Help & Advice

How is it possible to know if i can finance a car? Will the calculator help?

Can i find out whether i can finance a car in my name without making a credit search on my profile? Also, how does the calculator work on your site. Are these example payments only?

Rad


Answer

Hi Rad, for you to find out whether you can get a car loan from us you'd need to apply on our application form. We can't guarantee an approval but we have many lenders helping people with good, fair and poor credit.

I take it you have a full UK driving licence? Are you in employment? And have you been a UK resident for the last 3 years? If so, i'm confident we can help.

The car loan calculator works by inputting the amount you want to borrow and over what term. The calculator will then give you 3 payment examples depending upon your credit status. These payment examples are for illustration purposes only and act as a guide.

Please make an application and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of September 2016

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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.

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

If you have a bad credit history but you are able to afford the monthly payments does this disqualify you from getting finance for a car? Is it possible for me to get finance?

Answer

Hi Amanda, we do have lenders that help people with poor credit and as you say you can prove your income and afford the car we should be able to obtain finance for you.

Use our calculator on site to work out how much you can borrow and apply when you're ready. Have a good weekend. Rachel

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My credit rating is pretty bad. I do however have a full UK licence and i work full time. Could you please help?

Answer

Hi Lynn, thank you for your question.

The good news is that we can help people with poor credit. As you work and have a full UK licence there is a chance we can help.

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

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Rachel Wilson, Underwriting manager

Asset 1 Just get in touch,

we'll try to help Asset 2

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.

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