| Car Finance for Bad Credit Although there is no such thing as guaranteed car finance, our new lender Moneybarn can help in over 90% of cases. This makes them the nearest thing to a guaranteed acceptance car loan in the market place today. Poor Credit History? No Problem Moneybarn can help people with bad credit, CCJ's, IVA's or discharged bankruptcy. Even if you have been turned down by other car finance companies Moneybarn give you the best chance of getting the vehicle loan you need. Choose any Car from a Dealer of Your Choice Moneybarn does not limit you to a single dealership like other car loan companies. You can choose your vehicle from any UK dealer and then use the free car loan calculator on site for a free quote. If you are happy with your quotation then click to apply to Moneybarn - simple! Apply Now Criteria for Lending All applicants should be at least 21 years old, hold a valid British passport, hold a valid British driving licence, be in employment or self employment, have a bank account that accepts direct debits and live in England, Scotland or Wales. How much can I apply for? The minimum is £5,000. The actual amount that Moneybarn can lend is dependent on a number of factors, which include the type of car you want to finance, the amount of deposit, your income and your ability to make payments. Typical Example The car John actually wanted to buy was a 2007 BMW 318i ES that had covered 40,000 miles and was being sold by a local independent dealer for £8,250. John didn’t have a part exchange to put towards his new car, but had a small amount in his savings account to contribute towards the deposit. Moneybarn asked for a deposit of £1,132 from John, which meant that over a 48 month agreement, his monthly payments were just £232.92, which wasn’t much more than he would have paid with dealer arranged finance. Find out more about Bad Credit Car Finance |
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