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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Approved at CarLoan4u for finance but they want a large deposit

I have bad credit but have been approved for finance for a car from carloans4u.

However, they want £1350 deposit, for the car which costs £7988. I was looking at paying approx £500-£800 deposit and i have seen a different car that is £6488. I am just stuck with all this and don't know what to do. Can you help.

Posted by andrew mulligan on


Hi Andrew, i have a feeling i know which lender CarLoan4u have got you approved with.

However, while we do deal with lenders that ask for large deposits when lending to certain customers we do in fact have a different lending panel than Carloan4u so, there is a chance we can get you accepted with a different lender that doesn't require £1350 as a deposit.

Applying with us will not effect the approval you have in place already. Please make an application and if approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Edwin

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