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Car finance in Portsmouth

We could help you finance a reliable car so you can get on with your daily life. In the past 12 months we’ve helped over 350 people in Portsmouth with vehicle finance.

It’s important to know that any car we finance must meet our lending criteria:

Valued between £4,000-£25,000
Have a mileage below 120,000 miles
No more than 15 years old 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

We could help you finance a reliable car so you can get on with your daily life. In the past 12 months we’ve helped over 350 people in Portsmouth with vehicle finance.

It’s important to know that any car we finance must meet our lending criteria:

Valued between £4,000-£25,000
Have a mileage below 120,000 miles
No more than 15 years old 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

Bad credit car finance in Portsmouth

We’re specialists in bad credit car finance. Even if you’ve been refused car finance by other lenders, or because you have a CCJ or IVA. We understand that your credit score doesn’t change the fact you need a car to get around.

If you’re looking for car finance with bad credit in Portsmouth and don’t know where to start, try our car finance calculator below. This will give you a clear idea of what your car finance could look like, depending on how much you are looking to borrow and over the repayment term that suits you.

If you’re ready, you can get a quote today. 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.

Bad credit car finance in Portsmouth

What your car loan could look like

Purchase Price?

Repayment term?

Your credit score is

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

Purchase Price?

Repayment term?

Your credit score is

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

Get a quote

Representative 33.5% APR

Can I get guaranteed car finance in Portsmouth?

No, unfortunately guaranteed car finance is a myth even if you have bad credit – it doesn’t exist. No responsible dealer or lender in Portsmouth will 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.

If you are looking for car finance in Portsmouth with poor credit, a specialist lender like Moneybarn may be able to help.

Most popular cars in Portsmouth

If you already know the type of car you’d like, then you could make an application today. If you’re not sure, don’t worry. We’ve picked out the top 3 car brands chosen by our customers in the South East:

Can I get guaranteed car finance in Portsmouth?

If you are looking for car finance in Portsmouth with poor credit, a specialist lender like Moneybarn may be able to help.

1st: Vauxhall

Vauxhall car finance

2nd: Ford

Ford car finance

3rd: BMW

BMW car finance

1st: Vauxhall

Vauxhall car finance

2nd: Ford

Ford car finance

3rd: BMW

BMW car finance

What to know about driving in Portsmouth

Portsmouth is a city built on an island on the South Coast of England, and therefore can be quite congested and crowded with only a few roads leading on and off the island. There are lots of one-way roads to try and help with traffic flow, but make sure to use your maps if driving through Portsmouth as they can get quite confusing. Although not as bad as some cities like Manchester, TomTom ranked Portsmouth 111^th in it’s Traffic Index for congestion, with 52 hours on average being wasted stuck in traffic every year.

As it’s a relatively small city and built on an island, it can be difficult to find a parking space in the areas of Southsea, Eastney and Old Portsmouth, the areas found south of the city.

Why apply for finance with Moneybarn?

As the UK’s leading lender of specialist car, van and motorbike finance, we help thousands of drivers every month move past their credit score. We’re motivated by our focus on achieving great customer results, and aim to make financing a vehicle 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.

What to know about driving in Portsmouth

As it’s a relatively small city and built on an island, it can be difficult to find a parking space in the areas of Southsea, Eastney and Old Portsmouth, the areas found south of the city.

Why apply for finance with Moneybarn?

Frequently asked questions

Can I get car finance with no deposit in Portsmouth?

Whether or not you can get no deposit car finance in Portsmouth depends on a number of factors. Try our car finance calculator to see what your agreement might look like, or if you’re ready then you could get a quote.

Can I get a used car on finance?

If you’re looking to get a used car on finance in Portsmouth, we may be able to help as long as it fits our lending criteria.

Does car finance affect my credit score?

When you get a quote with us, a soft search is done which does not affect your credit score. When you decide to proceed with the loan, a hard search will be done on your credit file which will affect your credit score.

What documents will I need to apply?

When you make an application, you’ll need to provide some personal details and information about you and your financial situation. If you wish to enter into an agreement then you would need to provide proof of identification (usually a drivers licence).

Further documents might be needed as part of our affordability checks. If that is the case then our team will be able to guide you through that process.

Bad credit? No problem.

If you’ve been suffering with a bad credit history, you’re in good hands. As bad credit car finance specialists, Moneybarn understand that you still need a reliable car to get to work.

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.

Buying your next vehicle

Need some car buying tips? We provide some useful areas we think you should consider – from researching to buying and then maintaining your car.

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)

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.