When it comes to financing a car, everybody has different circumstances and there is no one-size-fits-all way of doing things, meaning there is no way to guarantee car finance. Anybody offering guaranteed car finance is likely to be leading you in with a sneaky marketing ploy - no car dealership, lender or broker can realistically guarantee a car on finance.
Why doesn't guaranteed car finance exist?
Through the 2010 Consumer Credit (Advertisements) Regulation, it is illegal for any company to advertise guaranteed car finance unless they are willing to provide finance to everyone who applies, which would be completely unviable. When going through the finance route with ourselves, there will be a point where our lenders, using their own set of approval criteria, will determine your eligibility for finance. While many will be approved, a small few will not be able to meet these criteria for various possible reasons.
As you may have previously discovered, there are numerous ways in which companies make endeavours to entice customers, usually through the likes of ‘Guaranteed car finance with no deposit’ or with ‘no credit check’. At Stoneacre, we can offer finance with no required deposit and our initial application has no credit check (instead a soft search is performed), but never would we guarantee car finance, it’s just not ethical.
How we can help you
We might not be able to guarantee car finance for you, but we can offer a two-out-of-three acceptance rate and an in-house team that will take you through every stage of applying for finance with Stoneacre.
Not only that, but we also specialise in helping those who might struggle to get finance due to a poor credit history. If you’ve encountered CCJs, IVAs or even bankruptcy in the past, don’t fret as there’s a great chance we’ll still be able to help you attain your next car. Visit our guide on getting a car in such circumstances to find out more.
Coming to us with your automotive needs, you’ll be able to take advantage of the various finance offers we have available, including deals on our hundreds of new cars and on thousands of used vehicles across our 32 dealerships.
Our Lenders include:
Decidebloom Ltd t/a Stoneacre, Winterton Road, Scunthorpe, North Lincolnshire DN15 6AH is authorised and regulated by the Financial Conduct Authority. Our FCA number is 308726. You can verify this by visiting the FCA website or by contacting the FCA on 0854 606 9966. Finance is provided subject to status. All applicants must be aged 18 or over. Open to UK residents only. Complaints: If you are unsatisfied with the way in which we have handled a complaint relating to finance or insurance then you may refer it to the Financial Ombudsman Service (FOS) for review.