Updated September 29, 2026 · BorrowCue Editorial Team
Quick Car Finance vs Sofkredit
Where Quick Car Finance and Sofkredit differ
| Compare |  Quick Car Finance |  Sofkredit |
|---|---|---|
| APR | 9.9% to 60%Lower | 10.74% to 18.06% |
| Loan amount | £3,000 to £50,000 | €12,000 to €300,000 |
| Term | 12 to 60 months | 6 to 240 monthsHigher |
| Arrangement fee | 0 | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Funding time | 1-3 working days | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | GBP7,000 credit, 60 months, GBP185.33/month, total GBP11,119.80, 21.9% APR fixed HP | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Eligibility | 18+, UK resident | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Loan types | Car | Secured, Debt consolidation, Business |
| Rate type | Fixed | Not confirmed |
| Free early repayment | No | Not confirmed |
| Origination fee (%) | Not confirmed | 6% to 9% |
| Use cases | Not confirmed | Home improvement |
Same on both: Credit check (Soft prequal), Lender type (Broker), Credit needed (Poor).
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Key differences
- Quick Car Finance scores higher overall: 8.7 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at Quick Car Finance: 9.9% to 60% vs 10.74% to 18.06%.
- Term is higher at Sofkredit: 6 to 240 months vs 12 to 60 months.
- Loan types: only Quick Car Finance offers Car.
- Loan types: only Sofkredit offers Secured, Debt consolidation, Business.
Our verdict on each
Quick Car Finance
Quick Car Finance suits borrowers with weaker credit who want a car purchase arranged through a broker rather than a direct lender. Loans of £3,000 to £50,000 over 12 to 60 with funding in 1-3 working days give clear structure while rates reflect higher risk profiles.
Sofkredit
Sofkredit suits Spanish borrowers who want property backed finance and can wait for a notary appointment. The headline cost is an arrangement fee of 6% to 9% of the loan, while Sofkredit's own service adds nothing beyond it.
Score breakdown
| Area | Quick Car Finance | Sofkredit |
|---|---|---|
| Cost | 8.2APR of 9.9% to 60% with origination fee of 0 for car loans. | 8.5Higher |
| Offer | 9.6HigherCar loans of £3,000 to £50,000 over 12 to 60 with funding in 1-3 working days. | 9.3Ranges cover €12,000 to €300,000, 6 to 240 and 10.74% to 18.06%, with home equity and remortgage and home improvement on the same application. |
| Trust | 8.6HigherBroker model of broker under licence 764855. | 8.3 |
Choosing between them
Pick Quick Car Finance if offer, trust, and apr matter most.
Pick Sofkredit if cost and term matter most.
Licences and countries
| Country | Quick Car Finance | Sofkredit |
|---|---|---|
| Italy | Not confirmed | |
| Spain | Not confirmed | Banco de Espana E020 |
| United Kingdom | Financial Conduct Authority 764855 | Not confirmed |
Additional countries for Quick Car Finance: 1. Additional countries for Sofkredit: 3.
From lowest to highest
| Fact | Quick Car Finance | Sofkredit |
|---|---|---|
| APR | 9.9% to 60% | 10.74% to 18.06% |
| Term | 12 to 60 months | 6 to 240 months |
A third option
CreditPlus UA has term at 345 to 365 months, against 12 to 60 months for Quick Car Finance and 6 to 240 months for Sofkredit.
CreditPlus UA reviewWhere these facts come from
Quick Car Finance
- quickcarfinance.co.uk: 14 facts, checked September 28, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
How they place
| Ranking | Quick Car Finance | Sofkredit |
|---|---|---|
| Loans for bad credit | 3 of 275 | 2 of 275 |
Every fact side by side
| Fact | Quick Car Finance | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Not confirmed | Same day funding |
| Legal entity | Not confirmed | Kova Finance, S.L. |
| Headquarters | Not confirmed | Spain |
| Support channels | Not confirmed | Email, Phone, Help centre |
Mortgages
| Fact | Quick Car Finance | Sofkredit |
|---|---|---|
| Initial rate | Not confirmed | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Not confirmed | Home equity, Remortgage |
Where each stands against the rest
| Fact | Quick Car Finance | Sofkredit | Median |
|---|---|---|---|
| APR | 9.9% to 60%above the median | 10.74% to 18.06%above the median | 8.99 |
| Term | 12 to 60 monthsat the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0.25 |
Median across 1005 listed lenders.
Pros and cons
Quick Car Finance
Pros
- Soft prequalification approach through soft prequal limits early credit impact while shopping for car finance.
- Car loans of £3,000 to £50,000 cover a broad span of purchase budgets for vehicle buyers.
- Fixed basis of fixed keeps scheduled payments steady through the agreement term.
Cons
- Free early repayment is no, so exit costs need attention alongside APR of 9.9% to 60%.
- Funding in 1-3 working days is slower than same day funding seen elsewhere in car loans.
- APR of 9.9% to 60% can sit above mainstream pricing, unlike Ibancar Prestamos at 12.74% to 13.01%.
Sofkredit
Pros
- Sofkredit's own service costs nothing, so the only charge to weigh is the lender's arrangement fee of 6% to 9%.
- The loan range €12,000 to €300,000 and the term range 6 to 240 suit both renovation projects and debt consolidation.
- Eligibility leans towards weaker files, with the credit needed listed as poor, and the credit check is soft prequal.
Cons
- The arrangement fee of 6% to 9% is a large share of the loan, and the product fee on a small mortgage guaranteed loan runs €900 to €1,350.
- Maximum loan to value is 30%, well below the 90% across listed lenders, so equity of your own is required.
- Sofkredit is a broker, so the contract sits with the collaborating lender rather than the site you apply through.
Who each suits
Quick Car Finance
Who it suits
- Buyers with poor credit who prefer Quick Car Finance over Fidea for dedicated car funding.
- Borrowers seeking larger car balances who prefer Quick Car Finance over AXI Card Tarjeta y Credito for vehicle use.
Who should look elsewhere
- Borrowers chasing lower headline rates who may prefer Ibancar Prestamos for APR of 12.74% to 13.01%.
Sofkredit
Who it suits
- Spanish residents and nationals who own a property that is free of charges or has most of its mortgage repaid
- Borrowers consolidating several debts into one payment, since debt consolidation is among the secured, debt consolidation and business
- Homeowners funding renovation work, as home improvement is the main listed use case
Who should look elsewhere
- Anyone who needs money the same week without a notary appointment, against the stated funding time
- Borrowers who want to borrow more than a low share of their property's value, given the 30% cap
- Small lenders wanting a quick online application rather than the documentation and notary steps this route involves
Country by country
| Country | Quick Car Finance | Sofkredit |
|---|---|---|
| France | No | Yes |
| Italy | No | Yes |
| Spain | No | Yes |
| United Kingdom | Yes | No |
Questions about each
Quick Car Finance
What APR might apply?+
Quick Car Finance lists APR of 9.9% to 60% for car loans. The exact rate depends on credit profile and lender offer, so comparison of monthly payment and total payable matters before agreement.
Is there an origination or arrangement fee?+
The origination fee is 0 for car loans. That means no separate broker arrangement charge is added at the start, though lender interest and any lender charges still shape total cost.
Sofkredit
What does Sofkredit charge to arrange a loan?+
The arrangement fee runs 6% to 9% of the loan and is charged by the collaborating lender. On a small mortgage guaranteed loan the commission falls within €900 to €1,350. Sofkredit's own service costs the borrower nothing beyond that lender charge.
How much can I borrow and for how long?+
Loan amounts run €12,000 to €300,000 and terms run 6 to 240, so the range is wide enough for a renovation or a debt consolidation. Terms and amounts are set by the collaborating lender rather than by the site you apply through.
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