Refused car finance calculator

Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative APR 19.8%.

Representative example: borrowing £7,500 over 5 years with a representative APR of 20.25%, an annual interest rate of 20.25% (Fixed) and a deposit of £0.00, the amount payable would be £192.84 per month, with a total cost of credit of £4070.40 and a total amount payable of £11,570.40.

We will always provide the best rate from our panel of lenders and based on your individual circumstances. We do not charge any fees for our service. But we earn a commission from the lenders we work with. This does not affect the interest rate you will be offered.

Refused car finance FAQs

You can use our car finance calculator or apply through our website and we’ll perform a soft credit check to see if you’re eligible for car finance. After that we will then work with our wide range of partner lenders to find the right car finance deal that suits your personal circumstances.

Applying for car finance too soon after you have been refused may affect your chances of your application being approved because of multiple hard credit checks. In order to avoid this, it is best to leave a suitable amount of time between your previous application.

Lenders base the terms and rates of their car finance deals based on your credit history and the amount you want to borrow. Multiple applications for car finance can potentially affect your credit score so as a result your monthly repayments may be higher.

Some lenders will accept an application for car finance without the need for a deposit, however this may mean slightly higher monthly repayments or a longer repayment period.

Apply for refused car finance today!

If you still have any queries around your eligibility for car finance when you have been refused credit in the past, contact our team of experts for assistance with your application.

Alternatively, you can use our free car finance calculator to find out your eligibility for refused car finance and what rates are available to you.

*representative APR of 19.8%