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Pegasus Personal Finance

Call0800 066 2882

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(8.9% APR illustration)

This does not constitute a quote, rates may vary depending on personal circumstances.

I need a new car but my credit history isn’t great. I was unemployed for quite a while going back a few years ago and my finances got in a bit of a mess. I am mostly caught up now but really could do with a more reliable car to get to work. I tried an experian report and my credit score was quite bad but a friend of mine who also has bad credit suggested I contact you as you helped her to get car finance.

Hi Simon and thanks for your email about bad credit car finance. You have definitely come to the right place for help and advice when it comes to arranging car loans as we have several lenders who specialise in helping customers who may have had a few problems with their finances in the past but are confident they can afford the monthly payment now. As long as you are employed, have an income of at least £1,000 a month and can back this up with a payslip or bank statement then there is a good chance we can help you get that car you need. Providing you are not bankrupt or in an IVA you can apply online or give one of our friendly advisors a call and we’ll make sure we do our best to help.

About The Expert

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we will receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. 48 payments of £218.49 per month. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Terms available 12-120 months, 5.9%-49%APR. Pegasus Finance do not provide financial advice.

We can introduce you to a limited number of lenders that offer finance products, but we do not offer any advice or recommendations. We do not charge you a fee for our services, but we receive commission from the lenders we introduce you to. The commission we receive is either a fixed fee or a percentage of the amount you borrow but the existence of commission does not affect the amount you will pay under the agreement. The commission we receive varies depending on how you are introduced to us, which lender we place you with, and which finance product you choose. We will pass a proportion of the commission we receive to the motor retailer that introduced you to us. The commission we receive and pay will not affect the amount of interest you pay under your credit agreement, when compared to customers in circumstances similar to you. We will always introduce you to the lender that provides products for your needs, at the interest rate suitable for your credit profile. If you ask us, we will tell you the amount of commission we are paid for introducing you to the finance lender.

Pegasus Finance, Technology House, Station Road, Alton, GU34 2PZ