Good Credit Car Finance

Getting Approved for car finance with a Good credit score

Good credit - You have well run credit accounts, on the voters roll & No CCJ's, Defaults, Missed Payments or arrears recorded on your credit file in the last 6 Years.  You will be able to obtain the lowest rate Hire Purchase Car Finance agreements as  the loan is secured against the vehicle the risk to the lender is minimised.  We have a large panel of lenders that will look to offer a credit option from 10% APR.

We can also help in these cases:

  • Late or Missed Payments.
  • CCJ’s, Defaults or Arrears.
  • HM Forces
  • Low Credit Scores
  • Benefits Only Income
  • Been Declined Elsewhere
  • Self Employed
  • New Job
  • Ex-Bankrupt
  • Not on Voters Roll

10% APR 1. Good Credit Car Finance

Customer Support

02392 378474


Benefits of Hire Purchase Car Finance With Good Credit Rating

Once a finance lender has given you an AIP (Approval In Principle) they will require some documentation in order to confirm some of the details on your application once you've chosen your car. The amount of documentation depends on your Credit rating, Employment status and Electoral roll Status . However with todays technology it is possible to check most information Electronically without documentation

  • Proof of ID (Driving Licence or Passport)
  • Proof of Driving Licence (Online Share Code, DVLA Check)
  • Proof of Income (Payslips, Bank Statements, Awards letters, Confirmed electronically, ETC)
  • Proof of Address (Utility bill, Bank statement, Confirmed electronically, ETC)

Good Credit Finance Eligibility


To obtain car finance you must meet the following criteria.

Age Limit The applicant should be min 18 years & max. 70 years.
Income Minimum £1000 Wage or Benefits
Driving Licence Main or Joint hirer must have a Full Driving Licence
Joint-applicants Must be living at the same address
Bank Account Must be able to accept Direct Debts
Income & Expenses Credit Limits maybe set by affordability
Address History Lived in the UK for 3 years

Benefits of Hire Purchase Car Finance With Good Credit Rating

As the title suggests, you hire the car from the finance company, taking responsibility for it and making monthly payments until you have paid the total amount owed. You are the registered keeper of the vehicle throughout the payment plan and then at the end of the repayment period, you have the option to take ownership of the car.

As you've paid off the cost of the car by this point, all you pay is a small admin fee. This could be anything from £1 - £299+.

HP is good if:

  • You want fixed monthly repayments.
  • You might like to own the vehicle long term.
  • The choice to buy or return the car at the end.
  • There are no mileage restrictions imposed.
  • You don't need to find the money to pay a large lump sum payment at the end of the agreement.
  • Payments are fixed over the entire period – which enables you to budget more easily
  • When you've paid back half of the full total repayable amount, you're free to opt for Voluntary Termination (VT) – meaning you're free to hand the car back if you need to.
HP is not good if:
  • Monthly payments are usually higher than for hire purchase agreements in comparison with other finance options.
  • The loan is secured against the car. This means that if you fail to meet your monthly repayments, the vehicle can be repossessed.
  • Failure to make regular repayments could also negatively impact your credit score.