Refused car finance
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We’re a credit broker not a lender. Rates from 8.9% APR. Representative APR 11.9%
Representative Example: Borrowing £25,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £5000.00 the amount payable would be £362.01 per month, with a total cost of credit of £7,376.69 and a total amount payable of £17,376.69. Based on 6,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
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What is Refused car finance?
Car finance is a common alternative to purchasing your next car outright and involves an agreement with a lender to pay over an agreed time period.
Refused car finance occurs when a lender declines a car finance application, typically due to factors such as adverse credit history, insufficient income, or failure to meet eligibility criteria.
Your payments can depend upon what car you decide to purchase, how long you wish to purchase it over, whether you wish to own the car, and how much you wish to pay upfront.
Why Choose Refused car finance?
Here at Fast Easy Finance, we’re committed to transforming lives, quickly and with no hassle. With a dedication to excellence and a commitment to unparalleled customer satisfaction, here`s why you should choose us:
What is refused car finance?
-Refused car finance occurs when a lender declines a car finance application, typically due to factors such as adverse credit history, insufficient income, or failure to meet eligibility criteria.
Why was my car finance application refused?
-Common reasons for car finance application refusal include adverse credit history, insufficient income or affordability, failure to meet eligibility criteria such as age or residency, or discrepancies in application information.
What can I do if my car finance application is refused?
-If your car finance application is refused, you can consider reviewing your credit report for errors or areas for improvement, addressing any outstanding debts, increasing your income or savings, or applying with alternative lenders who specialise in financing for individuals with adverse credit.
What are the different types of Car Finance?
We appreciate there are many different types of Car Finance products for you to choose from, and knowing which one meets your needs best is the key to happy financing. See a few of the different types below.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.
Personal Contract Purchase (PCP)
The loan is secured against the car, but you don't own the car when the loan term ends.
Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.