Concept Car Credit Everything you need to know

Alisa Dan

26 March 2025

Concept Car Credit is a well-established car finance broker based in Manchester, UK. Since its founding in 2004, the company has been helping individuals secure car finance tailored to their unique financial circumstances. Whether you have a good credit score or face challenges with poor credit, Concept Car Credit offers solutions designed to make car ownership accessible. This guide covers everything you need to know about their services, eligibility requirements, and the benefits of choosing them.

What is Concept Car Credit?

Concept Car Credit specializes in connecting customers with lenders who provide car finance options. Acting as a broker rather than a direct lender, the company works with a panel of nine financial institutions to match applicants with suitable financing solutions. This approach allows them to cater to a wide range of customers, including those with poor credit histories.

The company also operates as a used car dealership, offering a selection of vehicles that customers can purchase directly. This dual service simplifies the process for buyers by combining financing and vehicle selection into one streamlined experience.

Unlike traditional banks or dealerships that may reject applicants with financial difficulties, Concept Car Credit focuses on finding solutions for individuals who might otherwise struggle to secure funding. Their services are particularly beneficial for those with County Court Judgments (CCJs), Individual Voluntary Arrangements (IVAs), or limited credit history.

Who are Concept Car Credit?

Concept Car Credit has been a trusted name in the UK car finance market for over 18 years. Based in Manchester, the company has built a reputation for helping customers from diverse financial backgrounds achieve their goal of car ownership. Their extensive experience in the industry has enabled them to develop strong relationships with lenders and provide competitive finance options.

Their team of specialists is dedicated to assisting customers throughout the entire process—from application to vehicle selection. By focusing on customer needs and offering personalized solutions, they have positioned themselves as a reliable partner for those seeking car finance.

The company’s stock includes a variety of used cars from different brands and price ranges. This inventory ensures that customers can find vehicles that suit their preferences and budgets while benefiting from flexible financing options arranged by Concept Car Credit.

How to Apply for Concept Car Credit

The application process at Concept Car Credit is designed to be quick and user-friendly. Whether you prefer online or in-person assistance, the company provides multiple ways to start your journey toward car ownership:

1. Submit an Online Application: Begin by filling out an application form on their website. You’ll need to provide basic details such as your name, address, employment status, and income information.
2. Initial Assessment: Once submitted, your application is reviewed by their team. They assess your financial situation and determine which lenders from their panel are most likely to approve your request.
3. Lender Matching: Based on the assessment, Concept Car Credit matches you with suitable lenders. They present you with financing options tailored to your circumstances.
4. Selecting Your Vehicle: After securing pre-approval for finance, you can browse their inventory of used cars or choose a vehicle from another dealership.
5. Finalizing the Agreement: Once you’ve selected a vehicle, the finance agreement is finalized. The terms include repayment amounts, interest rates, and loan duration.

This efficient process ensures that most applicants receive a decision within an hour of applying. By handling both financing and vehicle selection in one place, Concept Car Credit simplifies what can often be a complex process.

Eligibility for Concept Car Credit

Concept Car Credit aims to make financing accessible to as many people as possible. While they specialize in helping those with poor credit histories, there are still some basic eligibility requirements that applicants need to meet:

• Age: Applicants must be at least 18 years old.
• Residency: You must be a UK resident with proof of address.
• Income: A regular source of income is required; this may include employment income or certain benefits.
• Driving License: A full UK driving license is typically necessary.
• Bank Account: Applicants need an active UK bank account for setting up direct debit repayments.

The company’s focus on inclusivity means that even if you have CCJs or missed payments in your financial history, you may still qualify for financing. However, it’s important to note that terms like interest rates may vary depending on your credit profile. Customers with poor credit may face higher interest rates compared to those with stronger credit scores due to perceived risk by lenders.

Insurance and Coverage

A key consideration when financing a vehicle through Concept Car Credit is ensuring proper insurance coverage. While they do not directly provide insurance services, they emphasize its importance as part of responsible car ownership:

• Comprehensive Insurance: Most lenders require comprehensive insurance coverage throughout the loan term. This protects both you and the lender’s investment in the vehicle.
• GAP Insurance: GAP (Guaranteed Asset Protection) insurance is recommended but not mandatory. It covers the difference between your car’s market value and any outstanding loan amount if the vehicle is written off or stolen.
• Customer Responsibility: It’s up to the borrower to arrange adequate insurance coverage before taking possession of the vehicle.

Lack of proper insurance could result in penalties or even repossession under some finance agreements. Therefore, understanding these obligations is essential before finalizing any deal through Concept Car Credit.

Benefits of Choosing Concept Car Credit

There are several reasons why customers choose Concept Car Credit over other brokers or direct lenders. Here are some key advantages:

• Diverse Lender Network: With access to nine lenders, they offer flexible options tailored to various financial situations.
• Specialized Support for Poor Credit: Their expertise helps individuals with poor credit histories secure financing that might otherwise be unavailable.
• Simplified Process: Combining finance brokerage and car sales streamlines the buying experience into one convenient process.
• User-Friendly Application System: The online platform ensures quick decisions—often within an hour—reducing waiting times significantly.
• Diverse Vehicle Inventory: Customers can choose from a wide range of used cars available directly through their dealership.

The combination of personalized service and practical solutions makes Concept Car Credit an appealing choice for many buyers. Whether you’re looking for flexibility or simply need guidance navigating financing options, their team provides valuable support every step of the way.