Car Finance Poor Credit

Car Finance Poor Credit

Blog / Car Finance Poor Credit


In a recent article, we discussed how you could potentially agree a car finance plan without the need for a credit check. This helps those who just want to save time, but it is generally considered more beneficial to those who have poor credit and do not want any problems. But is it feasible to suggest that those with poor credit cannot end up with a car worthy of their dreams? Not at all, as we will now explain.

So, let’s say that you do have poor credit, and that you do have to undergo a credit check. This is simply a way for the dealer and the finance company to learn about your financial situation; it is not a brick wall in front of any purchases you wish to implement. If they do find out that you’re in poor credit, it’s worth remembering that you may be in poor credit right now, but it doesn’t mean that you always have been, and it certainly doesn’t mean that you always will be. It just means that you are in negative credit at this very moment.

On that note, there may be a very good explanation for having bad credit that is beyond your control, such as a possible redundancy or even your employers closing down altogether. Perhaps there has been a family situation that suddenly changed everything when it came to your finances. Whatever the case may be, the immediate assumption that having bad credit is all on you is not necessarily true, and if you can provide evidence to demonstrate this, then you may find that there is nothing to worry about. Of course, it may have a slight impact on how much they trust you to complete monthly payments, but a thorough and honest self-analysis of the credit situation will give you breathing space.

As for the cars themselves? Well, you do need to bear in mind that, regardless of what the dealer or finance company say, being in poor credit means that you should take the time to consider the price of a car and whether you can afford it in the first place. If you have made a sensible choice and then it’s down to the third parties to approve it, hopefully the information you have provided them with will still green-light a deal for you. But there are so many car options, whether you’re basing it on the manufacturer, the age, the mileage or something else, that there is no reason why you cannot end up with a great car that does everything you want and puts a smile on your face, regardless of the fact that you are in poor credit.

We offer finance for all car makes in our stock including and not limited to Mercedes, Audi, Land Rover, BMW etc. 95% of our vehicle can be procured on a  no deposit low rate finance deals*. Apply today for a No obligation quote, Want to know more? Call us on 01925 230360.

Finally, of course, you are welcome to visit our luxury used car dealership in Warrington, Cheshire. You’ll find us on Hawleys Lane (WA2 8JP is the postcode to put into your satnav) and we are open 9am-8pm weekdays, 9am-6pm Saturdays and 10am-6pm on Sundays.

Back to blogs