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Car finance ›
Car finance with no guarantor and bad credit
You might be wondering if you can get car finance with no guarantor when you have bad credit. We can help you get car finance without a guarantor.
Car finance with no guarantor and bad credit
You might be wondering if you can get car finance with no guarantor when you have bad credit. We can help you get car finance without a guarantor.
Showing our 4 & 5 star reviews
Showing our 4 & 5 star reviews
Do I need a guarantor for car finance?
Having a guarantor on your car finance may sound appealing if you have bad credit, but you don’t need one to get car finance. There are lenders like Moneybarn that specialise in bad credit without needing a guarantor. Needing a guarantor for car finance is less common nowadays, and if you have bad credit, we might be able to help you.
We do not offer the option of having a guarantor, because we specialise in helping people with bad credit.
Can I get car finance without a guarantor?
We have over 30 years of experience helping people up and down the UK onto a better road ahead. Just because you have bad credit doesn’t mean that you can’t get car finance, it just might make it more difficult to get approved.
We offer a Conditional Sale agreement. This is where we pay the dealership for your new car, and you make monthly repayments until the finance is paid off. This means you have full use of the car and are responsible for maintaining it, but you won’t legally own it until you make your final repayment.
When you know what you’d like to borrow and for how long, applying with us should be quick and easy, even if you are worried that you have really bad credit. We use a soft credit check which doesn’t affect your credit score.
It should only take 5 minutes to fill out our online application, and it will give you an instant decision as to whether or not we can help.
Do I need a guarantor for car finance?
Having a guarantor on your car finance may sound appealing if you have bad credit, but you don’t need one to get car finance. There are lenders like Moneybarn that specialise in bad credit without needing a guarantor. Needing a guarantor for car finance is less common nowadays, and if you have bad credit, we might be able to help you.
We do not offer the option of having a guarantor, because we specialise in helping people with bad credit.
Can I get car finance without a guarantor?
We have over 30 years of experience helping people up and down the UK onto a better road ahead. Just because you have bad credit doesn’t mean that you can’t get car finance, it just might make it more difficult to get approved.
We offer a Conditional Sale agreement. This is where we pay the dealership for your new car, and you make monthly repayments until the finance is paid off. This means you have full use of the car and are responsible for maintaining it, but you won’t legally own it until you make your final repayment.
When you know what you’d like to borrow and for how long, applying with us should be quick and easy, even if you are worried that you have really bad credit. We use a soft credit check which doesn’t affect your credit score.
It should only take 5 minutes to fill out our online application, and it will give you an instant decision as to whether or not we can help.
How to get bad credit car finance with no guarantor
We understand how important it is to get a car that is reliable and trustworthy. Even when you have very bad credit, it doesn’t change the need to get around, whether to commute to work, or take the children to school.
How to get bad credit car finance with no guarantor
We understand how important it is to get a car that is reliable and trustworthy. Even when you have very bad credit, it doesn’t change the need to get around, whether to commute to work, or take the children to school.
To get started with 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
If you have a particular car in mind that you’d like to finance, great! Make sure it fits our lending criteria. If not, then don’t worry, our team would be happy to guide you through the process.
We can provide car finance for cars that fit our lending criteria:
- Between £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 started with 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
If you have a particular car in mind that you’d like to finance, great! Make sure it fits our lending criteria. If not, then don’t worry, our team would be happy to guide you through the process.
We can provide car finance for cars that fit our lending criteria:
- Between £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)
Because of my CCJ, my credit score was affected massively and I just thought I wouldn’t be able to get a car on finance as nobody would accept me. I’ve seen my credit score increase since I started my agreement with Moneybarn, and I can’t recommend them highly enough – Darren.
Because of my CCJ, my credit score was affected massively and I just thought I wouldn’t be able to get a car on finance as nobody would accept me. I’ve seen my credit score increase since I started my agreement with Moneybarn, and I can’t recommend them highly enough – Darren.
Getting car finance without a guarantor
Getting car finance without a guarantor
Applying for car finance can be exciting, but it’s important to fully understand how it works before you make an application. To the right is a diagram that shows how CS finance works.
Your eligibility will be different to everyone else. This is because we consider your personal circumstances to understand if finance is affordable for you.
Some factors that we check include:
- Income
- Address history
- Credit file
Responsible lenders will always make credit checks to make sure you can afford car finance. Some lenders use a hard check at the point of application, which will affect your score.
Our online application uses a soft credit check. This doesn’t affect your score and will tell you whether we can help you. We only use a hard check once you decide you’d like an agreement with us.
Applying for car finance can be exciting, but it’s important to fully understand how it works before you make an application. To the right is a diagram that shows how CS finance works.
Your eligibility will be different to everyone else. This is because we consider your personal circumstances to understand if finance is affordable for you.
Some factors that we check include:
- Income
- Address history
- Credit file
Responsible lenders will always make credit checks to make sure you can afford car finance. Some lenders use a hard check at the point of application, which will affect your score.
Our online application uses a soft credit check. This doesn’t affect your score and will tell you whether we can help you. We only use a hard check once you decide you’d like an agreement with us.
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.Â
Our hard work has earned us many major industry awards over the years. Our most recent 2023 awards include ‘Vehicle Finance Provider of the Year’ at the MoneyAge National Credit Awards, ‘Subprime Lender of the Year’ at the Motor Finance Europe Awards, and highly commended for ‘Finance Provider of the Year (subprime)’ at the Car Dealer Magazine Power Awards.Â
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 that wants to help all its customers onto a better road ahead, we accept applications when other lenders might not, including:
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.Â
Our hard work has earned us many major industry awards over the years. Our most recent 2023 awards include ‘Vehicle Finance Provider of the Year’ at the MoneyAge National Credit Awards, ‘Subprime Lender of the Year’ at the Motor Finance Europe Awards, and highly commended for ‘Finance Provider of the Year (subprime)’ at the Car Dealer Magazine Power Awards.Â
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 that wants to help all its customers onto a better road ahead, we accept applications when other lenders might not, including:
- People with poor credit
- IVAs
- CCJs
- Self-employed
- Little or no credit history
- Bankruptcy (after 6 years)
- People claiming benefits
- Refused by mainstream lenders
- People with poor credit
- IVAs
- CCJs
- Self-employed
- Little or no credit history
- Bankruptcy (after 6 years)
- People claiming benefits
- Refused by mainstream lenders
FAQs about car finance with no guarantor needed
Can I get car finance with no guarantor and no credit check?
If you have bad credit you might have heard of the idea of no credit check car finance. This doesn’t exist.
Lenders must ensure that finance is affordable before they offer it to you. Some lenders including Moneybarn use a soft credit check at the point of application, which doesn’t affect your score. Others use a hard credit check, which does affect your score.
For more information about the differences between the two, check out our guide to soft checks and hard checks.
How do I apply for car finance with no guarantor and no deposit?
Whether or not you can get car finance with no deposit depends on your affordability and other personal circumstances.
In some cases, you may be required to make a deposit to be eligible for car finance. If that is the case, our team would be happy to discuss your options.
Can you get car finance on benefits with no guarantor?
Yes, you can get car finance on benefits without a guarantor. Your monthly income must be at least £1,000 after tax.
For more information on which benefits we accept, see our guide to car finance on benefits.
Is there guaranteed car finance with no guarantor?
No, guaranteed car finance is a myth and does not exist, with or without a guarantor. You should be cautious of anyone claiming to offer this.
Everyone’s eligibility for car finance is different, so no responsible lender can claim it can be guaranteed. For more information, please see our guide that explains why guaranteed car finance is a myth.
FAQs about car finance with no guarantor needed
Can I get car finance with no guarantor and no credit check?
If you have bad credit you might have heard of the idea of no credit check car finance. This doesn’t exist.
Lenders must ensure that finance is affordable before they offer it to you. Some lenders including Moneybarn use a soft credit check at the point of application, which doesn’t affect your score. Others use a hard credit check, which does affect your score.
For more information about the differences between the two, check out our guide to soft checks and hard checks.
How do I apply for car finance with no guarantor and no deposit?
Whether or not you can get car finance with no deposit depends on your affordability and other personal circumstances.
In some cases, you may be required to make a deposit to be eligible for car finance. If that is the case, our team would be happy to discuss your options.
Can you get car finance on benefits with no guarantor?
Yes, you can get car finance on benefits without a guarantor. Your monthly income must be at least £1,000 after tax.
For more information on which benefits we accept, see our guide to car finance on benefits.
Is there guaranteed car finance with no guarantor?
No, guaranteed car finance is a myth and does not exist, with or without a guarantor. You should be cautious of anyone claiming to offer this.
Everyone’s eligibility for car finance is different, so no responsible lender can claim it can be guaranteed. For more information, please see our guide that explains why guaranteed car finance is a myth.
Refused car finance
We specialise in helping people who have been turned down for car finance. Find out some of the common reasons and how we could help you.
Car finance explained
Buying a new car is exciting but also stressful. With so many different things to worry about, we’ve written a guide to explain how financing works.
Bad credit explained
There are lots of reasons why you might have bad credit, and it’s important to understand how it affects you and your ability to get finance.
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)
