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I Have A Good Credit History, Can I Get A Car Loan?

Hi, i'm from Poland and have lived in London for 5 years at the same adress. I'm registered on electroral list and am self employed. I get money on account every two weeks or even once a month but it depends.

I don't have an English driving licence. I have a bank account with Barclays since 2007. My credit score is good on experian - 860 points i think and i have never owed nothing but never had a loan before just car insurance. I have no bills in my name and no land line phone.

The question is, is it possible to get about £10,000 with £5000 deposit or £5000 without a deposit? My average income is about £1800 after tax but sometimes i don't pay in for 2 months because of the work i do. Please let me know if you can help. Robert

Asked by Robert

Hi Robert, thanks for your question and it seems like you have a good credit score which is good news.

The fact that you can get a large deposit also helps and as you're on the electoral roll this will make our job of you getting approved for finance a little easier.

The slight issue could be your lack of credit that you have as you have no loans or credit cards. But as you only need £5000 to finance i'm confident that we can help you. As long as you can prove your income with bank statements that's all we'll need along with your EU drivers licence.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 38 People

5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9% APR: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.

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