Bad credit car finance

We’re bad credit specialists helping you get accepted for car finance

Bad credit car finance

We’re bad credit specialists helping you get accepted for car finance

How to get car finance if you have bad credit

Having bad credit doesn’t mean you can’t borrow money to buy the vehicle you need, but it may mean some lenders won’t approve you.

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. We’re the UK’s largest provider of vehicle finance for people with poor credit who may have struggled to get finance elsewhere. 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.

What type of car loans do we offer?

We offer a type of car loan known as a “Conditional Sale Agreement”. This means you will be able to use your car for the length of the agreement term and it will be registered to you. However, we will be the legal owners of the car until all finance repayments have been made, and we’ll then transfer ownership to you.

No late fees

Missing a payment can be stressful enough so we don’t charge late fees.

Feefo logo

We pride ourselves on providing a service that our customers love.

Build your credit

Keeping up with your payments can help improve your credit score.

Our simple 5-step application process

Applying for a car loan with us is simple, even if you have poor credit:

  1. Apply using our online form or request a call back.
  2. 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.
  3. 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’ll also let you know the next steps to complete your application and tell you what paperwork we need from you.
  4. If you’re still looking for a car, we can help you with your search.
  5. Once the car loan is approved, we’ll pay the dealer and you can collect your new car!

 

View our bad credit car finance application process page for more details.

How long does it take to apply for a car loan?

It only takes 5 minutes to fill out our simple online form. If you’d rather do this over the phone you can just leave your contact details and we’ll call you back.

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

Does car finance affect my credit score?

Some lenders may conduct a full credit search when you apply for a car loan. This means anyone who views your credit history will know you’ve applied for car finance. 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.

When you apply, we’ll only carry out a ‘soft credit search’ with your consent. This means the initial search won’t show on your credit record. We’ll only do a full credit search later on if you decide to go ahead with the agreement.

Car calculator

Summary

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Total to repay: {{ totalToRepay | currency '£' }}
Calculated APR: {{ apr | round '1' }}%

Representative 31.9% APR

Get a quote

How do I improve my bad credit score?

Many different factors can affect your credit score and result in poor credit, but generally this will be due to a failure to stick to the terms of a credit agreement. You can do the following to improve your bad credit score:

  • Pay off outstanding finance
  • Register for the electoral roll
  • Avoid applying for new credit

You might also have a poor credit profile because you haven’t used finance or credit previously, or you’re trying to rebuild your credit score.

For more information about your credit score or how to improve it, see our bad credit page.

How we can help you get car finance

Start your application online to see how Moneybarn can help you.

How to get car finance if you have bad credit

Having bad credit doesn’t mean you can’t borrow money to buy the vehicle you need, but it may mean some lenders won’t approve you.

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. We’re the UK’s largest provider of  poor credit vehicle finance for people who may have struggled to get finance elsewhere. We are specialists in helping customers get bad credit car loans.

We may also be able to lend to you 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.

What type of car loans do we offer?

We offer a type of car loan known as a “Conditional Sale Agreement”. This means you will be able to use your car for the length of the agreement term and it will be registered to you. However, we will be the legal owners of the car until all finance repayments have been made, and we’ll then transfer ownership to you.

No late fees

Missing a payment can be stressful enough so we don’t charge late fees.

Feefo logo

We pride ourselves on providing a service that our customers love.

Build your credit

Keeping up with your payments can help improve your credit score.

Our simple 5-step application process

Applying for a car loan with us is simple, even if you have poor credit:

  1. Apply using our online form or request a call back.
  2. We will run an initial soft credit check to see if we can offer you car finance. This will not impact your credit score.
  3. 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’ll also let you know the next steps to complete your application and tell you what paperwork we need from you.
  4. If you’re still looking for a car, we can help you with your search.
  5. Once the car loan is approved, we’ll pay the dealer and you can collect your new car!

 

View our bad credit car finance application process page for more details.

How long does it take to apply for a car loan?

It only takes 5 minutes to fill out our simple online form. If you’d rather do this over the phone you can just leave your contact details and we’ll call you back.

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

Does car finance affect my credit score?

When you apply, we’ll only carry out a ‘soft credit search’ with your consent on your car finance application. This means the initial search won’t show on your credit record. We’ll only do a full credit search later on if you decide to go ahead with the agreement.

Some lenders may conduct a full credit search when you apply for a car loan. This means anyone who views your credit history will know you’ve applied for car finance. 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.

Car calculator

Summary

Monthly payment: {{ monthlyRepayment | currency '£' }}
Total to repay: {{ totalToRepay | currency '£' }}
Calculated APR: {{ apr | round '1' }}%

Representative 31.9% APR

Get a quote

Why do I have poor credit?

Many different factors can affect your credit score and result in poor credit, but generally this will be due to a failure to stick to the terms of a credit agreement. You can do the following to improve your bad credit score:

  • Pay off outstanding finance
  • Register for the electoral roll
  • Avoid applying for new credit

You might also have a poor credit profile because you haven’t used finance or credit previously, or you’re trying to rebuild your credit score.

For more information about your credit score or how to improve it, see our bad credit page.

See if we can help you get car finance

Start your application online to see how Moneybarn can help you.