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Car finance for customers with bad credit: Your options

Do you want to know if you can get finance without affecting your credit score? Our quick and easy credit check tool can give you an answer in just 60 seconds.

How to get car finance with bad credit

If you have a credit rating that’s anything less than perfect, you might be worried about being eligible for car finance, or you might think your monthly repayments will be too expensive to afford.

But having bad or non-existent credit doesn’t mean you can’t get finance. If your credit rating is average or worse, you could still be eligible for car finance with The Car People.

Often the best way to start is to use our credit check tool to see if you’re likely to get finance. Our finance team will then find out the best rates we can get for you and talk you through your options. Alternatively you can set your budget using our calculator below and start searching our stock based on our standard finance terms.

Cash Deposit

Part-ex

Finance Settlement

Monthly Budget

Repayment Time

Average mileage per year

Total Deposit:
£
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Representative Hire Purchase Example


Initial payment of:
payments of:
Final payment of:
Period of the agreement:
On the road cash price:
Deposit:
Total amount of credit:
Total cost of credit:
Total amount payable:

Representative APR:

This quotation is in relation to a regulated Hire Purchase and Fixed Sum Credit Loan agreement. It is not an Offer of credit & is valid for 14 days from the date of creation. Credit is only available to persons 18 years or over. The Car People Offer Credit from a number of finance providers & may receive a payment from them regarding finance agreements written with them.

For Hire Purchase (HP) & Personal Contract Purchase (PCP) loans you will not own the vehicle until the loan has been paid in full.

BE SURE YOU CAN AFFORD THE REPAYMENTS & CONSIDER ANY POTENTIAL CHANGE OF CIRCUMSTANCES THAT MAY AFFECT YOUR ABILITY TO REPAY THE LOAN BEFORE YOU ENTER INTO A CREDIT AGREEMENT.

94% of customers would buy from The Car People again

How The Car People can help customers with bad credit

We understand that not everyone has the perfect credit record. Perhaps you haven’t had much credit before or have experienced problems in the past. However you could still be eligible for car finance. To help you, we work with a partner who have built an IT platform to help us understand the ideal lender for you, one that can give you the best rate of car finance for your circumstances. Even if you have a very poor credit history, they have finance partners who are happy to lend based on what you can afford now, rather than what may have happened in the past.

Rather than encourage you to perform a full credit check, we’d rather help by starting with what’s called an application search, or ‘soft search’. This will give us a good idea whether we can source credit for you and what sort of rate we can get you. From there, if the package is right for you, then we can progress to a full credit application and have all this in place before you even step in to one of our dealerships, as long as that’s what you’d like.

After all your new finance agreement needs to be on your terms.

How we work

‘Bad credit’ or a weak finance history doesn’t have to stop you getting car finance on a used car. There are many reasons why you may have struggled to get finance before, however our partner will assess your situation and find the best rate we can get for you. You may have missed payments in a prior finance agreement, recently gone through a bankruptcy order/IVA or have county court judgements (CCJs) against you. Our partner has a large panel of lenders, who can help customers finance their car if they have bad credit.

We want to help you repair your credit file, so we’ll search out the lender who’ll give you the best rate of interest in your circumstances.

What if I’m not ready to re-finance yet; is there anything I can do to help?

If you’re just trying to understand the best options for someone who’s looking for car finance with bad credit, then you can start to help improve your credit file today. Consider these top tips:

  • If you’ve missed any payments then speak to your lender about a way to catch up on them, as long as you can afford it.

  • Save up a deposit for your new loan. A lender will probably give you a better rate if you’re putting in a decent deposit. However we do have lenders who can help if you don’t have a deposit.

What to do next

1. Apply online

To start your car finance journey with us simply fill in the short form below to perform an application search.

2. Instant decision

You’ll get an instant decision and our finance specialists will be in touch within 24 hours to understand your needs.

3. Find your vehicle

Our specialists will help you find a vehicle that suits your needs and your budget, so all you need to do is pop in to a site to test drive it.

4. Agree repayments

We can email your quote to you so you can agree your repayments before you even step in a store.

5. Sign paperwork

Our on-site finance team will take you through your finance agreement before signing it on site.

6. Drive away happy!

We take the hassle away, so that you can drive away happy and enjoy your new car.

Frequently Asked Questions

Q. Can I get an instant decision on whether I can get car finance?
Yes, you can find out right away if you’ll be able to get credit to purchase your car. Simply fill in the form below and we’ll conduct a ‘soft search’, which tells us whether you’re likely to qualify for finance and at what rate, without having to perform a full credit search. Find out more.

Q. Can I part-exchange my current car when I buy?
Part-exchange is available for many of the cars on offer at our showrooms. We can’t guarantee that any car can be part-exchanged, and a range of information is needed to provide a subject-to-view valuation. Find out more.

Q. Do you perform a credit check as part of the car finance process?
Yes, but only after you’ve decided you want to apply for finance and have filled out a full credit application. If you submit your complete proposal, the lender will perform a credit check. Find out more.

Q. How likely am I to be refused if I have a bad credit score?
Credit to fund your car purchase can be facilitated by a selection of lenders who work with our dedicated broker. Specialist low or bad credit lenders are more likely to support your loan than mainstream lenders, with 80% of our customers being accepted. Find out more.

Q. What do I need to know if I’m thinking about refinancing my car?
When you refinance your car, you’ll typically negotiate an agreement with a new lender and sign a contract that has different terms from your old loan. Your refinancing agreement might allow you to get a lower interest rate or extend your repayment schedule, potentially to ensure that you’ll end up paying less in the long run. Find out more.

Q. What types of finance can I get with a bad credit score?
Hire purchase is typically the best option for low or bad credit customers, and is available with all finance companies. There are different types of finance available to all our customers, but some forms are easier to be approved for than others if you have a bad credit score. Find out more.

Get a credit decision in just 60 seconds

Please complete the form below and we'll have a decision back to you in seconds.

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More information required

Our finance lenders have requested further information to be able to complete their checks. Please answer the following addional questions to proceed.

What is your current employment status?

Please select the size of the fitted alloy wheels, otherwise select 'None fitted'

What type of driver's license do you have?

What is your approximate monthly income?

If required, are you able to provide payslips to verify your income?

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Our service has encountered a problem

Unfortunately, our application check service has been unable to match your details, preventing us from providing an accurate estimate of your eligibility.

Please check your details on the form carefully, however, if you are still receiving this message after reviewing them, please call our contact centre on 0333 222 6599 to discuss your credit check application.

Great News : We think we can source finance for you It looks as though we can source finance for you

We’re Sorry : It looks as though we can't source finance for you

Will I be accepted?

YES VERY LIKELY LIKELY POTENTIALLY UNLIKELY

What will my costs be like?

VERY LOW LOW AVERAGE HIGH VERY HIGH

Our application check service thinks we can source you finance from one of our main finance companies, at our great low rates starting from 8.9% APR. The next step is to find a suitable car for you and source an acceptance for that vehicle. You can start searching now and our finance team will be in touch shortly to discuss the next steps.

Our application check service thinks we can source a finance acceptance for you. The next step is to find a suitable car for you and source an acceptance for that vehicle. You can start searching now and our finance team will be in touch shortly to discuss the next steps.

Our application check service thinks we can source a finance acceptance for you. The next step is to understand a bit more about how much you're looking to borrow and what type of car you’re looking for. Our finance team will be in touch shortly to discuss this with you.

It looks as though it is unlikely that we can source a finance acceptance for you. However if you think our system has misunderstood your credit history then please get in touch to talk this through with us.


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