Bankrupt car finance

bankrupt car finance advice

Bankrupt car finance advice

Being declared bankrupt does not mean you cannot be approved for car finance. At Socialmotors we are able to help people who been previously declared bankrupt, obtain an affordable finance deal for a car, taxi, van, minibus, caravan or motorhome.

 

We have lenders on our panel that specialise in helping people who have been discharged bankrupt purchase an affordable finance package to suit your needs. Once you have been declared bankrupt, your credit score is severely damaged. Entering into a hire purchase agreement and demonstrating you are able to successfully manage and repay the loan , will stand you in good stead to improving your credit file.

 

Bankrupt car finance criteria

There are many factors that our lenders look at when assessing a finance application, such as; your employment status and income, to determine your suitability to take out a loan. Socialmotors can help you obtain the best car finance deal available whether you are part-time, self-employed and even if you’re retired we could still help.

 

Socialmotors car supermarket have thousands of vehicles to choose, with no deposit required. We have access to the most competitive rates of finance in the UK, giving us the ability to provide the lowest rate car loans available for your personal circumstances.

Application process

Make an application online

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.

Choose your 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.

Documents and Delivery

We will now prepare your new car for delivery and get it to you usually within 48 hours, giving you a free 12 month comprehensive warranty & 12 months MOT. Once your car arrives, if your happy you sign your finance documents.

Application Criteria

Do you meet the hire purchase car finance application criteria?

To be eligable for car finance all you need is to…

  • Be aged 18 or over
  • Hold a full UK/EU driving licence
  • Be UK resident for 3 years
  • Have a Full time, part time job, be self-employed
  • 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 for bad credit car finance.

What our customers think…

Scott Royle
Scott Royle
20:54 22 Feb 19
Really happy with my car and great service car delivered by a really nice bloke and everything felt very personal
Gayle Eaton
Gayle Eaton
12:33 01 Aug 17
Very good service very happy
kim summers
kim summers
13:30 13 Jun 19
Received my new car yesterday..... delivered all the way to Hull..... the gentleman who delivered it was very polite.....A big shout to David for all the hard work and patience finding me a nice car...... I am absolutely thrilled with it........ I would thoroughly recommend this company to anyone, David was very friendly and was helpful through the whole process from beginning to end and would hesitate to recommend this company to my family and friends, thank you 😊
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