Car Finance

Car Loans | CarFinance 247
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No impact on your credit score
Rates from 19.9% APR. Representative APR 27.4%
Car Loans | CarFinance 247
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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.

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.

Does CarFinance 247 offer guaranteed car finance?

No, we can’t offer guaranteed car finance.

Why not? It doesn’t exist! And if you’ve come across a company that says they can guarantee you car finance, we’d advise treading carefully.

Here at CarFinance 247, we work with a panel of lenders and each one has set criteria that must be met for them to approve a loan. These rules are in place to make sure that your car finance deal is right for you and your current circumstances.

Guaranteed Car Finance for Bad Credit

Thanks to our panel of lenders, we can look to find finance for people with a variety of different credit profiles, including those with bad credit. We might even be able to help if you’ve been refused elsewhere!

While we can’t guarantee that we’ll secure you bad credit car finance, we work with lenders that specialise in finance for those with poor credit scores who may be refused elsewhere.

Am I eligible for car finance?

You can apply for car finance if you’re over 18 and have a minimum of three years’ address history in the UK.

Don’t worry; we know that your credit score doesn’t tell the whole story. The lenders we worth with take several factors into account, including your employment status, income, and the type of vehicle you’re looking to buy.

How does the CarFinance 247 process work?

The car finance calculator is a great place to start. Here, you can enter how much you’re looking to borrow and how long you’d like to pay it back. The calculator will then work its magic and give you an estimate of your monthly repayments depending on your credit rating.

Then it’s time to get a quote. Complete an application online and we’ll do the rest. We’ll take your requirements to our panel of lenders, run a soft search (which won’t affect your credit score) and let you know if you’ve been approved in principle. Your dedicated account manager will then get in touch to discuss the details and help you find your dream wheels.

Does CarFinance 247 charge a fee?

No, we won’t charge you anything for arranging finance.

The car dealership might ask you to pay an administration fee or charge for optional services like delivery or valeting. Your account manager will be able to let you know if any of these fees apply when you choose your car.  

Be cautious about using companies that claim to guarantee you car finance in return for a fee.

Why come to us for car finance?

While we can’t guarantee car finance, we will work to find you the best deal from our panel of lenders. And thanks to that lending panel, we can help people with a variety of different circumstances to find finance. You’ll also be paired with a dedicated account manager who will guide you through the process, liaise with the lender and the dealer, and sort all the paperwork for you.

We’re committed to treating our customers fairly and we’ll always be open and honest with you. We’d never guarantee finance to those who could have difficulty keeping up with repayments.

If you’re looking to improve your credit score, check out our top tips here.

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Applying with us only takes a couple of minutes and won't affect your credit score

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* 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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