Fair credit car finance

Yes it's possible to get a car loan with a fair credit score

The idea of getting a car finance deal can be a daunting prospect if you don’t have a perfect credit score but at CarFinance Plus we seek to help everyone purchase a new car. It’s important to note that everyone is applying from a different circumstance and financial situation. There is no ‘one size fits all’ so we allow anyone to see if they’re eligible to get a car loan. Even with a fair credit score, we’re confident that we’ll be able to find the right finance option for you.

We work differently to other car finance company. Our team of experts are friendly and we understand that everybody’s credit rating is different. We search for the most suitable deal from our panel of lenders to suit your income and budget. We also offer help and advice on how to repair your credit rating. Simply choose a vehicle from any dealer, agree your monthly payments, sign the paperwork and collect your car – this all can be completed the same day.

We work differently to other car finance company. Our team of experts are friendly and we understand that everybody’s credit rating is different. We search for the most suitable deal from our panel of lenders to suit your income and budget. We also offer help and advice on how to repair your credit rating. Simply choose a vehicle from any dealer, agree your monthly payments, sign the paperwork and collect your car – this all can be completed the same day.

So What Does It Actually Mean If You Have A Fair Credit Score?

There are many reasons why someone is classified as having a fair credit status. While it may be the result of a CCJ (County Court Judgement) or defaults from several years ago, it may just simply be because you recently moved home or you’ve secured a new job. You may, on the other hand, have high levels of debt compared to what you earn. Perhaps you’ve missed the odd repayment or you’ve exceeded your credit limit. While all of these situations affect your credit score it doesn’t mean your application will be rejected so it’s still worth applying for a loan today.

How Can You Improve Your Chances of Being Approved?

We just need to gather some information about you (e.g. your name, age, address and contact details) together with a statement of your monthly income, your budget, how much you are able to afford to repay back each month and over what period.
If you’re keen to improve your chances of being approved for car finance with fair credit then take a look at our suggestions below.

The most common approach is to save up money for the down payment on the car. While this is not going to be part of your car loan it will help to reduce the amount of money you have to repay. The down payment is typically calculated by the car dealership and it’s based on your credit score.

You can also check that the information on your credit record is up-to-date and fix any anomalies before you submit your application.

We work with a broad range of lenders so there are plenty of financing options available. Even if you have bad credit or don’t have the deposit we may still find the deal that’ll work for you. How is this possible? Well, our pool of lenders specialises in a particular area of lending.

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Apply to compare 100+ car loan offers from UK’s top lenders and we will find the best car finance deal to suit your budget.

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+ Buy from any reputable dealership.
+ No deposit needed for your new car.
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Set your car loan budget

Representative example – excellent credit Borrowing 7500 over 4 years with a representative APR of 6.9% and a deposit of £0, the amount payable would be £177 per month, with a total cost of credit of £1,035 and a total amount payable of £8,535.

I would like to borrow
I will repay it over
  • Best available rate:6.9%
  • Total repayment 8,535
  • Total cost of credit 1,035
48 monthly payments of 177
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Get in touch, we’re here to help

Monday to Friday (9am to 6pm) and Saturday to Sunday (9am to 5pm).
Email: carfinance@carfinanceplus.com
Telephone: 0330 043 0033

*The car loans are applicable to UK residents only. We do not take applications over the phone. Calls may be monitored or recorded.