I have no credit history, can I get finance and will I need a guarantor?

You can still get car finance without credit history, but it does make the process trickier. This is because lenders usually like to see proof of your credit history so they can build a picture of what you will be like as a customer. It isn’t impossible though, and one way you can help things along is to get a guarantor on the agreement.

A guarantor is usually a family member or someone close to you, who will put their name on the agreement too. This means that if you do not keep up with your repayments, they will have agreed to step in and make the payments on your behalf.

For lenders, this means that there is more security in the deal and that you are less of a risk. For you, as a customer, it means better rates and having a guarantor can even strengthen your credit profile if you stick to the repayments.

At We Finance Any Car, we pride ourselves on making the process as simple and as easy as possible. We will do everything we can to make sure you understand the process and have everything you need to make a decision about car finance.

We work with a range of lenders to maximise your chances of being approved and to bring you a variety of deals. We will take the time to get to know you and to help you work out whether or not finance is the right route for you.

Finance can be confusing and we are on a mission to change that. If you would like to find out more, you can get in touch with a member of the team or start your finance application online, so we can get the ball rolling together. We will be with you every step of the way.