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Get a Car with Bad Credit

It’s not always straight forward to get a car with bad credit. Even when you’re approved, there are things you may need to consider when finding the right car.

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We could help you get car finance, even if you:

  • Have no deposit
  • Are in an IVA/DMP
  • Have a CCJ
  • Have previously been declared bankrupt

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Get approved for finance

When looking to get a car with bad credit, you should look for approval for bad credit car finance first. Lenders often have different criteria for vehicles that they will lend on. If you get approved first it will save you time wasted looking at vehicles that a lender won’t finance. You also know the maximum amount a lender will let you borrow, which gives you your vehicle price range.

You can apply for bad credit car finance through Red Potato even if you;

  • Are in a Debt Management Plan (DMP), Trust Deed or Individual Voluntary Arrangement (IVA)
  • Have a County Court Judgement (CCJ)
  • Previously have been bankrupt
  • Are self-employed

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Find a reputable dealer

Many car finance providers will only lend money on a car that you are buying from a reputable dealer. Very few will lend on a vehicle from a private seller, particularly if the type of finance is hire purchase. Most lenders will require the dealer to be VAT registered and authorised by the Financial Conduct Authority.

Through our own network of trusted dealers, Red Potato can arrange finance for almost 4,000 vehicles, so you can be safe in the knowledge that we can provide finance for every car on the site.

Choosing the right car

Once you are approved by a lender and have found a reputable dealer, you can find a car within the lender’s criteria. Most lenders’ criteria will cater for the majority of vehicles on sale at good dealers, but it’s good to make sure you know it to avoid disappointment and save time.

At Red Potato, our criteria is simple, the car only needs to:

  • Have a mileage of less than 100,000
  • Be under 7 years old.

Car valuations

One thing to be aware of is the valuation of the car, and the method the lender uses to value the car you intend on buying. To make sure you’re getting a fair deal, most lenders will agree to finance a car based on an external valuation by a 3rd party. This is often done instantly once you inform the lender of the vehicle you wish to buy and it’s current mileage. Usually the valuations are similar, but it acts as a good safety net if you’re unsure of a car’s value.

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This website is operated by Premium Plan Limited. Red Potato is a trading name of Premium Plan Limited, which is registered in England with Company No 05977118. Registered office: Kempton House, Kempton Way, PO Box 9562, Grantham, Lincolnshire, NG31 0EA. Premium Plan Limited is authorised and regulated by the Financial Conduct Authority (FRN: 742272). The Red Potato name and logo are trademarks of Totemic Limited. Premium Plan Limited is a member of the Finance & Leasing Association (FLA).