Can I Get a Car Loan for A Minicab?
I have lived at my current address for two years, and year ago I applied for car finance from Toyota. I was refused don't know why. I work for Uber in London, and I pay £215 per week car rental. It works out to be a lot of money I'm paying each month. I don't know my credit score yet and I don't have any bills by my name but I'm on the electrol roll. I am being paid each week into my account from Uber. I'm interested to buying Skoda Octivia from Cargaint.
October 27, 2015
Hi Sameer, thank you for your question, As long as you have been in the UK for more than 3 years, you should not have a problem securing car finance. Some lenders do place a cap on mileage, which is why you may have been declined in the past, but on the plus side - we do have lenders that can help taxi drivers secure car finance! If you are unsure of your credit rating, you can get a free check here. The fact that you have been leasing your car may well have helped to build up your credit, regardless of the fact that you do not pay any bills. Please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel