Bad Credit Car Finance: How It Works and How to Apply

16th August 2023

At Car Finance Northern Ireland, we understand that life’s financial ups and downs can leave you with a less-than-perfect credit rating. However, a poor credit history shouldn’t prevent you from securing reliable transportation. If you’re exploring options for bad credit car finance, this guide will demystify the process for you.

Understanding the Basics of Bad Credit Car Finance

Grasping the intricacies of car finance can be daunting, especially if your credit history has seen better days. Bad credit car finance aims to help individuals who have faced financial setbacks but still require a vehicle for daily activities.

Conventional car loans generally require a good to excellent credit rating. In contrast, bad credit car finance is tailored to accommodate customers with credit issues such as mortgage arrears, defaults, county court judgements or IVAs. This specialised form of financing focuses more on your current financial situation and affordability, rather than past financial woes.

Steps to Apply for Bad Credit Car Finance at Car Finance Northern Ireland

Step 1: Assess Your Financial Status

Before embarking on the application process, review your current income, outgoings, and debts. A stable income will strengthen your application for bad credit car finance.

Step 2: Complete the Online Application

Click on the “Apply Now” link on our website and fill out the application form. The application process at Car Finance Northern Ireland has a minimal impact on your credit score.

Step 3: Receive an Approval in Principle

Upon approval, our team will be in touch to discuss the specifics and required documentation. We strive to keep the process simple and straightforward.

Step 4: Choose Your Vehicle

We can assist you in selecting an appropriate vehicle from reputable dealerships that fit your requirements and budget.

Step 5: Finalise the Deal

We conduct comprehensive checks on your chosen vehicle, ensuring it’s in good nick and fairly priced. Once all checks are complete, you can sign the paperwork and take to the road in your new car!

Why Choose Car Finance Northern Ireland?

  • Broad Range of Lenders: We have access to more than 15 lenders and 50 tiered products, enabling us to find the best deal for you.
  • No Impact on Credit Score: Your credit score remains unaffected when you apply through us.
  • Customer-Centric Approach: We strictly adhere to the FCA’s guidelines on treating customers fairly.
  • Expert Team: All our staff are SAF Approved and stand ready to assist you.

Specialising in the complexities of bad credit car finance, Car Finance Northern Ireland is dedicated to assisting consumers across the region. Whether you’re looking for a petrol, diesel, or hybrid vehicle, we work diligently to secure the best deal for you. For further information or to begin your application, don’t hesitate to click “Apply Now” and give us a try today!