Car Finance with Bad Credit and No Guarantor

Can you apply for car finance with bad credit and no guarantor? Yes!

Although having a guarantor can sometimes help to increase your chances of approval, it’s not essential.

At We Finance Any Car, we recognise that being able to apply for car finance on your own should be an accessible option. After all, relying on someone else can be tricky – especially if they are a family member or close friend. Alternatively, you may not be able to find a suitable guarantor.

But will a bad credit score hold you back?

Not necessarily!

We work with a panel of lenders specialising in flexible car finance for bad credit applicants. They understand that your credit score may not define your entire financial situation and will consider a variety of factors.

So, guarantor or no guarantor, we can help you secure the car of your dreams today…

What you can expect:

Bad credit specialists
Flexible payment plans
Soft credit search
No guarantor needed
Expert advice and support

No guarantor, no problem – apply for car finance now with We Finance Any Car.

Applying for car finance with bad credit and no guarantor - why choose us

Looks complicated, right? It’s actually pretty straightforward.

You may be under the impression that you need a guarantor to support your application. And if you’re struggling with bad credit, applying for finance on your own can be daunting.

However…

No guarantor car finance can give you more independence. And, when weighing up your options, you’ll be able to choose a loan type that best fits your budget.

Not convinced? Our reputation speaks for itself. At We Finance Any Car, we’ve been helping people find suitable bad credit finance agreements for years.

Supported by our lenders, trusted by you.

Bag your new car in 3 simple steps

Fill out our quick and easy application form – the more information you can give us, the better!
Find your car – we have thousands of new and used cars in stock, available from reputable dealers up and down the country.
Sign on the dotted line (electronically, of course) – once you’ve been approved, we’ll work hard to find you favourable rates.

Take control of your car-buying journey with affordable car finance today.

Are you likely to be approved without a guarantor?

Car finance is never guaranteed and your chances of approval will depend on several factors. However, at We Finance Any Car, you’re in the best position to secure a deal.

Your financial situation is unique. This means that your eligibility for no guarantor car finance will differ from other applicants.

Here are a few things to consider:

Do you have a reliable source of income? Lenders will need to be confident that you can meet the monthly deadlines in full and on time.
Are you in full-time employment? Although this can help to boost your application, our panel will also consider self-employed applicants as well as offering car finance for people on benefits.
Do you have a poor credit history? This can make things a little tricker, but it’s by no means impossible to secure car finance with bad credit. Whether you’re a young driver with no credit history or have a CCJ on your file, you can still apply.
Can you provide proof of residence? Having a stable address will provide additional reassurance to lenders.

To give you the best chance of success, our lenders will review multiple aspects of your profile before coming to a decision.

They will also use a soft credit check to assess your affordability. This will give us a good idea of whether you’re eligible for car finance, without affecting your credit score.

Set your budget and apply with confidence

Whether you have a guarantor or not, the responsibility for making the monthly repayments falls on you. So, being able to afford car finance should be your number one concern. If you fall behind or consistently miss deadlines, it will only cause further credit issues and stress.

The solution? Get a handle on your finances.

Our easy-to-use online calculator can help you determine a manageable monthly payment plan. And to give you a better understanding of your budget, our friendly team is always available.

Is guarantor car finance a better option for you?

For some, guarantor car finance will be the right route to go down.

If you’ve been turned down elsewhere or would feel more confident having some extra support, it’s worth considering a guarantor. This is essentially someone who will step in and make the payments if you are unable to do so.

A few things to think about:

Do you have a trustworthy and reliable person in mind?
Are they financially able to be your guarantor?
Do they have a stable credit history?
Do you feel comfortable discussing your finances with this person?
Are you fully aware of the terms and conditions involved?

Finally, have you explored all your other options? We offer a variety of car finance solutions, so you’re sure to find something that suits your situation.

Any questions or queries? Get in touch with our team.

Who might benefit from having a guarantor?

Young adults or students
Applicants who are self-employed
First-time borrowers
Applicants with a limited income
Applicants who have previously defaulted on a loan

Have you heard of joint car finance?

Joint car finance is another option we offer at We Finance Any Car – aimed at couples or family members living under the same roof.

This is ideal for those who already share financial responsibilities, such as household bills. If you have a bad credit rating, using a co-signer with a stronger profile may allow you to get a better APR, meaning you could potentially save on interest.

Even better, it will likely give you access to a wider range of vehicles, including higher-end makes and models. Just make sure you’ve double-checked your budget.

Your questions answered

What is no guarantor car finance?

This is a type of agreement that allows you to finance a car without requiring a guarantor or co-signer. Once approved, you will be solely responsible for making regular payments to the lender.

For those with bad credit, this is still a viable option and considers factors beyond your credit score. In a nutshell, our no-guarantor solution gives you the opportunity to secure financing for the car you need, even if you’ve faced challenges in the past.

Which car finance options can I apply for without a guarantor?

The main financing options are:

HP car finance – offering an easy route to car ownership
PCP car finance – offering a little more flexibility at the end of the agreement

In both instances, your ability to fulfil the loan term is the primary consideration. A guarantor isn’t a must-have.

At We Finance Any Car, we are here to help you understand your options and choose the payment plan that meets your needs and budget.

What is a guarantor?

In the event that you miss a monthly deadline or can no longer afford to repay the lender, your guarantor will automatically take on the responsibility. This creates an additional layer of security and can help to reduce the risk associated with your application.

As a result, lenders may feel more inclined to offer you a finance deal. Remember, the guarantor will need to have a good credit rating and a stable income.

Is a guarantor needed?

Nowadays, having a guarantor is becoming less and less common. Although it can still be the right fit for some, it’s not the only option available.

Applying through us will give you access to lenders who specialise in helping people with bad credit.

Discover hassle-free car financing today.

Will I need to pay a higher interest rate with bad credit?

In many cases, having bad credit can lead to higher interest rates on your car finance loan. This is because lenders will typically use your credit score to assess the level of risk involved.

The lower the score, the higher the risk (in theory).

We recognise that higher interest rates can impact your ability to afford the loan. With this in mind, we work tirelessly to find you the most competitive rates available – even if you’re dealing with less-than-perfect credit.

Can I secure no guarantor car finance without a credit check?

If you’ve been searching for a bad credit agreement, you may have come across no credit check car finance.

Don’t be fooled!

Applying for car finance without a credit check may seem appealing, especially if you don’t have a guarantor to fall back on. But it’s not an available option. Credit checks are an essential part of the approval stage – without them, both you and the lender are left unprotected.

Instead, we offer an alternative route to car finance. The first part of our process is a soft credit check. This is in place to assess your eligibility without damaging your score. Once the lender is happy with your application, you will then undergo a more thorough review, otherwise known as a hard credit check.

Enjoy complete peace of mind with We Finance Any Car.