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Choose Your Finance Options


Wheelie Good Finance is a credit broker, not a lender. Our rates start from 7.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £6,500 over 48 months with a representative APR 19.8%, an annual interest rate of 19.8% (Fixed) and a deposit of £0.00, the amount payable would be £191.62 a month, with a total cost of credit of £2,697.76 and a total amount payable of £9197.76.

Good Choice Money Limited T/A Wheelie Good Finance act as a credit broker not a lender. Via our panel of lenders we may be paid a fee based on the total amount of credit provided, calculated as a percentage of the balance financed or a fixed fee for completed agreements. You will not pay more as a result of our commission arrangements.

What our customers say

A very easy process from start to finish. The staff were on hand to help with any questions and kept me informed.

Let's Get You Started

Applying with us only takes a couple of minutes and won't affect your credit score

What is Car Finance?

While you may have heard of car finance, if you’ve never looked into it or applied before, you may be unfamiliar with how vehicle loans work. The main thing to remember is that car finance can be incredibly flexible - there are a number of different options available, and you should be able to find a solution that meets your needs. 

Car finance is essentially a way to buy a vehicle without having to cover the cost outright. It’s not always easy to save up to purchase a car, especially if you want a newer, more reliable model. Vehicle finance is a similar process to getting a mortgage - you can spread your repayments through a secured loan. This means that the loan is secured against some form of collateral - in the case of a mortgage, this would be your home, and with car finance, it would be your vehicle.

Secured loans can be easier to access than other types of credit, but it is important to remember that if the loan is defaulted on, the lender has the option of repossessing your collateral. Secured loans can be a good option for people with bad credit, as lenders take on less risk with these sorts of loans.

There are two main options when it comes to vehicle financing. These are hire purchase and personal contract purchase - we’ve outlined both in more detail below:

Hire Purchase (HP)

With a hire purchase agreement, you’d generally make an initial deposit, and then fixed monthly payments. HP works in a similar way to any other type of loan, in that you’re spreading the cost of a purchase, along with any interest applied, over a longer period of time. And once the agreement comes to an end with HP, you’ll own the car outright. 

Personal Contract Purchase (PCP)

PCP works a little differently to hire purchase. Although you’d also be making monthly instalments, these would not be going towards the cost of the vehicle, but the car’s depreciation. Throughout the agreement, you’ll be paying the difference between the initial sale price of the vehicle and its estimated worth at the end of the contract. 

At the end of your term, you can then choose one of three options. You can buy the car by making a balloon payment (which will be the estimated value of the vehicle after depreciation), enter into a new PCP arrangement, or walk away entirely. 

Bad Credit Car Finance

Many UK lenders understand that not everyone has a perfect credit score, and that getting a car on finance isn’t always easy for those with a poor credit history. That’s why specialist bad credit car finance lenders exist - they want to help people seeking a car loan get access to the money they need.

Here at Wheelie Good Finance, we work with a number of lenders who will consider your application, even if you have a low credit rating. Things like your affordability, which will mostly be determined by your income and expenditure, will also be looked at, not just your credit history. 

For more information on bad credit car finance, you can check out our bad credit guides, which explore things like CCJ and IVA vehicle finance. Here, you’ll also find helpful tips on how to improve your credit rating. 

Commonly Asked Questions

It's OK to have questions

Nobody has all the answers! And if you still have questions, you can check out all of our frequently asked questions.

To complete your application, you could need the following things to hand:

  • Your driving licence
  • Information about your employment
  • Another form of identification, usually a passport
  • Proof of address, usually a utility bill (needs to be dated within 90 days of your application)

When applying for car finance through Wheelie Good Finance, you’ll need to possess a full or provisional driving licence, be a UK resident, be aged 21 or over and have a net income of £1,000 or above. You don’t need a perfect credit score to qualify - all credit histories are considered by our panel of lenders.

Our online application shouldn’t take more than a few minutes to complete, and you’ll then get a quick decision on screen. Just bear in mind that you can speed up the process by having the appropriate paperwork to hand!

Who actually owns the car will depend on the agreement. If you take out a personal loan to cover the cost of the car, you’ll own it immediately. But with hire purchase (HP) and personal contract purchase (PCP), until you make the final payment (which would be a balloon payment for PCP), the lender technically owns the car.

There is no credit rating limit for car finance, but the better your score, the more likely you’ll get approved at a lower rate.

When you make an application with Wheelie Good Finance, we’ll only undertake soft credit checks, which won’t impact your credit score. It’s important to bear in mind though, that if you’re matched with one of our lending partners, they may choose to undertake a full credit check, which would be reported on your credit file.

What our customers think about us:

Brilliant service very friendly staff

Brilliant service very friendly staff who made the whole thing very easy.

Brilliant service very friendly staff

Brilliant service very friendly staff who made the whole thing very easy.

Brilliant service very friendly staff

Brilliant service very friendly staff who made the whole thing very easy.