Car finance is one of the most used ways by people of UK to get a car. It is a very convenient way which has flexible option to offer to the customers, but there are some restrictions in this contract system too. The person must have a good credit score to get a good deal. There are many other requirements too, but the credit score is what determines the type of deal you get the most. Bad credit is something you would consider to be lower than 629. However, different dealers have different definitions of a bad credit score so should always consider going to multiple dealers and you might find a good deal. A good credit score gets you good deals in such a way that you have lower interest rates. A bad credit score leads to a higher interest rate on payments. Shorter loan payments, for instance, 3 year plans, will have lesser interests as compared to longer, 5 year, plans.
There is a chance you can get a good deal with a bad score too. You just need to look around for different dealers. If your score is somewhere near the borderline, some dealers might consider giving you leverage. Some places offer no deposit deals with bad credit score as well.
No deposit deals allow you to get a car only through monthly payments without any initial deposit. The monthly instalment will be a bit higher compared to a case where the deposit was given initially. However, for people who have a low starting budget can go with no deposit deals. It is hard to get a low-interest deal with a bad credit score, let alone a no deposit deal. However, visiting more dealers might get you some help.