Can I Get Car Finance if I Have Been Declared Bankrupt?

Tim Carpenter
Written by Tim Carpenter

If you have ever been declared bankrupt then we can still help you finance a new or used car, van, motorbike or caravan / motorhome from a reputable dealership.

We work with lenders who go out of their way to help discharged bankrupts with the finance that they need. Your bankruptcy will have damaged your credit history, but you may have already begun to rebuild this, and by demonstrating that you are able to manage any such borrowing responsibly and successfully may then provide a major step forward in re-establishing your credit status.

When considering a finance application, a lender will look at a number of different factors, including your income and employment, to gauge suitability of the loan. We can help if you’re self-employed, a part-time worker, an agency worker or retired too (to name just a few different employment types).

In most cases, no deposit is required, and you can choose a vehicle from any reputable UK dealership. As we work with a large panel of lenders, we can search the market to find the best finance deal specific to your individual needs (and at the most competitive rate).

Of course, we cannot guarantee car finance. If we feel it is not in your best interests to do so, we will decline your application. It is also important to remember that failure to keep up with the repayments on any credit agreement may lead to further damage of your credit history.

If you are currently in bankruptcy, we regret we are unable to help.

Get a quote
No impact on your credit score
Rates from 6.9% APR. Representative APR 24.9%

Liked by 9 People

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 6.9%: 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 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £181.16 per month, with a total cost of credit of £4,369.52 and a total amount payable of £10,862.52.

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, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.

247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this

This site uses cookies so that we can provide you with the best user experience. By continuing to use the site you are consenting for cookies to be used. Further information on cookies and how you can disable them is available on our cookie policy.