Getting refused car finance can feel frustrating especially when you really need a vehicle.
But don’t panic!
A refusal doesn’t mean you’re out of options. Let’s break down why it might have happened and what you can do to turn things around.
Understand Why You Were Refused
Lenders don’t always tell you exactly why they said no. But it’s usually due to one of these reasons:
Poor credit history
Low or unstable income
Too many recent applications
Not registered on the electoral roll
Errors in your application
Start by checking your credit report with Experian, Equifax, or TransUnion. Look out for anything that doesn’t look right. This could be like old addresses, missed payments, or accounts that aren’t yours.
Avoid Reapplying Straight Away
It’s tempting to try another lender right away, but don’t. Too many applications in a short space of time can hurt your credit score even more.
Instead, take a pause and figure out what went wrong.
Clean Up Your Credit File
If your credit score is low, don’t worry. There are ways to improve it:
Make sure all your bills are paid on time
Register to vote at your current address
Reduce any existing debt if you can
Avoid using more than 50% of your credit limits
These changes won’t fix things overnight, but even a few months of good habits can make a big difference.
Consider a Specialist Lender
Mainstream lenders might say no, but that doesn’t mean everyone will. Some lenders specialise in helping people with poor credit, low income, or unique situations like self-employment or benefits.
At Motorly, we work with a panel of trusted lenders including options for people who’ve been refused elsewhere.
Use a Soft Search Before Applying
Soft searches let you check your eligibility without hurting your credit score.
We use a soft search to match you with lenders before anything goes on your credit file. That way, you only apply when you’re confident you’ve got a good chance of being approved.
Final Thought
Being refused car finance isn’t the end of the road. With the right support and a few simple steps, you can get back on track and into your next car.
If you’re currently receiving Universal Credit or other government benefits, you might be wondering: can I still get car finance? It’s a common concern. The answer is yes, it is possible.
While receiving benefits can affect your application, many lenders today are more focused on affordability and reliability of income rather than just whether you’re in full-time employment. In this guide, we’ll explain how car finance works if you’re on benefits, what lenders are looking for, and how to give yourself the best chance of approval.
Is It Possible to Get Car Finance While on Benefits?
Yes, but it depends on the lender and your personal circumstances.
Some mainstream lenders may have stricter rules, but specialist lenders are more flexible. These companies often work with people who are self-employed, on part-time income, or receiving support such as:
Universal Credit
Personal Independence Payment (PIP)
Employment and Support Allowance (ESA)
Disability Living Allowance (DLA)
Pension or Carer’s Allowance
The key question is whether you can afford the repayments.
What Car Finance Companies Look For
When assessing your application, lenders will consider:
Total income: including benefits, pensions, or part-time wages
Regularity of payments: consistent income is more important than the source
Credit history: including any missed payments, defaults, or CCJs
Monthly outgoings: your spending vs income balance
Address stability: how often you’ve moved in recent years
Existing debt: high debt levels can be a red flag
It’s important to be honest when applying. Lenders will do their checks, and transparency helps ensure you’re matched to suitable options.
How to Improve Your Chances
Even if you’re not in traditional employment, there are a few ways to boost your chances of being accepted:
Save for a small deposit: this shows commitment and reduces the lender’s risk
Use a guarantor: someone with stronger credit who agrees to back your loan
Check your credit report: and correct any mistakes before applying
Avoid recent payday loans: as these can negatively impact your application
Choose a realistic car: lower value cars with lower repayments are more likely to be approved
Be cautious with “no credit check” or “instant approval” offers. These can come with extremely high interest rates and hidden fees. Always read the small print.
Frequently Asked Questions
Will applying affect my credit score? Not at first. Using a site like Motorly to check your eligibility only performs a soft search – this doesn’t affect your credit score. A full application might involve a hard search, but you’ll be notified beforehand.
Can I apply if I’ve been declined elsewhere? Yes. Many people come to Motorly after being turned down by mainstream lenders. We work with a panel of finance providers, some of whom specialise in helping people with less conventional circumstances.
Being on Universal Credit or other benefits doesn’t mean car finance is out of reach. Lenders are increasingly looking at your whole financial picture, not just your job title. If you have stable income and manageable outgoings, there’s a good chance you’ll find a lender who can help.
At Motorly, we make the process easy by matching you with trusted finance providers who understand real-world circumstances. There’s no upfront cost to check, and no obligation to proceed if it’s not right for you.
If you’re applying for car finance, you may be tempted to make several applications to increase your chances of approval. But did you know this approach could harm your credit score and reduce your chances of success?
In this guide, you’ll learn:
How multiple car finance applications affect your credit.
How many applications are considered safe.
Smart ways to apply without damaging your credit.
Why Multiple Car Finance Applications Can Hurt Your Credit Score
Every time you apply for car finance, the lender usually performs what’s called a hard credit check. This kind of check stays visible on your credit report.
Why does this matter?
When lenders see multiple hard credit checks within a short period, they get cautious. It suggests you’re desperate for credit, which lenders interpret as a sign of financial difficulty.
Each hard check slightly reduces your credit score. Too many in quick succession can significantly lower it, making future approvals harder and potentially more expensive due to higher interest rates.
How Many Applications Is Too Many?
Generally, applying for car finance more than two or three times within a short period (around three to six months) can negatively impact your credit score.
A good rule to follow:
1–2 applications within six months is typically acceptable.
3 or more applications in a few months raises a red flag to lenders and can reduce your chances.
Every rejected application is recorded and visible to future lenders. That’s why applying carefully matters.
Smart Ways to Apply for Car Finance Without Hurting Your Credit
Here’s how to approach your car finance application strategically and safely:
Use Eligibility Checkers (Soft Credit Checks)
Always use a car finance eligibility checker first. These tools run a soft credit check, which won’t impact your credit score at all. Eligibility checkers give you an indication of your chances of approval before you formally apply.
This helps you:
See which lenders are likely to approve your application.
Avoid unnecessary credit damage from multiple applications.
Motorly provides a safe and quick eligibility checker.
If you’re rejected, avoid immediately applying elsewhere. Wait at least 2–3 months before making another application. During this waiting period:
Check your credit report for errors or issues.
Work on improving your financial situation.
Waiting allows your credit profile to recover slightly and demonstrates responsible behaviour to future lenders.
Choose the Right Lender
Different lenders have different criteria. Mainstream lenders might reject applicants with lower credit scores. But specialist lenders are often more flexible and can help even if you’ve been declined before.
Applying smartly means targeting lenders most likely to approve your specific credit profile.
What to Do If You’ve Already Made Multiple Applications
Already applied multiple times unsuccessfully? Don’t panic. Follow these clear steps to get back on track:
Stop applying temporarily: Give your credit score time to recover.
Check your credit report: Get free reports from Experian, Equifax, or TransUnion. Look for mistakes and dispute them if found.
Pay off or reduce existing debts: Even small debt reductions can boost your credit score.
Avoid new credit products: Don’t apply for credit cards or loans in the short term to give your credit profile time to stabilise.
Taking these steps can help your credit profile recover and improve your chances when you next apply.
How to Improve Your Chances Before Reapplying
Before applying again, take positive steps to improve your credit score:
Pay all your bills on time: Missed or late payments have a negative impact.
Lower your credit utilisation: Try to use less than 30% of your available credit.
Get on the electoral roll: Registering to vote helps lenders verify your identity, boosting your creditworthiness.
Correct errors promptly: Removing inaccurate information from your credit report can quickly improve your score.
Applying multiple times for car finance in a short period is risky. It can significantly lower your credit score and reduce your chances of securing finance.
Instead, take a smarter approach:
Use soft-check eligibility tools to safely gauge your chances.
Space out applications and give your credit score recovery time.
Work proactively to improve your credit score between applications.
Consider specialist lenders who can offer finance suited to your financial profile.
By applying strategically, you’ll maximise your chances of approval, protect your credit score, and secure better finance deals.
Thinking about selling your car but still owe money on it? You’re not alone – and yes, it is possible. But there are some important rules to follow.
Here’s what you need to know
Can You Sell a Car With Outstanding Finance?
If you bought your car on finance, you don’t legally own it until the last payment is made. The finance company does. So you can’t just sell it without clearing the finance first.
Trying to sell a financed car without sorting the finance can land you in legal trouble. But if you follow the right steps, it’s completely doable.
How to Sell a Car on Finance (The Right Way)
1. Ask for a Settlement Figure
Contact your finance provider and ask for a settlement figure. This is the total amount you need to pay to clear your finance. It’s usually valid for 10 to 30 days.
2. Pay Off the Finance
You have two options:
Pay the settlement figure using your own money
Use the buyer’s payment to clear the finance directly
If you’re selling privately and using the buyer’s money to pay the finance, be upfront. It’s best to call the lender and pay it off while the buyer is there.
3. Get Written Confirmation
Once the finance is paid, ask your lender for a letter confirming the debt is settled. This shows the car is legally yours to sell.
4. Now You Can Sell
With the finance cleared and proof in hand, you’re free to sell the car—either privately or through a dealer.
Can You Trade in a Financed Car?
Yes. In fact, it’s often easier.
Dealerships handle this all the time. They’ll:
Contact your lender for the settlement figure
Pay off the finance as part of the trade-in
Use any leftover value as a deposit for your next car
If your car is worth less than what you owe, you’ll need to cover the difference or roll it into your new finance deal. Ask the dealer to explain your options clearly.
Risks of Selling a Financed Car Privately
Selling privately can sometimes get you a better price, but it comes with a few risks:
Buyers may be wary. Many won’t touch a car with outstanding finance.
You’re legally responsible. Selling a car you don’t own can cause serious problems.
The process is more complex. You need to handle finance settlement and the sale at the same time.
To stay safe, always settle the finance first.
What If You Can’t Afford the Settlement?
If you’re looking to sell because you’re struggling financially, don’t panic. You have options:
Speak to your lender. They might offer lower payments or extend your agreement.
Refinance. Another lender might give you better terms.
Trade down. Switch to a cheaper car and roll over the balance.
Just don’t ignore it or try to sell illegally. Being upfront leads to better outcomes.
Final thoughts – Selling a Financed Car
You can sell a financed car—just follow the steps:
Get your settlement figure
Pay off the finance
Get proof from your lender
Then sell or trade in your car
If you’re short on options, talk to your lender or look at refinancing.
Need help finding a better car finance deal? Motorly can help.
As your car finance agreement comes to an end, it’s normal to wonder what happens next. You might feel unsure whether you should keep your car, return it, or trade it in for a newer model.
Fortunately, you have several straightforward options. Knowing these can help you make an informed decision that matches your finances and personal circumstances.
In this guide, you’ll learn:
The main options available at the end of your finance agreement.
What to consider before choosing your next step.
Clear actions to take as your finance deal nears its end.
Understand Your Car Finance Agreement Type
The options available depend on your car finance type. Here’s a quick refresher:
Hire Purchase (HP) Once your final payment is made, you own the car outright. There’s no balloon payment, and your obligations end once the final monthly payment clears.
Personal Contract Purchase (PCP) At the end of PCP, you have three options:
Pay the final balloon payment to own the car.
Return the car and walk away.
Trade the car for a new finance deal.
Personal Loan If you used a personal loan, you own the car as soon as your final payment is complete. There’s no further payment or action required.
Understanding your finance type helps you clearly see which options are available.
Your Main Options at the End of Car Finance
Depending on your finance agreement, you’ll generally face three possible options:
Option 1: Keep the Car
Keeping your current car is straightforward if you’re happy with it.
With HP or Personal Loan: You own the car automatically after your final payment.
With PCP: You must pay a balloon payment to own the vehicle outright. Check this amount carefully, as it can be substantial.
Option 2: Return the Car
With PCP agreements, you can simply hand the car back to the dealer at the end of the contract.
To return the car:
You must have kept within the agreed mileage limits.
The vehicle needs to be in good condition, minus reasonable wear and tear.
You avoid the balloon payment entirely.
This option suits you if you no longer need the car, want to avoid a large final payment, or plan to switch to a different vehicle.
Option 3: Trade-in or Upgrade
If you’d prefer a newer or different vehicle, trading in your existing car is a convenient choice:
Your current car’s value (after finance) goes towards your next deal.
You can often arrange a new finance agreement simultaneously.
It can provide flexibility and an easy upgrade path.
This option is popular for drivers who regularly update their cars or whose needs have changed.
Things to Consider Before Making Your Decision
Choosing the right option depends on several practical factors. Consider:
Your car’s market value: If it’s higher than the balloon payment, keeping or selling your car privately could be beneficial.
Vehicle condition and mileage: If mileage is above the agreed limit or the car is damaged, returning it might incur additional charges.
Affordability of the final payment: Be honest about whether you can comfortably afford the balloon payment without financial stress.
Your future needs: Think carefully about whether the car still suits your lifestyle or if an upgrade or change is necessary.
Taking time to reflect ensures you choose the best solution for your personal circumstances.
Next Steps to Take When Your Finance Ends
To avoid surprises, start taking these practical steps 2–3 months before your agreement ends:
Contact your lender early: Ask clearly about the final payment amount, process, and available options.
Check your car’s market value: Use online valuation tools or dealer quotes to gauge whether keeping or returning the car makes sense.
Review your credit report: If considering a new finance agreement, make sure your credit score is healthy to secure good terms.
Explore finance options early: Compare new deals carefully to ensure you get the best possible rates.
If you’re unsure about your options or eligibility for new finance, consider using a specialist finance broker.
Sometimes the final balloon payment on PCP agreements can be higher than expected. If this payment becomes unaffordable, don’t panic—you have several solutions:
Refinance your balloon payment: Another lender may offer affordable monthly repayments instead of one large payment.
Discuss flexible terms with your current lender: They may offer an extended payment plan or restructuring options.
Trade the car in: You can use the equity (if available) towards another car with a more manageable finance deal.
Taking proactive steps can reduce financial stress and keep you in control.
End of Car Finance—Your Next Steps
As your finance deal ends, remember your three main options clearly:
Keep your car by paying the final payment (or automatically with HP/personal loans).
Return your vehicle if it suits your circumstances (mainly PCP agreements).
Trade-in or upgrade your vehicle if you prefer something newer or different.
Be proactive:
Assess affordability.
Understand your car’s market value.
Contact lenders early.
Check new finance options in advance.
By planning ahead, you can transition smoothly into your next financial decision.
Once you’ve secured car finance, your next priority is making sure payments are managed effectively. Keeping up with repayments not only helps you avoid stress, but it also protects your credit score and financial stability.
But life happens, and it’s easy to worry about meeting these monthly commitments. The good news is that with careful planning, managing car finance payments can be straightforward.
This guide provides six practical tips to help you stay on track, avoid missed payments, and enjoy financial peace of mind.
Set Up Automatic Payments
One of the easiest ways to avoid missing car finance payments is to set up an automatic payment (direct debit).
When you pay automatically each month, you don’t have to remember due dates. Payments are always on time, and you’ll gradually improve your credit score.
Here’s what you should do:
Set your direct debit date close to payday.
Regularly check your bank account to ensure there are enough funds.
If your payday changes, adjust the payment date accordingly.
Automatic payments mean less stress and fewer chances of costly missed-payment fees.
Budget Clearly and Honestly
A clear, realistic budget is the foundation of successful financial management. Knowing exactly what you earn and spend each month makes managing car finance repayments much simpler.
Here’s how to budget effectively:
Write down your monthly income.
List all regular expenses (rent/mortgage, bills, groceries, fuel, entertainment).
Clearly mark your car finance payment as essential—never optional.
Look for expenses you could cut or reduce.
Once your budget is clear, you’ll quickly see how affordable your repayments really are. If they’re tight, it’s a sign to make spending adjustments elsewhere.
Build an Emergency Fund
Even the best plans sometimes go off track. Job losses, illness, or unexpected car repairs can create financial strain. Building a small emergency fund can help you manage unexpected costs without affecting your repayments.
Aim to save enough to cover at least 2–3 months of car finance payments. Even small regular contributions add up over time.
Simple steps to create an emergency fund:
Open a dedicated savings account for emergencies.
Set up automatic monthly transfers—even small amounts help.
If you receive unexpected money, like a tax refund, put it straight into your emergency fund.
An emergency fund reduces financial anxiety and provides a safety net, making your car finance repayments easier to manage.
Communicate with Your Lender if You’re Struggling
If your finances change suddenly and payments become difficult, don’t avoid your lender. Ignoring the problem could lead to late fees, default notices, or even repossession.
Lenders appreciate honesty. Most will offer practical help if you’re upfront about your situation. Solutions they might offer include:
Temporary payment breaks or reduced payments.
Extending your loan term to lower monthly costs.
A short-term repayment plan until your situation improves.
Contact your lender as soon as you realise there’s a problem. Early communication makes finding solutions much simpler and reduces long-term financial consequences.
Regularly Review Your Expenses
Over time, it’s easy for unnecessary costs to creep into your budget. Subscription services you rarely use, higher-priced utility bills, or overspending on non-essentials can silently drain your finances.
Every few months, take a fresh look at your expenses:
Cancel subscriptions or memberships you no longer use.
Check for cheaper utility, broadband, or mobile providers.
Reduce discretionary spending (such as takeaways or impulse purchases).
Reducing even a few small costs can free up extra money each month, giving you more breathing room for your car finance repayments.
Make Extra Payments When Possible
If your finances improve, or you receive unexpected money, consider making extra payments toward your car finance loan. Even occasional extra payments can help significantly.
The benefits include:
Paying off your loan quicker.
Reducing the total interest you pay.
Improving your credit score and financial stability.
Before making extra payments, confirm with your lender whether they charge early repayment fees. Many lenders allow extra payments without penalties.
Simple ways to pay extra:
Allocate yearly bonuses, tax refunds, or overtime earnings toward your loan.
Slightly increase monthly payments if your budget comfortably allows it.
Making extra payments reduces your debt faster and gives you peace of mind.
Managing your car finance repayments doesn’t have to feel overwhelming. Following these six tips will help you take control of your finances, keep your payments affordable, and build financial confidence:
Set up automatic payments to avoid missed payments.
Budget honestly and clearly—prioritising car repayments as essential.
Build a small emergency fund to prepare for unexpected costs.
Always communicate with your lender early if problems arise.
Regularly review your expenses and reduce unnecessary spending.
Make extra payments whenever possible to pay off your loan sooner.
Taking these proactive steps ensures your car finance stays manageable and helps build a strong credit profile.
Check your eligibility now to see specialist lenders who can help you – Check Now.
If you’ve applied for car finance and discovered your interest rate (APR) is higher than expected, you might feel frustrated or unsure why this happened. Higher interest rates mean higher monthly repayments, which can put pressure on your finances.
In this guide, we’ll explain exactly why your interest rate might be high and share practical steps you can take to lower it.
You’ll learn:
What factors affect car finance interest rates.
Common reasons why you might receive a high interest rate.
Actionable steps you can take to secure better finance terms.
How Interest Rates on Car Finance are Set
When lenders decide on your interest rate, they assess the level of risk involved in lending to you. Factors influencing this include:
Credit Score: A lower credit score typically indicates higher risk, resulting in a higher APR.
Affordability: Lenders assess your income, monthly expenses, and financial stability. The clearer your ability to manage repayments, the lower your rate will typically be.
Deposit Size: A larger deposit reduces the loan amount and lowers risk, often resulting in better rates.
Loan Term: Longer finance terms might have higher interest rates to account for increased risk over time.
Understanding these factors can help you take control and secure better terms in the future.
Reasons Your Interest Rate Might Be High
Common reasons your car finance interest rate might be higher include:
Poor or Limited Credit History: Missed payments, defaults, CCJs, or limited credit history suggest higher risk to lenders, leading to higher rates.
Existing Debts or Financial Commitments: High existing debt levels or missed payments may result in lenders increasing your interest rate due to perceived risk.
Low or No Deposit: If you’re financing 100% of the car’s value, lenders take on greater risk—often reflected in a higher interest rate.
Type of Lender: Specialist lenders dealing with poor credit may charge higher rates due to increased risk.
If any of these apply to you, don’t worry—there are still ways to reduce your interest rate.
Practical Steps to Lower Your Car Finance Interest Rate
Improve Your Credit Score
Improving your credit score can have a significant impact on your APR. Here’s what to do:
Pay all bills on time – even small bills contribute to a healthier credit profile.
Reduce credit utilisation – keep your balances below 30% of your total available credit.
Correct errors on your credit report – mistakes can lower your score, so check reports from Experian, Equifax, or TransUnion and dispute inaccuracies.
Register on the electoral roll – this helps verify your identity, improving trustworthiness to lenders.
Being declined for car finance can be frustrating, especially when you urgently need a vehicle. But being turned down doesn’t mean you’re out of options. Many people experience rejection initially but go on to secure car finance by taking the right steps.
In this guide, we’ll explore:
Common reasons why car finance applications are declined.
Practical steps to increase your chances of approval next time.
How to find lenders who specialise in helping applicants previously declined.
Why Was Your Car Finance Application Rejected?
Understanding why your application was declined is the first step toward securing approval in the future. Common reasons include:
Low Credit Score A poor credit history, missed payments, or defaults can significantly reduce your chances of approval.
Affordability Concerns Lenders carefully assess your income and monthly expenses to ensure you can comfortably afford repayments. If they have doubts, they may decline your application.
Mistakes on Your Application Even minor errors, such as incorrect personal information, missing details, or outdated employment records, can lead to rejection.
Limited Credit History A thin credit file can leave lenders uncertain about your ability to manage credit, causing some to decline your application.
Knowing the reason you were declined helps you take focused action to improve your future applications.
Check and Improve Your Credit Score
Your credit score is crucial in determining your eligibility and the terms offered by lenders. If you were declined due to your credit score, here’s what to do next:
Check your credit report from credit reference agencies like Experian, Equifax, or TransUnion.
Identify and dispute any errors, such as incorrect late payments or outdated financial information.
Reduce outstanding debts to lower your overall credit utilisation, ideally below 30%.
Ensure all future payments are made on time, including utilities and mobile contracts.
Avoid multiple credit applications, as these hard searches can temporarily lower your credit score.
Improving your credit score—even by a small amount—can significantly increase your approval chances next time.
Lenders want reassurance that you can manage repayments comfortably. If affordability is a reason for your rejection, take these steps:
Review your monthly budget to clearly demonstrate how repayments fit comfortably alongside existing bills and expenses.
Cut unnecessary expenses where possible, showing lenders greater disposable income.
Consider a cheaper vehicle or smaller loan amount. This reduces monthly repayments, improving affordability.
Clearly demonstrating affordability is one of the most effective ways to gain approval after an initial rejection.
Consider Specialist Lenders
Not all lenders use the same approval criteria. While mainstream banks or dealerships may decline those with lower credit scores or affordability concerns, specialist bad-credit lenders often have more flexible criteria.
Specialist lenders commonly:
Accept applicants with previous rejections or credit issues.
Provide tailored finance options for lower credit scores.
Offer clear guidance and supportive customer service throughout the application process.
If you’ve been declined by traditional lenders, applying through a specialist lender significantly improves your chances of approval.
Check your eligibility now to see specialist lenders who can help you – Check Now.
Adjust Your Budget and Vehicle Choice
If you’ve been rejected due to affordability or risk concerns, choosing a more affordable car or adjusting your finance options can significantly help:
Opt for a slightly older or lower-value vehicle to reduce the total amount borrowed.
Consider a larger deposit if possible. Even a small increase can greatly reduce monthly repayments.
Extend the repayment term to reduce monthly payments (although this can increase the total interest paid).
Small adjustments to your finance plans can drastically increase your likelihood of approval.
Steps to Take After a Car Finance Rejection
Being declined for car finance doesn’t mean the end of your car-buying journey. Follow these steps to turn your next application into an approval:
Understand why your application was declined.
Check and actively improve your credit score.
Review and clearly demonstrate affordability.
Explore options with specialist lenders who focus on bad credit applicants.
Consider adjusting your vehicle choice or finance terms.
If you’re considering car finance, you might be wondering what credit score you need to get approved. The truth is, there’s no single minimum score, as lenders consider multiple factors beyond just your credit rating.
However, understanding how credit scores impact car finance can help you increase your chances of approval and secure a better interest rate. This guide explains:
How credit scores affect car finance
The typical credit score ranges lenders look for
What to do if you have a low credit score
Steps to improve your score before applying
1. How Credit Scores Affect Car Finance
Lenders use your credit score to assess risk and determine:
Whether you’ll be approved
What interest rate (APR) you’ll receive
How much you can borrow
A higher score typically means better finance options, while a lower score may result in higher interest rates or additional requirements, such as a larger deposit.
2. What Credit Score Do You Need for Car Finance?
There’s no universal minimum score, but most lenders use the three major UK credit reference agencies:
Approval is possible, but expect higher interest rates or a larger deposit.
May need to apply through a bad credit lender.
Very Poor (Below 561 Experian, 438 Equifax, 550 TransUnion)
Most mainstream lenders will decline, but bad credit car finance options exist.
A guarantor or higher deposit may help with approval.
Check your eligibility now to see what car finance options are available – Check Now.
3. Can You Get Car Finance with a Low Credit Score?
Yes, even with poor or very poor credit, it’s possible to get car finance. However, lenders may:
Charge higher interest rates to reduce their risk.
Require a larger deposit (e.g., 10-20% of the car’s value).
Ask for a guarantor – someone with good credit to back the loan.
If your score is low, choosing the right lender is key. Some lenders specialise in bad credit car finance, offering deals to those with financial difficulties in the past.
