Yes! The good news is that CarFinance 247 works with lenders that can offer student car finance. We understand that a car might be an essential when you’re studying, whether it’s to travel to or from university, driving to your part-time job or industry placement, or visiting friends and family.
However, if you’re under 21, don’t have an income or haven’t applied for finance before, you might find that your loan options are limited. Some of the lenders on our panel ask that students have a part-time job or may require that they have a guarantor to offset the potential risk of lending to a young driver.
Even though you can pass your driving test at 17, you must be over 18 to apply for car finance. It’s not unusual for students and other young drivers to have no credit history but there are steps you can take to build your score. This includes registering on the electoral roll, taking out a mobile phone contract, or getting a credit card (as long as you can keep up with any repayments).
When you apply with CarFinance 247, you’ll be paired with a dedicated account manager who can help guide you through the car finance process. If you’re buying a car for the first time, your account manager can sort all the admin, liaise with the lender, and even help you find a car from a trusted UK dealership.