Skip Content
Sign in to the member area

Can You Get Car Finance if You Have Been Refused a Loan?

Tim Carpenter, Dedicated car finance expert
Written by Tim Carpenter
Edited on

If you have poor or bad credit, or you have been refused a loan elsewhere, the good news is that we still may be able to help. In fact, a number of our lenders specialise in helping those with bad credit obtain car finance.

Of course, no car finance is guaranteed, since everything depends on your particular circumstances – such as your age, your employment, your income and the size of the loan you are looking for - as well as your credit file.

However, we have loan options available for a wide range of personal circumstances, including for those that have CCJs on their file, are in an IVA or have previously been bankrupt (now discharged).

Having a regular, basic income is something our lenders will look to see from any finance applicant. This can come from a range of employment types, for example we can help if you are self-employed, a part-time worker or an agency worker.

We do have no deposit car finance options, but if you do have a deposit or a part-exchange available, you can use this to reduce the total amount borrowed (subsequently reducing your monthly repayments).

Even if you have been declined for a car loan elsewhere (such as from a bank, a car dealership or even another car finance broker), the good news is that we do work with lenders that specialise in bad credit car finance, so still may be able to help.

Remember, though, that the repayments are still your responsibility and if you default on them your credit rating will be adversely affected and future borrowing become still more difficult.

At CarFinance 247, it isn’t just a car that you can finance! We can offer finance on vans, motorbikes and motorhomes too.

Liked by 131 People


Tim Carpenter, Dedicated car finance expert
Tim Carpenter Car Finance Expert

Can't find the right answer?

Our Manchester based team are ready to help you.