A better way to get a car loan with Carfinance+.

Need car finance? Here's how Carfinance+ can help you with car loans. Compare car loans to make sure you get a better deal to help you afford your monthly repayments.

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Get your car from any dealer

You can buy any car from any reputable dealer across the UK. Check your eligibility and get a free car loan quote now.

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No impact to your credit

Applying for a car loan will not affect your credit score as we use soft credit search to get your car finance deal quote.

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No paperwork & no deposit

No paperwork is needed. Apply and complete online. We can offer car loan deals where you don’t have to put a deposit.

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Our best rate is 6.9% APR

We provide low interest car finance from UK’s top lender. No fees. No deposit required. See if you are eligible.

How much can I afford to pay?

Our car finance calculator is an ideal tool to work out what your monthly repayments will be.

Good credit
Bad credit
Amount to borrow:
£
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

We compare car finance quotes from all the leading providers

We partner with the UK’s trusted car finance lenders, so that you get the most suitable car loan quotes from across a huge choice of deals.

Secure car finance with bad credit

Having a bad credit score can make it seem like you can’t secure car finance, whether that’s because you’ve struggled with debts in the past or if you’ve missed payments for existing loans. However, this isn’t the cast. At Carfinance+, our team are experts in getting finance plans for our clients, regardless of their credit history.

We offer car finance for customers with a variety of credit histories, including bad credit. So, whether you’ve had CCJs, late payments, or mortgage arrears, it doesn’t mean you can’t get the car of your dreams. Lenders will typically deny a loan to you if you have any of these issues, as it’s seen to be high risk. However, we think this is unfair and that past financial circumstances shouldn’t prevent you from buying a car today. We’re proud to have been able to help hundreds of people afford a car, despite having a bad credit score and a less-than-ideal financial background.

Our easy-to-use car finance calculator gives you an idea of how much a loan secured through us will cost before you even apply. Once you’ve signed up for a loan using our simple application form, we can pass your information on to our expert lenders, receiving an offer the same day.

People we help

There are a number of reasons why your credit rating may be considered to be bad and we aim to help everyone, including:

Those with CCJs

County Court Judgement (CCJ) is a legal decision from the County Court against a person for failing to repay loans on time. This can, obviously, make it difficult to secure a loan from most providers. However, here at Carfinance+, we specialise in helping people who are in this very situation. All you need to do is provide us with proof of income for us to present to our lenders to help you with a car loan. In most cases, having a guarantor can strengthen your case. Find out more about CCJ car finance i n our guide.

Those who are self-employed

Being self-employed can make securing any kind of loan more difficult as there is often uncertainty surrounding your income, whether you work part-time or on a freelance basis. However, we don’t think self-employment should prevent you from buying a car on finance, and we help our customers who are in this situation. All we need is bank statements from the past three months as proof of your income and we can match you to a lender who will be able to help. Find out more in our guide to self-employed car finance.

Those who are unemployed

Having a lack of income does make it more difficult to secure car finance, but it isn’t impossible. As long as you can prove that you’ll keep up with the repayments, we can help you get a loan for your dream car. Apply online today and our experts will get in touch to discuss your eligibility and talk about the next steps.

Those who have declared bankruptcy

Declaring bankruptcy naturally limits your financing options, so while we make it our mission to help, we cannot give any guarantees. If you’ve been discharged from your bankruptcy, our lenders are likely to help you secure the car finance you need. Our expert team can also offer advice about how to improve your credit score in order to get finance. You can apply online now to get started.

We compare car finance quotes from all the leading providers

At Carfinance+, we work closely with the UK’s trusted lenders for car finance, ensuring you get the best deal available for your needs.

Reasons for having bad credit

You’ve had trouble repaying loans

If you’ve ever had a problem repaying loans, this will show up on your credit score. Lenders see this as evidence of poor money management, and it makes sense that if you have previously had trouble making repayments, you’re considered a higher risk profile to lenders.

You’ve never taken out a loan

Not having a credit history can actually lead to a poor credit profile. There is no way to prove that you’re trustworthy when it comes to paying back your loans, as you’ve never had to do so, so lenders will see this as a potential risk. A credit profile is built on evidence of good money management, so not having a history is seen as a hindrance.

You have a history of moving around

If you move house often, hop between jobs frequently, or aren’t on the electoral register, you’re seen by lenders to be a risk, giving you a bad credit rating. Having several credit searches within a short space of time also contributes to a bad credit score, so you want to limit your credit checks. While some of these factors are out of your control, we advise doing everything you can to show that you’re stable, which improves your chances of being accepted for car finance.

Check your eligibility

What information is on a credit profile?

Your credit profile gives lenders an overall idea of who you are, along with your credit score. This includes information on your addresses, employers, credit cards, mortgage and auto loans, filed bankruptcies and civil judgements, as well we previous credit inquiries. Your credit profile also records how many times you’ve applied and been rejected for loans in the past, which negatively affects your score.

Third parties must have up-to-date information on you. If any information used in the assessment is outdated, you could unfairly have a low credit score. Having updated information could be the difference between being accepted and rejected for car finance.

It is important to remember that credit scores do not work on a universal scale. The score you’re assigned is dependent on the agency used to perform your credit check. Most lenders use either Experian or Equifax. A credit score of 500 with Experian is classed as “Very Poor”, whereas a score of 500 with Equifax is classed as “Excellent”. You should always refer to the provider’s scale when assessing the value of your credit score.

What happens once I’ve signed up?

Once you’ve completed our online application form, you’ll be contacted by one of our car finance experts to discuss your tailored loan plan. Then, you just need to let us know what model car you’re hoping to buy from any one of our trusted UK dealers and we’ll take care of the rest. Once we’ve finalised the paperwork, and you’ve signed it, you can go and collect your new car and drive home from the dealership.

Car finance options

The most common car finance options agreement are hire purchase (HP), personal contract purchase (PCP), lease purchase or personal loan.

Hire purchase (HP)

Hire purchase (HP) is a way to pay for a car loan in equal monthly instalments over a set period of time, between 18 and 60 months. There are no deposit deals available although paying a small deposit will lower your monthly payments.

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Personal contract purchase (PCP)

With Personal Contract Purchase you will pay initial deposit, usually 10%. The monthly repayments are typically lowers because you are paying off the value of the depreciation of the vehicle, not the full value of the car.

Learn more

Personal loans

Personal loan or unsecured loan car finance is where you borrow a sum of money from a lender or a bank, and agree to pay it back over in fixed monthly repayments. This means you own the car outright as its not secured to the credit agreement.

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Car finance with a guarantor

This is a car loan where a friend or family member agrees to guarantee the repayment of the loan in the case of you failing to meet the payments. The initial loan is paid by the lender to the guarantor and they release it to you.

Learn more

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