You need a huge investment irrespective of type of car you buy. In such a scenario, getting car finance could bring sufficient funding to purchase your dream car despite your credit history.
As the direct lender, we know managing the perfect credit score is always more complicated. Therefore, we offer bad credit car finance for specific situations that assist you in covering all your needs.
You can obtain the amount ranging from £1000 to £50000 for a maximum duration of 7 years. The interest rate will differ based on your financial conditions and requirements.
Are you interested in getting funds for bad credit? You have come to the perfect place. We offer guaranteed car finance because we know that it is first and foremost, this as that is most people's preferred option.
Car finance is one of the common types of personal credit, which lets you get greater cash flow to buy a car. Through this funding option, you can buy directly from a dealer, private seller, or lender and, finally, the car will be yours from day one.
Usually, car finance for bad credit involves borrowing lump sum of money to fund your car. However, you need to make affordable monthly payments of your agreed term.
The interest rates are also less when you approach trustworthy car finance lenders for getting bad credit funds. The longer you choose to pay, the lesser the payment is, but you need to pay more interest overall.
Thus, choosing the most realistic finances based on your budget is better. You must contact us if you need help getting the best deal with imperfect credit. We have better deals for everyone.
The complete process is straightforward, meaning you can easily apply online and get a decision within hours. You can quickly learn the process by knowing which type of finance you need.
Getting guaranteed car finance for bad credit from a direct lender is simple yet straightforward. We don’t judge if you have a poor credit score. Instead, our team considers your repayment capability and affordability based on the current situation.
Our whole application process is simple and has no obligation. At the same time, it is free to use. Most importantly, it will not impact your credit. We offer guaranteed finance by working closely with your exact situation.
In such a case, you must prove you can pay the monthly instalments. While you get poor credit car finance from a direct lender like us, you will enjoy the below benefits:
Several factors determine while applying for car finance, and funds can be accessible subject to circumstances. We work with various credit profiles and offer assured finance by checking the repayment ability instead of a credit check. Especially if you need better credit, we will offer the best car finance deals.
In general, getting guaranteed deals on car finance from a direct lender lets anyone explore many potential advantages. Given below are a few advantages that this financing option may include:
Easy access to financing:
This fund lets people access to cash instantly and helps those denied by traditional lenders to finance a car. The process is online and thus eradicates any further delay allowing you to fetch the desired amount on time.
Improved quality of life:
Choosing affordable deals on car finance for bad credit from responsible direct lenders lets you get seamless access to cash. However, it can help improve an individual's quality of life with ease. You can repay it in convenient monthly instalments without disturbing your regular finances.
Making timely payments can help to get better credit scores over time and support to be eligible for better rates and terms. Therefore, it is crucial to avail of only affordable loan deals. You make sure repayments will be made from your monthly income only.
Flexible payment options:
Usually, car financing provides flexible payment options that help anyone manage easy payments. You can choose between fortnightly, weekly or monthly payment options at your convenience.
Getting financing on the car will be ideal at any time. It is better to understand how to get car finance with bad credit by analysing the terms before making any decision.
Our terms are simple and straightforward. As long as you can afford the repayments, we can consider your application without past credit errors. Our primary concern is your current financial performance. If it is satisfactory, you are good to go with financing your car.
Therefore, you can get finance competitively regardless of your condition. Now, look at available types of car finance for bad credit:
Individuals can use this type of fund to purchase a car. It lets them spread the cost of buying a car over some time, making it more affordable for those who cannot afford to pay for the car upfront. The repayment period will differ between 12 to 60 months. There are various types of finance, including:
Taken as a whole, it can be a good option for someone who wants to own a car but does not have the funds to pay for it outright.
It is available for self-employed individuals who may need a regular income or a consistent employment history. This fund lets people purchase a car for their business or personal use. This credit can be provided by getting tax returns and bank statements to verify their income and ability to repay it, even if it comes in different forms.
It is beneficial when the borrower does not have to provide a down payment upfront. This option typically comes with higher interest rates. To qualify for this finance, providing additional documentation, including income proof or a good credit score, is important.
It is one of the ideal types for students who may not have a substantial credit history. It allows the student to purchase a car for personal use or to commute to university or work. To get guaranteed car finance for bad credit, it is important to provide documents like proof of enrolment in a college or university and proof of income to guarantee the finance.
It is a common myth that individuals, who have been declined for availing finance in the past, cannot get approved for any bad credit finance from a direct lender without a guarantor. However, we do not agree, and we know that your past credit history should not hold you back from accessing funds, and we want to offer you a chance.
You can easily avail of car finance with no guarantor by approaching us. The funds will be available based on your financial circumstances, like your repayment capability, income source, properties, etc.
In this type of finance, you are solely liable for your repayments. However, it tends to be more popular when compared to guarantor finances as they give you comfort with independence.
Besides, improving the credit scores is also possible because you will make the repayments, and if you do it on time, your scores will go up, inviting more funding opportunities in the future.
Accessing the most affordable interest rate on car finance and less repayment means it is still worth improving your credit rating. Here are some of the tips that support you in pulling off your credit score in the finest way:
Check errors on your credit score
The first and foremost thing is you need to check your credit score at a certain interval. In general, errors occur in any instance that will greatly impact your score, so be sure to check your credit once a month or so to safeguard the whole thing as it should be.
If you are living with your partner or married and breaking up, try to ensure your credit records are de-linked because these factors also negatively affect your score.
Register to vote
Usually, we use the electoral roll information to get confirmation about your details, including your name, residence, contact details, and where you have lived before. These particulars are necessary for your request or file to be judged as predictable besides, that's what drops your score.
Avoid too many loans at once
While getting loans, the company should do a full credit check, which will impact every time. Of course, this will add a mark to your credit record. If you get too many marks on the credit, it will go down automatically as well as this also indicates you may constantly be trying to borrow too much. To save your credit, at least give 3 to 4 months before you make your car application.
Make a payment on time:
Missed payments on credit cards surely have a huge negative impact. In addition, it can stay logged on for around three years. However, it is always best to set up a direct debit to ensure you remember to make any payment each month. This will support you in protecting your credit score.
By working out your income and expenditure and using our car finance calculator, you can effortlessly understand what you can apply.
You can effortlessly get very bad credit car finance by approaching us. This is because we look at more than your credit history into account. We consider other factors, including your payment history, financial background, and the repayment ability to afford the amount.
We like to facilitate a chance for everyone by offering an instant decision on car finance for people with bad credit. As such, we offer an online form to see if you are eligible for the particular finance.
Here is how you can apply for finance even with poor credit:
We also accept bad credit car finance requests even with defaults, CCJs, debt arrears, etc. You must approach us if you have not taken any advances or funds due to poor credit scores.
With a wide range of vehicles available, we can facilitate many options. With us, you can think seriously about your car purchase. Be it new finance or pre-approved for bad credit, we make the process straightforward. When applying for funds, it is better to consider our car finance calculator to know about terms, including repayment, interest rates, and the amount you seek.
Our process includes,
You can easily approach us to get perfect quotes for car finance. It allows you to know a real rate.
Our online application process takes a few minutes to complete.
We offer a soft-search facility that will check your eligibility for finance on the car without affecting your credit score.
Following form completion, our team will let you know if you are eligible for a loan and update you about the document submission.
Once your application is approved, we send the instant cash to buy your dream car.
If you are provisionally accepted, we can directly move your application onto our in-house finance team, who will support you in getting pre-approved car finance options for bad credit.
Require new or used car finance in the UK but have bad credit? You are at the right place. Poor credit history or adverse credit score should not stop you from approaching Advanceloanday for car finance.
We are experts in facilitating the finest deals by understanding your exact scenario subject to your budget. On the other hand, you can easily access our car finance calculator to benefit from the best financing deals in the UK.
With extensive industry experience, we offer more options tailored to certain people. It assists you in navigating cheap car finance and offers 24/7 friendly support to get money immediately, regardless of your credit history.
Be it your first wheels or a family run-around, our motto is to help you find your next car. If you know what you need, you must contact us for the right deal with guidance.
Normally, 0% financing is not available for used cars. A free finance is about as good a deal at the same time as it is possible to get where finance contracts are concerned. You can save huge money through interest-free car finance, which might run for three to five years. However, it is only available for the new car as an incentive to attract buyers.
Yes, you will get car finance for bad credit even if you have any missed payments or defaulted in the past. Some direct lenders in the UK will offer such support by understanding your circumstances. However, the lenders believe your credit report doesn’t tell the full story. Hence, contact the direct lender to get car finance even if you have had any defaults.
This kind of finance is secured against the vehicle. We are not providing a PCP car finance agreement, but we suggest you to research well before finalising the provider.
Not. Most direct lenders will offer guaranteed car finance with no credit check, so it does not affect your credit score. Instead, you can build your credit score through proper monthly repayments.
Generally, a deposit is not required to get finance, but if you deposit something, it will allow you to borrow comparatively an affordable amount. While collecting funds, you need to prove that you repay money responsibly. Getting finances with lower monthly payments lets you save money for an extended period.
Yes, car finance can be easily accessible even with CCJs. In general, having a County Court Judgement makes it more challenging to get car finance. Still, it doesn't necessarily mean you won't be able to get approved. Although the terms will vary based on your current financial situation, to access the cheapest car finance with CCJ, it is better to get deals from direct lenders.
With my bad credit, I struggled to get bad credit car finance in Manchester, but Advanceloanday allowed me to get the car I needed. The process was stress-free, and the team was extremely cooperative during the entire process. I recommend this lending service to individuals who need money in a similar situation.
-Avery, Manchester, UK
Advanceloanday is the car finance giant, and it guided me throughout the process gave me a second chance when it came to buying a car. The team went above and beyond to help me find finance I could afford, and I'm now driving a car I love. I can't thank them enough for their support and understanding.
Several lenders turned me down before I discovered affordable car finance in Southampton by approaching this lender. They didn't analyse my situation based on my credit score but instead focused on helping me find the right finance. I'm now the proud owner of a car I never thought I could afford.
Jack, Southampton, UK
Representative 49.9% APR
Representative Example: Credit Amount - £7,000 for 12 months at £752.73 per month. Total loan repayment amount of £9032.80. Interest Amount: £2032.80. Interest rate: 49.9% pa (fixed). 49.9% APR Representative.