• 01513639595

Bad Credit Car Finance

Car finance bad credit

 

Helping you buy a car on finance with bad credit

Socialmotors is a vehicle finance broker not a lender

Representative example: Bad Credit.

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.

What our customers think…

phil bouckley
phil bouckley
16:20 06 Mar 18
Social Motors were very friendly, helpful and conscientious in all aspects of my dealings with them. They went above and beyond what I expected of them. They actually got me a better/higher spec car than I had asked for and from a good dealer. Even after I bought the car, they checked up on me to make sure I was fully satisfied with the car. Excellent service!
Nick Wood
Nick Wood
11:29 07 Mar 18
Very impressed with swift response and friendly service. All good. 👍👍Many thanks. Will use again
ted fenlon
ted fenlon
16:08 15 Mar 18
Just had a nissan qashqai found by Ian. Absolutely amazing experience, really personal service from Dave and Ian. They make buying a car a pleasurable experience!!
Leanne Goddard
Leanne Goddard
23:44 21 Nov 17
Brilliant place helped me whenever i needed them. Would deffinately reccomend to others.Thank you for eberything.
Joe Sweeney
Joe Sweeney
18:46 17 Feb 18
See All Reviews Write a review

 

Bad Credit Car Finance

If you have struggled to pay your debts and have late payments or even defaults, your credit score may be poor, and therefore your chances of being approved for car finance may be affected. – Don’t worry could still help

What is bad credit car finance?

We have many lenders offering car finance options available to all customers, including poor credit car loans as we know it’s not always possible to maintain an excellent credit report.

So if you do have defaults, CCJ’s or mortgage arrears, you could still obtain car finance and purchase the perfect new or used car with Socialmotors. Even if you maintaining a debt management plan or have an IVA and need car finance  – We make it our job to find you the best finance package to suit you.

You may like to get a better understanding of exactly what your credit status is, if so; we recommend checking your credit report to ensure all your personal details are correct, as lenders will look at this information when reviewing your application. If you have no credit history you may see you have a bad credit status, this is because without any borrowing to your name finance companies have little information to see whether you will repay the car finance loan, meaning they may see you as a higher risk.

At Socialmotors, we are here to help and we have helped many of our customers get car finance with bad credit. And furthermore, if you keep up the repayments of your bad credit car loan and any other commitments, then you could rebuild your credit score, which may give you the ability to get a better finance package later.

How we could help

We look to exceed expectations when looking for affordable finance deals for our customers, regardless of bad credit. We help you work out exactly how much you want to spend on your new vehicle, how much your repayment will be each month and for how long you would like the term to be and we even have no deposit car finance options for you.

We cannot guarantee successful approvals, as our panel of lenders assess each applicant on their personal circumstances before approving you for a bad credit car finance deal.

Once you have been approved, you will be offered a credit limit to choose your new car along with a free no obligation quote. We will help you choose your car from any reputable dealer in the UK with your own personal advisor call whenever you need them.

Have a look at our car finance calculator to get an estimate of how much your repayments on a poor credit car loan could be.

 

Are you self employed and have struggled to get approved for car finance due to bad credit? Well, there is no need to worry, we have lenders that will consider offering people a poor credit car loan – subject to status.

 

Application Criteria.

Applying for car finance with bad credit

To be able to apply for a poor credit car loan you need to;

  • Be aged 18 or over
  • Hold a  full UK/EU driving licence
  • Be UK resident (3 years +)
  • Have a Full-time, part-time job, be self-employed
  • 100% benefits accepted (DLA/PIP)
  • Not bankrupt

Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply.

 

It only takes minutes to apply for bad credit car finance through Socialmotors, if you approved you could be driving a new car within 48 hours! Apply now

 

 

Latest updates, news and car reviews