Car Finance

Why Choose Go Car Credit?

• We are a direct lender – no middlemen or broker fees.
• We look at your circumstances, not just your credit history.
• Our first check is a soft search and will not affect your credit score. If you go ahead later, a hard search will be carried out.
• We are authorised and regulated by the Financial Conduct Authority.
• Trusted by drivers across the UK – see real stories on our Customer Testimonials page.

How Car Finance Works

The main type of car finance we provide is hire purchase (HP). This is different from a personal car loan and is a simple way to own your vehicle at the end of the agreement.

• You may pay a deposit, although in some cases no deposit is required.
• You make fixed monthly repayments over an agreed term.
• Once the final payment is made, the car is yours.

For more details, visit our How Car Finance Works page.

Car Finance vs Car Loans

People often use the terms car finance and car loans as if they mean the same thing. A car loan is usually an unsecured personal loan from a bank or finance company, which you then use to buy a car. Car finance, such as hire purchase, works differently because the loan is secured against the car. You make monthly repayments, and once the agreement ends, the vehicle is yours. At Go Car Credit, we focus on hire purchase car finance to give our customers a clear and straightforward route to car ownership.

Car Finance Eligibility

To apply for car finance or a car loan you will usually need to:

• Be at least 18 years old.
• Have lived in the UK for a minimum of three years.
• Show regular income from employment, self-employment, or certain benefits.
• Meet affordability checks for the monthly repayments.

Read more about the requirements on our Car Finance Eligibility page.

The Approval Process

Our approval process is designed to be clear and supportive. Here’s what usually happens:

• Complete our quick eligibility form online.
• We run a soft credit check at the first stage, which will not affect your credit score. If you decide to go ahead later in the process, a hard credit check will be carried out.
• If you look likely to be approved, we request proof of ID and income.
• Our underwriters review your application fairly and responsibly.
• If approved, you select a car and sign your hire purchase agreement.

Find the full step-by-step guide on the Car Finance Approval Process.

Car Finance Options

We understand that no two customers are the same. That’s why our hire purchase car finance can be tailored to different circumstances. Here are some of the ways we support drivers:

• Bad Credit Car Finance – designed for people who may have had credit issues in the past.
• No Deposit Car Finance – an option if you don’t have savings to put down upfront.
• Car Finance on Benefits – available to some customers whose income comes partly or fully from benefits.
• Joint Car Finance – apply with a partner, friend, or family member to strengthen your application.
• Self-Employed Car Finance – for people running their own business or working as freelancers.

We also provide options for those with stronger credit history, such as Fair Credit Car Finance and Used Car Finance.

Frequently Asked Questions

What is the difference between car finance and a car loan?

A car loan is usually a personal loan that you then use to buy a car. Car finance, such as hire purchase, is secured against the vehicle and allows you to own the car once the agreement ends. At Go Car Credit, we offer hire purchase car finance rather than personal car loans.

Can I get car finance with bad credit?

We consider applications from a wide range of circumstances. If you have a poor or limited credit history, you may still be eligible. Visit our
Bad Credit Car Finance page to learn more.

Will applying affect my credit score?

Our first check is a soft search and will not affect your credit score. If you continue later in the process, a hard credit check will be completed and this could appear on your credit file.

What happens if I miss a payment?

If you think you may miss a payment, please contact us straight away. We will work with you to find the best way forward.

Customer Reviews

We are proud to support customers across the UK. You can read real experiences on our
Customer Testimonials page.

Apply for Car Finance Today

Check your eligibility now. It is quick to complete, uses a soft search at the first stage, and gives you a clear next step based on your circumstances.