Car Loans with a Guarantor

• Unsecured personal loan – that is not secured on your car.
• For bad credit – a loan designed for people with a bad credit rating.
• Needs a guarantor – requires someone with a clean credit history & income to guarantee the loan, typically a family member or friend.

Possibly, our lender’s loans are for people with a low credit score 👍

• Affordable bad credit loan – the guarantor loan was designed to bring affordable loans to people with defaults, and CCJs.
• Lower interest car loan – they typically have lower interest rates than other car loan options for bad credit, such as logbook loans, typical rates
  • Guarantor – 29% to 54.9% Representative APR’s
  • Logbook –  89% to 148% Representative APR’s

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 have loans from £1,000 to £5,000

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

• For loans above £2,000 – you will need to have a ‘not too bad’ credit rating plus a guarantor that is a homeowner.

Find out how much you can borrow

(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 👍

This will depend on

• Your application – you getting your application to the lender in good time
• Your guarantor – getting their completed details submitted too

More information

• Fast lenders – see our same day lenders
• No guarantor loans quicker – no guarantor loans can be quicker as you do not need to get a guarantor, but typically more expensive and smaller loans.

Compared to a logbook loan, guarantor loans

Typically lower interest rates

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

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 – depends on the lender that you select.
• This website – free for you to use.
• Cheapest loans – see our lowest APR options
• Quotes – 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 typically cheaper with a better credit score, see how to improve your credit rating.

3 to 60 months depending on the amount and lender 📅

• Amount – typically, smaller amounts have shorter terms and larger amounts longer.
• Lenders – the term varies from lender to lender.
• Longer-term – a longer-term will typically have lower monthly repayments but cost more overall.
• Calculate – our loan calculator lets you play with loan amounts and terms, to see this.
• Quotes – 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?