How car finance works

1.

Get car finance

Get a no deposit car finance approved without affecting your credit score.

2.

Choose your car

Choose any car from any reputable dealer and we will finance it for you.

3.

Delivery or collection

Collect or get the car delivered to you with a 14 day return guarantee.

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

At Carplus, we understand it can be tricky applying for car finance if you are worried it may potentially leave a bad mark on your credit file. That is why we do “no credit check car finance”, which allows you to quickly find out if you can borrow money without affecting your credit rating. This type of credit check will look at things like your employment status, income and expenditure, and current credit commitments with no damage to your credit.

You can get car finance without a credit check

Bad credit is likely to mean that you struggled to manage your debts in the past and may have been late in making the relevant repayments when they were due. No credit probably means that you have had County Court Judgments (CCJs) against you in the UK, perhaps entered an Individual Voluntary Arrangement (IVA) with your creditors, or even been declared bankrupt.

This is enough to make many lenders cautious in the extreme about arranging further car loans — with the result that you may have had applications turned down. This is the time when you can apply for our car finance without a credit check.

Car finance with no credit check or the ‘Soft’ Search

Of course, car finance with no credit check needs to be sure of your ability to repay loans or line of credit — that is one of the rules of the Financial Conduct Authority (FCA), which regulates all such business.

But the last thing you want, if you already have really bad credit, is another rejection of an application for a loan — since the refusal itself affects your credit status adversely.

That is why we carefully pre-check the likelihood of your application being formally accepted by one of our lenders by performing what is described as a ‘soft’ check — a snapshot in time of your current income, outgoings, and existing credit — which has no impact on the information held about you by the major credit reference agencies.

Hard credit search vs soft search

Before proceeding with a ‘hard search’, it is helpful to be aware of your current credit score. You can request your statutory credit file for free with any of the three major credit reference agencies like:

  • Experian
  • TransUnion
  • Equifax.

The statutory report will give you basic information about your credit history, although extras such as credit monitoring or fraud alerts are not included.

Each credit agency uses a different system, so do not be alarmed if the actual figure varies from one to the other. What matters is how your score is classed on the agency’s scale, which can range anywhere from ‘Very Poor’ to ‘Excellent’. If your credit score is not what you were expecting it to be, check through the information for any irregularities. You can contact the relevant company where it is necessary to put a ‘notice of correction’ on your credit report, should it be required.

But what is a ‘hard credit check’? It's when a financial company checks reference agencies' records for your credit history. So if you want the best deal, it's best to get a ‘soft check.’ It is not the kind of formal process in which a lender determines if you can qualify for a loan. The results of such a search are not visible to other lenders.

Why do we advise you to do it this way? First, simultaneously applying for more than one loan gives the impression that you are in a desperate financial situation. Then, of course, borrowers will wonder if you can pay off the extra money.

So when comparing car finance costs, take advantage of our no credit check car finance services. This approach is guaranteed to leave no mark on your credit history.

Get Approval!

Once you have accepted our no-obligation quotation and your formal application to the reputable lender has been approved, it is simply a question of choosing the new or used vehicle you want to buy from any reputable dealer in the UK.

We even make checks on the vehicle on your behalf — to confirm that there is no outstanding financing on it, for example. We also do all the paperwork and pay the money directly to the dealer, so that the only role you are left to play is to drive your new car away.

Bad credit options

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Questions? Speak to a real person

Comparing car finance and car warranties is what we do, so you will get through to someone who can help. Call us from Monday to Friday (8am - 8pm) and Saturday to Sunday (9am - 6pm).