The Car Loan Centre

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About Us

What do we do?

The Car Loan Centre supply quality used vehicles and finance to customers who have been declined elsewhere, even with poor/bad credit histories. We lend our own money and make our own decisions.

Our aim is simple: To supply each customer with the right finance package to suit their individual circumstances, needs and budget.

How do we do it?

We pride ourselves on being able to consider applicants who have been turned down elsewhere. Every customer's application is assessed by an individual, we do not rely on computer generated credit scores. more info

As we lend our own money, we make our own decisions, so even if you've been refused elsewhere, we are in a position to say YES. We are authorised and regulated by the Financial Conduct Authority (FCA) as a lender. We are also Specialist Automotive Finance Approved by the Finance & Leasing Association.

We have helped 1,000's of customers,
find out how by applying today

How does The Car Loan Centre make their lending decisions?

The Car Loan Centre will assess its customer's applications on an individual basis, taking care to ensure that any finance provided takes into consideration your current circumstances and ability to repay.

As such we base all of our underwriting decisions on you as an individual and your circumstances, and do not use your credit score. Our underwriting process is as follows, we start by requesting a few documents:

  • Proof of ID
  • Proof of Address
  • Last few month’s bank statements

Secondly, although we do not use your credit score we do perform a credit search to confirm your identity. Once this has been completed, one of our underwriters will determine your affordability by reviewing your income and expenditure using your bank statements. On completion of this we will be able to determine a monthly figure that is affordable to your individual circumstances. Once approved for Finance you are passed back to your Sales consultant to arrange a Collection/Delivery date for your new vehicle and for Logbook Loans the money will be transferred to your account.
If you have further questions, please see our FAQ page or feel free to contact us on 03303 800 400

Our Lending Criteria

To apply for finance with The Car Loan Centre you must meet the following criteria:

  • Aged 18 or over (no maximum age)
  • Hold a valid UK/EU Driving Licence
  • UK resident
  • Employed or Self Employed
  • Benefits income accepted
  • Not currently bankrupt
  • CCJs, Defaults, Arrears all considered

 

What makes us different...

  • 100's OF CARS IN STOCK
  • BAD CREDIT SPECIALISTS - CCJS, DEFAULTS, ARREARS, ALL CONSIDERED
  • A LENDER THAT CAN SAY YES!
  • NO BALLOON PAYMENTS
  • NATIONWIDE DELIVERY AVAILABLE!

...and all our cars come with

Request A Callback

But Why Wait?

Our new FAST TRACK  form gives you an Agreement in Principle* Immediately

What makes us different...

  • 100’S OF CARS IN STOCK
  • BAD CREDIT SPECIALISTS - CCJS, DEFAULTS, ARREARS, ALL CONSIDERED
  • A LENDER THAT CAN SAY YES!
  • NO BALLOON PAYMENTS
  • NATIONWIDE DELIVERY AVAILABLE!

...and all our cars come with

The Car Loan Centre is a trading style of The Asset Exchange Ltd. The Asset Exchange Ltd is authorised and regulated by the Financial Conduct Authority, firm reference 729827. Registered Address: The Car Loan Centre, 77 Wollaston Way, Burnt Mills Industrial Estate, Basildon, Essex, SS13 1DJ, registered company no: 08679485.

We are a lender, and not a broker, and operate with a flat interest rate for all customers. We pay our sales team a flat rate of commission for vehicles sold, and this does not affect the terms of your agreement, nor is it affected by your choice of vehicle or the terms of your finance. We may receive commission from other third parties as a fixed fee or fixed % of commission to us for introducing you to their services with your consent. If you elect to purchase one of these 3rd party products/services we may pay our sales person an additional commission for this, For example if you choose to take an extended warranty. If you would like a breakdown of all third parties who may pay us a commission in certain circumstances this can be provided on request.