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 7.9% APR. Representative APR 21.9%

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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 9.9%, an annual interest rate of 9.9% (Fixed) and a deposit of £0.00, the amount payable would be £136.44 per month, with a total cost of credit of £1,686.40 and a total amount payable of £8,186.40. 

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.

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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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