Refused car finance

Why have I been declined car finance?
Every car finance company has its own lending criteria, which you must meet to be able to get accepted for a car loan. If you have bad credit or you have been refused car finance elsewhere, the great news is that we can still help you to find a low rate car finance deal. No car loan is guaranteed, since it depends on your personal circumstances – such as your credit score, income, employment and the car loan amount you are looking for.

Many companies fail their client many not having enough connections with reputable and specialist lenders, which limits what they can offer to customers and restricts the criteria. That’s where CarFinance Plus is different.

Why have I been declined?
It could have been anything from your credit score being to low, to not being able to prove your monthly income. Perhaps your address history couldn’t be verified or it could simply be that the amount you’re trying to borrow was considered too high compared to your income and expenditure. More and more people are checking their credit file now and it’s never a bad idea to look at the information held on you. You may even spot a few mistakes you can correct.

Better car loan deals
We know that every one of our customers are different, which means their needs are different too. We’ve worked very hard to build our expert panel of lenders, giving us more choice and flexibility than ever. With so many packages to choose from, it’s easier than ever to find car finance that’s tailored to you and your particular circumstance.

We match you with car finance loans that suit your budget and your taste and we’ll even offer advice on ways you can improve your chances of being approved.

Will applying for car finance damage my existing credit score?
Absolutely not. We perform soft searches rather than hard searches initially, which don’t affect your credit score or file in any way. Not all companies do soft searches initially, opting to perform hard searches instead, but we know that these searches can have an impact that can be avoided.

Too many hard searches can reduce your ability to borrow credit in the future. You can’t always help your previous financial difficulties and we’d rather provide a second chance for our customers, which allows them to build their credit score through monthly repayments and once your credit score increases, you’ll be able to borrow bigger amounts.

More about our finance

  • We finance customers with good or bad credit.
  • We finance used cars online and we have cheap car loan offers for customers with poor credit rating.
  • No deposit car loan deals available.
  • Are you looking for car loan bad credit no deposit deals? We have 0% deposit car loan deals for customers with all types of credit ratings.
  • In the last 12 months we approved 90% of applications.
  • We have car finance guaranteed acceptance no deposit offers.

At CarFinance Plus, we help with financing a car, van or a motorbike. Simply apply today for a no obligation loan quote.

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 for car loans

We do not take applications over the phone. UK residents only. Calls may be monitored or recorded.

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
Get my personalised quote