Well, there are actually lots of ways around this problem, and Cashfloat can help you find them. We’re here to make sure that you get the best deal possible for car finance. If you need to replace your car, there’s no delay with Cashfloat.
Can I get car finance with bad credit?
Yes, you can get car finance with a bad credit score with Cashfloat. Even if you have a very poor credit score, you could still meet our car finance eligibility criteria. Just like with our payday loans, we look at your overall affordability instead of just looking at your credit report.
The most important thing is that you can prove you can afford the repayments. If you can do that, you could be accepted for a car loan even with a poor credit score.Apply now
In the UK, there are many ways of getting car finance. Here are a few:
Once you’ve submitted your application, we’ll search for the lender who can provide you with the best car finance quote. You should receive an offer directly to your inbox within minutes of submitting your application. You’ll then be assigned an account manager to help you get started. They’ll call to confirm your details and answer any questions you might have.
Once we’ve found a car finance solution that works for you, you could be driving your new car in no time.
How much can I borrow?
With Cashfloat, you can apply for up to £50,000 towards the cost of a new car.
What is the cheapest way to finance a car?
Buying a car without paying any interest at all will be the cheapest option. A 0% credit card is a good option if one is available to you that will cover the cost of a car. Alternatively, maybe you have some family or friends you could borrow money from? If you do decide to borrow from family or friends, however, it’s important to be aware of the pitfalls to this approach.
Will a car finance plan affect your credit score?
Taking out any form of credit, including car finance, will have an impact on your credit file. When you first take out car finance, you might see a slight dip in your credit score. This happens because you’re taking on new debt. If you keep making your repayments on time, however, your credit score should start to rise again before long.
Note that if you fail to stick to your car finance payment plan, your credit score will be negatively affected. You should always make sure you can afford to pay for car finance before you take it out.
Could taking out car finance improve your credit score?
If you get a new car on credit and make sure to make all your repayments on time, you will actually improve your credit score with car finance. This is because you will prove to lenders that you are a responsible borrower who can pay back money on time.
How will a car finance calculator help me?
A car finance calculator will help you understand how much you will end up paying in total if you take out car finance. This will help you decide if you can afford a finance package.
Can I use your car finance for a motorbike?
At Cashfloat, you can use our cheap car finance for a car, van, motorbike, caravan or motorhome. Remember to select the vehicle you require finance for during the application process.
How old do I need to be to apply for a car loan?
Applicants must be at least 18 years old to be approved for car finance.
What information do I need to provide during the application?
To complete your application, you will need to provide various pieces of personal information, including your contact details and your address history. As part of the application process, we will use your personal information to conduct a credit check on you.
How much will car finance cost me?
The total cost of buying a car with car finance will be primarily determined by how much is needed to buy the car and what the interest rate is. The lower the interest rate, the cheaper the monthly payments will be. Some lenders may also include fees in their finance agreement.
Why choose Cashfloat for your car finance?
Cashfloat has been helping people in the UK obtain short term finance since 2014. We have now connected with the top brokers in the UK to help you get finance for your new car. Some of the perks of applying with Cashfloat are:
- Poor credit scores accepted
- Easy online application
- Fast decision
- No hidden fees
Our contact centre is open 8am-6pm Monday to Thursday, 8am-5pm Friday and 10am-4pm Saturday.
Calls may be monitored and recorded for quality and training purposes.
You can also send us a message via email at any time, and one of our advisors will get back to you as soon as possible during office hours.