How Does The Application Process Work?

Tim Carpenter
Written by Tim Carpenter

At CarFinance 247, we do things differently. We find you the best deal from our panel of lenders and get you a decision on your finance application in minutes. You could be driving away in your new wheels within days!

And all circumstances are considered. Whether you have excellent credit history or need bad credit car finance, have been refused elsewhere, are self-employed or claiming benefits, we could still help.

Start with our car finance calculator to get an estimate of what your monthly repayments might look like. No deposit options are available but if you do have cash to put down or a vehicle to part-exchange, this could reduce the total amount you need to borrow.

It all starts with a quote.  Complete our application form, pop the kettle on and you’ll have a decision before you finish your tea! If approved in principle, your personal account manager will give you a call to find out more about who you are and what you’re looking for. They’ll then compare lenders to find the perfect deal for you and take care of all the admin along the way. 

Now it’s time for the fun bit! With your finance in place, you can choose your new wheels with confidence. Pick a car from any reputable dealership or check out the CarFinance 247 car search, which is home to over 130,000 used cars sold by trusted dealers.

Found a car? Great! You can sit back and relax. We’ll sort the paperwork, chase the lender, and make sure the dealer is kept in the loop. Don’t forget; we can also help find finance for vans, motorbikes, caravans, and motorhomes too.

Then all that’s left for you to do is read your finance agreement carefully, sign on the dotted line, collect your car, and drive away!

Get a quote
No impact on your credit score
Rates from 7.9% APR. Representative APR 20.7%

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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 20.7%, an annual interest rate of 20.7% (Fixed) and a deposit of £0.00, the amount payable would be £168.48 per month, with a total cost of credit of £3,608.67 and a total amount payable of £10,108.67. 

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.

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* 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.

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