Are you on the look out for guaranteed car finance with no credit check? If the answer is yes, then you have probably already come across countless, supposedly genuine offers of guaranteed car loans and finance. Most applicants don't realise that it is actually little more than deceptive marketing, and no lender, broker or dealer can realistically guarantee an approval. Guaranteed car finance dealers are a work of fiction.
Guaranteed car finance isn't actually guaranteed at all. Why? Because lenders have their own set of approval criteria that they work to in order to mitigate the risks involved in lending their capital; flexible these criteria may be - unless you meet it - your application is likely to be turned down. Despite this, many lenders go out of their way to promote such an offer and some even goes as far as charging a one off administration fee for their service, but even after stumping up the cash there's still no guaranteed car on finance. You could also be left out of pocket regardless of whether you are granted an approval or not.
There are also countless lenders and brokers who advertise guaranteed car loans, once again it simply isn't a true representation of the service they offer. These loans are governed by the same constraints as guaranteed car finance meaning it's not a guaranteed service at all. An individual’s current circumstances including employment, income and expenditure all have to be taken in to consideration before pre-approved car finance can be arranged.
It simply wouldn't be ethical for a lender, broker or dealer such as ourselves to allow every customer to drive away with a car on guaranteed finance, no questions asked. Aside from the ethical stance, the 2010 Consumer Credit (Advertisements) Regulation made it illegal for any company to advertise guaranteed finance for cars unless they are actually willing and able to provide finance to everyone one who applies.
A guaranteed car on finance is something that Stoneacre don't advertise or offer because it's simply not viable to offer such a product. We believe in ethical lending and are therefore only able to determine an individual's eligibility for one of our pre approved car finance products after receiving a full online application. Although in an ideal world, guaranteed car finance with no credit check would be a welcome lifeline for those who have suffered from financial hardship or even have no credit history at all; it simply isn't possible. We do, however, have some of the industries highest acceptance rates and base our decisions on your actually ability to manage a monthly repayment schedule in addition to your existing monthly outgoings. We don't simply scan a credit report and instead take other factors into consideration; you may still be eligible, even with the worst financial history in the world.
Although it's not guaranteed car financing, we can provide a free online application and have a large panel of UK based lenders, which gives us access to 100s of possible finance packages. Once you've been approved for finance, you are under no obligation to accept and you could be driving your new car away within hours.
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 Finincial Ombudsman Service (FOS) for review.