Welcome to the Carzoopa Blog

Here you'll find a whole host of top tips, news and other information about all things car finance, help with buying a used car and more. Enjoy!


For those who have struggled with their finances or made mistakes in the past, it can be difficult to secure the credit that they need to be able to buy a car – which for most people is an absolute necessity. So, if you are being punished for events in your past, resulting in a low credit rating, how can you buy a car on finance with bad craedi?

Your credit rating looks at your past to give searchers an idea of how good a `borrower` you are. This means that it will look at your history of credit and how effective you have been at paying it off. Unfortunately for some people, this means that they are punished for things that have happened in the past – even if they have changed.

Buying a Car on Finance with bad credit

For most people, car finance is needed to be able to afford to buy a car, so securing finance is very important. So, if you have a bad credit history, how can you secure car finance?

  • Improve your credit rating – Try taking out a low limit credit card or mobile phone contract and paying on time every month to start to bring your credit rating up.
  • Make yourself easier to find by being registered at the correct address – as on the electoral register.
  • Cut ties with bad creditors – Just by being associated with bad creditors you can affect (and lower) your credit rating. You can resolve this by issuing a note of 'disassociation' against the particular person who is bringing your credit rating down.
  • Try to save up for a larger deposit – Different lenders ask for different amounts, but by saving up a little extra deposit not only will you reduce the amount that you will be borrowing, but can also give the finance company more confidence in you, possibly giving you better interest rates.
  • Unsecured guarantor loan – If you have someone who trusts you, they can act as a guarantor on your loan – effectively taking responsibility for the debt if you fail to make the loan repayments. You will be often given better interest rates than if you take out a loan which is specially designed for people with a low credit rating.

When it comes to taking out a loan it is important that you don't tie yourself into paying off a loan which you will struggle to pay back. It is for this reason that loan companies check your credit history. Be realistic about how much you can pay off, and by using the tips above you can find yourself in a better position to get a loan to buy your car.

Here at Carzoopa we have a stunning range of used cars in our Southampton showroom so why not have a look and visit out Southampton car finance showroom today!



For many people, a car pays an essential part of their life – whether it is needed to get to work, move the family around or even to pop to the closest shop. There are few people, however who can afford to buy a car outright, meaning that for most, the solution is to get some sort of credit. With car finance, buyers can use a loan to get the car that they need.

Unfortunately, there are some people who have slipped up or been through difficult times in the past, meaning that they have a bad credit rating, and this can often have the effect of being turned down for car finance.

If you are one of those people, fortunately there are some things that you can do to help yourself to get accepted for car finance. So, here are five tips to help you to get accepted for car finance if you have bad credit:

  1. Make sure your details are right - Make sure that your credit check is registered to the same address as you are on the electoral register, and that you are holding a full UK driving licence.
  2. Get a small credit limit credit card - Take out a credit card with a small credit limit and set up a direct debit to cover your minimum monthly payments. This will give you a good background to show that you are now responsible and dedicated to paying off the money that you owe on regular basis.
  3. Deposit - Try to save up for a small deposit and have this ready to pay when you take out the loan. By having a small deposit ready, you can improve your application chances by showing that you have saved up as well as reducing the amount of loan that you will need to take out.
  4. Get a mobile phone contract - Take out a mobile phone contract and again, set up a direct debit to cover your monthly payments.
  5. Limit your Applications - Don't apply for too many loans from different loans companies, as the more searches that are made on your credit history are made, the lower your credit score will go.

When you are looking to apply for car finance – especially if you have a low credit rating, it is important to shop around to ensure that you get the best deal. By following these tips you can give yourself the best chance at securing the money that you need to buy the car that you need.

Our friendly team here at Carzoopa can cater for all of your finance needs so why not check out our used cars for sale in Southampton and if you see one that’s right for you, pick up the phone or pop down to out showroom today!



When it comes to securing finance to buy a car, we are often hit with a ton of jargon, so with this in mind, here is an A-Z of words that you need to know in the world of car finance:

APR – Annual Percentage Rate – tells you how much interest you will be paying on your loan.

Balloon Payment – Where you can hold back on an amount of your loan so that you can make a lump sum payment at the end. Of course, you will need to be able to make the final payment, but it means that you can reduce your monthly payments.

CCJ - County Court Judgement – is the court order that might be ordered against you if you fail to make your repayments. It will show up on your credit history.

Depreciation - Over time, and as the mileage on your car increases, the value of your car will go down. This is 'depreciation'.

Equity - The difference between the value of your car and the amount of money that you are owing. If the value of your car is more than you are owing, you have equity – which can help you to buy a new car. If, however, the value of your car is less, you will have negative equity – which will have to be carried over into a new finance agreement if you are hoping to buy a new car.

Flat Rate - When the level of interest of your loan is the same for the complete loan agreement.

GAP (Guaranteed Asset Protection) Insurance - A special type of insurance that you can take out which will fill the gap between what your insurance company will pay out and what you paid for your car.

Hire Purchase - A finance agreement where you make repayments on a fixed interest rate.

Interest Rate - The amount of interest that you will be charged on a loan.

Joint Application - Where you can apply for a loan jointly with another person.

Lease Purchase - A form of hire purchase where you can defer an amount to be paid at the end of the agreement.

Monthly Rentals - Like a Lease Purchase, except at the end of the term you don`t have the chance to own the car.

Net Income - Your earnings after National Insurance and Income Tax.

Option to Purchase Fee - The fee which is charged if you decide to purchase your car at the end of a hire purchase period.

Personal Contract Purchase - Is like hire purchase but with smaller monthly payments, where you have a larger balloon payment at the end, or you hand the car back.

Residual Value - The same as Option to Purchase Fee.

Secured Loan - Most car finance loans are secured against the vehicle itself, so that if you miss payments the car is recoverable.

Term - The amount of time that your finance agreement lasts.

Unsecured Loan - Where the loan is not secured against anything, meaning a greater risk for the loan company.

VIN (Vehicle Identification Number) - The unique identifying number on any vehicle.

For tips and advice you can visit our car finance tips page or if you are looking for car finance right now then why not visit our bad credit car finance page and fill in the application.

We’re a friendly team here at Carzoopa - look forward to seeing you soon!


The Carzoopa guide to great summer drives in Hampshire.

So as the sun is now firmly out this summer in Hampshire we thought we’d run a little research and see where the best places are to get out for a drive in Hampshire.

We’ve scoured sites like The AA, Hampshire Life and The Telegraph and others to come up with a few of our favourite drives in Hampshire. So sit back have a read and get out there in your used car and soak in the Hampshire scenery.

Drive #1 – A 63-mile trip around the Basingstoke and Winchester areas.

If you’re the type that enjoys getting in the car and going for a drive on a Sunday morning, then this really is for you. You’ll get to take in the following sites:

  • Basing House
  • Old Basing
  • The Vyne (NT)
  • Calleva Atrebatum and amphitheatre
  • Silchester
  • Watership Down
  • Winchester Cathedral and Wolvesey Palace
  • Avington House
  • Mid-Hants Railway, Alresford
  • Northington Grange (English Heritage)

For a full breakdown of the journey and additional areas of interest then check out the original article here. -

Drive #2 – Brockenhurst to Beaulieu

If you’re into the new forest and love the rural scenery, then this drive is most certainly for you. Passing through Lynhdhurst, Brockenhurst, Hatchets Pond and more you’ll take in a whole host of scenery including:

  • William the Conqueror’s Royal hunting ground
  • St Michael and All Angels church
  • Highland Water
  • The Lymington River

This really is a perfect early morning weekend drive around Hampshire or one for a balmy summer’s evening. For more information about the route then check out the original article here -

Drive #3 – Chichester to Salisbury – 90 miles

So this route admittedly takes in more counties than just Hampshire – for this route starts in Sussex, passes through Hampshire and ends in Wiltshire.

Now this route is only 55 miles in total as the crow flies however this route in total covers about 90. There is plenty to do in each main city and town on the route so this route could form part of a mini break.

This route, passing through Hampshire takes in the following sights, villages and other POI’s:

  • The “award winning” Avenue de Chartres car park
  • Market Cross
  • Weald & Downland Open Air Museum
  • Uppark House and Garden
  • Winchester Cathedral
  • Arlesford
  • Stockbridgli
  • Salisbury Cathedral

For more info, check out the original article -

So there we have it – our little guide to three great drives around the Hampshire area. We hope you’ve enjoyed having a read.

We like giving a few tips here at Carzoopa so why not check out our used car tips page or our car finance tips.

Alternatively, we stock a good range of used cars in our Southampton office so get in touch with us if you are looking for a used car or finance for a used car purchase.


The Carzoopa Used Car Finance Jargon Buster

It can be a minefield at times when you’re trying to understand car finance. All of those abbreviations, funny words etc can be a bit baffling so here’s our Carzoopa used car finance jargon buster.

We’ve put together an A-Z of all of the main words that you’ll come across on a daily basis. From admin fees to conditional sales to fixed rate, we’ve covered it all. Here we go…

A is for...

APR - This stands for Annual Percentage Rate and is the amount your credit costs you each year. It doesn’t factor in other charges or further interest.

Admin Fee – This is the charge that is usually applied for collating documents such as drivers licences, proof of ID and all of the other paperwork that needs to be filled in while we process an application.

B is for...

Balloon Payment – This payment guarantees the cars future value.

Balance financed – This is the amount that the loan will be. For example of a car is sold for £5,000 and you out down £1,000 then the balance finance is £4,000.

C is for...

Conditional Sale – Here the sale of the car is dependent on the customer meeting the terms of the agreement such as repayment instalments and more.

Cost of credit - The cost of credit is the additional amount you have to pay on top of the amount you borrow. This includes interest, admin fees and other charges.

D is for...

Document Fees – These fees cover the cost of filling out all of the documents in relation to setting up the finance agreement. Depreciation – This means the amount that a car has gone down in value.

E is for...

Early Settlement – This is where you can pay off the finance on the vehicle earlier than if you were to wait to pay all of the instalments as per the payment plan.

Equity – This figure is the difference between the market value of the car and the amount of loan you still have to pay including interest. For example if the car is worth £1,000 and you have £500 left to pay then the equity is £500.

F is for...

Fixed Rate – This means that you pay a fixed rate of interest during the lifetime of the repayment plan.

G is for...

Guarantor – This is where you ask a member of your family or a friend to ‘guarantee’ the payments.

If you are unable to make a payment then your guarantor makes the payment instead.

Guaranteed Future Value - This is established right at the start if the agreements and takes into account factors such as the length of the finance term, expected mileage and more.

H is for...

HPI check – This is where a check is carried out on a used car before finance is agreed. The car’s history is looked into to see if it has ever been written off in an accident or stolen. Furthermore it will check to make sure that there isn’t any finance remaining on it already.

I is for...

Insurance – I think we all know what this is. Just in case you don’t; you need it to legally drive a car on the road.

Interest rate – This is the amount you are charged on top of the car finance loan amount to effectively rent the money.

J is for...

Joint Application – This is where two or more people look to get finance arranged between them on the same car. For example a father and son, two friends or a married couple.

L is for...

Lender – this is the company that lends money to the borrower to buy the car.

N is for...

Negative Equity – Simply out this is the difference between the value of your car and the amount still owed on the car finance agreement.

O is for...

Option To Purchase Fee – This is where (if you have the option) you are able to make a payment at the end of the finance term and ownership of the car gets transferred from the car finance company to you.

P is for...

Part Exchange – This is where you trade in your old car for a new one and use the funds as a deposit; possibly as part of the car finance agreement.

R is for...

Residual Value – This basically means what your car is worth at the end of the car finance agreement. Usually this is determined by the mileage, condition of the car etc.

S is for...

Secured Loan – This is where your car finance agreement is ‘secured’ against another asset such as a house.

Secondary Rental – This is where you can take out a further rental agreement on the car after the term has completed should you wish to keep making payments to use the car.

T is for Term...

The car finance ‘term’ is the length of time over which you agree to pay back the money you have borrowed for finance the car.

U is for....

Unsecured loan – This is where the car finance loan isn’t secured against another asset such as a property.

V is for...

Variable Rate – This means that the rate of interest that you pay is varied dependent on the base rate set by the Bank of England.

Looking for used car finance in the Southampton and Hampshire areas? Then check out our car finance page (link to and submit an application today.


Car Finance Questions and Answers from Carzoopa

We’re a friendly bunch here at Carzoopa so we’ve put together a quick list of questions that people often ask when looking to secure car finance.

We have an FAQ section on the site however here are a few of the key ones we’re often asked:

1. Do I need to have a job or have a regular income?

Everyone’s situation is different and each car finance decision is made on a case by case basis so factors such as the ability to pay come into play and for self-employed people the car finance company may look at factors such as assets etc.

People that are unemployed will often need to be able to show three months of bank statements to prove the ability to pay. This doesn’t mean that they will definitely get the car finance but it will help with the process of securing finance in a used car.

2. How important is my credit history?

Across the board to get a more competitive rate of interest on a car finance deal it helps to have a better credit history. Nevertheless there are plenty of finance providers out there that are able to work with and arrange car finance if your credit history isn’t great.

However if you are worried about your current credit rating then you can always get access to your file online via the main credit rating agencies.

3. Can I get a car loan if I have just settled in the UK from another country?

Normally you have to have lived in the UK for over a year to be considered for finance on a vehicle. There are circumstances whereby you can arrange used car finance if you have an asset to secure the loan against however it is likely that the rate of interest you will pay will be higher.

4. How long does it take to get a used car loan?

Typically if you have all of the required paperwork it will take around one week for the finance company to make an offer. These offers are typically available for around 28 days.

5. What types of car finance are available?

This question is asked regularly and it can be a little confusing for some people.

The three main options are hire purchase, personal contract purchase and personal contract hire. The option that will be best suited to you will depend on factors such as mileage and age of the vehicle.

6. Can I have a guarantor for car finance?

There are multiple lenders in the market place that can offer deals whereby you can take out finance on a used car with a guarantor in place. This works on the basis that should you not be able to repay one of your instalments then your guarantor will have to.

Looking for used car finance in the Southampton and Hampshire areas? Then check out our car finance page and submit an application today.