Car finance eligibility checker

A soft credit check reviews your credit file without affecting your score or being visible to other lenders. A hard credit check is visible on your report and may impact your score if too many searches are performed in a short time.

No, Carmoola’s car finance eligibility checker runs a soft credit check, which does not impact your credit score or future borrowing. If you continue with a full application, we will conduct a hard credit check when you sign the agreement, which may impact your credit profile.

Our car finance eligibility checker looks at your current affordability, not just your credit history. If you’ve had missed payments or defaults in the past, bad credit car finance may still be an option, depending on the lender and your overall financial profile. Carmoola assesses your overall financial profile, not just your credit score, to show your likelihood of approval.

Even if you’re new to credit or have a limited credit history, Carmoola will check your eligibility using other financial indicators, without affecting your score.

If you’ve recently relocated to the UK, Carmoola will assess your application using the information you provide, even if your UK credit history is limited.

We need to ask for a few personal details to run a soft credit check and ensure you meet our eligibility criteria. You can read more about how we process your personal information in our Privacy policy.

When you use Carmoola’s car finance eligibility checker, we’ll show you a personalised APR (Annual Percentage Rate). Unlike generic Representative APRs, a personalised APR is your interest rate, based on your credit score, financial profile, loan amount, and term.

APR reflects the total yearly cost of borrowing, including interest and any fees. It’s a clear way to compare finance offers and helps you understand exactly what your car loan will cost.

Once you’ve filled in your details, your car finance eligibility result appears within 60 seconds on your screen. There’s no waiting, no inbox refreshing. We’ll also email your result so you have it on hand if you want to come back later.

Carmoola’s car finance eligibility checker is available to anyone who:

• Is aged 18 or over
• Is a UK resident

It’s free to use and doesn’t affect your credit score.

Your pre-approved budget is the amount we may be able to lend to you once we've verified all your information. This figure is subject to further checks and doesn't mean you're guaranteed to be accepted.

If you’re rejected for car finance, you can reapply after 60 days. If your circumstances have changed by then, this may result in a different outcome. In some cases, we may act as a credit broker and introduce you to other lenders who might be able to help.