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Car finance ›
Instant decision car finance
If you need a new car quickly, you won’t want to wait to find out if you’ve been approved for finance. Find out how you can get an instant decision for car finance.
Instant decision car finance
If you need a new car quickly, you won’t want to wait to find out if you’ve been approved for finance. Find out how you can get an instant decision for car finance.
Showing our 4 & 5 star reviews
Showing our 4 & 5 star reviews
What is instant decision car finance?
Instant decision car finance is when you apply for car finance and the lender gives you a decision within 60 seconds.
This means that when you get a quote for car finance, we’ll instantly let you know if you’re approved. Applying won’t affect your credit rating because we only use a soft credit search at the point of application.
When you decide you want a car finance deal with us, we’ll use a hard credit search, which will affect your credit score.
We’re a direct lender. When you get a quote, we’ll give you an instant decision for 1 of 3 outcomes:
- You’re approved, in which case you’ll be shown what your agreement might look like and can use our handy vehicle finder tool to browse cars that fit your budget
- You’re approved in principle, which means we’ll need some more documents to confirm your application. Our expert team will be in touch to guide you through the process
- You’re declined. Read our car finance blog for things that might improve your approval chances
Can I get instant decision car finance online?
Getting a quote online takes less than 5 minutes and will give you an immediate decision.
When you apply, we’ll ask for the following information:
- Personal information, like your name, date of birth, and marital status
- Employment, e.g. your employment status, employer, and job title. We will never contact your employer
- Income, your net monthly income (what you make each month after tax) helps us understand your affordability
- Address history, your current address and 3 years of UK address history
- Contact details, e.g. your mobile number and email address, so we can get in touch if you’re approved
You’ll then get an instant decision about whether we can help and how much we could lend you.
What is instant decision car finance?
Instant decision car finance is when you apply for car finance and the lender gives you a decision within 60 seconds.
This means that when you get a quote for car finance, we’ll instantly let you know if you’re approved. Applying won’t affect your credit rating because we only use a soft credit search at the point of application.
When you decide you want a car finance deal with us, we’ll use a hard credit search, which will affect your credit score.
We’re a direct lender. When you get a quote, we’ll give you an instant decision for 1 of 3 outcomes:
- You’re approved, in which case you’ll be shown what your agreement might look like and can use our handy vehicle finder tool to browse cars that fit your budget
- You’re approved in principle, which means we’ll need some more documents to confirm your application. Our expert team will be in touch to guide you through the process
- You’re declined. Read our car finance blog for things that might improve your approval chances
Can I get instant decision car finance online?
Getting a quote online takes less than 5 minutes and will give you an immediate decision.
When you apply, we’ll ask for the following information:
- Personal information, like your name, date of birth, and marital status
- Employment, e.g. your employment status, employer, and job title. We will never contact your employer
- Income, your net monthly income (what you make each month after tax) helps us understand your affordability
- Address history, your current address and 3 years of UK address history
- Contact details, e.g. your mobile number and email address, so we can get in touch if you’re approved
You’ll then get an instant decision about whether we can help and how much we could lend you.
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 finance cars that meet our lending criteria:
- Priced between £4,000 and £35,000
- Up to 120,000 miles on the clock
- No older than 15 years by the end of the agreement
- Read more about our lending criteria
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 finance cars that meet our lending criteria:
- Priced between £4,000 and £35,000
- Up to 120,000 miles on the clock
- No older than 15 years by the end of the agreement
- Read more about our lending criteria
Can I get an instant decision for bad credit car finance?
We specialise in bad credit car finance and have over 30 years of experience helping people get the car they need.
So, if you have a poor credit score or a less-than-perfect credit history, get a quote online today and you’ll get an instant decision.
We could help even if you:
Can I get an instant decision for bad credit car finance?
We specialise in bad credit car finance and have over 30 years of experience helping people get the car they need.
So, if you have a poor credit score or a less-than-perfect credit history, get a quote online today and you’ll get an instant decision.
We could help even if you:
- Have missed payments in the past
- Need car finance with an IVA (Individual Voluntary Agreement)
- Have a CCJ and need car finance
- Are self-employed and need car finance
- Have arrears or an overdraft
- Are receiving benefits and need car finance
- Have experienced bankruptcy in the past
- Have had a DRO or DMP
- Have missed payments in the past
- Need car finance with an IVA (Individual Voluntary Agreement)
- Have a CCJ and need car finance
- Are self-employed and need car finance
- Have arrears or an overdraft
- Are receiving benefits and need car finance
- Have experienced bankruptcy in the past
- Have had a DRO or DMP
Join thousands of monthly customers like Jennifer
“Everyone I know struggles to get credit, and I had been refused finance before. So, when I needed a bigger car, Moneybarn were brilliant. They helped me get the car of my dreams” – Jennifer.
Join thousands of monthly customers like Jennifer
“Everyone I know struggles to get credit, and I had been refused finance before. So, when I needed a bigger car, Moneybarn were brilliant. They helped me get the car of my dreams” – Jennifer.
What type of car finance does Moneybarn offer?
We offer Conditional Sale (CS) car finance agreements, meaning you will legally own the car when you make your last monthly payment with no balloon payment or fee needed!
While you’re making payments, you’ll be the car’s registered keeper. So, you’ll be responsible for maintaining and servicing the vehicle, but you’ll have full use of it with no mileage restrictions.
Read our guide to learn more about the registered keeper of a car on finance.
How does instant decision car finance work?
We’re here to help you get a car on finance, so you can move towards a better road ahead. If you want to build your credit score or improve your credit history along the way, we’re here for every step of your journey.
What type of car finance does Moneybarn offer?
We offer Conditional Sale (CS) car finance agreements, meaning you will legally own the car when you make your last monthly payment with no balloon payment or fee needed!
While you’re making payments, you’ll be the car’s registered keeper. So, you’ll be responsible for maintaining and servicing the vehicle, but you’ll have full use of it with no mileage restrictions.
Read our guide to learn more about the registered keeper of a car on finance.
How does instant decision car finance work?
We’re here to help you get a car on finance, so you can move towards a better road ahead. If you want to build your credit score or improve your credit history along the way, we’re here for every step of your journey.
1
Get an online quote in under 5 minutes. We use a soft check at the point of application, which won’t impact your credit score and provides an instant decision.
2
If you’re approved, use our Vehicle Finder to find your dream car. Our friendly experts will be on hand to help with the search, so you can get onto a better road ahead.
3
We’ll help you with providing any paperwork and signing your agreement. Once your agreement is finalised, we’ll pay the dealership and you can collect your new car!
1
Get an online quote in under 5 minutes. We use a soft check at the point of application, which won’t impact your credit score and provides an instant decision.
2
If you’re approved, use our Vehicle Finder to find your dream car. Our friendly experts will be on hand to help with the search, so you can get onto a better road ahead.
3
We’ll help you with providing any paperwork and signing your agreement. Once your agreement is finalised, we’ll pay the dealership and you can collect your new car!
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK's leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK’s leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
How can I speed up the car finance process?
Knowing how car finance works and what you need when applying can speed up the process by avoiding unnecessary delays. Check out our guides that explain the process in more detail.
How can I speed up the car finance process?
Knowing how car finance works and what you need when applying can speed up the process by avoiding unnecessary delays. Check out our guides that explain the process in more detail.
What do I need when applying?
Preparing your documents can avoid delays if you’ve not applied for car finance before. Find out more by clicking the button below.
How long does it take to be approved?
If you’re approved, you’ll want to know how long it takes to get your new car on finance. Click the button below to find out more.
How hard is it to get approved?
We can’t guarantee that you’ll get approved for car finance. The process depends on many factors, which we explain in our blog.
Can I get car finance with no credit check?
You might have heard people say you can get car finance without a credit check, but this doesn’t exist. Find out more by clicking the button below.
What do I need when applying?
Preparing your documents can avoid delays if you’ve not applied for car finance before. Find out more by clicking the button below.
How long does it take to be approved?
If you’re approved, you’ll want to know how long it takes to get your new car on finance. Click the button below to find out more.
How hard is it to get approved?
We can’t guarantee that you’ll get approved for car finance. The process depends on many factors, which we explain in our blog.
Can I get car finance with no credit check?
You might have heard people say you can get car finance without a credit check, but this doesn’t exist. Find out more by clicking the button below.
Car brands
With so many options, finding the right car might be stressful. But not to worry! We’ve written some guides to each of the most popular brands we can finance.
Our application process
Before applying for any kind of car finance, it’s important to understand how it works. Find out how our application process works by clicking the button below.
Car finance on benefits
If you’re receiving benefits, you might wonder if this stops you from getting car finance. This isn’t the case. Find out which benefits we accept by clicking the below button.
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)
