What cars can you get on finance with bad credit?
Looking for a car finance deal but worried about your low credit score? Whether you have an excellent score or a poor credit history, don’t worry. Read on to find out exactly which car models you’re eligible for, based on your credit score.
Can you get car finance with bad credit?
If you have a bad credit score or no credit history at all, it can be a bit more tricky to secure a finance deal, but it’s not impossible.
There are ways to overcome a poor credit history such as applying for a joint car finance or alternatively putting down a larger deposit to help reduce the amount you need to borrow.
How can I improve my credit score?
There are some simple ways you can improve your credit score including registering on the electoral register, staying out of your overdraft and checking your credit report regularly. While keeping your finances in check this way will help to improve your score, credit scores can take a while to build up as lenders look for consistency over time.
What cars can you get on finance with bad credit?
All credit - if paid back on time - can help to boost your credit score. So, getting a car on finance can help with improving this. But, the car models you’re eligible for do depend on your current credit score.
We’ve reviewed our finance deals from the past year to uncover exactly which car models you can expect to get on finance, whether you have a good or poor credit score.
The top three car models financed on poor credit scores were revealed as:
- VAUXHALL INSIGNIA
- VAUXHALL MOKKA
- FORD KUGA
On the flipside, the top 3 cars financed for customers on excellent credit scores came out as:
- LAND-ROVER RANGE ROVER
- MERCEDES-BENZ A CLASS
- MINI COOPER
Can I still get a car on finance with a poor credit score?
At CarFinance 247, we understand that building up a credit history isn’t easy. That’s why we believe in making the financing process as simple as possible for people with poor credit scores. Use our handy car finance tool to input your monthly budget and find your quote today!