Trust Deed
Car finance after a Trust Deed
You've been discharged from your Trust Deed. Here's what a car finance lender looks at after a Scottish Trust Deed, the paperwork to keep to hand, and how to answer the questions on the application.
- Trust Deed discharged
- Specialist lenders
Free to use, no obligation. The plan itself won't affect your credit score. It is not advice, and acceptance is never guaranteed.
Written and reviewed by the AfterMy team · Last reviewed November 2026
Quick answerYes. There are lenders that consider people who have been discharged from a Trust Deed. Each sets its own criteria, and acceptance is never guaranteed. They look at what you can afford now, your credit file and your record since discharge.
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Keep proof of your discharge
When your trustee discharges you, it's recorded with the Accountant in Bankruptcy. Keep your discharge paperwork safe and check your credit file shows the Trust Deed as finished, so a lender sees it's behind you.
Answer the application questions as asked
Some finance applications ask about past insolvency or debt arrangements. Declare your Trust Deed where a form asks. If a form asks whether you've been bankrupt, remember that in Scotland bankruptcy is sequestration, which is a different process.
Discharged from your Trust Deed? Your Comeback Plan maps your dates and shows options from our panel you may be able to apply for.
Start your Comeback PlanWhat a car finance lender weighs up
- Affordability: whether the monthly payment fits comfortably alongside your bills.
- Your record since discharge: bills paid on time and no new arrears.
- Stability: time in your job, time at your address and being on the electoral roll.
- A deposit, if you have one: it lowers what you borrow.
HP, PCP and who owns the car
With hire purchase you pay a fixed amount each month and the car is yours after the last payment. PCP has lower monthly payments and a larger optional final payment if you want to keep the car. With both, the lender owns the car until the agreement is paid off.
Still in your Trust Deed?
Your trustee's terms decide what you can take on while the Trust Deed runs, and new borrowing can put it at risk. Wait until you're discharged.
Guides
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Questions
Frequently asked questions
Can I get car finance after a Trust Deed?
Yes. There are lenders that consider people who have been discharged from a Trust Deed. Each sets its own criteria, and acceptance is never guaranteed. They look at what you can afford now rather than your score alone.
Do I have to mention my Trust Deed on a car finance application?
Yes, where the application asks about past insolvency or debt arrangements. Answer each question as it's asked.
Will applying for car finance affect my credit score?
A full application leaves a hard search on your file, so check your eligibility before you apply and avoid applying to several lenders at once.
Can I get car finance during my Trust Deed?
Your trustee's terms decide what's allowed, and new borrowing can put the Trust Deed at risk. Wait until you're discharged.
Ready when you are
Your Comeback Plan maps your dates and shows options from our panel you may be able to apply for.
Start your Comeback PlanFree to use, no obligation. The plan itself won't affect your credit score.