Bad Credit Car Loans are loans available for people who need to purchase a new car but have a relatively poor credit history and therefore are unable to obtain a regular loan. Usually, these bad credit car loans are given by the same company from whom the new vehicle is being purchased from. This way, the company get the benefit of a car sale and also a high level of APR on the loan itself given that it is the only way the buyer has of funding the purchase.
Although we will make every effort to ensure we can supply your new/used car loan we do not provide a 100% guarantee. This is because most
car credit and banking institutions will need to perform a credit check to assess your current credit history. Each bank or financial institution provides the loan based upon their own criteria’s including rates of interest.
Please understand that while you are applying for guaranteed car loan, certain companies will supply guaranteed car loans based on certain terms and conditions including the mode of re-payment, monthly instalments and charges for early settlement of the auto loan.
Car Credit Assured is authorised and regulated by the financial services authority. Applicants must be over 18 years of age. Credit is subject to status and income. Written details are available on request. Credit only available on cars supplied by Bristol Street Group Ltd and its subsidiary companies. Typical finance example; cash price £5,499, deposit £499, amount of credit £5,000, total charge for credit £2,799, total amount payable £8,298, payable by 59 monthly payments of £125, followed by one monthly payment (inc application fee) of £424.