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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.

Can i Get Car Finance After My DRO - Debt Relief Order?

Hi Rachel, My Debt Relief Order (DRO) is due to finish in April 2013. I will have £1000 as a deposit plus a part exchange of a car worth around £1000.

Will i be able to get help with finance after the DRO has finished? Thanks
Asked by Sammy J
July 11, 2012
Hi Sammy, thank you for your question and apologies for the delay in responding.

The answer to your question is Yes, we'd love to help. The fact that you'll have a £2000 deposit is also a massive help. I take it you have a full UK licence, can prove your income and are on the electoral roll (this isn't mandatory but does help)? Lastly, have you kept your current active agreements up to date payment wise? If so, we'll have a reasonable chance of getting you accepted.

If approved we provide a no obligation quote and you can buy a car from any UK dealer. Please make an application when you're ready. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 50 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.


Debt Management Plans related questions

What do you mean by hire purchase exactly and would the £4000-£5000 be a deposit or to buy the car outright? We could use our current car a ford focus as a part exchange? Ideally would prefer to make payments to have a car of our own at the end.....

Asked by Nathalie
July 11, 2012

Hi Nathalie, the £4000 to £5000 is the amount of finance i think we could potentially secure for you. You would own the car at the end of the agreement and you could obviously use your current car as a deposit towards a newer car. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi Rachel, I have been on a dmp for 12 months. All payments are up to date and have never been missed. My current debt is £32k. I have never had any ccjs and have an income of £45000 per annum. I am on the electoral roll and all mortgage payments are up t

Asked by Chris
July 11, 2012

Hi Chris, we have a few lenders who help people out with bad credit so i'm quietly confident we can help you out. As you have a clean mortgage & a good income this helps massively and the fact you have a deposit too strengthens your chances of being approved. Please apply when you get chance. Thanks, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, me and my wife entered into a DMP which has been active for almost two years now. We are on the voters roll, never miss a payment and both of us are full time employees. We desperately needed to replaced our family car. I still have estimated debt of

Asked by Daniel
July 11, 2012

Hi Daniel, it's good to see that you're now keeping up with your DMP payments. However, as your debt is a large amount you may need to seek approval from your creditors before applying for car finance as they might reject your offer. If they approve your request then please apply and we'll try our best to get you approved. The 2 part exchanges could be used as full deposit :-)
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi Rachel, my husband and I are 26 months into a 60 month debt management plan. We have never missed a payment but obviously this affects our ability to get credit. My husband drives all over the country with his job and desperately needs a newer lower mi

Asked by Claire
July 11, 2012

Hi Claire, thank you for using our Q&A. You may need to speak to your debt management company to see if you need to get an agreement from your creditors for a new finance agreement. If we can get you approved (depending upon how bad your debt is) we may only be able to secure you £4000 to £5000. We can take your part ex off you as full deposit so that is good news. Please come back to us once you've spoken to your DM company :-)
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 2 People

Hi, i have a potential job as a staff nurse so need a reliable small engine car. HNS leasing do 0 per cent deposit and monthly payments of £100. I am on electoral roll, mortgage with no arrears and am earning £27-34500 per annum. My husband earns £32500 p

Asked by Ruth Masterson
July 11, 2012

Hi Ruth, thank you for your question. I'm confident we can secure you car finance as you seem to be getting your credit profile back on track. You have a good income and a good amount of disposable income which will act in your favour. We do have one lender that helps people who are in DM plans however, you may need a small deposit. Would a deposit be an issue? You'd struggle to get a decent amount of credit with a budget £100 p/month though especially with a less than perfect credit history. How much were you thinking of borrowing?
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 10 People

Hi, I a currently on a DM Plan and my car is coming to the end of its leasing time. I would either like to buy it or get another one which cost £10,000. I have never missed a DM payment and i am in full time employment. Could I borrow the money to buy m

Asked by Jacqui
July 11, 2012

Hi Jacqui, thank you for your question. We wouldn't be able to provide a loan for you to buy your existing car as we only supply finance on cars we sell. Have you tried re-financing the car with your current leasing company? If that isn't an option we may be able to secure you finance for a new car and we could take your current car in part exchange. Please apply and we'll try our best to get you approved. As you can understand everyone's case is different and our lenders look at each individual case on their merits so i can't give a definitive answer on whether we can get you approved 100%. We do get people approved who are in debt management plans though so good luck. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

I am in a debt management plan and have been for approx 6 years. I recently got a credit card etc no probs but was one for rebuilding bad credit. Although things are tight I make my payments every month. I'd like to borrow approx £3-4k and I have my car a

Asked by Carol
July 11, 2012

Hi Carol, we'd love to be able to help but i can't promise anything until we've seen your credit history. Have you applied anywhere else online recently and been declined? If so, where? Are you employed and do you have a deposit at all? Regards, Rachel :-)
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 3 People

Hi, I currently have £1400 left to pay on my car and it's an Astra sports hatch 1.6 sxi with 61000 miles on the clock probably worth about £4500.

Asked by Robert
July 11, 2012

Hi Robert, that's great news as you have approx £3000 equity to use as a deposit. Please apply when you're ready and i'll do my best to get you accepted. Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi Rachel, I am about to enter a DMP which will take me just under two years to complete. My total debt is around £5000. Would it be possible for me to get finance to fund a car? My credit score on Noddle is currently 1/5. Would I be able to get finance

Asked by Leanne
July 11, 2012

Hi Leanne, thank you for your question. It may well be best to check with your practitioner first to see what their advice is. We can certainly help people in DMP's and your debt isn't too high so i'm reasonably confident we could get you approved. Once you have the necessary information please make an application here and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, I was in a well paid job and got made redundant just over year ago. I got another job straight away but the pay was significantly less than what I was on. I missed a lot of payments on cards and a personal loan and I have now chosen to go on a debt ma

Asked by Darren W
July 11, 2012

Hi Darren, thank you for your question. As you're currently in a DM plan do you have any live agreements for payments that you make on time each month or do all your active accounts say "defaulted" as you're in a payment arrangement? It's difficult to predict whether we'd get you approved without seeing your credit profile as each lender we deal with has different criteria. We have approved people in the past who have been in DM plans so there is a chance and £7000 isn't a huge amount (i've seen a great deal worse). Please make an application and we'll see what we can do. Thank you.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 17 People

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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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