Car finance calculator for bad credit

Amount to borrow

Must be between £3,000 to £50,000

Choose lenght of contract

24 months
36 months
48 months
60 months

Assuming your credit profile is

Estimated payments

These estimates are subject to credit checks and may change when you apply for finance.

Hire Purchase (HP)

APR 5.9%

48 monthly payments of

£0


Total charge of credit
£0
Total amount payable
£0

Personal Contract Purchase (PCP)

APR 5.9%

48 monthly payments of

£0


Optional final payment
£0
Total charge of credit
£0
Total amount payable
£0

We compare car finance deals for you

  • PCF Bank logo
  • Oodle logo
  • Marsh logo
  • Moneyway logo
  • SMF logo
  • Automoney logo
  • Moneybarn logo
  • Rate Setter logo

There are many ways to receive money when buying a car, for example, car finance with no guarantor, which will partially or completely cover the cost of your purchase. A loan can also be based on your salary, an inheritance, or a dividend income.

A guarantor is a person who has a better credit score and who can vouch for you to the bank. If your credit history leaves something to be desired, you may well need a guarantor.

What can you do if your social circle does not include such a person? Carplus will come to the rescue! We have more than 20 car finance lender contacts and are ready to help. Please note that checking your chance of approval has no impact on your credit score.

How does car finance without a guarantor work?

No guarantor car finance is not that complex. You fill in the application form on the site, and we start to process your inquiry immediately. We aim to perform service quickly for every customer. Our specialists are always ready to get back to you if you have any questions. We will choose the right lender, even if you have a bad credit history. Be confident in our steadfast focus on your deal’s successful outcome.

What is the difference between a joint applicant and a guarantor?

A joint applicant will share your car finance with you. They take part in the signing of the agreement. As a result, the responsibility lies with both you and them. More often than not, lenders resort to such lending conditions if their requirements do not coincide with some of your characteristics.

In turn, guarantor lenders are interested only in receiving regular payments. If a person is looking for a car loan for bad credit with no guarantor, such an option exists. We are in contact with lenders who work with customers without a guarantor with the highest level of professionalism.

Can I get car finance with bad credit and no guarantor?

Yes, this is possible, but the chances of approval and lending conditions may differ. For example, if you are looking for car finance without a guarantor and have a poor history or if you’re a little older, you can face more difficulties.

However, even with a bad credit history, you can get a car loan, but you need to confirm your ability to make the monthly payments. This condition does not give complete confidence of approval, so you can always contact our experts. Our team will perform a custom search, which will not harm your credit rating.

If the search is successful, we will get in touch with the lending partner who is suitable for you. Before we perform a loan search, we will ask for your informed consent.

What are the criteria for getting car finance without a guarantor?

Some criteria help your eligibility:

  • Aged between 21 and 75 years;
  • The age of the car is less than nine years at the time of the conclusion of the agreement
  • Mileage of the car is less than 100,000 miles
  • You have lived in the UK for at least three years
  • You have an income of over 1000 pounds per month. Your account must be registered in your name. The last requirement is not taken into account if you are self-employed and funds come to the account, registered in the name of your joint applicant. The same applies to persons with a low income.
  • You have a full or provisional drivers license.
  • You are not in the process of active bankruptcy or debt relief
  • The maximum duration of the agreement is 48 months.

Most of the points could also be applied for students and other young adults. Our offer is limited to 10 thousand pounds.

Why apply for finance with carplus?

Independent feedback: see for yourself by reading the testimonials of customers we helped find a solution for car finance with bad credit and no guarantor.

Directivity: Our team consists of professionals with extensive experience who are always ready to support you in obtaining a loan

The ability to track: We provide a personal reference to the application tracker. Follow the progress of your application online!

Ethics above all: our activities are regulated by the Financial Conduct Authority. We also only issue approval if it is safe for you regarding the availability of monthly payments.

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