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;
- part time workers;
- taxi drivers;
- retired people;
- NHS staff/ nurses;
- about to start a new job (if you have a Contract of Employment);
- 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, including those that have been refused elsewhere. We also have no deposit car finance options available.
Why not use our car finance calculator to get an idea of how much a car loan would cost?