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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 if I Have Poor Credit?

The only things i have going from my account are my phone bill and car insurance every month. I'm not sure if i'm on the electoral roll but i assume so as i got accepted for finance with vauxhall last year but needed a guarantor and at the time my parents refused to help me out. Is there anywhere i can check my credit rating and will doing so affect my credit in any way? Also does it make it any easier or harder if i have personal lease instead of normal finance?
Asked by Jodie
May 26, 2012
Hi Jodie, you can check your personal credit file out at Experian. You'll find them on the net with a quick Google search. Checking your credit does not have an adverse effect on your credit file. You can only take out a personal contract lease on a new or nearly new car. Is the car you want to buy in this category? If not, and you are buying a used car then you'll need car finance or a personal loan. Let me know how you would like to proceed :-)
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 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.


What can I borrow? (Loan amounts) related questions

I'm 30 years old. Having graduated and worked a few years back, I went back to studies to do medicine and due to qualify this summer. I've pretty much got a guaranteed job as an NHS doctor from this summer (starting salary around 31k). Its very secure pro

Asked by Saj
May 26, 2012

Yes! At CarFinance 247, we work with a panel of lenders that can offer loans ranging from £2,000 to £350,000.

The exact amount you’ll be able to borrow will depend on a few factors such as your credit score, employment circumstances, affordability, and the vehicle you’re looking to buy.

Your credit score is important as the more money you want to borrow, the higher the risk for the lender. Demonstrating that you’ve been able to keep up with your repayments in the past and haven’t used all the credit available to you can reassure lenders that you’ll be a responsible borrower. Even so, if you have missed payments previously and have a bad credit score, we might still be able to secure you a loan.

Affordability is a factor too. Part of being a responsible lender is ensuring that you’re not committing to a loan that you’ll struggle to pay or will mean you don’t have enough disposable income to cover your essential expenses. Car finance is a big commitment that can last for several years so affordability checks are in place to make sure you’re not signing up to a loan you can’t afford.

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, I want to take a £3500 car out on finance and pay it back over 24 months. I am currently working and earning £600 a month and living at home. I have never had a loan etc so I don't have credit. But my parents have good credit, could the finance be in

Asked by Adam
May 26, 2012

Hi Adam, with limited credit history, it may be beneficial to your application to have one of your parent's on the agreement as a guarantor. Is this an option? That way the finance and the car can be in your name and you can build up your credit profile. Please apply when you feel ready. Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

I am looking to finance a new car for £4000 over 48 months and wanted to know what the monthly payments would be? I've had finance before but have given the car to my sister who is paying the finance although it's still in my name. My income is £1400 per

Asked by Kealan Watters
May 26, 2012

Hi Kealan, thank you for your question. With a healthy monthly income of £1400, we'd be fairly confident of being able to get you approved for the £4000 needed. The amount you repay will depend upon your credit history but as a rough guide if you have a good credit history you'll be paying £100 per month over 48 months for £4000. Please make an application when you're ready and, if 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 6 People

Hi, i have recently checked my experian credit report and it's 723 (fair). I do have 3 delinquent accounts showing but have now paid off one and the other is £1400 to tmobile and £560 to barclays (both are a couple of years old and i'm now on £25k and wou

Asked by Peter
May 26, 2012

Hi Peter, as you have a good salary and are getting on top of your debts i'm pretty sure we can get you the £3000 that you require. Please apply on our site when you're ready and we'll hopefully have you approved swiftly. If approved you can choose a car from our stocklist of from a dealer of your choice. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

My car finance has been approved with yourselves but I only wanted to borrow around £2000 which I stated on the application. I received a telephone call from your team saying that you would only lend me £6000 plus to buy a car, and we have to put the firs

Asked by Melanie
May 26, 2012

Hi Melanie, thank you for your question and apologies for the delayed response. Unfortunately the lender you have been approved with does have some minimum criteria that has to be met. As they are financing the car (the asset) they need to be sure they are financing the money they are lending against a good quality car to protect their exposure. The £6000 is the minimum lend and the £400 is required but if you stretch the £6000 over 4-5 years for example you can get the same monthly payments as say borrowing the £2000 over 2 years and you can also be assured of getting a car that is perhaps still under manufacturers warranty. You can also swap your car after 2-3 years so you don't have to keep the vehicle for the full term. I hope this makes sense and i'm sorry about the current situation but we'd still love to deal with you if we can work a deal out. Have a great evening. Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hiya, I'm wondering if you can advise me. I am looking to get finance for a car in the region of £3,000. I was discharged from bankruptcy 2 years ago (sequestration). I have been employed full time for 3 months, I rent a property that I've currently lived

Asked by Martin Cahill
May 26, 2012

Hi Martin, as you get wage slips they will suffice for proof of income. Would you have a deposit at all as that would help your chances of being approved? Are you on the electoral roll and do you have a full UK licence? If so, we stand a chance but nothing can be guaranteed until we see your credit profile. Have a great day. Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

I'm after a £2500 - £3000 loan for a car and some first payment of insurance. I was turned down by my bank. I'm 19, i have had a full time job for 1 and a half years as a electrical engineer apprentice and i'm currently earning £14400 a year before tax. M

Asked by Connor
May 26, 2012

Hi Connor, we'd love to help and we'll try our best. Your age does cause some concerns but as you're only after £3000 approx we should be able to help. Just a few questions. You mention you have moved out. Are you on the electoral roll at your current address as this is important and do you have any current active clean credit registered at that address (credit card, store card, contract mobile phone, loan etc)? Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 3 People

Well, there were couple of companies like "one stop car shop" and a couple that I don't remember any more. I've applied on carfinance 24/7 and got the positive answer i needed,sent the requested documentation, but I don't know why I keep getting emails th

Asked by Russ
May 26, 2012

Hi Russ, what's your surname and i'll look into it straight away?
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 3 People

Hi, I'm 20 and want to get finance on a car worth about £8000. I've got about £1500 deposit. I have a full time job but think my credit rating may be poor due to 2 or 3 late payments on a store card. I have my car insurance and a phone bill coming out of

Asked by Jodie
May 26, 2012

Hi Jodie, as you have a large deposit and you only say you've missed a few monthly payments in the past we should be able to secure you car finance. The only thing that may go against you is your age and lack of credit. Other that the store card do you have any other form of active credit? Also, are you on the electoral roll? Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 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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