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Is age a problem when applying for car finance?

My dad is 76 with limited income from his teachers pension. Could he get a 5 year finace deal on a new Peugeot 207 at £11,225 with a deposit of approx £750

Posted by Tommy on 02/10/2011 @ 22:19

Hi Tommy, as long as your Dad has a good credit profile and a full UK driving licence we should be able to get him accepted for car finance. Please make an application with your fathers information and we'll take it from there. Kind Regards, Edwin

Posted by Edwin Miles on 03/10/2011 @ 10:22

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Hello, I'm 20 yrs old and in full time employment, could you advise if you would consider me for finance and are there any age restrictions?

Posted by Paul Cairns on 07/10/2011 @ 11:21

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Hi Paul, our car finance lenders help people between the ages of 18 and 80. As you're in full time employment we should be able to help get you approved. How's your credit profile? Do you have any credit history and are you on the electoral roll? It may strengthen your application if you get a guarantor. Kind Regards, Edwin

Posted by Edwin Miles on 07/10/2011 @ 11:23

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Hi, I am 19 years old with a full time job but i have no previous credit history, Would i still be able to get car finance? Other places have declined me due to not having a guarantor as my parents are unemployed at the momenet

Posted by Jessica on 18/10/2011 @ 18:53

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Hi Jessica, your age may be an issue here however, i have a few questions for you. Are you on the electoral roll at your current address? Do you have a bank account and a full UK driving licence? Lastly do you have any form of credit at all (credit card or mobile phone) as this would help masively? Edwin

Posted by Edwin Miles on 19/10/2011 @ 09:00

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Thanks for your reply Edwin. In answer to your questions i am on the electoral roll at my new home, i do have a bank account and i do have a full UK driving license. However i do not have a credit card and my mobile phone is on pay as you go. The problem i am finding is due to my mum being a full time carer of my younger disabled brother she cannot work. A number of companies wont have her as my guarantor even though she has had car finance in the past and paid this all off in full and has 100% credit rating.

Posted by Jessica on 19/10/2011 @ 14:24

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Hi Jessica, i totally understand your situation. All i can say is please make an application and we'll see if we can get you approved. If we can't help my advice would be to talk to your bank and get a small credit card to get you on the financial ladder. It's silly really because lenders want to see credit history before lending but for people in your situation it's crazy as no-one likes taking that first risk. Good luck and i'll look out for your application. Kind Regards, Edwin

Posted by Edwin Miles on 19/10/2011 @ 16:09

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Hello, I would like to buy a car for £15,000 and I have a £5,000 deposit. My credit history is poor so my question is would it be possible to get a car on finance with you?

Posted by Lukas on 31/03/2012 @ 22:39

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Hi Lukas, with such a large deposit i'm confident we should be able to help you. We do have one lender that i have in mind that helps customers with bad credit who have a big deposit. Please apply and we'll see if we can get you approved. Thank you, Edwin

Posted by Edwin Miles on 02/04/2012 @ 11:25

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Hi, my daughter is 18 and has just passed her driving test, she has a full time job. Would she be able to get car finance if one of her parents were to be a guarantor. Thanks

Posted by Lydia on 15/05/2012 @ 21:16

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Hi Lydia, yes - that wouldn't be a problem at all. Please pass our congratulations on to your daughter too :-)

Posted by Edwin Miles on 15/05/2012 @ 21:26

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