Car finance is a way to spread the cost of a vehicle over monthly payments instead of paying the full amount upfront. It usually comes in the form of a Hire Purchase (HP) or Personal Contract Purchase (PCP) agreement – though other finance products are available. With car finance, you borrow the money needed to buy the car and repay it in fixed instalments, often with interest.

Yes, you can often still get approved for car finance with bad credit, poor credit history, or even no credit record. Many lenders offer specialist bad credit car finance designed for people who have struggled with borrowing in the past. Approval will depend on your circumstances, such as income, affordability, and current debts, but having bad credit doesn’t mean automatic rejection.

Sub-prime finance is not guaranteed and may cost more than finance provided by a prime lender. We will try to obtain finance for you but there is no guarantee. It may be from a sub-prime lender, and if so, the cost of finance may likely be at a higher rate than prime lenders offer.

To apply for car finance, you’ll usually need:

• Driver’s licence
• Proof of income

These documents help lenders confirm your identity, check what finance options are available to you based on your income, and process your application quickly. Having them ready can make approval faster and easier. Your dedicated advisor will review your details and confirm if any additional documents are needed for the finance option available to you.

Not always. While some car finance deals require a deposit, there are plenty of no-deposit car finance options available. This means you could drive away without paying anything upfront and simply spread the cost across your monthly payments. A deposit, if you can afford one, will usually lower your monthly repayments, but it isn’t always necessary to secure approval.

The car finance approval process varies depending on your individual circumstances and the information provided in your application. Factors like your credit history, affordability, and the documents you submit can all influence how quickly a decision is made. At UCan Car Credit, we work to keep the process as smooth and stress-free as possible, and we’ll keep you in the loop every step of the way.