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

Car Finance is an easy and effective way to pay for your new vehicle. Instead of paying for your car in one single lump payment, you can spread the cost into more manageable instalments.

It is a legally binding agreement between yourself and a finance company, in which you pay off the cost of the vehicle usually over a period of between 12 and 60 months, including any interest and extra costs. Sometimes a deposit will be required and will need to be paid before you can drive away.

How do I apply?

laptop-icon Complete our quick and free online application to see if you have been approved. Shortly after you have been pre-approved a member of our team will contact you via telephone.

checked  After you have been accepted, choose a car. View our cars here or choose a car from any reputable, independent dealership that is FCA approved.
car-of-hatchback-model Agree to the terms of the finance deal, including the monthly repayments, APR and any other costs such as a deposit. After this you simply need to sign the paperwork and drive away!

Let’s get started

Who can get Car Finance?

We can accept the following car finance applications.

  • Unemployed
  • Self-Employed
  • Part Time Workers
  • Full Time Workers
  • Zero Hour Contracts
  • On Benefits
  • Claiming Tax Credits
  • Young Drivers
  • Retired Drivers
  • Provisional License holders
  • Carers Allowance
  • Disability Allowance
  • Ex Bankrupt
  • Bad Credit
  • Poor Credit
  • No Credit History
  • Good Credit
  • Armed Forces

Which type of car finance is right for me?

Types of car finance

There are various types of car finance – here are some of the most common:

Hire Purchase (HP)This is good for customers who want to own the car in the long term. You choose a car, the finance company pays the dealer and you essentially hire the car from the finance company. This means they have full ownership of the car during the repayment period but you will be given the option to own the car at the end of the repayment period. If you want to do this, there will be a small admin fee you have to pay.

Personal Contract Purchase (PCP): This is an agreement where you choose a car, the finance company pay the dealership and you pay the finance company monthly instalments. However with this type of agreement you will only repay part of the total amount that is due, as there is a lump sum at the end of the repayment period (this is called a Balloon Payment). At the end of the repayment period you can either give the vehicle back or keep it. There are a couple of conditions to returning the vehicle. Firstly, it must be in good condition . Secondly, it must not have exceeded your estimated mileage (which you are required to do before entering into the agreement). will be charged for every mile extra, unless you have renegotiated prior to the end of the period.

Conditional Sale: This agreement is similar to a HP agreement but you commit to buying the car at the beginning of the agreement. This means that once all the repayments have been made ownership of the car automatically transfers to you. Again, you choose the car, the finance company pays the dealership and the finance company own the car until the final payment has been made.

Personal Loan: This is more often referred to as a car loan and is not secured against the vehicle. You will own the vehicle straight away and generally interest rates are better on this type of finance. however one thing to note is that you don’t get the same level of consumer protection that you would have with a PCP or a HP agreement. Finally, to take out a car loan, you will usually need a fairly good credit rating.

Learn more about no deposit car finance and bad credit car finance from Refused Car Finance also.

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.