Is there such thing as guaranteed car finance?

Oct 12, 2020 | News From LMC | 0 comments

If you have been searching for car finance, you may have seen and heard the phrase ‘guaranteed car finance’ but, does it really exist?

The short answer is no, no one can guarantee car finance, as there are too many moving factors involved in the process. Here’s why…


Car finance really depends on your personal financial situation. This is a big factor when applying for car finance as your earnings and credit rating are taken into consideration. Without knowing these factors, it is hard to build a picture of you as a lender and so, how could it be guaranteed that you could be accepted for car finance, without knowing if you can pay back the borrowed sum?


Lenders come in all shapes and sizes, some even specialise in bad credit car finance. Because of this, it is hard to say who would be accepted as it is not a one size fits all approach and every lender will look at the application differently.

The market

Different factors beyond your control will impact being accepted for car finance too. Things like market trends and big issues going on in the world will impact how much lenders are willing to lend when it comes to car finance and other things.

The car

Either the value of the car or the amount you are asking to borrow will impact whether or not you are accepted for car finance. Asking lenders to agree without seeing any facts or figures is virtually impossible, so they would not be able to offer a guarantee. 

Therefore, there is no such thing as guaranteed car finance, but at LMC we will try our hardest to find a deal that is right for you. To find out more, please get in touch with a member of the team.