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!

FAQ

Find answers to all your questions here:

 

What is bad credit car finance?
Bad credit car finance is exactly the same as any other car finance agreement. You enter into an agreement with a lender to pay a certain amount of money in instalments each month for a fixed term. These types of loans are usually taken over a period of 1-6 years and the APR depends completely on your personal circumstances.

How long will it take to make a decision?
We aim to give you a decision as soon as you have submitted your application online. You will then receive a call from one of our representatives within 24 hours who will be able to discuss the options that are available to you.

How long is my offer valid for?
Each individual lender we work with offer different lengths of approvals however it is usually between 7 and 30 days. An extension can be arranged in some circumstances if the vehicle you purchase is delayed for any reason.

How much can I borrow?
Factors like your credit history, income and existing financial commitments will be taken into account when making a decision on your credit limit. We will work with the lender to determine if you’re able to repay the loan based on your income and expenditure.

How much will my repayments be?
Your repayments will depend on the following:
1) The interest rate the lender is able to offer you
2) How much you wish to borrow
3) What period you wish to repay it over

At Refused Car Finance we tailor your car loan to ensure that the repayments suit your budget. We will never encourage anyone to borrow more than they can afford to repay.

Do I need a guarantor?
We work with a wide range of lenders which enables us to find the right creditors based on each customers personal requirements. If you don’t wish to use a guarantor then we will only work with lenders who do not require one.

What documentation will I need?
Generally our lenders will require a proof of address, driving licence and proof of income. To identify and prevent fraudulent applications, Refused Car Finance utilise the services of 3rd party agencies and service providers. We will only accept original documentation from applicants, where requested by a lender, to support applications.

Can Refused Car Finance guarantee me car finance?
We are very proud to be able to offer car finance to 98.4% of our applications over the last 12 months. By working with our network of approved car dealers we are able to access every specialist car finance provider in the country, we have helped hundreds of customers every single month drive away even without paying a deposit. Many other companies will advertise guaranteed car finance but will ask for a large deposit – we will never do that. Find out more about guaranteed car finance here.

 

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and 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 – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews