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Car finance

Looking to get a car on finance? Seeking a car loan? See how we could help.

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Car finance

We can help walk you through the entire car finance process.
To get started you will 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

Apply for car finance

We can help walk you through the entire car finance process 

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

Get a quote

Representative 31.9% APR

How does car finance work?

A car loan is when you borrow money to cover the cost of your new car. Car finance can be a great option for many, as it gives you access to a car without having to pay a lump sum up front.

Instead you will pay back an amount each month until the cost of the finance has been paid off. But with so many options on how to get car finance, it can be hard to know the best way to do it.

Depending on the lender and the type of car finance you decide to go for you might be able to put a deposit towards your new vehicle and therefore you won’t need such a large car loan. Getting no deposit car finance depends on a number of personal factors, including credit score and affordability.

Getting a car on finance is also heavily dependent on your eligibility for the loan itself. When you get a quote your application will go through eligibility and affordability. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

The process of financing a car from beginning to end will be different depending on the lender you choose to go for. Our application process has been designed to make your financing experience as simple and easy as possible.

Trustpilot

How does car finance work?

A car loan is when you borrow money to cover the cost of your new car. Car finance can be a great option for many, as it gives you access to a car without having to pay a lump sum up front.

Instead you will pay back an amount each month until the cost of the finance has been paid off. But with so many options on how to get car finance, it can be hard to know the best way to do it.

Depending on the lender and the type of car finance you decide to go for you might be able to put a deposit towards your new vehicle and therefore you won’t need such a large car loan. Getting no deposit car finance depends on a number of personal factors, including credit score and affordability.

Getting a car on finance is also heavily dependent on your eligibility for the loan itself. When you get a quote your application will go through eligibility and affordability. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

The process of financing a car from beginning to end will be different depending on the lender you choose to go for. Our application process has been designed to make your financing experience as simple and easy as possible.

Trustpilot

What do I need to finance a car?

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
Get a quote

What do I need to finance a car?

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
Get a quote

Apply for car finance

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

Get a quote

Representative 31.9% APR

Car finance with Moneybarn

Car finance with Moneybarn

What’s the best way to finance a car? Depending on what you want there are car finance options suited to different people’s needs, but there is no one size fits all.

At Moneybarn we offer a Conditional Sale Agreement. This means that you have full use and access to the car for the term of the agreement, as long as you keep up your repayments. Although you won’t legally own the car until all repayments have been made, you will be the registered and named driver.

If you are looking to finance a car with another lender, then you could be offered a Hire Purchase, Personal Contract Purchase, personal loan or a lease. If you would like to learn more then view our guide on the types of car finance.

With a Conditional Sale car finance agreement, you won’t pay a large sum up front or at the end of the agreement. You might need to pay a deposit, but whether this is required depends on a number of factors such as affordability and credit score.

Make sure you fully understand the terms and conditions and all of the costs involved before you sign any car finance agreement. That’s why we recommend understanding how finance works, including playing around with our car finance calculator so you can understand what your agreement might look like.

Conditional Sale car diagram

What’s the best way to finance a car? Depending on what you want there are car finance options suited to different people’s needs, but there is no one size fits all.

At Moneybarn we offer a Conditional Sale Agreement. This means that you have full use and access to the car for the term of the agreement, as long as you keep up your repayments. Although you won’t legally own the car until all repayments have been made, you will be the registered and named driver.

Conditional Sale car diagram

If you are looking to finance a car with another lender, then you could be offered a Hire Purchase, Personal Contract Purchase, personal loan or a lease. If you would like to learn more then view our guide on the types of car finance.

With a Conditional Sale car finance agreement, you won’t pay a large sum up front or at the end of the agreement. You might need to pay a deposit, but whether this is required depends on a number of factors such as affordability and credit score.

Make sure you fully understand the terms and conditions and all of the costs involved before you sign any car finance agreement. That’s why we recommend understanding how finance works, including playing around with our car finance calculator so you can understand what your agreement might look like.

I would 100% recommend them to friends or family. They helped me to get my car and in return I’ve gained independence and freedom – and a car I’m proud to say is mine!

Leah
Read Leah's story
Leah
Leah

I would 100% recommend them to friends or family. They helped me to get my car and in return I’ve gained independence and freedom – and a car I’m proud to say is mine!

Leah
Read Leah's story

How much will car finance cost?

Applying for car finance and the cost of it is different for everyone. Depending on your personal circumstances such as salary, residential status, and credit score, your car finance eligibility will be different to everyone else. 

One way that can help give you a rough idea of what cost you’ll be looking at, is to use a car loan calculator. These calculators are great as they will tell you the amount you could borrow and over what period of time, as well as giving you an estimate on what APR you might be looking at.

Responsible lenders will always check that you can afford the repayments before confirming you have been accepted for the loan. It’s important to understand how the affordability process works before applying for any type of car finance as this will help you to understand what your repayments could be. You should also be wary of anyone claiming to offer car finance with no credit check.

How much will car finance cost?

Applying for car finance and the cost of it is different for everyone. Depending on your personal circumstances such as salary, residential status, and credit score, your car finance eligibility will be different to everyone else. 

One way that can help give you a rough idea of what cost you’ll be looking at, is to use a car loan calculator. These calculators are great as they will tell you the amount you could borrow and over what period of time, as well as giving you an estimate on what APR you might be looking at.

Responsible lenders will always check that you can afford the repayments before confirming you have been accepted for the loan. It’s important to understand how the affordability process works before applying for any type of car finance as this will help you to understand what your repayments could be. You should also be wary of anyone claiming to offer car finance with no credit check.

Car finance guides​

Car finance guides​

What does APR mean?

Annual Percentage Rates (APR) get added on to all loans, make sure you know what this means for you.

What does APR mean?
Why you might be refused car finance

There are many reasons why you can be refused car finance. Here we explain why and what you can do.

Refused car finance
Car finance explained

We’ve detailed the advantages and disadvantages of all the different types of car finance available to help you make your choice.

Car finance explained
Get the right car for you

With so many different cars on the market, how do you know what car you should be buying?

Deciding your car
What does APR mean?

Annual Percentage Rates (APR) get added on to all loans, make sure you know what this means for you.

What does APR mean?
Why you might be refused car finance

There are many reasons why you can be refused car finance. Here we explain why and what you can do.

Refused car finance
Car finance explained

We’ve detailed the advantages and disadvantages of all the different types of car finance available to help you make your choice.

Car finance explained
Get the right car for you

With so many different cars on the market, how do you know what car you should be buying?

Deciding your car

What type of cars can I get finance for?​

When you apply for car finance it’s important to check that the lender will finance the type of car you want. All lenders, including us, will have a lending criteria. This details what the car and dealership need to be in order for us to finance the vehicle.

We finance a range of car brands, not just those included on our car finance brands page, but many more. We also can help you get a car loan for electric cars and hybrid cars.

We help thousands of customers into a car each month, so we know that financing a car isn’t always easy. We offer vehicle finance across the whole of the UK, including Northern Ireland, so we could help get car finance near you.

Why get car finance with Moneybarn?

Financing a car with Moneybarn means you are getting the support you need to live your life to the fullest. If you’re wanting to build your credit score or if your credit history isn’t perfect, then we want to help. We’re here for every step of your journey.

What type of cars can I get finance for?​

When you apply for car finance it’s important to check that the lender will finance the type of car you want. All lenders, including us, will have a lending criteria. This details what the car and dealership need to be in order for us to finance the vehicle.

We finance a range of car brands, not just those included on our car finance brands page, but many more. We also can help you get a car loan for electric cars and hybrid cars.

We help thousands of customers into a car each month, so we know that financing a car isn’t always easy. We offer vehicle finance across the whole of the UK, including Northern Ireland, so we could help get car finance near you.

Why get car finance with Moneybarn?

Financing a car with Moneybarn means you are getting the support you need to live your life to the fullest. If you’re wanting to build your credit score or if your credit history isn’t perfect, then we want to help. We’re here for every step of your journey.

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

We understand the importance of having a reliable car whether it’s getting to work, doing the school run or going about your daily lives. Our broad finance option should help you find the right car for you.

  • 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

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

We understand the importance of having a reliable car whether it’s getting to work, doing the school run or going about your daily lives. Our broad finance option should help you find the right car for you.

  • 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
Get a quote
Get a quote

FAQs when getting a car on finance

Everyone’s eligibility for car finance is different, because it depends on personal factors like affordability and credit score. We are specialists in helping people get car finance even if they’ve been refused by other lenders, even if you’re on benefits, are self-employed or if you have a less than perfect credit score.

We use a soft credit check at the point of application. This doesn’t leave a mark on your credit score, but helps us understand your eligibility for car finance.

If you decide you would like to enter into a car finance agreement with us, we would then conduct a hard credit search which may impact your credit score. This is only done once you decide you are ready and contracts are drawn up to sign.

If you’re still unsure then you can learn more in our guide on soft vs hard credit checks.

Yes, you can apply for car finance online. Our application form will ask you for some personal details about you and your financial situation. If you are eligible for car finance with Moneybarn you might be asked to provide proof of identity (usually a drivers licence) and two consecutive months of bank statements. But don’t worry, we can guide you through that process.

FAQs when getting a car on finance

Everyone’s eligibility for car finance is different, because it depends on personal factors like affordability and credit score. We are specialists in helping people get car finance even if they’ve been refused by other lenders, even if you’re on benefits, are self-employed or if you have a less than perfect credit score.

We use a soft credit check at the point of application. This doesn’t leave a mark on your credit score, but helps us understand your eligibility for car finance.

If you decide you would like to enter into a car finance agreement with us, we would then conduct a hard credit search which may impact your credit score. This is only done once you decide you are ready and contracts are drawn up to sign.

If you’re still unsure then you can learn more in our guide on soft vs hard credit checks.

Yes, you can apply for car finance online. Our application form will ask you for some personal details about you and your financial situation. If you are eligible for car finance with Moneybarn you might be asked to provide proof of identity (usually a drivers licence) and two consecutive months of bank statements. But don’t worry, we can guide you through that process.

Bad credit? No problem

We specialise in helping those who have been rejected by mainstream lenders. Even if you have bad credit, we may be able to help. Find out more below.

Bad credit car finance

A quick guide to car finance

We use our own criteria when deciding whether to approve someone for car finance or not, after all – you’re more than just a credit score.

How it works

The application process

Wondering if we will lend to you? Find out more about our process and how we choose who to approve for car, van and motorbike finance.

The application process

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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© Copyright 2022 Moneybarn Limited
© Copyright 2022 Moneybarn Limited

Representative example: Total amount of credit £10,849. Repayable over 57 months, 56 monthly payments of £349.13. Representative 31.9% APR (fixed). Deposit of £919.06. Total charge for credit £8,702.28. Total amount payable £20,470.34. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.