Car finance calculator for bad credit

Good credit
Bad credit
Amount to borrow:
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

Carplus will find the best car loan rate from our panel of lenders and will offer you the best possible deal. We don’t charge fees, but we earn a commission. This does not influence the APR you’re offered in any way.

We compare car finance deals for you

  • Oodle logo
  • PCF Bank logo
  • Moneybarn logo
  • Marsh logo

Guaranteed car finance is suitable for those who want to buy a new car but are worried about their creditworthiness or bad credit history. However, the claim that any car finance can be guaranteed is highly misleading as no lender can guarantee car finance or car loan without a full credit search.. Also, keep in mind that there is no such thing as guaranteed car finance without a credit check or with no deposit.

Nevertheless, Carplus specialists have access to specialized lenders. They offer car loans even to customers with not the best credit history. With us, you can get car finance with a bad credit score or poor credit history.

The APR on such loans might be higher but we know your time is valuable, so we’ve tried to make things as simple and straightforward as possible. When quoting you from one of our lenders, we will make sure the monthly repayments are as comfortable and affordable as possible.

Who makes the decision on guaranteed car finance?

Despite popular belief, no broker or dealer has any control over the car finance process. The lender himself always makes the final decision. That is why we say that no car loan is 100% guaranteed.

The decision can be influenced by what's called a scorecard, which helps the lender make sure that you can pay back the money you borrowed. This way, lenders only give money to people who they think can pay it back and therefore, guaranteed car finance is not possible.

Guaranteed car finance legislatively

False or misleading statements about consumer credit are a crime - the Consumer Credit Act of 2010 tells us that. Under this law, any dealer or broker who uses the word "guaranteed" in their advertisements breaks the law.

Advertisements should not contain the phrase ‘credit guaranteed’ - especially if there is no data about the borrower's creditworthiness. Violating this law could lead to a full FCA investigation and enforcement action.

Why choose Carplus?

First of all, you should choose Carplus because we are regulated by the Financial Conduct Authority (FCA). That way, you know you'll get the fairest deal with us.

We also compare the best car finance deals from UK’s top lenders without affecting your credit score. You will get the best possible deal with us even with bad credit without a ‘hard check’.

Our credit deals are extra flexible. We adjust our monthly payments to every budget so that you could have a car without complicating your financial situation. This applies to both used and brand-new vehicles.

Every car, van, or motorcycle that you see on the Carplus website receives a RAC-approved inspection as well as a full HPI check.

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Car finance? 1. Get car finance approved. 2. Choose any car from any dealer. 3. Get it delivered next day. We’re open Monday to Friday (8am - 8pm) and Saturday to Sunday (10am - 5pm).