Can I get Car Finance with a Fair Credit Rating?

Tim Carpenter
Written by Tim Carpenter

If you have a fair credit rating, there is every possibility of you being approved for finance to buy a vehicle. In fact, we have many finance options available for those with fair credit, so we’d be hopeful of finding the right deal for you.

Working with a large panel of lenders, we are able to scour the market to find the most competitive finance option for your individual circumstances.

As well as looking at your credit history, any lender assessing a finance application will look at your income, to see evidence of a regular basic income. We can help customers with varying employment statuses, including self-employed, students and retired.

We can offer no deposit car finance, however we can accept part-exchanges or cash deposits if you have either of these available, which would then reduce the total loan amount.

It isn’t just finance for cars we can offer either – we can offer finance for van, taxi, motorhome and motorbike purchases too.

At CarFinance 247 you can choose a vehicle from any reputable dealership in the UK.

Get a quote
No impact on your credit score
Rates from 7.9% APR. Representative APR 20.7%

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Tim Carpenter
Tim Carpenter Car Finance Expert
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 7.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £6,500 over 5 years with a representative APR of 20.7%, an annual interest rate of 20.7% (Fixed) and a deposit of £0.00, the amount payable would be £168.48 per month, with a total cost of credit of £3,608.67 and a total amount payable of £10,108.67. 

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.

Can't find the right answer?

Our Manchester based team are ready to help you.

* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

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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