Guaranteed Car Finance
Is there such a thing as guaranteed car finance? Well, not exactly.
At We Finance Any Car, we go the extra mile to help applicants from all backgrounds purchase a new car. Our high approval rate, extensive panel of specialist lenders, and open-minded approach set us above the rest.
However, we cannot guarantee car finance for everyone. Being promised a finance agreement without first undergoing a credit check should raise alarm bells.
We certainly wouldn’t trust it…
When it comes to car finance, transparency is at the top of our list. Always. And for those who have experienced bad credit in the past, it will be a little trickier to get approval.
Why? Because there are a few terms and conditions involved in car finance. Your employment status, credit history and current income are all factors that any lender will take into consideration.
Don’t panic! Our specialist bad credit car finance is designed with you in mind. Whatever you’re struggling with, we’ll do our best to help.
Ready to get back behind the wheel?
What you can expect from us:
- Expert guidance
- Easy application process
- No damage to your credit score
- Experienced bad credit lenders
- Compassionate approach
- Flexible payment plans
Submit an application today and discover a finance solution that fits you.
Looking for guaranteed car finance? Here's why you should choose us instead:
To put it simply, we see beyond bad credit scores. This means that we are able to offer car finance to applicants who may not be the most ideal candidates.
We achieve this through:
- Having a network of lenders who specialise in different areas
- Introducing an initial soft credit check to keep your profile intact
- Taking multiple factors into account
- Offering a range of affordable car finance solutions
Having your application rejected is frustrating. It doesn’t matter whether you’ve experienced this once or even multiple times in the past – a head shake can be all it takes to prevent you from reapplying.
And then of course there’s the damage that a hard credit check can cause to your credit score.
The option of a guaranteed finance agreement may seem appealing, but it’s just not viable. The checks are there for your protection and, ultimately, the final decision sits with the lender.
So, what’s the solution?
Flexible car finance
At We Finance Any Car, we recognise that every situation is unique. Whether you’re being held back by low income, you’ve failed to meet previous payments, or you’re self-employed, there can be numerous factors that impact your chance of acceptance.
With a higher level of flexibility, we are able to make car finance available to as many applicants as possible.
What we can guarantee:
- A fair review of your application
- End-to-end support with industry professionals
- Reputable lenders who understand the challenges of car finance
- Deposits are optional, not required
- Exceptional and speedy service
Why we can't guarantee approval for car finance
As responsible car finance credit brokers, we want to ensure that everything is done by the book. This is to protect both you, as the applicant, and our panel of lenders.
Offering someone a finance agreement with no questions asked is deeply problematic, leading to irresponsible lending practices and financial stress. So, although they can be daunting, credit checks are important.
There is a certain level of risk involved in finance agreements and lenders need to be able to assess whether you’re a liable candidate. In other words, they need to determine how likely you are to meet the monthly payment deadlines.
This is there for a reason. Without putting specific requirements in place, lenders would be taking on considerable risk. You may also end up with a loan agreement that you simply can’t afford, putting you under further financial strain and potentially leading to default.
Although the specific criteria can vary between lenders, there are some common factors that are taken into account during the assessment process:
- Credit history
- Credit score
- Current income and employment
- Age and condition of the vehicle
The legal implications
The Consumer Credit Act was passed to stop any false or misleading claims about car finance being guaranteed for all applicants. As you can see, it’s all pretty serious stuff and not something we take lightly.
Discover car finance that you can count on with We Finance Any Car.
Your questions answered
While this may sound promising, it’s a similar claim to guaranteed car finance. Both are misleading. Finance agreements are reviewed on a case-to-case basis and not everyone will meet the criteria.
Any legitimate lender will conduct some form of credit check when assessing your application.
No credit check car finance is another one of those dodgy terms that are thrown around a lot. It gives the illusion that your creditworthiness isn’t a key consideration. This couldn’t be further from the truth.
The difference with We Finance Any Car is that your success rates will not solely be based on your credit score. We provide one-to-one support for each of our applicants, allowing us to gather a full picture of your financial situation – both past and present.
Our team will work with you to help you make a decision with confidence.
Not with us! Once you’ve submitted your application, our panel of lenders will use a soft inquiry to review your credibility. This gives an initial snapshot of your profile without temporarily lowering your credit score.
We offer a more accessible approach to car finance.
This will depend on your ability to repay the loan.
Some lenders can offer finance options that do not require a guarantor, even if you have a less-than-perfect score. However, for those who are struggling to secure an agreement on their own, opting for guarantor car finance can help to push your application over the line. This is especially useful for young drivers and people who are self-employed.
Try our free finance calculator today!