We are specialists at sourcing finance for poor credit ratings

We work closely with trusted lenders to provide bespoke car finance deals you can compare - without affecting credit score.

Decide your budget

We understand that being a student isn’t always easy on your finances. Use our car finance calculator tool to see how much you can borrow to finance a car, alongside our simple repayment plans.

Apply for finance

Once you’ve chosen your finance plan, you’ll be assigned a dedicated account manager to work through the whole borrowing process with you.

Choose your car

After choosing your car from one of our approved dealers, our account managers will complete all of the required checks to secure your dream vehicle, as well as a great finance plan.

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.

Applying for student car finance

Can I get student car finance with bad credit?

One major reason why students struggle to get car finance is that they are unlikely to have a credit history, which can also potentially come with a low credit score. Lenders typically need to see evidence of meeting loan repayments, and a history of good money management, to offer finance, but since many students have never taken out credit in the past, there is no such evidence one way or the other.

However, there are certain ways that you could still secure car finance as a UK student. One is to find a guarantor, who will pay your monthly loan repayments in the event that you cannot, acting as insurance to a lender. As a result, they will be more confident in you as a borrower, and more likely to offer you a loan, perhaps even with a better interest rate. Your guarantor will need to be someone you trust, in a good financial position and be able prove it. Ideally, they will be in full-time employment, and have an excellent credit score. Visit our guarantor car finance page for more information.

Do I need to be employed to secure finance?

Aside from giving you more disposable income with which to repay your loan, having a job, even on a part-time basis, will boost your chances of securing car finance as a student. It demonstrates responsibility, and gives you more evidence of your financial situation. The more proof you can provide, the better — lenders want to make the most informed decisions possible when deciding who to lend to.

Is there anything else can I do to obtain student car finance?

We know we’ve spoken about how little money students typically have, but hear us out. Saving up for a deposit is a long-term approach that will prove you can be financially responsible and reduce the amount you’ll need to borrow. It also shows that you’re taking your car finance seriously and aren’t simply taking out a loan on a whim. Although this means that you won’t be able to secure a loan immediately, it will greatly increase your chances of being accepted in the near future. If you are really serious about buying a car with credit, it could be worth the wait.

How CarFinancePlus.com can help

Here at CarFinancePlus.com, we specialise in helping people in difficult financial situations to secure car finance — including students. Our panel of lenders offers you the best chance of being accepted for a car loan. When assessing your application, we perform a ‘soft search’ of your credit history that will assess the likelihood of your application being accepted. Unlike a full credit check, this will not harm your credit score, or hamper your chances of securing finance in the future. It simply gives us a more accurate account of your viability as a borrower so that we can advise you on the best course of action.

We believe that students should be able to buy a car while they’re still in the process of getting their full driver’s licence, which is why our lenders will consider those with a provisional licence.

While we can never guarantee that anybody will be accepted for a loan, following the steps above will give you the best chances of securing car finance as a student. If you have any questions, or would like more advice on improving your potential with lenders, get in touch with us today.

Student 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.

Learn more about HP

Personal contract purchase (PCP)

With a Personal Contract Purchase, you will pay an initial deposit, usually of 10%. Typically, your monthly repayments will then be lower because you are paying off the value of the depreciation of the vehicle, rather than the full value of the car.

Learn more about PCP

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 it’s not secured to the credit agreement.

Learn more about Personal Loans

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, who will release it to you.

Learn more guarantor finance

Customer reviews

Emile was amazing! Was a pleasure speaking to him on the phone! He got me the best deal and helped me right up to the end, even gave excellent customer service after the purchase had gone through.

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Vehicles we finance

About us

We are the motor finance people

Since 2015 we’ve specialised in motor finance. We’re a family-run company committed to putting our customers first.

Learn more about our company