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A Have A CCJ But A Large Deposit. Can I Get Car Finance?

Hi there, I currently have a CCJ to my name and a really bad credit history that haunts me from when i was 18 years old. I applied for loans, credit cards and i never paid them.

I have a large £5k deposit for a new car which would be around the £7.5k mark. Can you secure finance for the rest of the vehicle for me? Regards

Asked by Daniel

Hi Daniel, apologies for the delay in responding.

We do have a few lenders on our panel that may be able to help as they lend funds to people with bad credit but have a large deposit (which sounds like yourself). We obviously can’t guarantee an approval but we’ll certainly try our best to get you accepted.

How is your current credit? Are you on the electoral roll and can you prove your income with payslips or bank statements? If so, please apply when you’re ready and if approved we provide a no obligation quote and you can choose a car from any reputable dealer. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 318 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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