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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Car Finance with a Default and bad credit

I had a default with my bank 3 years ago which is now satisfied, but since then I haven’t been able to get credit from anywhere even though I repay my bills on time every month. Any suggestions?

Posted by Lindsey on

Answer.

Hi Lindsey, thank you for your question. If you are now keeping up with your payments we should be able to get you accepted for car finance even though you have a past default. We do have a few lenders on our panel that help people with past credit issues anyway.

We obviously know each different car credit provider's criteria and so we'll be able to match up your credit profile with the right lender. As long as you have a UK licence and can prove your income (3 months payslips or bank stats) i'm confident we can get you approved.

Once accepted we provide you with a no obligation quote and you can buy a car from any dealer in the UK. Please make an application when you're ready. Kind Regards, Edwin

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Question.

Hi, I am thinking around december/jan of getting a new car. I wanted to trade my old VW golf R plate, put down £2000 deposit and take out around £3000 to £4000 finance on a new car. That is my plan, but i feel i have a problem with my credit score. My Credit score on experian currently stands at 896 with 2 defaults.Heres abit of info on the 2 defaults - 1st default of £455... date - 15/4/08 - 2nd default of £281... date 17/3/08. Now i am not sure where that will leave me come jan, will i have a chance of getting the car finance i shall need? Or will it be another pointless credit check on my report? Many thanks, Will

Posted by William Kemlo on

Answer.

Hi Will, thanks for using the Q&A. Your credit score seems quite high to me so i'm confident that we can get you approved even though you have 2 defaults on your credit profile. The defaults are only small also so the lenders may choose to ignore them when assesing the application. We can also take your part ex off you as full deposit. Please apply when you're ready and i'm sure we can get you approved as we have many lenders who accept customers with defaults. Thanks, Edwin

Posted by on

Question.

Hi, I have defaulted on several credit cards in the past and I have been paying for 3 years on a debt management plan to repay my debts. Therefore my credit history is poor, my debts are £105k , however my wife was only involved with the default with our joint bank account so no credit cards linked. We earn £3500 per month take home pay, own a house and have never not paid our bills or missed mortgage payments. Could we apply for a joint loan for a car, in the region of 6k? I also have a BMW 330d to trade in worth about £3k. Please help!

Posted by Daren on

Answer.

Hi Daren, sorry for the late reply. From what you've said it may be best for your wife to apply in her name only. Does she work and can she prove her income with payslips? If so, the £6,000 shouldn't be a problem if we can get your wife approved and we can take your BMW part exchange in swap too. Regards, Edwin

Posted by on

Question.

Hi, I had a couple of defaults on my credit file that stopped me from getting credit. There are meant to be gone by the end of this month after pending for about 6 years. Would i manage to get a car on finance with you?

Posted by Mike on

Answer.

Hi Mike, if the defaults are from over 5 years ago then i'm confident that we'll be able to get you approved as long as your current credit profile is up to date. Is this the case? Do you have a deposit, are you on the electoral roll and can you prove your income? If so, we should be able to help. Regards, Edwin

Posted by on

Question.

Hi Edwin. I have a full time permanent well paid job however, a previous account defaulted which is now paid for in full. However since the correction I haven't applied for any credit. I am looking to by a new car. Although I am also wondering what the catch is as this seems too good to be true. And what is the selection of cars like? Thanks

Posted by Sam on

Answer.

Hi Sam, we have over 300 cars to choose from and all makes and models and price ranges are catered for. Even if we don't have anything in stock for you we can source a vehicle quickly from our trade suppliers. There's no catch - we simply supply the car and the finance and we can even take your part exchange, if you have one, as full deposit. Regards, Edwin

Posted by on

Question.

Hi, I have a bad credit history with defaults that aren't yet satisfied. I have just a few months on a loan from my bank to pay off that I have not defaulted on and a store card that I have kept up to date for about 18 months. What are the chances of a car loan? My current car is falling apart and I feel i am throwing money away by repairing it. I need my car for work.

Posted by Nicola on

Answer.

Hi Nicola, from what you have said it looks like you have some bad credit and some good credit which is better than just bad. What i'd like to know is how much your default is for. If it's over £5000 we may struggle to get you approved but if it's under £5000 we may just be able to help. If approved we can also take your part ex off you and get you into a newer car in no time. Please apply and we'll try our best to get you accepted.

Posted by on

Question.

I have defaulted on a payment of £281 which i paid off in full but, i have a poor credit history because of this. I am 21 years old and am in full time employment in a good paid job yet i am unsure if i can get car finance. It will be for my first car and i was looking to put a deposit down of about £2000 on a car that is no bigger than a 1.4. I can afford a reasonably high monthly payments of up to £450 pcm and the length of the contract doesn't bother me. I was wondering if you could offer any advice on if i will be able to get a finance agreement?

Posted by James on

Answer.

Hi James, there's every chance of being approved as you're employed and have a decent size deposit - i also assume you have a valid full UK drivers licence. You have a good budget too so the only thing we need to do now is get you approved and as the default amount is relatively small we should be able to help you hopefully. Are you on the electoral roll at your current address? Edwin

Posted by on

Question.

Yes, I am on the electoral role however, I haven't been on it for long. My main concern is the credit check, I am able to show reciepts of all the rent I have payed on my flat on time and all my other bills but I was stupid when I was younger and went into my overdraft a lot missed payments for things, whereas now I only have a phone bill as I have paid everything off but it was only recently that I paid them off, do you think I should wait for my credit to improve before I apply maybe in a couple of months time?

Posted by James on

Answer.

Hi James, it won't make a massive difference to be honest. If you need a car please apply now. Have a good weekend.

Posted by on

Question.

Can you finance someone with a deafault? I found out that I have one last week when a car garage refused me finance. I am disputing the default and my credit score is 764.

Posted by Kris on

Question.

Hi, my 'W' reg Vauxhall Tigra is costing me more and more to get it through an MOT; I really need a another car as I need it for work however, I have a disputed default with a fashion catalogue which has not yet been sorted and I have a couple of credit cards. One with a £1k limit on which i have now increased my minimum payments to higher monthly amount and the other one i'm just paying the minimum payment. The good news is that my bank loan will end after 2 more payments and I will be £174 better of each month, which I was thinking would purchase me a decent car. I also have an approx £500 deposit saved that I could use as a. Can you help?

Posted by Sharon Malone on

Answer.

Hi Kris, thank you for your question and the answer is Yes, we can finance people who have defaults. Your credit score seems reasonable so i'm more than confident that we can secure you finance. How much do you require and do you have a deposit or cash deposit? Lastly, are you on the electoral roll? Regards, Edwin

Posted by on

Answer.

Hi Sharon, as in Kris' circumstances above we'll be able to secure you finance as i'd imagine your default is only for a small amount with it being from a catalogue company. We can also take your Tigra as part exchange and the fact you have a £500 deposit is also great news. You seem like you have quite a bit of active credit which is great as it allows lenders to look at your payment history. Please apply and we'll get you matched with a lender that best suits your circumstances. Regards, Edwin :-)

Posted by on

Question.

Hi, I have a couple of defaults on my credit score and I am going through a debt management plan for debts that I picked up a few years ago. However I am now earning good money and I'm making regular payments to this and have never missed a payment for anything else, rent bills etc. I would be looking to borrow £3000 to go towards a new family car as we have a new baby coming so need something bigger. As i have defaults on my account, will this prevent me from taking out a loan with you? Many thanks, Darren

Posted by Darren on

Answer.

Hi Darren, we do have lenders who take people on who are in debt management plans and have defaults on their records so please apply and we'll try our best to get you approved. Obviously i can't guarantee anything until we've seen your profile as some people are a lot worse than others. Would you have a deposit at all as that would help your cause? Kind Regards, Edwin

Posted by on

Question.

Hi Edwin, I have a poor credit history which is slowy getting better. It's currently at 350 on Equifax. I have 1 default for £690 on an overdraft however, this account is now settled. I do also have a couple of late payments here and there. But for well over the last 12 months I haven't missed any payments and all my accounts that are active are up to date. I do have 2 credit cards with a combined total of just over £1k however I am making more than my minimum payments in order to close them. I am in full time employment as well. I have seen a car on fords of winsford for £3,999.00 and I am working up to getting a deposit of £600-800 depending on bills and living expenses obviously. Would I be able to get finance?

Posted by Jess on

Answer.

Hi Jess, from what you have told me i'm confident that we could get you approved with no issues. Obviously you're not going to get high street rates but you should expect between 12% and 16%. The great news is that you've had a clean bill of health for the last 12 months, you have a deposit and you're in full time employment. Please apply when you're ready. Kind Regards, Edwin

Posted by on

Question.

Hello, I have 2 default notices on my credit report which are satisfied. Will i still be able to get car finance?

Posted by Colin Moore on

Answer.

Hi Colin, as long as the defaults were under £5000 individually (and they're not related to past car finance) then we should be able to get you approved as long as you are employed and are on the electoral roll. Is this the case? Lastly do you have any form of deposit? Regards, Edwin

Posted by on

Question.

Hi Edwin, yes i have a deposit of £1000. Will it be enough? My default amounts were just over £400 each. Yes i have a full time job and i'm on the electoral roll. I was going to get a loan for £10000 i suppose this will be out of my reach will it?

Posted by Colin Moore on

Answer.

Hi Colin, thanks for the response. Great news on the deposit, job & electoral roll status. If you need £10,000 and we get you approved we'll potentially need another £750 to £1000 from you. Is this possible? Edwin

Posted by on

Question.

Hello Edwin, I'm afraid that's all the deposit i have. I wish i had more and i think you have told me what i already know in that i'm never going to get the car i want. I'm trying to get my credit history back again but i think lenders don't help in helping people like me. I'm really trying to turn my life around again and people don't understand that.

Posted by Colin on

Question.

Would I be able to get finance for around £12000 with a default on my credit history? The rest of my credit history is spotless. I have a default on my credit history through a third party. My credit score is just above 700?

Posted by Ian on

Answer.

Hi Colin, we can help you and i'm confident we can get you approved for say £7000 but not the £10,000 that you need as you only have a £1000 deposit. Lenders aren't going to start giving people £10,000 straight of the bat when you have a poor credit history. However, we can help you if you require car finance. Edwin

Posted by on

Answer.

Hi Ian, we'd be able to get you the £12,000 if you had a large enough deposit of approx £2000. Is this possible? Regards, Edwin

Posted by on

Question.

Hi, I have had a great credit score for two years. By the end of last year though, thanks to a Virgin media mistake, I was defaulted for a £111 GBP payment. I have since then, cleared everything with them. However, the credit rating is still very low due to the default being posted in my file. I currently earn about £48000 as an IT Consultant. I am looking for a loan of about £7000 for a Vauxall Corsa. Please let me know if I can apply here. I don't mind a higher rate of interest. Hope you understand how frustrating it is to earn as much as I do and still can't apply for a normal finance due to the stupid mistake from someone else.

Posted by Ab on

Answer.

Hi AB, yes - we'll be able to help as the default was only for a small amount and the fact that you say your other credit is clear. We should be able to get you approved for the £7500 you need as you earn a very good wage. Would you have a deposit and are you on the electoral roll?

Posted by on

Question.

Hi Edwin, Yes, I am willing to pay a 500 GBP deposit. I have given my name for the electoral role last month for my current address. Not sure if it is already been updated. I had been on the electoral rolls at my previous address where I stayed for the previous two years. I have done a bit of car hunting over the weekend and we have selected a Chevrolet Cruze from lookers. at GBP 10500. Though a bit more expensive than the Corsa, it is a great car and suits my needs. Can you please let me know ASAP what I need to do to discuss things further for the car finance?

Posted by Ab on

Answer.

Hi AB, the next step is for you to make an application so that we can get you approved :-)

Posted by on

Question.

Hi there, I have a default on my credit file from back in 2007 for £86.00 which I settled in April 2008 as I was out the country between this time. It is currently with the Ombusman to review as I had originally called up to pay and the company took all my details for payment. I have no other defaults or late payments but my credit score due to the default is 355. What kind of rates would I get if you could provide finance? Thanks.

Posted by Alexis on

Answer.

Hi Alexis, as the default was only for a small amount and as it was over 5 years ago now i'm confident we could get you approved. As your score is quite low the rate i'd expect you to pay would be between 12% and 16%. Are you on the electoral roll, are you employed and do you have a deposit? Edwin

Posted by on

Question.

Hi, I'm in need of a new car ASAP. I've got a default on my credit file from like 3 years ago for £900 which was a £400 overdraft plus charges. I am currently in part time work but receive top ups from tax credits so earn about £1000 a month plus my partner earns £1300 a month before tax! Would I be able to get a decent new car? Help! Thanks

Posted by Ashley M on

Answer.

Hi Ashley, i'd advise making a joint application with your partner and then we should be able to sort something out for you. The default isn't for a huge amount so i'm confident we can do something as long as you're on the electoral roll. When you have made an application please come back to me with your reference number so that i can process your application. Edwin :-)

Posted by on

Question.

My partner in 2008 got a Credit default on his account. Will this affect his chances of buying a car? He has put a note on the credit report. Will this help?

Posted by Annabel on

Answer.

Hi Annabel, the note will certainly help as it will inform lenders of how the problem occurred and what's happened since then. The one default shouldn't harm his chances of being approved now as it was 4 years ago. It may effect the rate of finance he gets offered but we should be able to get him approved with one of our lenders. Has his credit been clean since the default? Does he have a deposit and is he on the electoral roll at his current address? Kind Regards, Edwin

Posted by on

Question.

My default was with co-op. It is now paid off. It was 5 years ago when I got the default. I pay everything else on time eg mortgage and bills. I may be joined credit wise with my ex but we have been separated for 5 years. Can I get car finance?

Posted by Greg Drew on

Answer.

Hi Greg, as your default was over 5 years ago we should be able to get you credit for a new car. Are you employed and do you have a deposit? Are you on the electoral roll? If so, please apply and let me know your reference number. Edwin

Posted by on

Question.

Hi, I hope you can help me please. My partner has a poor credit rating with two default accounts from a credit card and a student overdraft. He is now working full time and is paying a bit of each month so his credit rating has improved from very poor to poor. Now he is in desperate need of a car an we do not have the money for this so car finance is the only option. He lives at his parents address and unfortunately I am a student with no income but a fair credit history. Is there any chance of him getting finance at all? We do have the option of his dad being a guarantor who has good credit rating. Thanks Michelle

Posted by Michelle on

Answer.

Hi Michelle, we do specialise in helping people who have bad credit and have had defaults in the past etc so please tell your partner to apply on our website and if his Dad could go guarantor that would strengthen his chances :-)

Posted by on

Question.

Hi Edwin. I currently have a credit score of 589; that admittedly needs some working on. There is a default on my report at the moment that has another 3 years to run. I'm looking for a loan of around 5-7 thousand. Would you deem this possible? If so what would the APR be? Many thanks.

Posted by Sam H on

Answer.

Hi Sam, we do help people with defaults on their file so the £5000 - £7000 that you need should be achievable. Are you employed, on the electoral roll and do you have a deposit of any kind? The APR you would expect if approved would vary between 12% and 18% depending upon where you get accepted. Regards, Edwin

Posted by on

Question.

Hi Edwin. Yes I am currently employed and on Ghent electoral roll; in regards to the deposit, what sort of number would we be looking at that would make things easier? I also have a car that I could part exchange with a value of between 600 and 700 pounds. Many thanks.

Posted by Sam on

Answer.

Hi Sam, that's great news. You could use your part exchange as full deposit so you would only perhaps need £100 cash to cover car tax etc. Please apply when you get chance, it only takes 2-3 minutes. Kind Regards, Edwin

Posted by on

Question.

I have a bad credit rating due to losing a business and wife leaving me. I have tried to get car finance and was offered a loan - this was in January 2012. The only problem i seem to have now is i forgot who they are now that i'm ready to buy a car. I'm in full time employment can you help? By the way someone did try to offer me a loan at 49% interest. I wasn't born yesterday.

Posted by Peter on

Answer.

Hi Peter, we'll be able to get you approved for finance but as you have a bad credit rating you will be paying more than the high street rates. It'll be a minimum of 25% if i'm being honest. Better than 49% but obviously higher than the banks for example. I'm sure you'll be aware of this though. Please apply and let me know your reference number. Have a good weekend - Edwin

Posted by on

Question.

Hi there, my credit rating is classed as very poor on Experian as I had a bit of a poor year last year due to unemployment. I have now got myself a default, significant searches on my name and recently opened new accounts. My score is roughly 350 on Experian, what is the likelihood of getting accepted finance? Thank you, Michael

Posted by Michael on

Answer.

Hi Michael, we have a chance as we have lenders who help people who have had defaults in the past however i can't promise anything. Please apply when you get a few minutes and we'll try our best to help.

Posted by on

Question.

hi Edwin you said you can use your old car as the deposit as my mot has just run out i was wondering if it would still be possible to use the car as deposit

Posted by James on

Answer.

Hi James, yes it is possible to use your car as a part exchange however without a valid MOT it will reduce the amount a dealer will give you in return. So it may be worth getting it done :) Edwin

Posted by on

Question.

I am looking to get finance as my car is getting a little worse for wear but i have a low credit rating. However I have contract phones and other things on my credit file that get paid on time every month but i have one as a default which i fell behind with couple of years ago. I am making payments every month to it but i still shows in default even though im paying it will i be able to get finance?

Posted by Michelle on

Answer.

Hi Michelle, Thanks for your post. The most important thing is that you are trying to improve your credit profile through keeping up with your payments on any active accounts. You are correct in saying that your default will still be showing on your credit profile. However lenders will be able to see that this is reducing which will help. We do deal with many lenders that will consider people with defaults so I am confident that we can help! Thanks, Edwin

Posted by on

Question.

Hi there, Me and my partner are wanting to get a new car my credit score is 745 I also have a default which ends this year which I was unaware of until I did my experian check! My partners score is 758. I wanted to get the finance on my own however if a joint application improves our chance of better finance thats is what we will go for. We have a deposit of £1,500 -£2,000. How much do u think we could get? Many thanks

Posted by Becky on

Answer.

Hi Becky, thanks for your question. Your credit score is relatively good in light of your default. On that basis I am confident that we will be able to help. It is always beneficial to put a joint application through so our underwriters can assess what the best option for you would be and if necessary remove one applicant in order to gain the best acceptance. With regards to the amount I would be looking to put you with one of our sub-prime lenders who will lend up to £25k. However you would require a deposit. I hope I have answered your question. Thanks, Edwin

Posted by on

Question.

Hi, i'm looking for £10k finance for a car i have a £3000 deposit to put down. I earn £38k a year but have 3 settled defaults on my credit history. What are the chances of me getting accepted ?thanks

Posted by Barry on

Answer.

Hi Barry. Thanks for using the Q&A. If the defaults are settled then i'm confident that we'll be able to get you approved as long as any active credit you have is up to date. It will help if you are registered on the electoral roll and have some form of deposit, however this may not be required. Please make an application so we can try our best to place you with one of our lenders

Posted by on

Question.

Hi my credit rating is 867 with 3 defaults. I have a £2000 deposit. I'm looking to get a £15000 loan for 48 months but just wondering if this will be possible ?

Posted by Elliot on

Answer.

Hi Elliot. Thank you for using our Q&A. Your credit score is actually quite good in light of your defaults. How much are the defaults for? are they reducing? We do deal with a number of lenders who will finance customers who have previously experienced credit issues so we should be able to help. Please put an application through when you are ready. Thanks, Edwin

Posted by on

Question.

Hi, I have a good credit score of 920, but I have defaults on my record from 3 years ago. I was looking to buy a car for around 7500 on HP. Will a company accept me based on the fact I have a good rating but defaults? Thanks.

Posted by Ben on

Answer.

Hi Ben, luckily there are lenders that we deal with who will finance customers with previous defaults. However you are more likely to gain an acceptance if you are trying to reduce these defaults as this shows the lenders your intent to improve your profile. Please make an application so we can take a look at your profile and place you with one of our lenders. Kind regards Edwin

Posted by on

Question.

Hi Edwin, thanks for that. My only other concern is that I would not have a deposit to put down, is this likely to be an issue?

Posted by Ben on

Answer.

Hi Ben, it is a possibility. Due to your adverse previous credit we would be looking to place you with one of our subprime lenders, however some do require a deposit. The deposit required largely depends on how well the car is priced. You would need to make an application in order for us to state what/if you would need a deposit. Thanks, Edwin

Posted by on

Question.

Hi, i have a very poor credit score of 292 due to having 6 defaults on my report and 1 ccj all which were included in my bankruptcy in 2011. I'm now discharged from my bankruptcy for over a year and earning £1100 after tax and have a small balance credit card and catalogue that im using to build my credit back up - i'm up to date with these always. I'm also on the electoral register for my existing address and hold a full drivers licence. Is it possible to get finance for a car?

Posted by Adele on

Answer.

Hi Adele, thank you for your question. If i'm honest it'll be tough to get you approved for car finance as you were only discharged within the last 12 months or so and 6 defaults seems pretty severe. You now tick the boxes in terms of building your credit score back up and being on the electoral register so we can certainly give it a shot but i can't promise anything. Have you applied anywhere else yet? Edwin

Posted by on

Question.

Yes, i'm waiting on a reply from Arnold Clark. I applied with confidence as my credit report was 809 as i thought i had built it up as my report started off at 600 odd and out of the blue over night it plummeted to 282 the day after i made my application as none of my defaults showing. All off them are from 2008 i was young and reckless i now know how important my credit report is and trying to improve this.

Posted by Adele on

Answer.

Hi Adele, the reason your credit score may have plummeted is down to the number of searches made against your name from lots of different finance companies when you submitted your application to Arnold Clark. Could you find out which finance companies they submitted you too - i may then be able to tell you whether we'd have a chance or not of helping. Have a good day. Edwin

Posted by on

Question.

I've spoke to experian and the reason my score has took a huge knock is they never had my defaults on my account until the other day. They also said that the accounts are showing as still open as they don't have the knowledge that i was declared bankrupt, so i have to send them my bankruptcy certificate and they will correct my experian account. I will find out who arnold clark submitted me to and get back to you. Thanks

Posted by Adele on

Question.

Hi, I'm looking to get car finance, I have a default on my credit report from 2 years ago but that is being paid back with regular monthly payments. I take home £2200/month. Would I be able to get £7,500 car finance?

Posted by Mr Owen on

Answer.

Hi Mr. Owen, we do indeed help individuals with past defaults and as you have a good income there should be no reason why we couldn't get you approved for £7500 as long as you can prove your income, are on the electoral roll, have a UK licence and have some current active credit. Kind Regards, Edwin

Posted by on

Question.

Hi, I have a credit score of 442 due to a previous default in 2009 that has been settled for about 6 months. I'm on the electoral role and in full time employment earning £22k per year. I've been working to improve my score with a credit card and pay more than the minimum payment a month.

Would i be able to have a £8000 loan approved? I also have a car for part exchange. Many thanks, Sean

Posted by S. O'donnell on

Answer.

Hi Sean, thank you for your question.

As your default has now been settled and is 3 years old i'm confident we can get you accepted. You have a good income and some current clean credit so this will aid your chances.

Please apply when you can and once approved you can choose a car from any dealer. Kind Regards, Edwin

Posted by on

Question.

Hi, I currently have car finance through Santander which is due to end in six months after four years of payments. I have never missed a payment during this period and I am now seeking a newer vehicle.

I want to spend about £15k on a new car but with defaults on my credit report from 4 years ago. I would like to know if you think I may have a chance of obtaining credit from the same lender? Thanks, Wayne

Posted by Wayne Didcote on

Answer.

Hi Wayne, thank you for your question.

In all honesty i don't think Santander will offer you a new finance agreement if you have visible defaults on your credit profile. You can certainly try though.

If you get refused i am confident we can help though as you have a clean HP agreement and haven't had any credit issues recently. Once approved with us we provide a no obligation quote and you can choose a car from any dealer. Please make an application when you're ready. Kind Regards, Edwin

Posted by on

Question.

Hello my credit history is very bad currently at 415. This is due to payments being missed in the past.

However, I have had a secure job for the past 8 months which pays a reasonable monthly wage. I am also trying to get on the voting register too as I am not currently on there.

Would I still be able to get a car on HP as I desperately need a car for work?

Posted by Ahmed on

Answer.

Hi Ahmed, thank you for your question.

As you have a job paying a decent salary we could potentially get you accepted for car finance. We do have lenders that help people with bad credit get car finance but we can't guarantee an approval until we've seen your credit profile.

Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Edwin

Posted by on

Question.

Hi,

I've got a default on my experian file from 2012, which is now settled. I'm currently trying to get the company to remove it but it looks like they won't budge, long story. Default amount is £78. No other blemishes on my file and a score of 777. I'm on the electoral role, full employment and earn circa £28k. Roughly what APR would I be looking at?
Thanks in advance.

Posted by Scott Mcpartlin on

Answer.

Hi, Scott, thank you for your question!

Your credit isn't too bad, and you have a steady employment which is great! If you use our car finance calculator, a rough estimate of APR would be 14.5%, however this would vary depending on your current circumstances and the lender you are allocated to. We do have lenders that have helped people like yourself with fair credit secure finance at competitive reates before, so we can try our very best to help!

please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Edwin

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