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Can you Help Get Car Finance for My Daughter?

Hi, my daughter is trying to obtain finance for a car for £7000. She has been in full time employment for one year on £18k per year. She has a mobile phone contract and has recently been approved for a store card. She has made one application for a loan and been declined. Can you help, she has already found a car she wants.

Asked by Jane

Hi Jane, we'd love to help your daughter obtain car finance. Where did she apply and get declined? Is your daughter on the electoral roll and does she have a deposit at all as this would improve her chances of being approved. Finally would you be able to act as a guarantor if need be to strengthen the application?

Please make a joint application when you're ready and if approved your daughter 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 5 People

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

Rates from 6.9%: 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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