Bad Credit

If you have a poor credit history, your options may be limited. Some lenders may be prepared to offer car loans to people with low credit scores, but you may find that your interest repayments are higher. 

When it comes to car financing, you should always stay within your means. 

If you're not sure what you can afford, why not play around with our car finance calculator. There's no impact on your credit score, so you can change the deposit figures and agreement length to see how that could impact your monthly repayments. 

Yes you can. You may have fewer lenders to choose from, but our in-house car financing team has connections with many lenders across the UK, some of whom specialise in bad credit car finance deals.

There are a lot of reasons why you might not have gotten a car loan. We are confident that we can find a good car loan lender for you even if you have an Individual Voluntary Agreement (IVA), a County Court Judgment (CCJ), or have been declared bankrupt in the past.

If you have credit worries, you may find it odd that people with no credit history at all may be just as concerned about their eligibility for a car loan. But from a lenders point of view, someone who has never taken out any credit can be just as risky as someone with a poor credit score. That's because the lender has no prior knowledge of how you might cope with the monthly repayments.

If you've no credit history at all, you will likely be accepted for a car loan, but it may be similar to a bad credit car finance agreement, rather than a competitive interest rate. 

If you are concerned about your credit history, why not visit one of our Manchester dealerships and speak to a member of our finance team? We're always happy to sit down with a cup of tea and chat through your options. 

The most important thing about your credit history is your credit score. If you have bad credit, it means that you may have had money problems in the past. You may have missed a loan payment or a credit card payment in the past, or you may have more than one debt. 

The lender will look at your score to figure out how much of a risk you are.

There are a few practical things you can do to improve your credit score and get better car financing deals.

Pay back what you owe. It seems obvious because it is the most sensible thing to do. Before you ask for more credit, you should try to pay off as much of what you already owe as you can. This will not only lower any interest payments, but it will also show lenders that you are trying to be smart about how you spend.

Increase your deposit. We know this is hard, especially now when the cost of living is so high. But the more money you can put down as a deposit, the more likely you are to get car financing. Usually, you will have to pay 10% of the car's value as a deposit. If you can increase this amount, even by a few hundred pounds, your chances of being accepted will go up. One good thing is that the less interest you have to pay over time, the less you will have to pay in the long run. So, saving for a few more months could make a big difference in how much you have to pay back in the end.

You want proof? Why not try different amounts for the down payment on our car loan calculator?

You could request a guarantor. Some car loan deals for people with bad credit require that they have a guarantor. This means that you have someone who has agreed to take care of your loan if you can't pay it back. This is good for lenders because it lowers their risk. But agreeing to be someone's guarantor is a big decision, and it puts them at risk of having to pay back your car finance. If our finance team thinks you might need a guarantor for your car loan, we will always ask to talk to that person and explain the risks and implications.

Don't try to get too many loans at once. As part of the application process, a lender will look into your credit history in detail. Your credit score will show if you have a history of applying for multiple loans or opening multiple credit cards. Because of this, we suggest that people in Manchester use our car finance calculator. It has no effect on your credit score, and it will help you figure out if you're likely to get a loan.

If you have a poor credit history, please come and talk to us. 

We will not judge. 

Your credit history is your business. 

Our business is about finding solutions that get you on the road in your dream car. 

We have a wide range of used cars for sale in Manchester across our four dealership locations. Our trained sales staff will get to know you. We'll find you the right car that matches your driving habits and your budget. We'll do whatever we can to help you get value for money, whether it's through our price match promise or through accurate part exchange valuations.

We are experienced in providing car finance in Manchester and car finance in Stockport. Local drivers choose to speak to our finance team because they know that they can trust our advice. 

To find out how we can help you to take out a car finance loan with a poor credit score, please visit one of our four dealership locations. You can find us on Greg Street in Reddish, Buxton Road in Stockport, Manchester Road in Stockport, and Liverpool Road in Eccles.