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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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£150 per month car payment

Hi there, I'm looking to get a car on finance that can be affordable for me monthly no more then £150 a month. I don't mind putting £1000 deposit into the deal either.

However, my credit scoring is very poor. I'm not on the electoral roll but i work full time and I have two job. Do you think I could get a car on finance?

Posted by Jean Paul on


Hi Jean, I hope you are well. We do have many lenders on our panel who specialise in helping people with bad credit, so we should be able to help you to secure finance.

Having a good deposit, such as your own, will benefit your application. £150 per month would get you approximately £4250 over 4 years (more over 5 years obviously). The typical APR for people with bad credit is approximately 33.9%. As long as you can prove your income, have a full UK licence and have some current clean credit at your current address we should be fine.

Please apply when you get chance. Kind Regards, Edwin

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Hi, my mum wants to buy a car for me though finance with a budget of £150 per month. Is this possible if she doesn't hold a driving licence? Thank you, Graham

Posted by Soniagraham on


Hi Graham, thank you for your question.

Is there any particular reason you think you would not be able to secure finance yourself? I ask this as your mum shouldn't be taking out finance for you. This would be classed as an 'accommodation deal' and many finance providers state in the contract that the person signing the agreement must be the registered owner/keeper and the main driver too.

We work with a number of lenders that can help those with poor credit, so if this is putting you off applying, we may still be able to help. Your mum could also act as your guarantor on a finance agreement, should this be of interest to you. Please apply when you're ready. Kind Regards, Edwin

Posted by on


Hi there, I'm looking to get a new car soon. I have around £1000 deposit and a 2004 Megane sports tourer that I could also trade in if possible.

I have a budget of £150 a month, have a poor-fair credit score and have a really good income. What kind of options do I have if any? Thanks, Alan

Posted by alan on


Hi Alan, thank you for your question.

We do have lenders on our panel that help people with past credit issues and as you have a large deposit and a healthy income, we should be able to help you with car finance. There are no guarantees as i'm sure you can appreciate, however we'll certainly try our best.

Please make an application when you are ready. If 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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