The Truth behind Guaranteed Car Finance

What is Guaranteed Car Finance?

It’s simply an advertising term that people have used in the past to try and get as many people to apply for finance as possible. There is no way anyone can actually offer guaranteed finance.

The closest anyone can get is to make sure they are set up with every fair and bad credit lender in the U.K. to maximise the chance of getting a bad credit car finance approval. That’s exactly what Pay Weekly Car Finance have done which means we offer the best chance of an approval as well as making sure we get you the best possible rate for your personal credit rating.

If I earn enough, can you guarantee me car finance?

Afraid not. Your income is only one aspect of being approved for finance, you also need to have demonstrated your affordability over the past 6-12 months through any finance you’ve taken out previously. If you have a strong income, but are behind on your mobile phone contract or credit card, it’s very difficult for a finance company to believe you have enough affordability for a car finance agreement.

Is there such a thing as Guaranteed Car Finance?

Absolutely not! People often ask us ‘Can you guarantee me car finance?’ Why would a finance company lend money to someone that might not pay them back? Any places that advertise that they can offer guaranteed car finance are either lying or acting unethically. There are some fundamental practices that all finance companies must follow in order to abide by the Responsible Lending guidelines:

Affordability assessments – ensuring that customers can afford the finance they are being offered is incredibly important.
Creditworthiness – having enough disposable income is one thing but if an applicant’s current credit shows that they are struggling to meet their current financial commitments then there is as much risk lending to them as someone without enough income.
Stability – Is the applicant in a stable home/job situation? If not, that could have a big impact on their affordability too.

So, if you have bad or very bad credit and need car finance, if you have the affordability and your recent credit history shows this then Pay Weekly Car Finance can help. Apply below and see if we can get an approval you are happy with.

Application

Your Details

Title *

First Name *

As it appears on your driving licence.

Last Name *

As it appears on your driving licence.

Email Address *

Mobile Number *

Date of Birth *

Month *

Year *

Marital Status *

Number of Children (Aged 16 and Below) *

How would you rate your credit? *

Who recommended us? (They may be entitled to a gift if you buy a car from us) *

Where did you hear about us? *

Which vehicle are you interested in?

Which car are you interested in? *

Please give us as much detail as possible so we can tailor your approval.

What is your monthly payment budget?

Driving Licence *

If you don't have a full licence, you will need to apply jointly with a partner/parent living at the same address.

Employment Type *

If you are paid in cash, you will need to apply jointly with a partner living at the same address.

Add Joint Hirer *

Must be at the same address as you.

If you are human, leave this field blank.

Are there alternatives to Guaranteed Car Finance?

The closest alternative to Guaranteed Car Finance is our Very Bad Credit Car Finance tier. As we use every fair, bad and very bad credit car finance provider in the U.K., this enables us to compare the whole market and gives us the best chance of getting a car finance approval for you.

People have also searched in the past for Pay as you Go Car Finance and Black Box Car Finance and these are also advertising slogans that have been used to try and gain finance applications under false pretences.

Do I have to pay weekly for car finance if I apply to you?

No you don’t. We can arrange weekly or monthly payment plans depending on your needs. We also have a couple of finance providers that will allow you to pay fortnightly or 4-weekly if your income is received in those frequencies.

Can you offer Very Bad Credit Car Finance?

Yes we have lenders that offer very bad credit car finance. You must pass their credit checks and have enough affordability (that you can prove) and a full driving licence. We use every fair, bad and very bad credit finance provider in the U.K. to maximise your chances of an approval.

How do I apply for car finance?

All you need to do is click on this link ==> APPLY NOW