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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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Getting car finance while i have a bad credit record.

Hi there Edwin. I have a bad credit rating due to a CCJ and a few defaults. I have satisfied all of the above and now apart from my mortgage i am debt free.

I have been considering applying for car finance and I am wondering if there are any ways that i can improve my chances. For example if i was able to give 50% deposit would that help? Many thanks for your help. Kevin

Posted by kevin bird on

Answer.

Hi Kevin, thank you for your question and i'm positive we can help you get a car loan.

The good news is that we have plenty of lenders on our panel that help customers with a bad credit history. The bonus of you being able to place a large deposit down helps massively so that's great news. To strengthen your application for car finance you may wish to add a co-hirer to the agreement to improve our chances of success.

Either way please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Question.

Hi, my credit rating is not so good as i have a few missed payment and defaults on small loan.

I have 30% deposit for a small car loan of about £3500. What are my chances of being accepted? I have been accepted with another company but their minimum loan is more than I want.

I would just like to know who else can help before I accept. Thanks

Posted by Robert Murdoch on

Answer.

Hi Robert, thank you for your question.

The good news is that we do have lenders on our panel that help people with defaults and missed payments. The fact you have a 30% deposit is also great news. I can't see an issue getting you accepted for 3500 especially as you have been approved elsewhere.

A few lenders we deal with do have minimum lends but they tend to be circa 3000. Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Question.

Hi, i have bad credit and only could put max of about £200 deposit plus my old car into the deal.

I was accepted the other day for car finance but turned it down. Do i stand any chance of getting a loan with you? Cheers, Neil

Posted by Neil on

Answer.

HI Neil, thank you for your question.

We do have lenders on our panel that help people with bad credit so as you have a decent sized deposit i'm confident we can help get you approved.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Question.

Hi, i had a debt relief order which was discharged on 7/4/12. Could i now get finance? Best regards

Posted by Christopher Steer on

Answer.

Hi Christopher, thank you for using our Q&A.

The good news is that we do have specialist lenders who help people with past credit problems and specifically DRO's. We can't guarantee an approval but as long as you have a UK licence, are employed and have some current form of clean credit we'll have a good chance.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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