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Bad credit car finance

Are you looking for a bad credit car loan? We’re bad credit car finance specialists helping you get accepted for car finance.

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

Get a quote

Bad credit car finance

Are you looking for a bad credit car loan? We’re bad credit car finance specialists helping you get accepted for car finance.

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

Get a quote
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Can I get car finance with bad credit?

Yes you can get car finance with bad credit. Having bad credit doesn’t mean you can’t borrow money to buy the vehicle you need for finance, 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 the UK’s largest provider of car finance for people with bad credit. We are specialists in helping customers get bad credit car loans.

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

If you’re unsure whether your poor credit history may affect you in getting a car loan, contact us today to see how we can help.

Get a quote

Can I get car finance with bad credit?

Yes you can get car finance with bad credit. Having bad credit doesn’t mean you can’t borrow money to buy the vehicle you need for finance, 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 the UK’s largest provider of car finance for people with bad credit. We are specialists in helping customers get bad credit car loans.

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

If you’re unsure whether your poor credit history may affect you in getting a car loan, contact us today to see how we can help.

Get a quote

Can I get car finance with no credit history?

Yes, Moneybarn could offer you car finance with no credit history. Although having no credit history can make it more difficult to get car finance.

Lenders see people with no credit history as having bad credit 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.

The reason for this is it’s more of a risk for lenders to offer you car finance with no credit history, as they have no way of telling how likely you are to repay the finance.

Can I get car finance with no credit history?

Yes, Moneybarn could offer you car finance with no credit history. Although having no credit history can make it more difficult to get car finance.

Lenders see people with no credit history as having bad credit 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.

The reason for this is it’s more of a risk for lenders to offer you car finance with no credit history, as they have no way of telling how likely you are to repay the finance.

How to get car finance with bad credit

We understand the importance of having a car that is reliable and trustworthy. With our selection of broad finance options, we should be able to help you find the right car for you.

How to get car finance with bad credit

We understand the importance of having a car that is reliable and trustworthy. With our selection of broad finance options, we should be able to help you find the right car for you.

To get car finance you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A full valid UK driving licence
  • 2 consecutive months of payslips or bank statements

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

  • Financing a car from £4,000 – £25,000
  • Maximum of 120,000 mileage on the vehicle
  • No older than 15 years at the end of the agreement

How to get car finance with bad credit

We understand the importance of having a car that is reliable and trustworthy. With our selection of broad finance options, we should be able to help you find the right car for you.

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

  • Financing a car from £4,000 – £25,000
  • Maximum of 120,000 mileage on the vehicle
  • No older than 15 years at the end of the agreement

To get car finance you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A full valid UK driving licence
  • 2 consecutive months of payslips or bank statements

What your car loan could look like

Summary

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

Representative 33.5% APR

Get a quote

What your car loan could look like

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

Get a quote

Representative 33.5% 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
Read Adam's story
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
Read Adam's story

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 a clear 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.

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 a clear 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.

Our simple 5-step application process

Our simple 5-step application process

Get a quote using our online application or speak to our expert Direct Sales Team.

We will then run an initial soft credit check to see if we can offer you car finance. This will not impact your credit score.

If you’re provisionally accepted, we’ll be happy to discuss your options and monthly budget that you can afford based on your personal circumstances. 

We will tell you what paperwork we need from you. If you’re still looking for a car, we can help you with your search.

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

Get a quote using our online application or speak to our expert Direct Sales Team.

We will then run an initial soft credit check to see if we can offer you car finance. This will not impact your credit score.

If you’re provisionally accepted, we’ll be happy to discuss your options and monthly budget that you can afford based on your personal circumstances. 

We will tell you what paperwork we need from you. If you’re still looking for a car, we can help you with your search.

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

Get a quote today
Get a quote today

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. Most recently we were awarded ‘Sub-Prime Lender of the Year’ and ‘Independent Finance Provider of the Year’ at the Motor Finance Europe Awards 2021, and the Feefo Platinum Award 2021 and most recently we won ‘Responsible Lender of the Year’ at the Credit Awards 2022.

We only use a soft search at application, which means it won’t affect your credit score. 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. Most recently we were awarded ‘Sub-Prime Lender of the Year’ and ‘Independent Finance Provider of the Year’ at the Motor Finance Europe Awards 2021, and the Feefo Platinum Award 2021 and most recently we won ‘Responsible Lender of the Year’ at the Credit Awards 2022.

We only use a soft search at application, which means it won’t affect your credit score. 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 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 to improve your credit score

Frequently asked bad credit car finance questions

Frequently asked bad credit car finance questions

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.

No, unfortunately guaranteed car finance is a myth even if you have bad credit – it doesn’t exist. This is because a lender will never be able to guarantee you any type of finance without running the appropriate affordability and credit checks. Only once they have done these checks will they be able to tell you for definite that you can get car finance.

We can 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.

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 struggling to get approved for finance which may harm your credit score.

Your credit score is a three digit number which is calculated by using information from your credit report.

There are 3 main credit reference agencies, which will give you slightly different scores based on their own unique calculations.

We’ve written a guide to help you understand if you have a good or bad credit score.

A “good” or “bad” credit score means different things depending on which agency you use to look up your score, as each one has its own criteria.

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.

The credit reference agencies have their own score ranges for what they consider poor or bad:

  • Experian: a very poor score is 0-560, while a poor score is 561-720.
  • Equifax (ClearScore): a poor score is 0-409.
  • TransUnion (Credit Karma): a poor score is between 0-565.

The above scores are accurate as of 25 January 2023.

No – responsible lenders will always need to do a credit check when you apply. We use a soft check at the point of application. For more information please see our guide that explains why you should be wary of lenders that offer no credit check car finance.

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.

No, unfortunately guaranteed car finance is a myth even if you have bad credit – it doesn’t exist. This is because a lender will never be able to guarantee you any type of finance without running the appropriate affordability and credit checks. Only once they have done these checks will they be able to tell you for definite that you can get car finance.

We can 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.

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 struggling to get approved for finance which may harm your credit score.

Your credit score is a three digit number which is calculated by using information from your credit report.

There are 3 main credit reference agencies, which will give you slightly different scores based on their own unique calculations.

We’ve written a guide to help you understand if you have a good or bad credit score.

A “good” or “bad” credit score means different things depending on which agency you use to look up your score, as each one has its own criteria.

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.

The credit reference agencies have their own score ranges for what they consider poor or bad:

  • Experian: a very poor score is 0-560, while a poor score is 561-720.
  • Equifax (ClearScore): a poor score is 0-409.
  • TransUnion (Credit Karma): a poor score is between 0-565.

The above scores are accurate as of 25 January 2023.

No – responsible lenders will always need to do a credit check when you apply. We use a soft check at the point of application. For more information please see our guide that explains why you should be wary of lenders that offer no credit check car finance.

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. 

Refused car finance

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.

Car finance explained

How it works

We have over three decades of experience in helping people with vehicle finance. Find out how vehicle finance works with Moneybarn.

How it works

For a better road ahead

Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.

Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.

Moneybarn’s VAT registration number is 180 5559 52.

Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)

Moneybarn No. 1 Limited  is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)

sub prime-lender year award
National Credit Winner
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feefo trusted service
© Copyright 2023 Moneybarn Limited
© Copyright 2023 Moneybarn Limited

Representative example: Total amount of credit £10,451. Repayable over 58 months, 57 monthly payments of £341.17. Representative 33.5% APR (fixed). Deposit of £929.41. Total charge for credit £8,995.69. Total amount payable £20,376.10. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.