Borrowing 7500 over 5 years with a representative APR of 27.4%, an annual interest rate of 33.9% and a deposit of £0.00, the amount payable would be: £277.50 a month, with a total cost of credit of £5,920.00 and a total amount payable of £13,320.00
Please note: The cost of credit overall may be higher for this type of facility.
It can be a daunting task looking for a car finance deal that is right for you, especially when you have bad credit.
At Socialmotors, we specialise in helping our customers obtain car finance with bad credit. Even if you have been previously refused credit elswhere we may still be able to help.
We make it our mission to ensure we find you the best bad credit car finance deal we can, from our panel of market leading bad credit lenders.
When you buy a car on finance with bad credit at Socialmotors we provide you with 12 months comprehensive warranty, 12 months MOT and free delivery right to your doorstep. Giving you the ability to buy your new car from the comfort of your own home, obviously with no deposit to pay!
We understand that you need peace of mind when buying a new car, so we supply you with your very own personal account manager who will be there for you whenever you need them. Meaning there really is nothing for you to worry about at all, apart from looking forward to the arrival of your new car.
Just because you have a poor credit history does not mean you are not able to get a car loan. We will make sure we do our very best to get you a car finance deal at an affordable price to suit you. Even if you’ve had CCJs, mortgage arrears, bank defaults, bankrupt in the past or never had credit at all. Even if you’re in an IVA or debt management plan we can help you.
Apply now or call us, one of our experienced advisors will take some basic details for our lenders to review. If approved you will be offered a credit limit for your new car.
Once you have your credit limit, one of our advisors will assist you in choosing your new car from our showroom – we have over 1000 vehicles available in group stock, at this stage you will be able to discuss your needs and establish the car you want.
To be able to apply for bad credit car finance you need to;
Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply for bad credit car finance.
Get a copy of your Equifax credit report. Something you should definitely consider getting, just so you know how good or bad your score actually is.