Do I Need to be Employed to Apply for Finance?

Tim Carpenter
Written by Tim Carpenter

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, 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?

Get a quote
No impact on your credit score
Rates from 6.9% APR. Representative APR 24.9%

Liked by 10 People


Tim Carpenter
Tim Carpenter Car Finance Expert
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 7.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £6,500 over 5 years with a representative APR of 21.9%, an annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the amount payable would be £172.09 per month, with a total cost of credit of £3,825.54 and a total amount payable of £10,325.54.

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.

Can't find the right answer?

Our Manchester based team are ready to help you.


* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

This site uses cookies so that we can provide you with the best user experience. By continuing to use the site you are consenting for cookies to be used. Further information on cookies and how you can disable them is available on our cookie policy.