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Can I Get A New Car on PCP with a Bad Credit History?

Is it possible to get a brand new car on a PCP even as a discharged bankrupt of 15 months. I have a pretty poor credit history.

Asked by Robin Long

Hi Robin, getting a PCP for a brand new car maybe tricky with your credit history. What car do you want, what’s your monthly budget & how much deposit do you have?

We do have a handful of potential lenders that may be able to help you get a PCP with a bad credit history but you’d need a minimum of 10% deposit. Are your current credit accounts up to date and being paid on time? If so, please make an application when you get a minute.

If approved (there’s no guarantee at this stage) we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 232 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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