Bad Credit Car Finance

Bad Credit Car Finance

  • No Deposit? No problem

  • Buy from any reputable dealer

Get a Quote Does Not Affect Your Credit Score Representative 21.4% APR
4.9 out of 5

No Obligation
No Fees
Bad Credit? No Problem!

Bad Credit Car Finance

Get a Quote Does Not Affect Your Credit Score

Representative 21.4% APR

Blue Volkswagen Golf
Silver Ford Focus
4.9 out of 5

No Obligation
No Fees
Bad Credit? No Problem!

4 Years

48 monthly repayments


Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

48 monthly repayments


Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

Representative example:

Borrowing £6,500 over 48 months with a representative APR of 21.4%, an annual interest rate of 21.4% (Fixed) and a deposit of £0.00, the amount payable would be £196.24 per month, with a total cost of credit of £2,919.52 and a total amount payable of £9,419.52

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  • No obligations
  • No fees
  • Get dedicated customer support
  • Get finance to match your budget
  • FCA authorised and regulated
  • Buy from any reputable dealer
  • Over 30 finance options

How ChooseMyCar can help customers with Bad Credit

As car finance specialists, we understand that it’s not always possible to have the perfect credit score, whether you’ve not taken out credit before, or have experienced credit problems in the past. Bad credit doesn’t have to mean you can’t buy a car. 

We know how difficult it can be to secure the right deal for bad credit car finance. That’s why we always go the extra mile to find the best deal for your individual circumstances. We’ll start by conducting a ‘soft search’ rather than a full credit check, so the initial application won’t affect your credit score. This will give us a clear indication on whether we can source credit for you and the kid of credit we can get. If what we initially offer seems right for you, only at this point, we will progress onto the full credit application. 

Here are just some of the other ways we can help:

CCJs, defaults and arrears icon

CCJs, defaults and arrears

Our network of trusted lenders can help you find finance, even if you have CCJs, arrears, IVAs or a debt management plan. It may be that you're self-employed. Whatever your situation, we could help you to secure car finance.

Applying won’t affect your credit score icon

Applying won’t affect your credit score

To work out the affordability of any loan, simply use our quick finance calculator to see what you could borrow. Or, apply now to view your options. All without affecting your credit score.

Approved, reputable dealerships icon

Approved, reputable dealerships

All our trusted dealerships are handpicked by our experts. That means quality cars, from quality dealerships. So, you can feel safe in the knowledge that your experience will be smooth from beginning to end.

Representative 21.4% APR icon

Representative 21.4% APR

We’re always transparent with our finance deals. Plus, we always find you the best rate. For starters, our representative APR is just 21.4%. Because putting you first is what we do best.

Let's get you started

Applying with us only takes a couple of minutes and won't affect your credit score

What are my options with Bad Credit Car Finance?

We’re here to help you secure the best deal possible, even if your credit score is bad, or even if you’ve been refused car finance elsewhere. 

While rates will often be higher than representative models there are still deals to be found. One other option for buying a car with bad credit is a guarantor loan, which can be an excellent option for those looking to get car finance. This will allow you to use someone else as a guarantor, like a friend or family member. This can help you avoid higher interest rates that a low credit score often leads you towards, as it essentially means that if you miss a payment, someone else can step in and pick it up. We can help you find a car on finance using any of these options, whether you simply have a poor credit score, a CCJ or IVA. We can help you if you’re self-employed or are struggling to find car finance deals because you have no credit history.

How to get Bad Credit Car Finance? 

At ChooseMyCar we can help you get accepted for bad credit car finance, even if you have a poor or no credit history. We understand that everyone’s situation is different, and that means we know how to get car finance, with bad credit or no credit history. You will need to prove that you can afford the repayments, as this could show that even though your credit score is low, you have the money available to afford the repayments. It also helps if you have the ability to offer a deposit. This would help keep rates low but also bring down the overall amount you owe for the car in the long run. Another option, if you’ve had issues getting approved, would be a guarantor loan. This would give additional reassurances to the lender that you can pay back the money owed.

How to apply for Bad Credit Car Finance

Applying for bad credit car finance or a car loan is simple, whether you have a low credit score or not. Just follow these simple steps:

1. Check what you can afford - Use our car finance calculator to find out what you can afford - this will give you a representative example based on the information you provide.

2. Apply Online - To start your car finance application with is, simply fill in our simple form here for car finance with bad credit, we’ll just need some basic information from you.

3. Get a quick decision - You’ll get a quick decision on your approval for car finance - this can be as quick as the same day you apply.

4. Find your used car - Use the ChooseMyCar website to search and find for the used car that suits your needs and budget.

5. Agree to the Repayments - Buy your car from any dealer - now your finance deal has been approved you’re free to buy your car

6. Sign the Paperwork - Our dedicated team will guide you through the paperwork process before signing the agreement 

7. Drive away in your new used car! - Get the keys and drive away happy!

What is Bad Credit Car Finance? 

Bad credit car finance deals are those aimed at people that may have a less than stellar credit history. A car finance deal will allow you to spread the costs of buying a car out in affordable monthly instalments over a set period of time. A poor credit car finance deal can make buying a car a much more affordable thing to do, as you don’t need a large sum upfront to be able to access it. You will need to prove that you can afford to make the repayments on an ongoing basis though.

We understand that having a poor credit history can make buying a car difficult, but that doesn’t mean you don’t need one to get around, or even get to work. Sometimes it feels like the deals you want can disappear after you’ve gone through a credit check. This comes down to your financial history, where lenders think you may not be able to meet the payments over the course of the contract. We know how exasperating that can be, and at ChooseMyCar we understand that just because you have a low credit score, it doesn’t necessarily mean you can’t afford to make the payments. We can help you find poor credit car finance deals. This can affect people who are self employed or work part-time and can often affect young drivers who have no credit history. People have bad credit scores for all kinds of reasons, and some lenders will set interest rates much higher, or take away options like no deposit. If you want tips on raising your credit score you can find those in our guide on how to raise your credit score.

What is my credit score and how can I improve it?

Your credit score is something used by lenders to determine your eligibility for loans, mortgages, credit cards or other similar services. A bad credit score may affect your eligibility to get car finance, a car loan or other forms of credit. This score is affected by a number of different factors including, but not limited to:

  • Your presence on the electoral roll
  • Your available credit, and how much of it you’re using
  • Your current debts
  • Your history of credit payments and repayments
  • When you make credit searches

If you have a good credit score then lenders are much more likely to loan you money with a preferential repayment rate. This doesn’t mean that having a poor credit score can stop you from loaning money, but it can mean that it becomes tricky to do so.

Quick tips on improving your credit score

If you’re wondering how to get car finance with bad credit, then a good starting point is trying to improve your credit score. While we specialise in bad credit car finance, improving your credit score will generally give you access to better deals. We’ve run through a few basic tips below, that can help.

  • Register on the electoral roll
  • Review your credit score regularly
  • Make sure you don’t miss any payments
  • Close any unused credit accounts
  • Pay off your debts

For a more detailed look at improving your credit score, check out our free guide.

Frequently Asked Questions

While you won’t need a good credit score to flat out buy a car, it can affect things if you want to get car finance. Overall the better your credit rating the better deal you’ll get on your car finance.

A poorer credit score may mean you are either denied car finance altogether by some lenders or else face higher interest rates or monthly repayments. That shouldn’t put you off though, at ChooseMyCar we are experts in bad credit car finance and can even help people with CCJs or IVAs get car finance. For more information on raising your credit score, check out our guide.

It is possible to get car finance with bad credit. Many lenders provide loans and finance options specifically for people with bad credit.

Personal loans can be a great car finance option if you have bad credit. And a guarantor loan may help you avoid higher interest rates; this is where a friend or family member co-signs the loan, agreeing to meet payments if you're unable to.

With pre-approval on a personal loan, you can walk into the dealership like a cash buyer. You can be in a better position to negotiate on price. And you can avoid the stress of the finance office.

Your car finance may have been refused for a number of reasons. These are generally one of the following: 

  • Poor credit history or a bad credit score - read our tips on improving your credit score
  • You don’t meet the criteria for qualifying for that lender’s finance
  • Your employment status - some lenders won't approve you if you are unemployed or self employed
  • Type of driving license
  • Age - this could be because you're too old or a young driver. 

For more information on why you may have been declined, please read our guide on being refused car finance.

While it’s not ideal, there are circumstances that may occur that stop you from making a payment.

If you are unsure about your ability to make an upcoming payment we would recommend contacting your lender. This way there may be something that can be worked out before the payment is missed.

If you’ve already missed your payment, and can afford to make it, contact your lender as soon as possible to make the payment. You may incur a late fee, but making the payment can stop anything else from having.

If you continue to miss payments there is a chance your car could be repossessed and you will still owe for missed payments. Your credit rating will also be negatively affected.

Your credit file is checked if you apply for car finance. And you'll usually have to provide proof of ID, address, and income. The specific documents you'll need ultimately depend on the finance provider you go with.

Providers will check your credit score when you apply - initially via a soft search. They'll perform a hard credit check if you choose to enter into a contract with them. Most lenders will need to see your driving licence - full or provisional. You may also be asked to provide:

  • Your passport - for proof of ID
  • Utility bills or council tax letters - for proof of address. These usually need to be dated within the last three months.
  • Payslips - for proof of income and to make sure you can afford the payments. Some providers may ask to see a few months' worth.

The amount you can afford to spend on a car will vary depending on your situation. The important thing is to make sure you can afford any repayments that your car finance agreement sets out. Missing repayments can cause issues between you and your lender and could end up in court or affecting your credit rating. 

To work out what you can afford, try our car finance calculator.

If you make all of your payments on time on your car finance loan, then it should have a positive effect on your credit rating. This will prove to lenders that you are reliable and will reflect well on you.

However, if you miss or fall behind on repayments it will have a negative effect on your credit rating and remain in your credit history for 6 years.

For more information read our guide on credit scores.