to its market value and you thyen need to pay the difference in the form of a deposit. Of course, some of our customers choose to pay in a deposit in order to reduce the monthly payment amount as well.

You can get a car from any reputable dealer and the measure our Lenders use is if the dealer is Authorised by the FCA or an AR (Authorised Representative) of a company which is Authorised by the FCA. You can find more information on the different types of motor dealer car finance accreditation here.

Just because you have been refused car finance of declined elsewhere does not mean you won't get car finance- far from it! CarFinance4BadCredit.Com have 16 lenders - most of which operate in the poor credit and underserved car finance space so we are set up to get you finance. We cannot guarantee car finance but we can assure you that we will do everything we car to get you car finance- its what we do!

No. They way it works, when you apply we only use soft search (sometimes known as smart search) to look to get an approval for you from a trusted panel of lenders. If you are approved and decide to go ahead, then the soft search for the successful lender turns into a hard search - for that lender only. You can find out more information on soft search and how it works here.

If you have very little credit history, sometimes known as a "thin credit file" then your application may benefit from the support of a joint application from a relative that lives at the same address - you can find out more about Joint and Guarantor car finance on this page

Can I still get finance if I am in an IVA?

Yes. When you apply using soft search the lenders will flag that you are in an IVA. Provided you are accepted in principle we ask you to get a letter from your IVA practitioner confirming that they agree to you getting car finance. We supply the draft letter and work with you to get a quote and the monthly payment details for the practitioner to consider. Most practitioners will agree to a car purchase provided it is justified and affordable. We have a detailed blog on IVA and CCJ and how you can still get finance here.

Yes. We have lenders that do not have an issue with a CCJ or 2 on your credit file. Whether they accept the CCJ and still grant credit depends on the nature of the CCJ, the amount, when it occured and how many CCJ's you have on your file. CCJ's normally stay on your file for up to 6 years but there are ways to get a CCJ removed and you can get more information on our specific CCJ and IVA blog which you can find here.

No. We do not charge our customers fees.

Provided you are over 18 and earn over £1,000 per month you can apply. Our lenders cover the whole market so you can be sure that carfinance4badcredit.com are in a good position to get you finance whether you are employed or self-employed. We can even access finance for people who have part of their income from benefit payments and you can find more information here

In nearly 90% of cases, a deposit is not needed and you can find more information here

The process is really simple and you can find our more here but the easy steps are:

• Step 1: Apply - Use our simple soft search application form. It only takes less than 90 seconds to complete.
• Step 2: Get Approved - We have a huge panel and get you the best rate with the lowest monthly payment.
• Step 3: Choose a Car - Just send us a link with the car or ask our team to find you one with our free service.
• Step 4: A simple electronic signing process and a car on your drive plus a smile on your face in no time!

Joint car finance is an arrangement where you jointly apply for and then hopefully receive approval to share the cost of acquiring a car on finance. It is typically used where partners want to share the responsibility for payments or where one partner does not have sufficient affordability to get the car they want. By applying together the applicants increase their chances of approval. Guarantor finance is where someone stands surety for the loan - which means that they are responsible for paying the loan if the principle customer defaults on a loan.

Apply in your own name and and then ring us please. The key reason to call us up front is to ensure that we are able to access the best rates from lenders. Joint applications take into account both joint applicant's credit history so we need a bit more information than with a single person application. For Guarantor finance we need to ensure that both parties are fully aware they are applying. We still only use soft search up front so applying for joint finance does not hurt either parties credit score.

Having both does not mean you can't get a new car. Most lenders understand that if you are in an IVA you will have picked up a CCJ or even a few CCJs. The process is simple. Apply - Get Approved in Principle - Your IVA Practitioner will probably need a quote in writing for the monthly payment - we organise this for you and the IVA Practitioner completes a brief letter agreeing to the loan - we do the rest!

When you are approved, you will normally get a rate ( the best we can offer) and a maximum lend. You can then go and find a car you like yourself or if you need help than your friendly account manager will help find you one- We have no customer fees so you are in good hands and the service is free!

Please use our Car Finance Calculator which you can find below. You can apply here to get an exact rate using our soft search service or you can also use our handy car finance calculator below to get a feel for what it could cost

When you are approved, you will normally get a rate (the best rate we can offer) and a maximum lend. You can then go and find a car you like yourself from an FCA registered van dealer or if you need help then your friendly and dedicated account manager will help find you one from the thousands we have on tap - We have no customer fees so you are in good hands and the service is completely free!

This depends on which lenders will give you credit. Some lenders (in the near prime space) will finance the VAT but most will not so it depends on your credit rating.

The car can be up to 12 years old at the time of finance depending on the lender where the oldest one of our lenders go to is 15 years which would be 12 years at time of finance with a 3 year finance agreement.

Most lenders will look at a car that has up to 100k miles on the clock but a few will go up to 125k miles at time of finance