Help & Advice

Starting a new job and need a car loan!

Hello, I am starting a new job in 2 weeks time and my car needs exchanging urgently as it has started becoming unreliable.

My credit rating is poor and I would like to buy another car for about £4000. Not sure how much garage would give me for my KA. Would I be able to get a loan?

A. Seymour


Answer

Hello there, thank you for your question.

The good news is that we have many lenders on our panel that help people with past credit issues. The good news is that you have a deposit in your part exchange. The process with ourselves is very easy and stress free. You can be driving away in your new car in a matter of days.

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

Answer correct as of September 2016

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Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

I am a new NHS employee and need finance for a car. My current car is not working and I desperately need a car to get to work. Would I be able to get a loan?

Answer

Hi Cenk, yes this should be possible. Would you have any form of cash deposit? Please apply on our website and provide me with your reference number. Kind Regards, Rachel

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Hi I am due to start a new job but will be needing a car to commute to work. I have seen a cheap PX car in a dealership for around £600. Can I apply to borrow money for the car and insurance deposit? Thanks.

Answer

Hi Paul, thank you for your question.

To do this you would need a personal loan from us. These are typically most suited to those in full time employment, with good credit, and no previous financial problems.

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

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Asset 1 Just get in touch,

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Rachel Wilson, Underwriting Manager

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender