Car Finance with Fair Credit?

  • No Deposit
  • We help find you the perfect car
  • PCP and HP from 8.9% APR
  • Free car history and dealer quality check
Get a Quote Does not affect credit score
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At CarMoney we understand the stress that can come when asking the question “Will I be accepted for car finance if I have fair credit score?”. That’s why we take steps to ensure the answer is “Yes”.

We’ll conduct a soft search on your credit score. Using all the stealth of a ninja, we won’t leave any visible marks on your credit record.

We’ll use this information to create a list of car finance providers that are most likely to approve your application.

We know that one of the major concerns people have when it comes to financing their next car, is whether they can get car finance with fair credit.

Obviously, your credit score tells us, and our lenders, how creditworthy you are, which in turn allows us to predict how reliable you are and whether you’ll be able to keep up payments.

So, the better your credit score the easier it is to get approved. But don’t worry. You may still qualify for car finance with fair credit.

Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 17.9%, monthly payment would be £171.83, with a total cost of credit of £2,247.83 and a total amount payable of £9,247.84. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions this can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender



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Decision within 1 hour

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100% unbiased car finance deals

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Free check, no mark on score

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What is fair credit?

Fair credit isn’t exactly good. But it isn’t bad either. Instead it is somewhere in the middle, which means you could still take out car finance with fair credit.

There are many reasons your credit score may be classed as “fair”. You might have recently moved into a new address, or gotten a new job that you haven’t been at very long.

You may have high levels of debt compared to what you earn, or you may have simply missed the odd payment or gone over your credit limit. A fair credit score could also be the result of CCJs (County Court Judgement) or defaults that date back several years.

Whatever the reason, it has impacted on your credit score. But that doesn’t mean you are going to be rejected. You could even potentially be accepted for bad credit car finance if your rating is low.

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What can I do to increase my chances of being approved?

There are still some things you can do to increase your chances of being approved for car finance with fair credit.

The most common way you can make the process of buying a new car easier is by saving up enough money for a deposit on the car. This is the payment that you pay the dealer and is not a part of the car loan. The general rule is that the larger the deposit, the less you have to pay in monthly payments. The deposit amount is usually settled by the dealer.

You can improve your credit score by checking the information on your credit record is up-to-date and rectify any errors immediately. It’s not impossible to get approved car finance with fair credit. Once you’ve followed the above steps, head to CarMoney, and find out how much you could be driving off with today.

We could get your application for car finance approved within an hour!

Frequently Asked Questions

Who is eligible for fair credit car finance?

The eligibility criteria for fair credit car finance vary from lender to lender. However, most lenders will look at your credit score, income, and employment history when deciding whether or not to approve you for a loan. You may also need to make a down payment, but it is likely to be smaller than the down payment required for bad credit car finance.

Can I get car finance with a fair credit score?

Financing a car will be OK with a good credit score, although it might entail paying a higher interest rate and submitting a larger down payment than with an excellent credit score. Enhancing your credit score, exploring different options, and consulting financial experts like our ninjas can increase the chances of finding the right deal.

How do I find a lender that offers fair credit car finance?

There are a number of lenders that offer fair credit car finance. You can find these lenders by searching online or by visiting dealerships. Be sure to compare offers from different lenders before you decide which one to go with.

What are the benefits and drawbacks of fair credit car finance?


  • You can still get a car loan even if you don’t have perfect credit.
  • The interest rate may be lower than for bad credit car finance.
  • You may be able to get a longer loan term, which will lower your monthly payments.


  • The interest rate may be higher than for good credit car finance.
  • You may need to make a down payment.
  • If you default on your payments, the lender could repossess the car.
How it works
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Specialisation in Fair Credit

We help people with fair credit get car finance, even if they can’t qualify for the best rates.

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Quick Approvals

We streamline the car finance approval process so you can quickly decide and drive away in your new car sooner.

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Credit Building

By making timely repayments on your fair credit car finance, you can improve your creditworthiness, leading to lower interest rates and better loan terms on future loans.

Join thousands of happy customers

Our customers love our CarMoney Ninjas

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CarMoney Ninja Sean

“Great service, Sean Davidson was great and was always trying to help and give me the easiest experience possible. Thank you very much Sean.”

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CarMoney Ninja Alan

“Alan, who I spoke with on the phone, was amazing! He sorted everything out for me, it was so easy and was able to get my car the very next day. Fantastic!”

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CarMoney Ninja Sophie

“Sophie who sorted my finance out for car was amazingly nothing was too much trouble for her always kept me up to date. Five stars Sophie. Thanks for everything”

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CarMoney Ninja Ellie

“My ninja from start to finish Ellie McGavin I Needed a car it was complete from picking to collecting within 2 days friendly staff great communication brilliant.”

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CarMoney Ninja James

“Excellent professional and courteous service nothing too much trouble James was thoroughly committed to helping me source my car”.

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CarMoney Ninja Frazer

“Frazer from car money made the experience of getting a car simple and easy. Would definitely recommend to family and friends. Thanks again CarMoney!”

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CarMoney LIMITED is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activity and our registration number is 674094. Representative 17.9% APR. Over 18’s only. CarMoney IS A BROKER NOT A LENDER.

REGISTERED ADDRESS: Pioneer House, 2 Renshaw PL, Motherwell, ML1 4UF, Scotland.Company Number: SC467274.

All finance is subject to status and income. Written Quotation on request. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions.