Car Loans with a Guarantor

Very possibly, our loans are for people with a damaged credit file 👍

• The guarantor loan was designed to bring affordable loans to people with defaults, and CCJs.
• They typically have lower interest rates than other car loan options for bad credit, such as logbook loans, typical representative APRs:
  • Guarantor - 39% to 54.9%
  • Logbook -  89% to 148%

Compared to hire purchase and car leasing, the loan is not linked to the car 👍

• Buy any car from anyone – with other finance options you can be restricted to certain car makes models, ages, and dealers.

"With a guarantor loan, you can buy any car you like from anyone"

• Buy a cheaper car – with no restrictions on the car you buy and from who, this can mean finding better deals.

"Cheaper second-hand cars are open to you that may not qualify for hire purchase or leasing."

• No restrictions on car use – other finance can have terms relating to returned condition, mileage, and how the car is used.

"With a loan via us, you can use the car exactly how you wish – no restrictions."

We've loans from £1,000 to £15,000

• For loans above £10,000 - you’ll need to have a ‘not so bad’ credit rating plus a homeowner guarantor.

• The amount you can borrow will depend you’re your own personal circumstances.

Find out how much you can borrow

Click Get A Quote

(no impact on your credit score)

No, you can use the money as you wish * 😊

• Affordability - the loan will need to be affordable to you and your guarantor.
• Only borrow what you need - we always suggest only borrowing the amount you need, as remember, the money will need to be paid back with interest.

* Except for gambling, and illegal/immoral activities.

Yes, you can use the money for repairs 🔨

• Save money - repairing can be a better option as sometimes it can be cheaper than buying another car.
• Affordable - so long as you and your guarantor can show affordability, this could be another option.

On receiving a completed application many of our lenders pay out the same day 🗓️

1. See our same day lenders
2. Guarantor loans can take a little longer to get, as you also need to supply your guarantors’ details.
3. No guarantor loans can be a bit quicker, but typically more expensive.

Compared to a logbook loan, guarantor loans

👍 Have typically lower interest rates

• 39% to 54.9% compared to 89% to 148%

👍 Are not tied to the car

• With logbook loans, you're handing over the ownership of your car to the lender until the loan is repaid.

The cost depends on your personal circumstances 🤹

• Interest and fees depend on the lender that you select.
• This website is free for you to use.
• See our lowest APR options
• Getting quotes takes 3-minutes - see lenders that have accepted you (in principle) & Get A Quote

When getting quotes there is no impact on your credit score.

Loan costs are typical cheaper with a better credit score, see how to improve your credit rating.

3 to 60 months depending on the amount and lender 📅

• Typically, smaller amounts have shorter terms and larger amounts longer.
• This varies from lender to lender.
• A longer-term will typically have lower monthly repayments but cost more overall.
• Our loan calculator lets you play with loan amounts and terms, to see this.
• To get actual quotes click here.

See Frequently Asked Questions, plus our most popular questions:

How to find a guarantor for a loan?

What is a guarantor loan?

Who can be a guarantor for a loan?