Buying a car with bad credit history: How Sun Motors specialises in refused car finance applications
HAD an application for car finance turned down? Finding the right car is an exciting journey, but securing the funds to drive it home can sometimes feel like an uphill battle.
It’s not always plain sailing, and there are several reasons why mainstream direct lenders might reject your application for car finance if you can’t afford to buy outright – and many of us can’t.
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So, whether you’re looking to find out whether you can apply for car finance with poor credit, how much you’ll be allowed to borrow and more, read on to discover how Sun Motors has been designed to offer Unique Direct Lender access for those refused car finance elsewhere.
Why car finance applications are rejected
Understanding the reasons why some car finance applications are rejected can help you take steps towards a solution, but some common reasons include:
- Poor credit history: Lenders often look for responsible borrowing and repayment history. Missed payments, defaults, or bankruptcy can lower your credit score and reduce your chances of approval
- High debt-to-income ratio: If your monthly financial obligations, such as credit card payments and loans, are high compared to your income, lenders may view you as a risk.
- Insufficient credit history: A lack of borrowing history can make it difficult for lenders to assess your financial reliability.
- Overly ambitious loan applications: Applying for a loan amount that exceeds your financial capacity may lead to rejection.
What happens if you’ve had an application for car finance turned down?
If you’ve had an application for car finance turned down, it’s natural to feel disheartened.
Traditional lenders often have stringent criteria that may leave you out of options, particularly if you have a less-than-perfect credit history.
However, Sun Motors provides access to a direct lender that specialises in handling refused applications.
This unique partnership ensures that even those who’ve faced challenges securing car finance in the past can find a solution tailored to their needs.
With flexible options and a focus on affordability, the journey to owning your ideal car doesn’t have to stop
at rejection.
How does car financing work with Sun Motors?
Sun Motors applicants can access a wide range of finance options that specialise in helping individuals who’ve been refused car finance get back in the driver’s seat.
Sun Motors offers:
- Flexible options designed for those with poor credit, and a relationship with a specialist direct lender that lends their own money, offering Hire Purchase deals on quality used cars
- The Sun Motors services are uniquely accessible to customers who’ve struggled with other financing options
What are the criteria for applying for car finance through Sun Motors’ funding partners?
To apply for car finance with one of our funding partners, you must meet the following criteria:
- Be aged 18 to 75 when the agreement starts.
- Be a UK resident (including Northern Ireland) for at least three years.
- Be in stable employment, able to provide three months of bank statements and payslips.
Self-employed individuals are also considered, although additional documentation may be required.
Sun Motors: Buy your next vehicle today
If you’re part of the 3.3 million Brits looking to buy a used vehicle this year, Sun Motors is an ideal place to start
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Sun Motors is a seamless, straightforward, transparent platform that ranks by customer searches, not payments. It offers innovative financing and concierge services, ensuring a simple, fair car-buying experience.
Enjoy:
- A choice of fuel type whether it’s petrol, diesel, electric or hybrid
- A range of models from convertible, estate, saloon and many more
- A range of top brands such as Ford, Volkswagen, Toyota and BMW
- Financing options
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What checks are done when I apply for car finance?
All you have to do is complete a quick, 60-second finance application to receive a quote tailored to your personal credit profile and circumstances through one of our funding partners.
Our funding partners perform standard checks to confirm your identity and ensure affordability. These include:
- Driving licence: A valid and up-to-date licence is required
- Selfie with ID: A photo of yourself holding your driving licence may be requested to protect against fraud
- Proof of address: A minimum of three years address history is typically required, supported by documents like utility bills or council tax statements
- Proof of income: Bank statements and payslips for the last 3–6 months may be needed to confirm affordability
- Credit profile: With your consent, a hard credit check will be performed to assess your financial history and repayment behaviour
Can I apply for car finance if I have poor credit?
Yes! Our funding partners work with a wide panel of lenders to find an option that suits your circumstances, even if you have a poor credit history.
How much can I borrow to buy a vehicle?
Finance options through our funding partners typically range from £3,000 to £50,000, depending on your credit profile and individual circumstances.
For larger amounts exceeding £50,000, specialist lenders are available to support higher-value purchases.
How will I know what my monthly repayments will be?
Your monthly repayments will depend on the amount you borrow, the loan term, and your interest rate, which is determined by your credit score and financial circumstances.
You can use the Car Finance Calculator provided by our funding partners to get an estimate.
For an exact quote, you’ll need to complete a digital checkout application on a specific vehicle.
What vehicles can I finance through Sun Motors’ funding partners?
Through our funding partners, you can finance a car or van listed on Sun Motors. However, finance for taxi purchases is not available.
You can find the selection of cars available on finance and vans available on finance on the Sun Motors site.
Buying a used car? Check out Sun Motors and find your next vehicle today. Whether you’re looking for automatic, manual or electric, use Sun Motors to decide on your next model.
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