What are the pros and cons of applying for bad credit car finance?

Before you apply for car finance with a poor credit history, it’s important to weigh up the pros and cons of doing so:

What are the pros of bad credit car finance?

What are the cons of bad credit car finance?

Enables you to purchase a vehicle

It is harder to get approved

You can ask someone to be a guarantor

You may need to pay more up front

Work with a broker who can put you in touch with specialist lenders

You may be restricted to borrowing a smaller amount