Getting Car Finance With Bad Credit

Credit scores come in all shapes and sizes and there are a number of different things that can lower it. Each person's circumstances can vary, but we believe that if you are someone looking to better your financial situation now, and for the future, you should have the opportunity to get your dream car.

Here are some of the things that can lower your credit score:

  • Minimal credit history (you haven't taken out loans and have always paid in cash for things)
  • Shared credit with another person who had credit issues and now your file is associated with their poor credit history
  • Missed payments on other credit agreements
  • Historical CCJs
  • Historical Defaults
  • Credit Arrears

All of the above factors can cause credit scores to fluctuate significantly. However, we don't want your financial history to be the determining factor as to whether or not you get accepted for car finance. By offering a car finance option tailored specifically to those who have a credit score deemed as "bad" on paper, we can support those who may be struggling to get accepted for car finance by other finance companies.

Now And For The Future

Our bad credit car finance company is open, honest, and completely non-judgemental; we are committed to working with you, not against you. Cars play an integral part in people's lives, supporting careers, social lives, hobbies and families every single day. Without a car you can be incredibly restricted, which is why we believe everyone should have an equal opportunity to access car finance. In order to help make this happen, we take a unique approach when it comes to our car loans, taking into account a number of different factors rather than just your credit score and financial history.

How To Get Car Finance With A Low Credit Score

Although it is commonly referred to as "bad credit" or "poor credit" it's really just a low credit score that may have been created off the back of short-term financial problems. With a low credit score you may have been rejected from other car finance companies, but at Advantage Finance, we do our best to provide car finance to people with bad credit as a result of all sorts of circumstances.

Our approach is different from other finance companies, which is why you may find you get accepted with us. When it comes to providing car finance to a driver with poor credit, we don't just look at your credit history. Why? Because credit history is in the past, and we don't think you should be penalised for your past. We look at your current financial circumstances too, because that is what is important now. As long as you have a desire to improve your score and create a better financial future for yourself, it is highly likely we can help.

We know most people with past credit problems will be determined to better their credit scores, and what better way to do this than with car finance? No matter your circumstances, you can trust that our team will go above and beyond to help you get a car.

Car Finance With No Credit History

If your credit score is low, it might be because you have had problems with your finances in the past. However, in some cases credit scores are low due to a lack of credit history. Some lenders see people with no credit history as risky to lend to. No credit history can be seen as negative due to the fact that there is no real evidence that the applicant can handle their finances well. Unfortunately, this does mean that having little or no experience with credit in the past, may make it harder to get car finance, but luckily our car finance options can accommodate those with a lack of credit history.

Getting You On The Road

Investing in a safe and reliable car is important, but it can also be an ambitious financial move - which is why people opt for car finance. As a highly experienced and established car finance company, we have supported thousands of people with bad credit all over the country with car finance options. We'll work closely with you, tailoring a car finance deal expertly around your financial situation and ensuring it is always something that you can afford.

The type of car finance for bad credit we offer is HP Car Finance. Hire Purchase (HP) is a type of car loan that allows you to buy a car and pay the loan back in monthly instalments. The cost of the car is split into affordable chunks with a fixed rate of interest; once the final payment has been made, the car is yours. This type of car finance is perfect for those with low credit scores as it is flexible and can work around your own monthly budget.

Get Started

If you have a low credit score and are looking for car finance deals that won't hold your past against you, then please don't hesitate to get in touch with Advantage Finance today. With a fast application process, you'll find out quickly if you have been approved, helping you to get that one step closer to a better road ahead. Contact us today; by calling: 01472 233 200 or emailing:

© Advantage Finance Ltd 2001 - 2022. All Rights Reserved

Representative Example: Hire Purchase Agreement repayable over 48 months. Rate of Interest: 14.0% p.a. flat rate(fixed).
Vehicle Purchase Price: £7,500. Deposit: £0.00. Amount of Credit: £7,500. Acceptance Fee: £325.00. Interest Payable: £4,200.44.
Option to Purchase Fee: £200.00. Total Charge For Credit: £4,725.44. 47 Monthly Repayments Of: £250.53 Followed By 1 Final Repayment Of: £450.53
(Final payment includes Option to Purchase Fee). Total Amount Payable: £12,225.44. Representative APR:29.35%.
Hire Purchase. Terms and conditions apply. You will not own the vehicle until all payments are made.
Finance subject to status. Applicants must be aged 22 or over. Finance provided by Advantage Finance Limited.

Advantage Finance Ltd is registered in England and Wales with company number 03773673.Registered office: 2 Stratford Court, Cranmore Boulevard, Solihull, B90 4QT.
Advantage Finance Ltd is authorised and regulated by the Financial Conduct Authority (Firm reference No. 307864).
Advantage Finance Ltd is a member of the Finance and Leasing Association
Finance is available to UK residents only and is subject to creditworthiness and affordability assessment. Written quotations available on request.
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