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SPECIALISTS IN BAD CREDIT CAR FINANCE

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  • Take the stress out of Bad Credit Car Finance...

  • No deposit required

  • Employed, Self Employed or on benefits

  • Help re-establish your credit

Car Finance Calculator

Loan Amount
Loan Amount

£5200

Period
Period

29 months

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49.6% APR Representative

Representative example – Total amount of credit £4750, annual interest rate 25% (fixed), charge for credit £3572.48 (£3562.48 interest charged and £10 option to purchase fee), total amount payable £8322.48, 36 monthly instalments of £231.18. 49.6% APR Representative. – Subject to status & affordability.

Bad Credit Car Finance Explained

If you have been searching for Bad Credit Car Finance then you may have had your applications rejected by other lenders or car finance companies, we are not a finance broker or third party provider so you take the agreement out with us.

We can make decisions to approve car loans for those who have a poor credit rating and people who have experienced bad credit in the past but want to get back on track now. We offer a form of car finance called “Hire Purchase” which is a type of vehicle loan suitable for those who want the option to not pay cash or cannot get credit such as a personal loan due to a poor credit history.

hire-purchase

There is no deposit necessary if you choose not to pay one and once you have paid off the finance agreements fixed monthly repayments the vehicle is yours. For more information on how hire purchase works please visit the page below.

What is Hire Purchase Finance?
fixed-payments

How can I get approved?

We look at your current situation and affordability as well as your history so even if you have a poor credit rating or have defaulted on payments in the past we could help you secure a loan for your next car.

If you have had bad credit in the past and are looking to improve your chances of being accepted when you apply for car finance try to make sure all outstanding credit commitments are up to date and if they are not up to date don’t be afraid to speak to any previous lenders to start catching up with repayments to help improve your future credit options.

bad-credit

Please use our car finance calculator to make sure you can comfortably afford the monthly repayments and remember to budget for any outstanding credit repayments you may have. For more information on bad credit car finance please visit the page below.

What is Bad Credit Car Finance?
finance-specialists

Frequently asked questions

What is Hire Purchase Car Finance?

Hire Purchase is one of the most common types of finance, it is really simple – you hire the vehicle and make fixed monthly repayments until you have paid off all of the agreed finance.

There are no surprises at the end of your agreement such as balloon payments or mileage restrictions.

The entire car price is spread across your agreement term and once all monthly payments have been made the car becomes yours, making it one sensible option for borrowing.

Will I qualify for Car Finance with Go Car Credit?

Have you been refused car finance due to bad credit? Don’t worry it does not mean that you can’t get car finance! We are specialists in bad credit car finance.

Many of our customers have been refused car finance from mainstream lenders because of poor or bad credit history.

Apply via our online application form to find out if we can help you secure the finance you need for your next car purchase.

How much can I borrow?

We can offer loans from £3,000 to £10,000. Use our car finance calculator to see what your fixed monthly payments would be.

How do I apply for car finance?

You can apply for finance direct via our website. Just fill in our application form and one of our sales agents will be in touch.

What is your lending criteria?

  • •You are a UK resident for at least 3 years. (We are unable to provide finance for those living in N.Ireland)
  • • You have a full UK Driving Licence.
  • • Your income is over £1000 and paid directly into a UK bank account.
  • • You are able to provide 2 months consecutive pay slips or if self-employed, 3 months consecutive bank statements.
  • • You are over 18.
  • • You are not in an active bankruptcy or debt relief order.

I have got bad credit, will I still get approved?

We are specialists in providing car finance to people who have experienced bad credit in the past.

Applications we receive are reviewed by the employees themselves and not just a computer program.

This approach allows us to consider any extenuating circumstances such as a poor credit history, self-employed or any mortgage or council tax arrears and view you as an individual, not just a number.

For more information, please visit our Bad Credit Car Finance page.

Do you do guarantor car finance?

We do not offer guarantor finance, but we do help people who may have experienced problems getting finance in the past. For more information, please visit our Bad Credit Car Finance page.

Can I get car finance if I am on benefits?

Yes, you can. Unlike some mainstream lenders we take benefits into consideration when reviewing your income. For more information about on this, visit our Car Finance for People on Benefits page.

Can I choose any car?

There is criteria that has to be met such as maximum mileage restrictions and maximum age of vehicle restrictions.

We can help you source the car you want from one of our reputable dealers across the UK.

All of our dealers are authorised and regulated by the Financial Conduct Authority.

By only choosing dealers that are FCA regulated reinforces our high standards of service to our customers.

Why is your APR higher than other lenders who offer car finance?

We specialise in providing finance to individuals who have struggled to obtain credit. We charge a higher APR on our finance products because we serve the sector of the community, which are usually excluded from conventional lending and our customers are seen to be a higher risk by other lenders.

To reward our loyal customers who have proved they are committed to improving their credit could receive a reduced interest rate on their next agreement.

We would suggest you think about the costs associated with your choice of car such as fuel, insurance, tax, MOT, servicing and maintenance costs, as these will all have an influence on the affordability of the vehicle. The finance is secured on the vehicle, so if you don’t keep up with the monthly repayments, Go Car Credit can repossess the car. Failure to make payments can also affect your credit report.