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 |
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