Car finance with bad credit | Car loans

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NetCars Car Finance
Netcars has helped thousands of customers across the UK obtain competitive car finance rates for over 10 years! The customer informs Netcars of what car they want and they source it for you as well as, searching through a large panel of finance companies to get the best finance deal. Netcars can even deliver your new car to your door and a decision on your application is obtained within minutes.
Before you complete an application you must meet the following criteria:
  • Must have a full UK driving licence
  • You must be over 21 years old
  • You must be a UK resident for the last 3 years
  • You must be employed and work more than 16 hours per week
  • NetCars do not accept Northern Ireland Applications
 Unsecured 19.9%
ACF Car Finance
ACF Car Finance specialises in providing quality used cars and can also help in arranging car finance for customers who often have difficulty obtaining credit from conventional lenders.
Before you complete an application you must meet the following criteria:
  • Have a valid UK driving licence
  • Be over 23 years of age
  • Be a UK resident with at least 3 years address history
  • Be in employment earning a minimum net monthly income of £850 (excluding self-employed)
 Unsecured 44.9%
Creditplus Car Loans
Creditplus offer a complete car buying service.
Step 1 Creditplus source the most competitive car finance for you across the whole car loans market saving you time, effort and money.
Step 2 You choose your car at an independent dealer, from the online database of over 65,000 cars for sale, or tell a Creditplus advisor the car you want and they find it and, if you wish, negotiate with the dealer for you.
Step 3 Creditplus deliver your car to your door, free of charge. Before you complete an application you must meet the following criteria:
  • Have a valid UK driving licence
  • Be at least 21 years of age
  • Be a UK resident with at least 3 years address history
  • Be in employment
 £3000 £50,000 Unsecured 23%
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Bad Credit Car Loans

Although fewer financing options exist for people with bad credit who are trying to buy a car, loans are available. Unfortunately, the terms of these car loans are decidedly not as good as the car loans that are offered to consumers with good credit histories.

In fact, if you have bad credit, you will have to accept the fact that you might not be able to afford that brand new, shiny car simply because you cannot get a good enough car loan to finance your purchase.

However, even though it may be easier to get a loan for a used car when you have bad credit, you can get a loan in many cases to help you finance a brand new car purchase. Typically, this depends on your personal circumstances including employment history, size of down payment, type of car that you are planning to purchase, the existence of a cosigner, and the circumstances of your bad credit history.

Unfortunately, no matter what kind of car you are trying to finance, your bad credit history is going to lead you to car loans with less than favourable terms. It may take some time searching for a lender who specialises in car loans for people with bad credit to get the loan that you want. This type of lender has access to numerous car loans with a wider variety of terms including interest rates and the number of years the loan will be held.

Reputable lenders will help you locate the best car loan for your circumstances. They will provide you with free, no obligation quotes for a car loan. Look around and request quotes including interest rates from several lenders before you finalise a deal.

Don't forget to ask the lender if there is any way they can improve upon the terms they are offering you. Lenders are in the business of loaning money to make money. Therefore, if they consider you are a safe enough risk, even with bad credit, then they will give you the loan you need to purchase the car. Once you are given your car loan, make sure you are not late with the payments otherwise your credit rating will drop even more. If you can increase your credit score and improve your bad credit rating, then you might be able to acquire a better car loan the next time around.

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