We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Car finance for people on benefits

Posted on 03/05/2016

Recently we had a sponsored post on Facebook offering finance to our customer base. In the advert we made sure to include that we accept customers on benefit only incomes, with CCJ’s/Defaults or who have previous arrears. One person commented something to the effect of ‘if they are on benefit’s then how on earth can they afford a car on finance?’ – this is ignorant on nearly every level in our eyes and I will go on to explain why.

I think that in today’s age when people hear ‘benefit only’ they think the worst. What is important to remember is that some people are incapacitated and unable to work due to disability. For these people a benefit only income is the only option – so does this mean that they do not deserve to have a nice car? Some people obviously think so – however the staff at Refused Car Finance do not.

It is because of our passion to help people obtain finance were nobody else will that we are currently one of the UK’s leading car finance brokers. We work with over 20 lenders and are growing exponentially in the car finance industry.

We helped customers with bad credit car finance – over 98% of our customers last month infact. This included customers on benefit only incomes, who had been refused car credit elsewhere; Please feel free to see our testimonials to find out how we achieved guaranteed car finance from Scotland to London. We do this because we acquire customers car loans based on income not credit worthiness and believe in car finance for everyone – not just the gentleman on our Facebook page.

If you would like to share a story about your experiences in the past with similar things then please write in to us and let us know.

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Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Henson House, Whitley Road, Benton, Newcastle Upon Tyne, NE12 9SR

Refused Car Finance and refusedcarfinance.com is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £6999, Deposit – £0, Amount of credit – £6999, Rate of interest – 15% per annum, Amount of interest – £4199.40, Lender Documentation fee – £50.00, Lenders option to purchase fee – £50.00, Total charge for credit – £4299.40, First repayment – £283.30, Followed by 46 Monthly repayments of – £233.30, Final repayment – £283.30, Total amount payable – £11,298.40, Representative APR – 29.2%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.2% or lower

During the period May to December 2016, UK Car Finance Ltd received 5167 unique applications, of which we were able to offer 5085 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, are free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria.