Help & Advice

Employment

Employment


If you’re looking to borrow money, you will always need to demonstrate your capacity for repaying it. At CarFinance 247, we need to see that you are in steady employment and/or have a regular income, in order for your application for car finance to be considered. Remember, we don’t just offer car finance, but finance for vans, motorbikes, caravans and motorhomes too!

If your employment status falls in to one the following categories, then we do have lenders on our panel that may be able to help you to obtain car finance (subject to other factors, such as your credit score, proof of income etc):

  • self employed;
  • student;
  • disabled;
  • part time workers;
  • taxi drivers;
  • retired people;
  • NHS staff/ nurses;
  • carers;
  • about to start a new job (if you have a Contract of Employment);
  • housewife;
  • agency worker;
  • temporary or workers;
  • in the British Military (if you have proof of your UK address).

Of course, no one is able to guarantee the success of any application for car finance, but having evidence of a regular, basic income (for example from employment or a pension), is a good start to any finance application. For most lenders, this is in the form of pay slips or bank statements.  

With a large panel of lenders on board, we have finance options suitable for those with credit histories ranging from poor to excellent. We are often able to find finance options for people with less than perfect credit histories, even if you have been refused elsewhere. We are also able to offer no deposit car finance.

Why not use our car finance calculator to get an idea of how much a car loan would cost?

Answer correct as of November 2016

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Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender