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Approved Car Finance

Approved Car Finance is a lender specialising in car loans for those with bad credit. Not only do they provide car loans, they are also a used car dealership, operating at a number of locations around the country.

As they are specialising in loans for those with less than perfect credit, you will find that their interest rate is quite a bit higher than with other lenders. However, high street lenders are often not an option for many people.

Approved Car Finance only offers loans for cars bought through themselves. However, if you can't find the car you want at their showroom, they will endevour to find what you're looking for. They also offer a guaranteed £1,000 part exchange for your current vehicle as well as a cash back offer.

They have a fairly short online application form. Within just a few minutes you should then be contacted by a loan specialist who will guide you through the rest of the process.

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Summary Table

Interest Rate	Typical 29.9% APR Variable
Repayment Terms	Varies
Loan Amounts	Dependent on car purchased

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Be aware that Approved Car Finance does have a very high interest rate. However, for those with limited loan options such as those with bad credit or County Court Judgments (CCJs), it might be a good option.

Do remember that they only offer finance on cars bought through themselves so this may limit your option on what car you can buy and the deal you can get on that car. They do, however, say that they will try and get you the car you want, even if they don't have it in their showroom.

All in all, this could be a good offer for those needing a car who can't get finance elsewhere. Just be aware of the high interest rate and any other fees and penalties before you sign on the dotted line.

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