Check if youare eligible

Get approved risk-free with Stoneacre's soft search

Guaranteed Car Finance: Explained

Does guaranteed car finance even exist?

Guaranteed Car Finance

Let's cut to the chase: guaranteed car finance with no credit check doesn't exist, and anyone suggesting otherwise is likely to be reeling you in with a false offer. It's hard to see how any party could deliver such a 'guarantee' on used or new cars when there are so many aspects to factor in before approval. Here at Stoneacre, we try and look at the bigger picture and not just your credit score, so let's get into more detail as to what's behind 'guaranteed car finance'.

Dealers and brokers have no control over whether a customer is approved for car finance. It is up to the lenders, who have the final say which is why any such claim of 'guaranteed auto financing' is certainly misleading.

The decision as to whether a customer is credit approved is based on what’s referred to as a scorecard. Lenders want to make sure that the people they lend money to can repay the amount. This ultimately means that there's zero chance of anyone being guaranteed car finance by default. It would also be unethical as lenders would end up lending money to people who can't repay.

Representative Example

Cash Price£16,551.73
Deposit£1,578.78
Term49 months
Payment£367.83
Amount of credit£14,972.95
Fixed Interest4.99%
Representative APR10.62%
Total Charge for credit£3,449.86
Option fee (included in total charge for credit)£399.00
Total Amount Payable (Incl. Deposit)£20,001.59

We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders may pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions.

Fees with guaranteed car finance

Car Finance Fees

Some unethical online brokers charge a ‘guaranteed finance’ application fee of up to £299. Although they might promise a money-back guarantee, this is often bound in tight terms and conditions, so you’d need to be a legal genius to navigate the terms and receive a full refund.

Even after paying a fee, you aren't guaranteed to finance, and if offered, the rates can be high. You might also be expected to find a guarantor, someone who can pay on your behalf if you find yourself in a position where you can't pay. In short, both guaranteed car finance and this type of 'finance' without a guarantor, doesn't exist.

At Stoneacre, we never charge you to make any such inquiry.


Guaranteed car finance for bad credit

Bad Credit Car Finance

Phrases like ‘guaranteed car finance' are used to attract people who can be taken advantage of. Interest rates are extortionately high, so it is important to stay aware of any company claiming 'car dealers with guaranteed finance'. It is unfortunate, but guaranteed acceptance on car finance is never an option.

With Stoneacre, you can apply for bad credit car finance instead. No actual credit check is another myth – we use a soft search check, but you will still need to go through the hard credit check before you can be approved for car finance.

We work with specialist lenders who cater to various circumstances, so if you have a poor credit score or have had financial difficulties in the past, the good news is that car finance is still within the reach for you.


Stoneacre Car Finance Solutions

Stoneacre run an ethical approach to providing car finance. We specialise in assisting applicants with a history of adverse credit. Although we're unable to guarantee acceptance, we do deliver a two-out-of-three approval rate.


Even if you have one or more defaults, CCJs, or an expired bankruptcy, we may still be able to help.


Guaranteed finance is not legally possible, but perhaps you’re looking for bad credit car finance? Do be aware that a credit check is undertaken for this kind of car finance.

Free Finance Check
Free Finance Check


Check Your Eligibility


Stoneacre offer an wide range of free finance resources for drivers looking to buy. Through the Stoneacre website, you can even check your car finance eligibility with our online form. The enquiry form is simple and quick to fill in, with absolutely no impact on your own existing credit score.



Soft Search


Unlike most companies, we offer a 'soft search' which is ideal for those looking for how attainable finance might be. As a result, you can easily get an indication of your eligibility. We do conduct a full credit check later down the line, but only if we believe you can get finance. This way, your credit profile isn't harmed.


Red Hyundai i10


Part Exchange


Looking to part-exchange? If you require a car valuation, Stoneacre can offer you a free, no-obligation, valuation tool. This handy car calculator can give you a good indication of what your vehicle is currently worth. It's the perfect place to go when you're preparing for your part-exchange!


Free Finance Check


Check Your Eligibility


Stoneacre offer an wide range of free finance resources for drivers looking to buy. Through the Stoneacre website, you can even check your car finance eligibility with our online form. The enquiry form is simple and quick to fill in, with absolutely no impact on your own existing credit score.



Soft Search


Unlike most companies, we offer a 'soft search' which is ideal for those looking for how attainable finance might be. As a result, you can easily get an indication of your eligibility. We do conduct a full credit check later down the line, but only if we believe you can get finance. This way, your credit profile isn't harmed.



Part Exchange


Looking to part-exchange? If you require a car valuation, Stoneacre can offer you a free, no-obligation, valuation tool. This handy car calculator can give you a good indication of what your vehicle is currently worth. It's the perfect place to go when you're preparing for your part-exchange!


The law on guaranteed car finance

Car Finance Laws

The 2010 consumer credit act states that making false or misleading claims in relation to consumer credit is an offence. This act states advertisements must not contain the expression 'loan guaranteed', unless there are no conditions to the credit worthiness of the borrower.

Any dealer or broker promoting ‘guaranteed’ car finance is likely to be in breach of this.

The consequences can lead to a full Financial Conduct Authority (FCA) investigation and enforcement action.

Given the FCA's focus on Treating Customers Fairly (TCF), the promotion of guaranteed car finance shouldn't be happening. However, considering that around 60,000 companies fall within the FCA's jurisdiction, policing them all must be a mammoth task and it's conceivable that some will slip through the net. Proof of this can be found by simply browsing dealer and broker websites.

Loading