Help & Advice

Can you get car finance on income support?

Hi there, Is it possible to get a car on finance if you are on income support?

elaine


Answer

Hi Elaine, thank you for your question.

Yes you can get car finance if you're on income support as we have lenders who take benefits into account when approving car finance.

You may need to prove your income with bank statements and it may improve your chances of you have someone else to apply alongside although this isn't mandatory. I take it you have a full UK licence and UK bank account?

Please make a single or joint application here 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

Hi, i'm on income support and i am 20 years old. I hold no licence. Would i be able to apply but have a friend as the named driver of the vechicle but i'll be the one on the financing the agreement?

Answer

Hi Sam, unfortunately not as you'd need a driving licence.

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I'm on income support and have a full license can i get finance?

Answer

Hi Angie, if you have a good credit history we could help - is this the case?

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I am on income support, i have a drivers licence, but i'm only 18 so, i don't exactly have a proper credit rating as i haven't had chance to build it up. Would there still be a possibility of me getting a car on finance?

Answer

Hi Netalia, thank you for your question.

We do have lenders on our panel who help people on income support and those with little credit history. As long as you have a UK bank account there is a chance we can help. If you had someone to apply alongside too that'd help our chances.

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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Liked by 6 People

Rachel Wilson, Underwriting manager

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