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Car finance ›
No credit check car finance
You might have heard of no credit check car finance. Car finance without a credit check doesn’t exist, but that doesn’t mean you can’t get approved if you have bad credit.
No credit check car finance
You might have heard of no credit check car finance. Car finance without a credit check doesn’t exist, but that doesn’t mean you can’t get approved if you have bad credit.
Can I get car finance with no credit check?
Can I get car finance with no credit check?
No, you can’t buy a car on finance with no credit check, and you can’t get a no credit check car loan either. These are common claims in the car finance industry, but it’s important to know that neither exist, and you should be cautious of anyone claiming to offer them.
Every lender will use a credit check when you apply for car finance. This is explained in the rules of the Financial Conduct Authority, who regulate financial services in the UK. Their rulebook explains that lenders “must undertake a reasonable assessment of the creditworthiness of a customer” before they enter into a car finance agreement.
However, that doesn’t mean it’s impossible to get car finance with bad credit. Lenders will always make a credit check when you apply, which can be in 1 of 2 ways. Make sure you know the difference between them as they can impact you very differently.
The types of credit check that car finance companies make
These are common claims in the car finance industry, but it’s important to know that neither exist, and you should be cautious of anyone claiming to offer them.
Every lender will use a credit check when you apply for car finance. This is explained in the rules of the Financial Conduct Authority, who regulate financial services in the UK. Their rulebook explains that lenders “must undertake a reasonable assessment of the creditworthiness of a customer” before they enter into a car finance agreement.
However, that doesn’t mean it’s impossible to get car finance with bad credit. Lenders will always make a credit check when you apply, which can be in 1 of 2 ways. Make sure you know the difference between them as they can impact you very differently.
The types of credit check that car finance companies make
When you get a quote, we use a soft check to understand your eligibility for car finance. It doesn’t affect your credit score, takes less than 5 minutes to fill in, and gives you an instant decision. If you’re approved, an expert from our team will be in touch to help guide you on the process of buying your new car.
We only use a hard check once you’ve decided you want to enter into an agreement with us. Some lenders use a hard check as soon as you apply, so make sure you fully understand what types of checks are made before making any applications, whether that be for car finance or any other type of credit.
For more information, check out our guide that explains the differences between hard and soft credit checks.
Hard credit checks (which DO affect your credit score)
Some lenders use a hard credit check at the point of application. This does affect your credit score and leaves a visible mark. They usually stay on your credit file for 12 months and can cause your score to drop, even if you have good or excellent credit.
Soft credit checks (which DO NOT affect your credit score)
We use a soft credit check at the point of application. This does not affect your credit score, and gives you an instant decision as to whether we could help. If you then decide to enter into an agreement with us, we’ll use a hard check when contracts are drawn up for you to sign.
When you get a quote, we use a soft check to understand your eligibility for car finance. It doesn’t affect your credit score, takes less than 5 minutes to fill in, and gives you an instant decision. If you’re approved, an expert from our team will be in touch to help guide you on the process of buying your new car.
We only use a hard check once you’ve decided you want to enter into an agreement with us. Some lenders use a hard check as soon as you apply, so make sure you fully understand what types of checks are made before making any applications, whether that be for car finance or any other type of credit.
Hard credit checks (which DO affect your credit score)
Some lenders use a hard credit check at the point of application. This does affect your credit score and leaves a visible mark. They usually stay on your credit file for 12 months and can cause your score to drop, even if you have good or excellent credit.
Soft credit checks (which DO NOT affect your credit score)
We use a soft credit check at the point of application. This does not affect your credit score, and gives you an instant decision as to whether we could help. If you then decide to enter into an agreement with us, we’ll use a hard check when contracts are drawn up for you to sign.
For more information, check out our guide that explains the differences between hard and soft credit checks.
What factors do lenders check?
Eligibility for car finance differs from person to person because there are lots of different factors involved. Some factors that a lender will check include:
- Your identity and address history
- How much credit you currently have
- Whether you’ve missed any payments
Our online quote form uses a soft credit check to understand your eligibility. It helps us to ensure any finance we offer is suitable for your circumstances.
If you’re unsure whether you’ll get approved, then you could check your credit score to see if you have good or bad credit. The three main credit reference agencies to check your report with are Experian, Equifax, and TransUnion.
How can I buy a car with no credit check?
It isn’t possible to buy a car on finance with no credit check in the UK. A lender will always need to check whether car finance is suitable for you, so they must make one of the two types of check at the point of application.
It is possible to get a quote for car finance with a soft check. We’re a direct lender based in the UK that accept people with bad credit, and we make a soft credit check at the point of application.
We offer Conditional Sale finance. This lets you borrow the money to buy a new car, while spreading the cost over a period between 3 and 5 years. You’ll have full use and access to the car, and make monthly payments instead of paying for it all upfront. Once you’ve made your final payment, you’ll legally own the car.
All car finance lenders will make a hard check at some stage in the finance journey. We will only make a hard check with your permission once you’ve found the car you’d like to finance, and contracts are drawn up for you to sign.
What affects my chances of being approved?
Just because car finance with no credit check doesn’t exist, doesn’t mean there aren’t things you can do that may increase your chances of being approved.
Everyone’s eligibility for car finance is different, and there are lots of factors that may affect whether or not you are approved. There are some things you could do that may increase your chances of getting finance:
- Register for the electoral roll if you haven’t already
- Ensure you make your payments in full and on time
- Check your credit file and fix any mistakes or errors
- See if there’s anything you could do to improve your credit score
Can I get guaranteed car finance with no credit check?
Guaranteed car finance with no credit check does not exist. No responsible lender will try to sell you guaranteed car finance without a credit check. You should be wary of anyone claiming to offer it.
When you make an application, the finance company will perform a credit check. This helps them determine your eligibility for car finance, based on personal factors including credit history and affordability. Because everyone’s circumstances are different, no lender can claim to offer guaranteed car finance, because it doesn’t exist.
The lender will have a final say over whether you are approved for car finance. A responsible lender will never say that their car finance is guaranteed, nor can they say that you can finance a car with no credit check.
What factors do lenders check?
Eligibility for car finance differs from person to person because there are lots of different factors involved. Some factors that a lender will check include:
- Your identity and address history
- How much credit you currently have
- Whether you’ve missed any payments
Our online quote form uses a soft credit check to understand your eligibility. It helps us to ensure any finance we offer is suitable for your circumstances.
If you’re unsure whether you’ll get approved, then you could check your credit score to see if you have good or bad credit. The three main credit reference agencies to check your report with are Experian, Equifax, and TransUnion.
How can I buy a car with no credit check?
It isn’t possible to buy a car on finance with no credit check in the UK. A lender will always need to check whether car finance is suitable for you, so they must make one of the two types of check at the point of application.
It is possible to get a quote for car finance with a soft check. We’re a direct lender based in the UK that accept people with bad credit, and we make a soft credit check at the point of application.
We offer Conditional Sale finance. This lets you borrow the money to buy a new car, while spreading the cost over a period between 3 and 5 years. You’ll have full use and access to the car, and make monthly payments instead of paying for it all upfront. Once you’ve made your final payment, you’ll legally own the car.
All car finance lenders will make a hard check at some stage in the finance journey. We will only make a hard check with your permission once you’ve found the car you’d like to finance, and contracts are drawn up for you to sign.
What affects my chances of being approved?
Just because car finance with no credit check doesn’t exist, doesn’t mean there aren’t things you can do that may increase your chances of being approved.
Everyone’s eligibility for car finance is different, and there are lots of factors that may affect whether or not you are approved. There are some things you could do that may increase your chances of getting finance:
- Register for the electoral roll if you haven’t already
- Ensure you make your payments in full and on time
- Check your credit file and fix any mistakes or errors
- See if there’s anything you could do to improve your credit score
Can I get guaranteed car finance with no credit check?
Guaranteed car finance with no credit check does not exist. No responsible lender will try to sell you guaranteed car finance without a credit check. You should be wary of anyone claiming to offer it.
When you make an application, the finance company will perform a credit check. This helps them determine your eligibility for car finance, based on personal factors including credit history and affordability. Because everyone’s circumstances are different, no lender can claim to offer guaranteed car finance, because it doesn’t exist.
The lender will have a final say over whether you are approved for car finance. A responsible lender will never say that their car finance is guaranteed, nor can they say that you can finance a car with no credit check.
What checks are done for car finance?
When applying for car finance, a lender must make a credit check to understand your eligibility. Find out more about what checks are made in our guide.
What affects your credit score
It’s important to know which factors affect your credit score so you can make changes to your habits before it’s too late. Click the button to find out more.
What score do you need to get a car?
If you have a low credit score, you might think it’s impossible to get approved. Find out why this is a myth, and how we could help you, in our guide.
What checks are done for car finance?
When applying for car finance, a lender must make a credit check to understand your eligibility. Find out more about what checks are made in our guide.
What affects your credit score
It’s important to know which factors affect your credit score so you can make changes to your habits before it’s too late. Click the button to find out more.
What score do you need to get a car?
If you have a low credit score, you might think it’s impossible to get approved. Find out why this is a myth, and how we could help you, in our guide.
Can I get car finance with no credit scoring?
While it isn’t possible to get car finance without a credit check, it is possible to get car finance with a low credit score. We use a range of factors to understand your eligibility for car finance. This is because we understand that your credit score is just a number, and it doesn’t change your need to have a reliable car to get around.
We also look at your credit history to understand if car finance is affordable for you. It takes less than 5 minutes to get a quote, and if you’re approved, one of our experts will be in touch to help you onto a better road ahead.
Can I get car finance with no credit scoring?
While it isn’t possible to get car finance without a credit check, it is possible to get car finance with a low credit score. We use a range of factors to understand your eligibility for car finance. This is because we understand that your credit score is just a number, and it doesn’t change your need to have a reliable car to get around.
We also look at your credit history to understand if car finance is affordable for you. It takes less than 5 minutes to get a quote, and if you’re approved, one of our experts will be in touch to help you onto a better road ahead.
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK's leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK’s leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
Even if you have poor credit, there’s a lender out there that could help you. We’re proud to have over 30 years of experience helping people up and down the UK get the vehicle they need, even if they’re been refused by mainstream lenders. Get a quote today with no impact to your credit score.
FAQs about no credit check car finance
Can I get car finance with no credit check and no deposit?
It may be possible to get no deposit car finance. Whether or not you will need to put down a deposit depends on a number of personal factors. These include affordability and credit history.
Some of our agreements may require a deposit, but if that’s the case, one of our experts will be happy to chat with you and find an option that suits you.
No responsible lender will offer you guaranteed car finance with no credit check and no deposit. Your eligibility for car finance depends on a number of different factors. Our guide to guaranteed car finance explains why you should be wary of anyone claiming to offer car finance with no deposit and no credit check.
Do dealerships offer no credit check car finance?
No. A responsible dealership or lender must check that finance is affordable and suitable for you. The key difference is whether they do a soft check or a hard check when you apply for finance. Some lenders use a hard check, which will affect your credit score.
If you already have a car in mind you’d like to finance, we’d love to help! Make sure it fits our lending criteria, and if it does, get a quote and our team would be happy to guide you further. Better yet, we only use a soft check at the point of application, so it won’t leave a visible mark.
We only use a hard check once you’ve decided you want to enter into an agreement with us, and contracts are drawn up for you to sign.
Is car finance based on affordability or credit score?
Finance companies consider lots of factors when deciding whether to offer you car finance. These include your credit history and affordability. Some lenders may use your credit score as a quick way of determining your eligibility, but they often look at your credit file as well, so they can understand if finance is suitable for your circumstances.
In other words, car finance isn’t based on one individual factor. We understand that you might have had difficulties in the past, but that doesn’t change your need for a reliable car to get around. That’s why we consider a variety of factors to ensure any finance agreement we offer is affordable for you.
If you’re ready, you can get a quote online, and it’ll take you less than 5 minutes.
Can car finance help to improve your credit score?
Yes, if you repay your car finance in full and on time, over time you might see an increase in your credit score. However, this is not guaranteed and depends on how you manage other lines of credit.
Find out more in our guide: ‘Does financing a car build your credit score?‘.
What can you do if you’re refused credit?
If you’re refused credit, it might be best to stop applying until you understand the reasons why. Some of the most common reasons for being refused credit include:
- Bad credit history: If you’ve missed payments in the past or have a CCJ or IVA, some lenders may see lending to you as too risky.
- Affordability: Finance companies can only lend to you if it’s sustainable for you to repay the loan.
- Eligibility: Every lender is different and has their own criteria for who they accept and who they don’t.
Find out more about what to do if you’re refused car finance in our guide.
Can you get car finance with a default?
Yes, it is possible to get car finance with a default. You might find it harder to be accepted by mainstream lenders, but that’s where we can help.
Get a quote in less than 5 minutes and see if we can help you onto a better road ahead.
Can you get car finance under a DMP?
You might find it hard to get car finance with a DMP, but that’s where we can help. We’re a specialist lender who accepts people that mainstream lenders may not.
Get a quote in less than 5 minutes and see if we can help.
Even if you have poor credit, there’s a lender out there that could help you. We’re proud to have over 30 years of experience helping people up and down the UK get the vehicle they need, even if they’re been refused by mainstream lenders. Get a quote today with no impact to your credit score.
FAQs about no credit check car finance
Can I get car finance with no credit check and no deposit?
It may be possible to get no deposit car finance. Whether or not you will need to put down a deposit depends on a number of personal factors. These include affordability and credit history.
Some of our agreements may require a deposit, but if that’s the case, one of our experts will be happy to chat with you and find an option that suits you.
No responsible lender will offer you guaranteed car finance with no credit check and no deposit. Your eligibility for car finance depends on a number of different factors. Our guide to guaranteed car finance explains why you should be wary of anyone claiming to offer car finance with no deposit and no credit check.
Do dealerships offer no credit check car finance?
No. A responsible dealership or lender must check that finance is affordable and suitable for you. The key difference is whether they do a soft check or a hard check when you apply for finance. Some lenders use a hard check, which will affect your credit score.
If you already have a car in mind you’d like to finance, we’d love to help! Make sure it fits our lending criteria, and if it does, get a quote and our team would be happy to guide you further. Better yet, we only use a soft check at the point of application, so it won’t leave a visible mark.
We only use a hard check once you’ve decided you want to enter into an agreement with us, and contracts are drawn up for you to sign.
Is car finance based on affordability or credit score?
Finance companies consider lots of factors when deciding whether to offer you car finance. These include your credit history and affordability. Some lenders may use your credit score as a quick way of determining your eligibility, but they often look at your credit file as well, so they can understand if finance is suitable for your circumstances.
In other words, car finance isn’t based on one individual factor. We understand that you might have had difficulties in the past, but that doesn’t change your need for a reliable car to get around. That’s why we consider a variety of factors to ensure any finance agreement we offer is affordable for you.
If you’re ready, you can get a quote online, and it’ll take you less than 5 minutes.
Can car finance help to improve your credit score?
Yes, if you repay your car finance in full and on time, over time you might see an increase in your credit score. However, this is not guaranteed and depends on how you manage other lines of credit.
Find out more in our guide: ‘Does financing a car build your credit score?‘.
What can you do if you’re refused credit?
If you’re refused credit, it might be best to stop applying until you understand the reasons why. Some of the most common reasons for being refused credit include:
- Bad credit history: If you’ve missed payments in the past or have a CCJ or IVA, some lenders may see lending to you as too risky.
- Affordability: Finance companies can only lend to you if it’s sustainable for you to repay the loan.
- Eligibility: Every lender is different and has their own criteria for who they accept and who they don’t.
Find out more about what to do if you’re refused car finance in our guide.
Can you get car finance with a default?
Yes, it is possible to get car finance with a default. You might find it harder to be accepted by mainstream lenders, but that’s where we can help.
Get a quote in less than 5 minutes and see if we can help you onto a better road ahead.
Can you get car finance under a DMP?
You might find it hard to get car finance with a DMP, but that’s where we can help. We’re a specialist lender who accepts people that mainstream lenders may not.
Get a quote in less than 5 minutes and see if we can help.
Refused car finance
If you’ve had problems with missed payments, or have a low credit score due to a CCJ or IVA, it can be tough to get approved for car finance. See how we could help you today.
Car finance explained
Make sure you understand all the different options available to you before making any applications. Our guide explains how car finance works and the different types available.
What is CS finance?
It is important to completely understand the car finance agreement that you may be entering before making an application. Find out more about how our CS agreement works.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
