Bad credit car finance

We’re a bad credit car finance direct lender that can help you get a car on finance. If you have bad credit or have been rejected by other lenders in the past, we could help.

Bad credit car finance

We’re a bad credit car finance direct lender that can help you get a car on finance. If you have bad credit or have been rejected by other lenders in the past, we could help.

Can I get car finance with bad credit?

Yes, it is possible to get approved for car finance even if you have a bad credit score. Having bad credit doesn’t mean you can’t borrow money to buy the car you need, but it may mean some lenders won’t approve you.

If you have bad credit and you are looking for a car, or if you’ve been rejected by other lenders in the past, that’s when a specialist lender like Moneybarn can help. 

We’re one of the UK’s largest providers of car finance for people with bad credit. We are specialists in helping customers get bad credit car loans and have over 30 years of experience doing so.

We may also be able to lend to you even if:

Can I get car finance with bad credit?

Yes, it is possible to get approved for car finance even if you have a bad credit score. Having bad credit doesn’t mean you can’t borrow money to buy the car you need, but it may mean some lenders won’t approve you.

If you have bad credit and you are looking for a car, or if you’ve been rejected by other lenders in the past, that’s when a specialist lender like Moneybarn can help. 

We’re one of the UK’s largest providers of car finance for people with bad credit. We are specialists in helping customers get bad credit car loans and have over 30 years of experience doing so.

We may also be able to lend to you even if:

Can I get car finance with no credit history?

Yes, Moneybarn could offer you car finance with no credit history. Having no credit history can make it more difficult to get car finance. If you’re looking for a no credit car loan, you might have to use a specialist lender.

Lenders may see people with no credit history as being a higher risk to lend to as they have no information on how well they usually handle their finances. If this is you, then the car finance offers available to you might be the same as someone who is looking for a bad credit car loan. That’s why you might have to use a bad credit car finance direct lender like Moneybarn.

You might have heard that you need to apply with a guarantor if you have bad credit. This is not always the case, and guarantor finance is less common nowadays, as specialist lenders are available. For more information, see our guide that explains what car finance with no guarantor means.

Can I get car finance with no credit history?

Yes, Moneybarn could offer you car finance with no credit history. Having no credit history can make it more difficult to get car finance. If you’re looking for a no credit car loan, you might have to use a specialist lender.

Lenders may see people with no credit history as being a higher risk to lend to as they have no information on how well they usually handle their finances. If this is you, then the car finance offers available to you might be the same as someone who is looking for a bad credit car loan. That’s why you might have to use a bad credit car finance direct lender like Moneybarn.

You might have heard that you need to apply with a guarantor if you have bad credit. This is not always the case, and guarantor finance is less common nowadays, as specialist lenders are available. For more information, see our guide that explains what car finance with no guarantor means.

How to get car finance with bad credit

We understand the importance of having a car that is reliable and trustworthy. Our expert team would be happy to help, even if you have a low credit score or have very bad credit.

How to get car finance with bad credit

We understand the importance of having a car that is reliable and trustworthy. Our expert team would be happy to help, even if you have a low credit score or have very bad credit.

To get car finance you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 20 and 75
  • A full valid UK driving licence
  • 2 consecutive months of payslips

We can provide car finance to people with poor credit as long as it meets the following criteria:

  • Financing a car from £4,000 – £35,000
  • The car can have a mileage up to 120,000 at the start of the agreement (depending on your loan offer)
  • No more than 15 years old by the end of the agreement (depending on your loan offer)

To get car finance you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 20 and 75
  • A full valid UK driving licence
  • 2 consecutive months of payslips

We can provide car finance to people with poor credit as long as it meets the following criteria:

  • Financing a car from £4,000 – £35,000
  • The car can have a mileage up to 120,000 at the start of the agreement (depending on your loan offer)
  • No more than 15 years old by the end of the agreement (depending on your loan offer)

How our bad credit car finance works

Summary

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 30.5% APR

How our bad credit car finance works

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 30.5% APR

We just needed that chance to get a new car, and Moneybarn were able to offer us that chance. We’ve never had any problems with Moneybarn, everything has been simple and easy. We would definitely use them again and are hoping to when this current agreement ends – Adam.

Moneybarn customer Adam
Moneybarn customer Adam

We just needed that chance to get a new car, and Moneybarn were able to offer us that chance. We’ve never had any problems with Moneybarn, everything has been simple and easy. We would definitely use them again and are hoping to when this current agreement ends – Adam.

Our simple 5-step application process

Our simple 5-step application process

One

Get a quote using our online application form. This should take less than 5 minutes.

Two

We run an initial soft check to check your eligibility. This will not impact your credit score.

Three

If you’re approved, browse vehicles within your budget with our vehicle finder tool.

Four

A member of our team will help you with any paperwork and search for your new car.

Five

Once your agreement is signed, we’ll pay the dealer and you can collect your new car!

One

Get a quote using our online application form. This should take less than 5 minutes.

Two

We run an initial soft check to check your eligibility. This will not impact your credit score.

Three

If you’re approved, browse vehicles within your budget with our vehicle finder tool.

Four

A member of our team will help you with any paperwork and search for your new car.

Five

Once your agreement is signed, we’ll pay the dealer and you can collect your new car!

How do I improve my bad credit score?

Fix any wrong information

Wrong information appearing on your credit report might impact your credit score. Make sure all your information is up to date and correct so that your credit history is right.

Using your credit card wisely

Try to ensure you get no late or missed payments as this will negatively impact your credit score.

Register for the electoral roll

If your name isn't on the electoral roll you will find it harder to get credit. Go to the GOV.UK website to find out how you register.

Avoid moving home often

If you move your address regularly you might find it harder to get finance and it will impact your credit score.

Tips on how to improve your credit score

Many different factors can affect your credit score and result in poor credit. For more information about your credit score or how to improve it, see our bad credit page.

How Moneybarn can help

As the UK’s leading lender of specialist car, van and motorbike finance, we’ve been supporting thousands of people up and down the country with bad credit car finance for many years. We’re motivated by our focus on achieving great customer results, and aim to make financing a car as simple and seamless as possible. 

Our hard work has earned us many major industry awards over the years. We have been highly commended for ‘Finance Provider of the Year (subprime)’ at the Car Dealer Magazine Power Awards. We were also named ‘Vehicle Finance Provider of the Year’ at the 2023 MoneyAge National Credit Awards and ‘Subprime Lender of the Year’ at the 2023 Motor Finance Europe Awards.  

We use a soft search at the point of application, which doesn’t affect your credit score. We only run a hard search once you’ve decided you’d like an agreement with us. As a vehicle finance company who want to help all their customers onto a better road ahead, we accept applications when other lenders might not. 

  • Specialise in poor credit
  • We accept IVAs
  • We accept CCJs

How Moneybarn can help

As the UK’s leading lender of specialist car, van and motorbike finance, we’ve been supporting thousands of people up and down the country with bad credit car finance for many years. We’re motivated by our focus on achieving great customer results, and aim to make financing a car as simple and seamless as possible. 

Our hard work has earned us many major industry awards over the years. We have been highly commended for ‘Finance Provider of the Year (subprime)’ at the Car Dealer Magazine Power Awards. We were also named ‘Vehicle Finance Provider of the Year’ at the 2023 MoneyAge National Credit Awards and ‘Subprime Lender of the Year’ at the 2023 Motor Finance Europe Awards.  

We use a soft search at the point of application, which doesn’t affect your credit score. We only run a hard search once you’ve decided you’d like an agreement with us. As a vehicle finance company who want to help all their customers onto a better road ahead, we accept applications when other lenders might not. 

  • Specialise in poor credit
  • We accept IVAs
  • We accept CCJs

How to apply for car finance with bad credit

We offer bad credit car finance across the whole of the UK, including Northern Ireland, so we could help get car finance near you.

To apply for car finance with bad credit, we would always suggest using our car finance calculator to start off with. This will give you an idea of what your car loan could look like, depending on what repayment term and the amount you are wanting to borrow.

When you know what you’d like to borrow and for how long, then applying for a car loan with us is simple, even if you have poor credit or little credit history.

It only takes 5 minutes to fill out our online form, and if you’d rather apply over the phone then you can just leave your contact details and we’ll call you back at a time that suits you.

If you need any help or information give our team a call on 0330 555 2505.

Frequently asked bad credit car finance questions

We may be able to offer you bad credit car finance with no deposit. If you have a deposit that you want to put towards the value of your car then we also accept that, however if you are wanting car finance for the total value of a vehicle then we could help you.

We are car finance specialists who support thousands of customers each month with their bad credit car finance needs. Helping them into a vehicle they need and onto a better road ahead.

You can get a quote in just a few minutes to see what your loan could look like with us. From there, our Direct Sales Team will help you with any further steps.

Your credit score is a three digit number which is calculated by using information from your credit report. We’ve written a guide explaining what classes as a good credit score with each of the credit reference agencies.

There are 3 main credit reference agencies (Experian, Equifax, and TransUnion), which will give you slightly different scores based on their own unique calculations.

A bad credit score means different things depending on which credit reference agency you use to look up your score, as each one has its own credit score ranges.

Find out what each credit reference agency considers a bad credit score with help from our guide – what is a bad credit score?

It’s important to understand what your credit score is from all the main credit reference agencies as different lenders will use different credit reference agencies to understand if they should lend to you.

You should also understand what factors affect your credit score so you can avoid any habits that might negatively impact it.

There are three main credit reference agencies in the UK:

  • Experian: a very poor score is 0-560, while a poor score is 561-720
  • Equifax: a poor credit score is 0-438
  • TransUnion: a very poor credit score is 0-550, while a poor score is 551-565.

The above information about credit score ranges is accurate as of June 2023.

Yes, it can but getting a quote with Moneybarn will not affect your credit score. When you ask for a quote, only a soft search will be done on your credit file until you decide to proceed with the loan and contracts are drawn up for you to sign. At this point a hard search will be done on your credit file which will affect your credit score.

Other lenders may conduct a full credit search when you initially apply for a car loan, so make sure you check this before you start shopping around for a car finance provider. Multiple full credit searches in a short space of time can indicate you’re applying for too much credit which may harm your credit score.

No – responsible lenders will always need to do a credit check when you apply. We use a soft check at the point of application. We only use a hard credit search once you’ve found the car you want, and contracts are drawn up for you to sign.

For more information please see our guide that explains why you should be wary of lenders that offer no credit check car finance.

The main types of car finance for people with bad credit include Conditional Sale (which is what we offer), PCP, HP, and leasing.

Our CS finance means that you have full use of the car while you make fixed monthly repayments. Once you make your final repayment, you will legally own the car, without having to pay a nominal fee.

With PCP and HP, there is a fee that you will need to pay to own the car at the end of the agreement. With PCP this is called the ‘balloon payment’, and with HP this is a nominal fee called the ‘option to purchase fee’.

With leasing, you’ll never own the car and will hand it back to the finance company at the end of the agreement.

For more information, see our guide that explains how car financing works, and the pros and cons of each option.

We’re a direct lender which means we could help you even if you’ve been refused by other lenders. Apply today and see if we can help you.

If you have bad credit or no credit history at all, you might have heard of lenders offering sub-prime car finance. A sub-prime car loan is a term used for a loan given to people with bad credit.

Usually, ‘prime’ means people that have good or very good credit scores. ‘Sub-prime’ means people that aren’t ‘prime’, or in other words, have poor, bad, or very bad credit.

It’s important to know that because you have bad credit, you might have a higher interest rate than someone with good credit. The benefits of sub-prime or bad credit car finance, are that it can help you get the car you need to get around. Car finance can build your credit in the long run, as long as you make your repayments in full and on time.

Just because you have no credit history or poor credit, doesn’t mean you can’t get a car on finance. No matter what your credit score is, there will be a lender out there that can help you. Get a quote today and see if we could help.

You might not have much of a credit history if you have recently entered the country or you are an expat. For more information, please see our guide that explains whether you can get car finance as an expat. Any applicant needs to have at least 3 years of UK address history to be eligible to apply with us.

How to apply for car finance with bad credit

We offer bad credit car finance across the whole of the UK, including Northern Ireland, so we could help get car finance near you.

To apply for car finance with bad credit, we would always suggest using our car finance calculator to start off with. This will give you an idea of what your car loan could look like, depending on what repayment term and the amount you are wanting to borrow.

When you know what you’d like to borrow and for how long, then applying for a car loan with us is simple, even if you have poor credit or little credit history.

It only takes 5 minutes to fill out our online form, and if you’d rather apply over the phone then you can just leave your contact details and we’ll call you back at a time that suits you.

If you need any help or information give our team a call on 0330 555 2505.

Frequently asked bad credit car finance questions

We may be able to offer you bad credit car finance with no deposit. If you have a deposit that you want to put towards the value of your car then we also accept that, however if you are wanting car finance for the total value of a vehicle then we could help you.

We are car finance specialists who support thousands of customers each month with their bad credit car finance needs. Helping them into a vehicle they need and onto a better road ahead.

You can get a quote in just a few minutes to see what your loan could look like with us. From there, our Direct Sales Team will help you with any further steps.

Your credit score is a three digit number which is calculated by using information from your credit report. We’ve written a guide explaining what classes as a good credit score with each of the credit reference agencies.

There are 3 main credit reference agencies (Experian, Equifax, and TransUnion), which will give you slightly different scores based on their own unique calculations.

A bad credit score means different things depending on which credit reference agency you use to look up your score, as each one has its own credit score ranges.

Find out what each credit reference agency considers a bad credit score with help from our guide – what is a bad credit score?

It’s important to understand what your credit score is from all the main credit reference agencies as different lenders will use different credit reference agencies to understand if they should lend to you.

You should also understand what factors affect your credit score so you can avoid any habits that might negatively impact it.

There are three main credit reference agencies in the UK:

  • Experian: a very poor score is 0-560, while a poor score is 561-720
  • Equifax: a poor credit score is 0-438
  • TransUnion: a very poor credit score is 0-550, while a poor score is 551-565.

The above information about credit score ranges is accurate as of June 2023.

Yes, it can but getting a quote with Moneybarn will not affect your credit score. When you ask for a quote, only a soft search will be done on your credit file until you decide to proceed with the loan and contracts are drawn up for you to sign. At this point a hard search will be done on your credit file which will affect your credit score.

Other lenders may conduct a full credit search when you initially apply for a car loan, so make sure you check this before you start shopping around for a car finance provider. Multiple full credit searches in a short space of time can indicate you’re applying for too much credit which may harm your credit score.

No – responsible lenders will always need to do a credit check when you apply. We use a soft check at the point of application. We only use a hard credit search once you’ve found the car you want, and contracts are drawn up for you to sign.

For more information please see our guide that explains why you should be wary of lenders that offer no credit check car finance.

The main types of car finance for people with bad credit include Conditional Sale (which is what we offer), PCP, HP, and leasing.

Our CS finance means that you have full use of the car while you make fixed monthly repayments. Once you make your final repayment, you will legally own the car, without having to pay a nominal fee.

With PCP and HP, there is a fee that you will need to pay to own the car at the end of the agreement. With PCP this is called the ‘balloon payment’, and with HP this is a nominal fee called the ‘option to purchase fee’.

With leasing, you’ll never own the car and will hand it back to the finance company at the end of the agreement.

For more information, see our guide that explains how car financing works, and the pros and cons of each option.

We’re a direct lender which means we could help you even if you’ve been refused by other lenders. Apply today and see if we can help you.

If you have bad credit or no credit history at all, you might have heard of lenders offering sub-prime car finance. A sub-prime car loan is a term used for a loan given to people with bad credit.

Usually, ‘prime’ means people that have good or very good credit scores. ‘Sub-prime’ means people that aren’t ‘prime’, or in other words, have poor, bad, or very bad credit.

It’s important to know that because you have bad credit, you might have a higher interest rate than someone with good credit. The benefits of sub-prime or bad credit car finance, are that it can help you get the car you need to get around. Car finance can build your credit in the long run, as long as you make your repayments in full and on time.

Just because you have no credit history or poor credit, doesn’t mean you can’t get a car on finance. No matter what your credit score is, there will be a lender out there that can help you. Get a quote today and see if we could help.

You might not have much of a credit history if you have recently entered the country or you are an expat. For more information, please see our guide that explains whether you can get car finance as an expat. Any applicant needs to have at least 3 years of UK address history to be eligible to apply with us.

Refused car finance

If you’ve been suffering with a bad credit history, you’re in good hands. As bad credit car finance specialists, we may be able to help those who have been rejected elsewhere. 

Car finance explained

Our guide explains how car finance works and the different types of car finance available, so you can choose the option that’s right for you.

Joint car finance

We have over three decades of experience in helping people with vehicle finance. Find out how a joint application for car finance works.