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Check eligibility with no impact on credit score
We are a credit broker, not a lender.Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £7,000 over 5 years with a representative APR of 21.9%, the annual interest rate of 21.9% (Fixed) and a deposit of £0, the amount payable would be £185.33 per month, with a total cost of credit of£4,119.81 and a total amount payable of £11,119.81. We look to find the best rate from our panel of lenders and will offer you the best deal that you're eligible for. We receive a fixed fee commission per finance agreement, or we receive a commission based on a percentage of the total amount of finance taken. This will not affect the interest rate offered or the total amount repayable. Our service is free.
Moneyrepublic connects you to fair credit car finance solutions across the UK. We help individuals with fair credit scores secure affordable car finance, giving you access to the vehicle you need. Our process is clear and direct, making car finance simple and stress-free.
We know that clear communication and tailored solutions make a difference, which is why we work closely with you to find the best options for your unique circumstances.
How it works?
Apply for your loan
To apply for your car finance to borrow money, decide on the amount you need and the loan term. Our lenders will assess your application and provide feedback promptly.
Apply nowReceive the money
If your application is approved, and you get a car finance quote, the funds will be deposited into your account the same day. Use the money towards your car purchase or other expenses.
Pay it back over time
Repay the loan through manageable monthly payments over 1 to 5 years, covering the borrowed amount and interest. Start your application now to access the finance you need for your next car or personal requirements. Apply today for a swift and straightforward process.
Our Lenders
We work with over 15 lenders offering 100+ HP and PCP deals so that you could have the best offer.
Car finance calculator
- 36months
- 42months
- 48months
- 60months
This helps you get a more accurate finance estimate
Not sure about being approved?
Check finance eligibilityWon't affect your credit score
We are a credit broker not a lenderThese estimates are subject to credit checks, and may change if you do apply for finance.
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| Loan amount | £7,500.00 |
|---|---|
| Length of Loan | 60 months |
| Monthly payment | £0 |
| Interest rate | 14.9% APR |
| Optional final payment | £0 |
| Amount of interest | £0 |
| Total payment | £0 |
Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.Representative example: borrowing £7,000 over 5 years with a representative APR of 21.9%, the annual interest rate of 21.9% (Fixed) and a deposit of £0, the amount payable would be £185.33 per month, with a total cost of credit of£4,119.81 and a total amount payable of £11,119.81. We look to find the best rate from our panel of lenders and will offer you the best deal that you're eligible for. We receive a fixed fee commission per finance agreement, or we receive a commission based on a percentage of the total amount of finance taken. This will not affect the interest rate offered or the total amount repayable. Our service is free.
What is a fair credit score?
A fair credit score usually falls between 580 and 669, showing moderate creditworthiness. UK credit agencies calculate your score based on factors like payment history, credit use, account age, recent credit activity, and mix of credit types. You might have a fair credit score for several reasons, such as recent address changes, a high debt-to-income ratio, or a few missed payments.
Who is eligible for fair credit car finance?
Eligibility for fair credit car finance varies among lenders and typically considers:
- Credit score: While fair credit scores are generally accepted, lenders may have specific thresholds.
- Income: Demonstrating a stable income helps lenders gauge your ability to make repayments.
- Employment history: A consistent employment record can enhance your eligibility.
- Down payment: Some lenders may require a downpayment to secure the loan.
Understanding these factors is crucial when considering fair credit car finance options, ensuring you meet the necessary requirements before applying.
What do you need to apply for car finance with fair credit score
| To apply for car finance you need to | Requirements |
|---|---|
| Your name | Be aged 18-75 years old |
| Date of birth and nationality | Requires initial deposit |
| Your recent address history | Receive a monthly income of £1,000 or above |
| Tour employment status | |
| Your income and expenses | |
Fair credit car finance options
PCP car finance with fair credit
Personal Contract Purchase (PCP) lets you drive a new car with lower monthly payments over a set period, usually 2-4 years. At the end, you can return the car, make the final payment to own it outright, or part-exchange it for a new one. This option offers you flexibility and affordability, ideal if you want to keep payments manageable while still enjoying a newer vehicle.
HP car finance with fair credit
Hire Purchase (HP) lets you own your car by making fixed monthly payments over 1-5 years. Once you’ve made all payments, the car is yours. This option is ideal if you want straightforward ownership and predictable payments, giving you control and clarity throughout the finance period. Perfect for fair credit applicants seeking a reliable path to car ownership.
How to get car finance with fair credit?
Getting car finance with fair credit is simple. Here’s how to start:
- Understand your credit score: Check your score to see where you stand.
- Set your budget: Decide how much you can comfortably pay each month.
- Find trusted lenders: Look for lenders who specialise in fair credit car finance.
- Apply directly: Submit an application with your chosen lender.
- Compare offers carefully: Review interest rates, terms, and any fees to find the best fit.
- Seal the deal: Choose the best offer, then finalise your agreement with the lender.
- Pay bills on time: Consistent, on-time payments build your credit reputation.
- Reduce your debt: Lower your debt-to-income ratio to show lenders you manage finances well.
- Check your credit report: Review it regularly for errors or unusual activity, and report any inaccuracies.
- Register on the electoral roll: Being listed boosts your creditworthiness with lenders.
- Build a positive credit history: Responsible borrowing and repayments steadily enhance your score.
How can I raise my fair credit score?
To improve your fair credit score, try these steps:
- Understand your credit score: Check your score to see where you stand.
- Set your budget: Decide how much you can comfortably pay each month.
- Find trusted lenders: Look for lenders who specialise in fair credit car finance.
- Apply directly: Submit an application with your chosen lender.
- Compare offers carefully: Review interest rates, terms, and any fees to find the best fit.
- Seal the deal: Choose the best offer, then finalise your agreement with the lender.
- Pay bills on time: Consistent, on-time payments build your credit reputation.
- Reduce your debt: Lower your debt-to-income ratio to show lenders you manage finances well.
- Check your credit report: Review it regularly for errors or unusual activity, and report any inaccuracies.
- Register on the electoral roll: Being listed boosts your creditworthiness with lenders.
- Build a positive credit history: Responsible borrowing and repayments steadily enhance your score.
Consistent effort with these strategies will gradually raise your credit score and improve your financial standing.
Why choose Moneyrepublic for fair credit car finance?
Get your car finance online
Get car finance options with no impact on your credit score.
Buy a car from any dealer
Once approved, collect or get your car delivered to you.
Car finance quality assured
We’ll do a thorough vehicle HPI, full-service history and MOT check. Buy with confidence.