Finding cars on finance with bad credit

If you've been told that you have poor credit, fear not. There are some finance options for motorists with bad credit out there.

Low credit scores can happen to anyone and there are countless reasons why your score might be less than perfect, so don't let this stop you from driving. At Advantage Finance, we do our best to help those with bad credit so that they can get back on the road.

Options for poor credit car finance:

Advantage Finance

Don't worry about your poor credit score, Advantage Finance won't hold that against you. There's a fast application process available which means you won't have to wait around to know if you've been approved. Thanks to our understanding credit team, we can find the right finance option to suit you.

Personal loans

A way to finance a car can be through a personal loan. You can arrange a personal loan through your bank or through a building society, and like all things finance, the amount you want to borrow and your credit history will be the deciding factor of your repayment period and interest rate. For personal loans, the monthly repayments tend to be fixed, so you always know the total amount payable. Having an unsecured personal loan actually means you own the car from the outset.

Hire Purchase (HP)

This is a type of finance agreement that provides fixed monthly repayment installments that are to be paid over a set period of time. If you choose the HP finance option, the car will not belong to you until you have made all payments, so if you're unable to make the monthly repayments, it's possible that the car could be repossessed.

Personal Contract Purchase (PCP)

A more complex version of HP is personal contract purchase which allows for lower monthly installments but required a 'balloon' payment at the end in order to keep and own the vehicle outright. Instead, the vehicle can be handed back at the end of the term with nothing more to pay.

Connect with Advantage Finance today!

Finding car loans with bad credit needn't be a pain.

At Advantage Finance, we understand that not everyone can have a perfect credit history and that there are situations that are completely out of our control that can affect our credit score.

You may have been turned down by other companies but with Advantage Finance, we're here to help you get back on the road. All you need to do is apply for car finance now and we'll see what we can do for you.

Contact our friendly team today by calling: 01472 233200 or emailing: enquiries@advantage-finance.co.uk.

© 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). www.fca.org.uk
Advantage Finance Ltd is a member of the Finance and Leasing Association www.fla.org.uk
Finance is available to UK residents only and is subject to creditworthiness and affordability assessment. Written quotations available on request.
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