Chat with us, powered by LiveChat Why you shouldn’t be looking for Guaranteed Car Finance

If you’re searching for guaranteed car finance, it’s likely you have a poor credit history. Some companies advertise “guaranteed car finance”, but no credit broker can properly take your own circumstances into account when offering this.

At Red Potato, we don’t claim to offer guaranteed car finance to anyone. Instead, we specialise in providing bad credit car finance based on our lending criteria. This looks at your circumstances and ability to repay the loan as well as your credit score. You should be wary of any car finance company that claims to guarantee car finance to you.

How we can help

We are authorised and regulated by the Financial Conduct Authority (FCA). We provide car finance to our customers through responsible lending and our commitment to treating customers fairly. In addition, we can consider your application even if you:

Although we will try to help anyone in any financial situation, approval for car finance is subject to status and income.

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Your credit rating

We recommend that you check your credit profile before applying for most types of finance, especially if you have bad credit. This can help you to determine whether or not you have bad credit if you're unsure. There are a number of websites that you can use to get a free credit check including Experian and Check My File. If you find that your credit score is low then we have provided some tips on how you can improve it.

Bad credit car loans with Red Potato

Car finance provided by Red Potato is provided under a hire purchase agreement. This means you will borrow the amount you need to purchase your new car. You will then pay this back with interest on a monthly basis for approximately 3-5 years.

We offer finance from 19.9% APR to 29.9% APR. We will confirm the APR you are eligible for when we provide you with a lending decision. The APR you are offered is subject to our underwriting checks. This happens once we have received your documents and completed our affordability checks.

Representative example: Loan amount of £7,500 with a monthly repayment of £191.63 over a term of 60 months at a rate of 10.66% interest per annum (fixed). This is equivalent to 19.9% APR representative. Interest repayable is £3,997.80 with an option to purchase fee of £10.00. Total amount repayable is £11,507.80.

Unlike other car finance providers, Red Potato is also a bad credit car dealership. We can help source the perfect car to suit your budget and lifestyle. We have over 4,000 affordable used cars available from dealers nationwide.

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Enquire About Car Finance

Complete our two stage application form in just 2 minutes and we'll then get to work with our lending panel

Amount can be changed after approval.

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Calculate what you could borrow

Our Car Finance Calculator can help you work out the cost of your monthly repayments based on your car budget.


Rate of interest (Fixed) Per Annum 16.24%. Representative 29.9% APR

Representative Example: Borrowing £5,500 over 48 months with a representative APR of 19.9%, the amount payable would be £162.34 a month, option to purchase fee £10.00, with a total cost of credit of £2,302.32 and a total amount payable of £7,802.32

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).