Carplus is your trusted car finance company, specializing in helping individuals like you secure car finance with a fair credit score in the UK. We understand that sometimes life throws unexpected challenges, and your credit score might not be perfect. But that doesn't mean you can't get behind the wheel of a reliable car. We're here to guide you through the process of obtaining fair credit car finance with ease and confidence.

Car finance calculator

Must be between £3,000 to £50,000
Must be between £100 to £10,000 and difference between borrow and deposit must be £5,000

These estimates are subject to credit checks and may change when you apply for finance. this is for example purposes only

Hire Purchase (HP)
APR 9.9%

60 monthly payments of


Interest rate
9.9% APR
Amount of interest
Total payment
Personal Contract Purchase (PCP)
APR 9.9%

60 monthly payments of


Optional final payment
Interest rate
9.9% APR
Amount of interest
Total payment

Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £7,000 over 5 years with a representative APR of 21.9%, the annual interest rate of 21.9% (Fixed) and a deposit of £0, the amount payable would be £185.33 per month, with a total cost of credit of£4,119.81 and a total amount payable of £11,119.81. We look to find the best rate from our panel of lenders and will offer you the best deal that you're eligible for. We receive a fixed fee commission per finance agreement, or we receive a commission based on a percentage of the total amount of finance taken. This will not affect the interest rate offered or the total amount repayable. Our service is free.

What is a fair credit score?

A fair credit score generally falls within the range of 580-669 on the FICO scale used by most lenders. However, major credit reference agencies like Experian, Equifax, and TransUnion may use slightly different rating systems and criteria to determine creditworthiness. So a fair credit score can vary somewhat depending on the specific credit agency.

Typically, a fair credit score is one that is slightly below the "good" or "excellent" range. Reasons could include recent address changes, new employment, high debt-to-income ratios, occasional missed payments, or exceeding your credit limits. Even older issues like CCJs (County Court Judgements) or defaults can contribute to a fair credit score.

The key point is that fair credit is considered reasonably acceptable by most lenders, if not ideal. Having fair credit doesn't automatically disqualify you from obtaining car finance. In fact, you may still qualify for standard car finance, and possibly even bad credit car finance if your score falls on the lower end of the fair range.

Our customers who have already got car finance!

  • High Acceptance Rate
  • Representative APR 21.9%
  • Rated excellent on Trustpilot

Will I get car finance with a fair credit?

You might be wondering if it's possible to secure car finance with a fair credit score. The good news is that, at Carplus, we work with a wide network of lenders who understand that life can be unpredictable. They are often willing to provide car finance for fair credit applicants.

Factors that influence car loan approval:

  • Credit Score: While a fair credit rating is acceptable, it's essential to understand that the lower your score, the more challenging it might be to secure favourable terms.
  • Credit History: Lenders also consider your credit history, including any missed payments or outstanding debts.
  • Employment Status: Your current employment status and income level play a role in the approval process.
  • Down Payment: Offering a larger deposit can improve your chances of approval and may lead to lower interest rates.

How to get car finance with a fair credit rating?

Obtaining car finance with a fair credit score involves several straightforward steps:

  1. Know your credit score: Begin by checking your credit score and understanding where you stand. This knowledge will help you set realistic expectations.
  2. Budget assessment: Determine how much you can comfortably afford for monthly payments. Remember to factor in additional expenses like insurance and maintenance.
  3. Research lenders: Look for lenders who specialize in car finance for fair credit applicants. Different lenders have varying criteria, so it's essential to find the ones that best match your situation.
  4. Complete the application: Once you've chosen a lender, complete the application process. Carplus, for example, uses a soft search, which won't impact your credit record.
  5. Review offers: After submitting your application, lenders will review your information and provide offers. Compare these offers to find the one that suits your needs and budget.
  6. Finalize the deal: Once you've selected an offer, finalize the car finance agreement, and you'll be one step closer to driving your new car.

How can I raise my fair credit score and lower my monthly payments?

At Carplus, we believe that everyone deserves a chance to drive their dream car, and we're here to help you make that happen. Here are some tips to help boost your credit rating:

  • Pay bills on time: Consistently making timely payments on your existing debts is one of the most effective ways to improve your credit score.
  • Reduce outstanding debt: Work on paying down your existing debts, especially high-interest credit cards or personal loans.
  • Clear Existing Debts: Reducing your existing debts can significantly improve your credit rating. Focus on paying off high-interest debts first.
  • Register on the electoral roll: Being on the electoral roll can positively impact your credit file.
  • Check your credit report: Regularly review your credit report for errors or discrepancies and address them promptly.
  • Build a positive credit history: If possible, consider taking out a small personal loan or credit card to build a positive credit history.
  • Avoid multiple loan applications: Making several loan applications in a short period can raise red flags. It's better to research your options and apply selectively.
  • Joint accounts: If you have joint accounts with individuals with low credit scores, consider closing or separating them. Their credit history can affect yours.
  • Check your credit record: You have the right to access and review your credit record for free directly through credit rating agencies. It's crucial to do so regularly. If you find any errors or inaccuracies, challenge them immediately. The credit agency has 28 days to update its report or provide a reasonable explanation for any discrepancies.
  • Save for a down payment: Typically, the larger your down payment, the lower your monthly instalments will be. The specific down payment amount is often determined by the dealer, taking your credit score into account.

Choose Carplus for Fair Credit Car Finance deals

Why should you choose Carplus for fair credit car finance? Here are some compelling reasons:

  • Expertise: We specialize in assisting individuals with fair credit scores, and our team has the expertise to navigate the complexities of fair credit car finance.
  • Tailored solutions: We work with a diverse network of lenders, allowing us to tailor car finance solutions to your unique circumstances.
  • Affordable payments: We negotiate with lenders to ensure your monthly payments are manageable and fit your budget.
  • Transparency: We believe in transparency throughout the car finance process, ensuring you fully understand the terms and conditions of your loan.
  • Rebuilding your credit: Timely payments on your car loan can help rebuild your credit score, opening up doors to better financial opportunities.

Don't let a credit score hold you back from driving the car you deserve. At Carplus, we're here to make car finance with fair credit accessible and hassle-free. Get in touch with us today and drive away in your dream car!

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