FAQs - Checking eligibility

What credit score is needed for car finance?

Sam Wooller, Customer Experience Communications Manager
Saturday, 16 July 2022

There is no specific credit score number or rating that need to have to get car finance. This is because there are three different credit reference agencies in the UK, and each one calculates your credit score differently.

You can see below the credit score ranges that each agency uses:

  • Experian: 0-999 where 881-960 is considered good
  • Equifax (ClearScore): 0-1000 where 520-604 is considered good
  • TransUnion (Credit Karma): 0-710 where 604-627 is considered good

The higher your credit score is, the better your chances of getting car finance. Factors such as a recent change of address, missed payments or not being on the electoral roll will affect your score. It might be worth finding out if you have a good or bad credit score and what this looks like for you.

But don’t worry, if you do have bad credit it doesn’t mean that you won’t be able to find car finance. You might find it more difficult to find a lender. Improving your credit score is one of the many things you can do to increase your chances of getting car finance.