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Bad Credit Car Finance

Can I get car finance with a bad credit score?

Disclaimer: this guide aims to help you understand the process involved in applying for car finance with bad credit. The information considers different circumstances, but may not apply to all customers.

Getting a new car is an exciting time; but it can be a stressful one too, especially if you know you have a low credit score. If that’s the case, you might be wondering who will finance a car with bad credit.

Fortunately, that’s where the team at Zuto could help. With over 15 years’ experience in car finance, we specialise in helping drivers with poor credit afford the car they need. Here’s everything you need to know if you’re looking for how to get a car on finance with bad credit.

What is bad credit finance?

Bad credit finance works like any other type of loan, the only difference is that it’s specifically for people who have low credit scores or minimal credit history.

Because of this, you and your lender will assess how much you can afford to repay the loan through monthly instalments, plus interest.

What are the benefits of bad credit car finance?

While the restrictions placed on your finance due to poor credit may seem limiting, there is one key advantage to bad credit financing.

As financing requires regular repayments, you’ll be able to start improving your credit score from month one. Missed payments are a key reason for low credit scores, but by making repayments you know you can afford each month, you should soon start improving your score.

What is the best car finance for bad credit?

When it comes to bad credit car finance, there is no one type that is best for you, as everyone’s requirements and personal situations are different.

Here at Zuto, our main types of car finance include the following:

· Hire Purchase

· Personal Contract Purchase

· Personal loans

Where can I get a car with bad credit?

It can be intimidating to search for car dealers who work with bad credit, which is why the team at Zuto can help you find the vehicle you need as well as finance, free of charge.

We work with a range of dealers across the country, and are here to help you through the entire finance process, meaning you can get the right car for your needs without any added stress.

How long does it take to get a car with bad credit

There is no set time limit for how long it takes to get a car on bad credit. Every situation is different, but our team will work hard to make the process as quick and streamlined as possible. We’ll be on hand every step of the way.

Hopefully, you now have a much better understanding of what bad credit car finance is, and whether or not it’s right for you.

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