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How My Car Credit Works

A simple online process, with a rate that's tailored to you.

How My Car Credit Works

How My Car Credit Works

A simple online process, with a rate that's tailored to you.

How My Car Credit Works

How My Car Credit Works

A simple online process, with a rate that's tailored to you.

How My Car Credit Works

Want to apply for car finance and wondering how car finance works? My Car Credit takes you through the simple process of applying for car finance online.

Our car finance application process is one of the simplest around. What’s more, our customers tell us we make the car buying journey easy and stress-free. 

Crucially, rather than reeling you in with an attractive but inaccurate rate, we give you a real decision based on your personal circumstances and credit profile.

We also don’t mind if you secure your finance first or find a car and then apply. However, if you are still looking, we have a network of trusted dealers to choose from. 

With your initial application being soft search only, you’ve got nothing to lose – apply today and get a fast, online decision on car finance.

From 6.9% APR. Representative APR 14.9%.

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Step 1. Application

1. 

Complete an application, get a real rate, without impacting your credit score.

Our simple online form takes just minutes to complete, and we’ll give you an instant, online decision in principle. Where we give you a rate, this is an exact rate of finance based on the information you’ve provided. We only do an initial soft search so you don’t need to worry about your credit file whilst you weigh up your options. 

Step 1. Application
2. Car credit specialist

2.

Catch up with your personal Car Credit Specialist.

You’ll be assigned a Car Credit Specialist, who will get in contact to answer any questions, and will be on hand every step of the way. Our advisers are friendly and experienced and we get tons of fantastic feedback from customers about them!

2. Car credit specialist
3. Find your car

3.

Choose a car from any reputable dealer.

This is the exciting bit! Now you know how much you can borrow, you’re ready to go car shopping. Your Car Credit Specialist can guide you through finding the perfect car from one of our trusted dealers, or give us details of the car you’ve found and we’ll check that your dealer is top notch.

3. Find your car
4. Say hello to your new car

4.

Say hello to your new car!

We do all the legwork with the lender and the dealer, without it costing you a penny. Once you’ve signed your documents from the comfort of your home, the funds are transferred the next working day and you’re good to collect your car!

4. Say hello to your new car

Require more help?

Can’t find the information you’re looking for? Need some support or guidance? Get in contact – our friendly and experienced Car credit Specialists are here to help!

Require more help?

Get in contact – our Car Credit Specialists are here to help!
My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 14.9%, annual interest rate (fixed) 14.85%, 47 monthly payments of £204.69 followed by 1 payment of £214.69 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,335.12, total amount payable is £9,835.12.

My Car Credit is a credit broker and not a lender.