Discover what credit score is needed for car finance in the UK. Learn minimum requirements, how to improve your chances, and get approved even with fair or poor credit. Complete 2024 guide with expert tips.
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Discover what credit score is needed for car finance in the UK. Learn minimum requirements, how to improve your chances, and get approved even with fair or poor credit. Complete 2024 guide with expert tips.
Already on a car finance agreement and wondering whether you can boost your credit score at the same time? The answer is: yes, you can. At motorfinancetoday, we don’t just help you get behind the wheel—we’re also here to support your long-term financial health. In this guide, we’ll explain how your car loan impacts your credit profile and how to build or repair your credit while paying off your vehicle.
Thinking about getting a car but don’t have cash saved for a deposit? You’re not alone—and the good news is, yes, you can get car finance without a deposit. It’s more common (and more accessible) than many people realise. At motorfinancetoday, we help UK drivers find flexible no-deposit car finance options that suit all kinds of budgets and credit backgrounds. Whether you have excellent credit or you're working to rebuild it, there may be options available to you. In this guide, we’ll break down how zero deposit car finance works, who it’s best suited for, the pros and cons, and how to apply.
Buying a car doesn't always require a big upfront payment. Thanks to zero deposit car finance, it’s now easier than ever to get behind the wheel—without needing to dip into your savings. At motorfinancetoday, we understand that not everyone has cash set aside for a large deposit. That’s why we offer no-deposit car finance deals designed to make car ownership simple, accessible, and stress-free—no matter your financial situation.
When applying for car finance, one of the most important factors lenders consider is your credit score. But how good does your score really need to be? Can you still get approved if your credit isn’t perfect? In this guide, we’ll break down everything you need to know about credit scores and car finance, including what score you might need, how lenders assess you, and how to improve your chances of approval.
Your credit score plays a major role in whether you get approved for car finance—and the kind of deals you’ll be offered. A higher score can help you unlock lower interest rates, more favourable terms, and a wider choice of lenders. The good news? You don’t need perfect credit to secure a finance deal. With a few smart moves, you can improve your credit score before applying—and increase your chances of getting approved. Here’s how to start improving your credit profile today.
When it comes to financing a new or used car, two of the most popular options in the UK are Personal Contract Purchase (PCP) and Hire Purchase (HP). Both allow you to spread the cost of a vehicle over time—but they work differently and suit different types of drivers. At motorfinancetoday, we’re committed to making car finance clear, accessible, and tailored to your needs. In this guide, we’ll explain how PCP and HP work, their pros and cons, and how to decide which one is best for your situation.
A car finance broker acts as a go-between, connecting borrowers to a panel of lenders. Brokers don’t provide loans directly; instead, they help match you with lenders offering finance that suits your individual situation. A lender, on the other hand, is the financial institution that offers the loan. You sign an agreement directly with the lender and make your monthly repayments to them. Working with a broker means you don’t have to research every lender yourself. The broker does that legwork for you—and that comes with real benefits.
Buying a car is a big financial decision, and for many UK drivers, car finance offers a more manageable path to vehicle ownership. But with multiple finance options and long-term commitments, is car finance really worth it? In this blog, motorfinancetoday takes a closer look at the advantages and disadvantages of car finance, helping you decide whether it suits your needs and lifestyle.
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