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.

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Improve your credit score

If you’re aware that you have a poor credit history (also known as a poor credit score), then don’t despair.

Very large numbers of people are in the same position.

The effects of a poor credit score

Broadly speaking, if you have a poor credit score, then the immediate effects are likely to be:

  • you might find it more difficult to secure loans such as poor credit car finance and will perhaps need more assistance to do so (CarFinance Plus typically can assist here);
  • you may need to accept the reality that borrowing will cost you more in terms of the interest rates payable.

The logic here is simply that potential lenders may see you as a higher risk for something such as a car loan, than people with a stronger credit score who might be eligible for products such as good credit car finance.

Improving your credit score

If you have a poor credit score, the good news is that there are some things you can do to improve things. However, there are two key messages to begin with:

  • improving your credit score is almost always a process that needs to be conducted over time — typically months or even some years. Patience and perseverance may be required As a result, beware of companies advertising instant credit score repair activities in return for a fee;
  • making lots of car finance applications to multiple potential lenders in the hope you’ll find one who responds positively, will very possibly further damage your credit score as this smacks of financial desperation.

Here are a few very real things you should consider doing though — and they might help you improve your credit standing:

  • get your current credit history score from any one of the main agencies. You have a legal right to view this for a very modest (currently £2-£3) fee. This is an essential starting point;
  • check your records for any what are called “indicative” errors. That usually includes things such as mistakes in your name or address, date of birth and so on. Sometimes that can cause incorrect associations between you and a third party;
  • make sure you’re on the local electoral register. The credit agencies use that as one factor to confirm you are who you say you are;
  • look for links between your records and those of another party. Remember if you’re sharing a loan with a spouse, family member or business partner, that if their credit history deteriorates it might affect yours too;
  • look for fraudulent activities associated with your details (e.g. identity theft type credit card applications) or plain errors whereby something that has nothing to do with you has accidentally been posted on your file. If you discover any such cases, report them to the credit agency immediately;
  • if possible, try to keep to a single address for a period of time. Credit scoring agencies become uneasy where multiple addresses over a short period of time are involved;
  • make a special effort to pay your bills on time — notably credit card and other loan repayments.

Above all, don’t presume that your poor score is attributable to errors or misunderstandings. Such things are moderately unusual though worth checking. In practice, only by changing your behaviours will you drive an improvement in that credit score.


Don’t forget — whatever your credit score, we at CarFinance Plus might be able to help you to secure that poor credit score car loan.

Why not call us for a further discussion?

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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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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.

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