Cutting the cost of car finance
- No Deposit
- We help find you the perfect car
- PCP and HP from 8.9% APR
- Free car history and dealer quality check
Over £1.34 BILLION in loans approved in last 12 months
Welcome to CarMoney, the Car Finance Ninjas! We are a dedicated team of expert car finance brokers who are here to make your car-buying experience easy and stress-free!
Our mascot here, Nikki has been trained in the mystical arts of the Ninja, and has been passing his extensive knowledge onto our team to help them slice the price of car finance! We pride ourselves on our fast, simple and transparent process, and our friendly team of ninjas consistently show why we get such great reviews! We are your one-stop-shop to find your next car, our ninjas can help you find the right car, tailor a personal finance solution for you and even have the car delivered to your door, it’s that easy!
Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 18.8%, monthly payment would be £174.22, with a total cost of credit of £2,362.56 and a total amount payable of £9,362.56. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions this can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender.
What would you like to finance
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Apply online in 2 mins
Quickly and easily apply online. It only takes 2 minutes to provide all the information we need to get you a car finance decision.
We’ll find your best deal
We’ll find you the best finance rate and ensure your new car is HPI checked from a good dealership!
You drive away happy
We’ll sort all the details and you just decide when to collect your new car… or we can deliver it to you!
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Our customers love our CarMoney Ninjas
CarMoney Ninja Sean
“Great service, Sean Davidson was great and was always trying to help and give me the easiest experience possible. Thank you very much Sean.”
CarMoney Ninja Alan
“Alan, who I spoke with on the phone, was amazing! He sorted everything out for me, it was so easy and was able to get my car the very next day. Fantastic!”
CarMoney Ninja Sophie
“Sophie who sorted my finance out for car was amazingly nothing was too much trouble for her always kept me up to date. Five stars Sophie. Thanks for everything”
CarMoney Ninja Ellie
“My ninja from start to finish Ellie McGavin I Needed a car it was complete from picking to collecting within 2 days friendly staff great communication brilliant.”
CarMoney Ninja James
“Excellent professional and courteous service nothing too much trouble James was thoroughly committed to helping me source my car”.
CarMoney Ninja Frazer
“Frazer from car money made the experience of getting a car simple and easy. Would definitely recommend to family and friends. Thanks again CarMoney!”
View our Video Testimonials
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CarMoney Ninja William
We compare the best deals from over 20 lenders
Your questions answered
Bad credit is simply when you have a history of not paying bills, or perhaps you have not had time to build up a substantial credit score.
Your credit score consists of five main factors:
- Payment history
- Total amount owed
- Length of credit history
- Types of credit
- New credit
If you have a history of not making payments, building up debt, and making multiple payment commitments you cannot afford then you will be considered higher risk and will have a lower credit score. Even just being under 21 puts you at a disadvantage, as you haven’t had time to build up a decent Credit Score, all of these will therefore mean you are less likely to be accepted by lenders for finance.
If you wish to read more answers to common questions in this area, why not have a look at: Car Finance with Bad Credit | CarMoney
Negative equity is a concept that normally relates to property – falls in house prices can leave owners in a position where they owe more on their mortgage than their home is currently worth. This issue can, for example, present difficulties for anyone who’s thinking about selling a financed car.
When a car slips into negative equity while on finance, it can cause issues. Find out what exactly this means and how to minimize any problems with CarMoney.
1. Our team of expert ninjas can help you even if you haven’t found a car yet! With dealerships up and down the nation, we are sure we will find something to your liking!
2. Your designated Ninja will guide you through the process and answer any questions you may have. They are well trained and keen as a bean to get you the best possible finance rates!
3. We provide some of the most competitive rates from our panel of lenders that can cover even someone with a poor credit score.
4. We provide you with impartial quotes from trusted lenders and don’t push you into a certain deal!
5. We will deliver the car to your door (if you need it) without you having to leave the comfort of your armchair!
You will need a few things to hand when completing an application:
Licence: You will need to at least have a provisional/full UK licence on hand in order to make an application.
Employment status: If you are employed, you will be required to submit payslips from the last 3 months (sometimes more depending on the lender).
Residency: You will need to have proof of address, some kind of utility bill, or a formal document that has your name and address on it. Make sure you send the entire doc, not just the address.
Passport: You will need a form of photo ID that isn’t a driver’s licence, usually a passport.
A common question we get asked! The answer to this question is yes and it doesn’t matter whether you have a car on Hire Purchase (HP) or Personal Contract Purchase (PCP), the process is simple. There are a few steps you will need to take in order to do this:
Get a settlement figure from your current lender. Then, find out the value of your car with any valuation tool. All you will need is your registration. Next, time for a tiny bit of maths, subtract the settlement figure from your car’s valuation price. This will equal the amount of equity available in your car. If you have a positive figure, great news! You can use this amount of money as a part exchange for your next car. However, if the figure is negative, you’ll need to pay that amount of money on top of your new car’s price.
Read more on the subject – Selling a Car that is on Finance | CarMoney
Poor credit history can severely affect your chances of securing any sort of loan/financial service.
Those with a lower credit score are less likely to get competitive rates and may even be refused a loan by some of the lenders. There are, however, ways of getting approved for credit even with a poor credit score, and there are things you can do to improve your score too:
1. Get a Credit Report
A credit report is a good place to start, as it will show you in detail your credit history including your overall score. It will give you an idea of where you’re going wrong and what you can do to improve your chances of getting finance. You can access a copy of your credit report for free from Experian, Equifax or Callcredit.
2. Register on Electoral Roll
If you haven’t already, make sure you register on the electoral roll. Finance companies look at this when they perform credit checks to see if your name and address match up. If you’re registered on the electoral roll, it makes it easier for finance companies to carry out these checks. Being registered won’t transform your credit rating, but it does help and it’s easy to do.
3. Keep up repayments
This may seem obvious, I know but even making sure you pay a phone bill every month or pay off a credit card (if applicable). Small steps are the best ways to gain the trust of the lenders!
4. Keep Applications to a Minimum
The more applications you put in, the more ‘Hard Searches’ will be done on your credit score. If you have a low score and frequently get declined, this can severely affect your score in a negative way. Initially, an eligibility check, or ‘Soft Search’, is a much better idea than a formal application. While it won’t tell you for certain if a finance company will offer you a loan, it will give you a good indication, and it won’t appear on your credit history.
If you wish to read more answers to common questions in this area, why not have a look at: Car Finance with Bad Credit | CarMoney
We compare the UK’s best car finance – fast! Saving you thousands!
When you’re buying a car, you want to know how much you can afford to borrow. And you need to know that you’re getting a great rate. All too often, that information can be hard to come by. Or is unreliable.
But not if you leave everything to CarMoney and our helpful ninjas. Simply let us know what kind of car you want to buy, and tell us a little bit about yourself. We’ll credit check your eligibility with the UK’s top lenders and get you approved with a great rate – fast! We compare over 20 of the UKs top lenders so you can be sure that you are getting the best rate loan around. No jargon, and no misinformation here.
A car finance acceptance with us will give you the confidence that you need to walk into the dealership and drive off in the car you really wanted to buy; free from uncertainty and the stress of haggling. We will do all the paperwork and CarMoney finance is accepted at our network of over 12,000 trusted car dealers across UK.
