Zuto is a credit broker, not a lender. Our rates start from 9.4% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £7,500 over 60 months with a representative APR of 19.9% the amount payable would be £192 a month, with a total cost of credit of £3,997 and a total amount payable of £11,497.
Guarantors are often used to help people with bad credit get car finance – but they’re not always necessary. In fact, a guarantor for car finance is only required when you’re unable to get a loan yourself. If you need car finance with no guarantor, Zuto could help.
We often help customers with poor or bad credit and, most of the time, they don’t need a guarantor to get car finance. You might also be in a situation where you can’t find or don’t want someone to act as your guarantor.
Whatever your circumstance, we’ll help you figure out which car finance option is best for you, whether it’s HP finance or Zuto PCP finance that would be the most suitable for your situation.
You can apply for a quote now – without any impact on your credit score – to see what’s possible.
Guarantor loans, also referred to as joint applications, are finance agreements in which a second party – typically a family member, like a parent - guarantees the payments will be made.
However, they’re only required when you’re unable to get a loan on your own, and are generally taken out by people with either no credit history or a lack of sufficient income (for instance, if you’re unemployed or a student). In these cases, if you have a guarantor, car finance might be more accessible.
If you need car finance with a guarantor, you won’t be able to apply online, but you can contact our team who’ll be able to help.
There are two simple options:
When applying for any type of finance, you need to feel confident that you can keep up your repayments over the full length of the term. If your income or situation are not stable, then you may need to wait. It’s worth considering:
To give you peace of mind, we’ll always get in touch before we run any checks that would impact your credit score. We’ll also offer advice around all available options, to help you choose the most appropriate course of action – whether that includes a guarantor or not.
Sometimes, a guarantor is a required condition when applying for car finance. Find out the most common questions no guarantor customers are asking.
A car finance guarantor is somebody who agrees to cover your vehicle PCP finance, HP finance, or personal loan repayments, in the event that you fall behind. It’s still your responsibility to make repayments, but this person acts as a financial safety net.
A guarantor for car finance is usually somebody who has a strong credit rating and, often, owns their own home. Finance companies also generally require the backer to be over the age of 21, and not directly financially connected to you (i.e. your spouse).