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Win your car finance with CarFinance 247


If you win, we'll pay off the finance on your car. It's that simple! Your car becomes completely yours, free and clear.

This amazing offer is open to anyone who has secured car finance with us throughout 2023, including Decemeber 2023!

This means that there's still time to enter, get your finance in December, and you're automatically in!

The lucky winner will be announced the week beginning 5th February 2024 on our instagram page.

Terms and Conditions apply.

Will credit card debt affect getting car finance?

Hi, I am on the electoral roll and have finance at the minute with VW finance. My dad was guarantor and i have paid it for 2 years without missing or being late with any payments. I am going to settle the finance of £2,400 next month. I have a £5000 to £6000 deposit to put on a new car that is £13,500. Will i get finance in my own right if i have a credit card that i had sickness insurance that i started because of illness but will be settling in full before i apply? Will that stop me getting car credit?
Asked by Paula
September 22, 2012
Hi Paula, as you have a clean hire purchase agreement with VW and a large deposit i'm confident that we can get you approved for car finance even though you have credit card debt. Are you employed and can you prove your income with payslips? Are you also on the voters roll? If so, please make an application and once accepted we provide a no obligation quote and you can buy your next car from any dealership.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 44 People

Get my quote
Rates from 8.9% APR. Representative APR 19.9%




Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33. 

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.


Credit scores related questions

Hi there, im would like to know if you can provide finance for a bmw 3 series 2.0 conv 04 plate?my credit score is 478 but is due to improve because i just paid off £800 of the £2000 i spent on my credit card.please let me know asap Thanks Elvin

Asked by Elvin
September 22, 2012

Hi Elvin, Your credit score doesn't seem too bad at all. We have been able to help customers with much lower scores. With regards to the specific car it would just need to meet the lenders requirements (i.e. age and mileage). Each lender have different vehicle criteria. Please make an application as i'm confident that we can get you accepted with one of our panel of lenders. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi, i'm 18 and I have an Experian credit score of 636. I have been in full time employment for 2 years with £11,000 pa income living at home with parents so no rent to pay. I'm looking for a £5000 loan with maybe £500-£1000 deposit if needed. I have 4 cre

Asked by Dwayne D
September 22, 2012

Hi Dwayne, thank you for your question. I'm confident we can help as you are employed, have a good income, a large deposit and have 4 live active credit accounts. As long as you are on the electoral roll, can prove your income and have a full UK licence we should be able to get you the funds required. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 11 People

Hi Rachel, i have made an application. How long roughly till i hear back? My ref number is 206490

Asked by Trevor
September 22, 2012

Hi Trevor, it'll be tomorrow AM now. Have a good evening.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, this site seems useful. I have a credit score of around 200, however i no longer have any debt and am in the process of improving my score. I want a car on HP with a £1k deposit. HP required of around £11-12k. I earn £2k per month after deductions

Asked by Gary Bostock
September 22, 2012

Hi Gary, thank you for your question. As you have a good income, a stable job, a large deposit and the fact that you;re getting your credit history back on track i'd be confident of getting you approved even though you've had past defaults. Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 76 People

Hi, I'm 19 years old, have a credit score of 785 on Experian, have a gross annual income of £16000 which gives me about 1250 p/m net, live with parents paying no rent, and looking for car finance of about £3500... If I applied what sort of APR am I lookin

Asked by Jordan Stevey
September 22, 2012

Hi Jordan, as you have a good income and aren;t looking for that much finance i'd imagine the rate we could secure you would be between 9% and 12%. Please apply when you feel ready. Applying with a parent as a guarantor would improve your chances too (if that's an option). Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hello, Many thanks for your reply, all my credit is at my parents address (my old address) and my driving license is registered there too, I do not have any credit registered to my new address, however I am registered on the electoral register at my new a

Asked by Becky
September 22, 2012

Hi Becky, apologies for the delayed response. It would be best to apply in your old address to be honest. You'd have a better chance of being approved :-)

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, I have a very bad credit experian score showing as 659. I do have a car worth around £3000 (I could prob sell it for £3500 private but dont want the hassle) which I can part exchange. What are the chances of me getting around £4000 on finance?

Asked by Sarah
September 22, 2012

Hi Sarah, with a credit score of 659 and a £3000 part exchange deposit i'm pretty confident we'll be able to get you the £4000 to £5000 you need. Have you applied at any other internet companies and if so where & what was the outcome? If not, great as too many credit searches on your profile have an adverse affect. I take it you have a driving licence and are employed? If so, excellent as we'll need proof to get you a loan. Lastly, are you on the voters roll? Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 16 People

Hi, I am 21 years old and i'm earning £40k a year with an IT company which I joined 2 months ago and I am permanent. I have had a defaulted mobile phone contract and Vodafone has cancelled that one and written £800 debt to me. That was 1.5 years ago and I

Asked by Ahmed
September 22, 2012

Hi Ahmed, thank you for your question. With the large deposit and income that you have we should be able to secure you the £5000 that you need with no issues. Please apply when you can. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, my credit score is 396 - but I have no defaults or missed payments. I have a store card and two credit cards. I have lots of searches on my credit file as I'm trying to finance a car and didn't realise car dealers make a lot of searches - can you help

Asked by Helen
September 22, 2012

Hi Helen, yes we would love to help and have more lenders on our panel than the average car dealer. Are you on the voters roll at your current address and is this where your current and active clean credit is registered? How much have you applied for and are you putting a deposit down? Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, I am looking to get car finance of around £7000 I have an experian credit score of 982 but my partner (we have a joint bank account) has a very low score off 532. This is only because she paid for a course on a monthly payment scheme, cancelled it wit

Asked by Nick W
September 22, 2012

Hi Nick, thank you for your question and apologies for the delayed response.

Your partner's poor credit won't effect your chances of being approved for a car loan at all. You may need to provide proof of income from your new job (payslips or bank statements) but as long as you can do that we should be fine to secure you the £7000. Would you have a deposit at all? Just to be clear - the lenders that we deal with can look at just your credit without taking associates into account.

I hope this helps and i look forward to receiving your application. Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 11 People

Can't find the right answer?

Our Manchester based team are ready to help you.


* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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