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Car Finance

Car finance is a great alternative to buying a car outright. It’s likely you’ll be able to get a newer or bigger car than you would otherwise at an affordable monthly cost.

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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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Car finance with Red Potato

Here at Red Potato we can help you find an affordable car finance deal. We’ve been able to help thousands of people secure car finance when they have previously been rejected elsewhere.

Why car finance?

Car finance is one of the most popular ways of funding the purchase of a car. Finance options can allow you to get a better quality car than you may otherwise be able to afford outright. It also means that you’re able to make monthly payments, rather than one large financial outlay. The benefit of this is that even if you can afford the full amount, you will have savings available for other uses. However, you will need to pay interest on any amount borrowed.

Hire Purchase (HP) car finance

All the car loans we provide are Hire Purchase (HP) car finance. This form of loan allows you to finance the full purchase price of the car over 3–5 years. Once you have made all payments due under the agreement, you will then own the car outright. Unlike other types of finance, such as Personal Contract Purchase (PCP), you will not have to make a balloon payment at the end of the contract to own the car.

Other ways to finance a car can include taking out a personal loan or using a credit card. The finance option you choose will depend on your situation. This article can help you to compare the different types of finance if you’re unsure which is right for you.

Poor credit car finance

As a car finance provider initially set up to help those in debt management plans, we have the expertise and resource to help those looking for car finance with bad credit. We can provide car finance even if you have no deposit, have a CCJ, have previously been declared bankrupt or are self-employed.

When reviewing your application, we will consider your credit score, your current financial situation and your ability to repay the loan.

Your credit rating

You should make sure your credit score is something that you regularly check. This is especially the case if you have a poor credit history. There are a number of websites that you can use to get a free credit check including Experian and Check My File.

Calculate how much you could borrow

If you’re unsure of how much you can afford to borrow, you can use our car finance calculator. This will calculate your monthly repayments and amount of interest based on the amount you’d like to borrow. This is calculated without considering a deposit amount. If you can afford to put in money for a deposit then your repayments will be even lower.


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Find your car

As well as sourcing affordable car finance, we can also help you find the perfect car through our dealership. With over 10,000 used cars available we are confident we have something that will suit your price range and lifestyle. We can also take your current car in as part-exchange if you’re looking to sell. With lots to consider when buying a car, we have put together a guide to help you through each step.

Our car search tool can help you find a car that matches your individual criteria. If you’re looking for something with a low monthly repayment then take a look at our low-cost car deals.

If you need help selecting a car then contact a member of our team or call us on 0800 197 9758 to discuss your car options.

Looking for car finance only?

If you have found a car through a different dealer you can still apply for car finance with us.

Please note that we will need to assess any dealer you have chosen before we can offer finance. Just give us the details of the car and dealer and we will help with the rest!

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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).