Do I Need to be Employed to Apply for Finance?

Tim Carpenter
Written by Tim Carpenter

Whether you’ve made the decision to retire, leave work to focus on childcare, or found yourself temporarily out of work, being unemployed can make it harder to find car finance. But that doesn’t mean it’s the end of the road.

Here at CarFinance 247, we know that a car can be an essential when you’re unemployed. You might need a car to get the kids to school or make an urgent hospital appointment, and it might even be difficult to find a new job without access to a vehicle to travel to work or attend interviews.

The good news is that we work with a panel of lenders, which means we can look to find finance for people with a wide variety of circumstances, including those who are unemployed, receiving a pension, or on benefits.

There are a range of options available, but you may find it easier to secure a loan if you have a good credit score or a deposit to put down. You can find out more about improving your credit score here.

If you’re a homemaker, housewife or househusband, for example, there are lenders on our panel who could provide joint finance or finance with a guarantor.

Even so, we can’t guarantee that we’d be able to help as every lender is different and every loan is based on your individual circumstances. You might see guaranteed car finance being advertised elsewhere but you might want to be wary about anyone making these claims.

Why don’t we offer guaranteed car finance? It doesn’t exist! It’s important to us that we’re open and honest with our customers and we would never guarantee finance to anyone who might find it difficult to secure a loan or keep up with monthly repayments.

Get a quote
No impact on your credit score
Rates from 7.9% APR. Representative APR 21.9%

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 9.9%, an annual interest rate of 9.9% (Fixed) and a deposit of £0.00, the amount payable would be £136.44 per month, with a total cost of credit of £1,686.40 and a total amount payable of £8,186.40. 

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.