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I Have A Credit Score of 467 & I'm looking for Finance to Purchase A Vehicle

Hi, I have a credit score of 467 but this is gradually increasing.

I am looking for £5-7k to purchase a vehicle. I have an income of approx £35k per year and have a small part ex, a small deposit on top of this would be no problem. Will you be able to help?

I loathe to make too many applications as this will adversely affect my score. I have been offered finance elsewhere but this is only to choose from the finance companies group stock and I would rather be able to search for my own vehicle myself.

Asked by Andrew Carr

Hi Andrew, from what you say you tick most of our required boxes however, as we act as a broker we try our best to secure you finance and without seeing your credit profile we've no way of determining whether we can help 100% or not.

I take it you've been approved at ACF car finance if they want you to buy a car from their own stock? If so, we can offer better rates and when accepted we provide a no obligation quote and you can choose a car from any dealer nationwide.

The fact that you earn good money, have a part ex and cash deposit is a great help. Please apply if you feel comfortable and we'll try our best to get you approved. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 36 People

5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

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