Help & Advice

Is it possible to give car finance to a non UK resident?

Hello, i am not from the UK but i will move there in a month. Is it possible for you to give a car finance to me as i am an EU resident (and a student/ part time worker)?

Lia


Answer

Hi Lia, unfortunately you wouldn't be able to obtain car finance straight away as all of our lenders look for some form of credit history in the UK before lending any money.

My advice to you would be to get on the voters roll as soon as you have a place to live (you can do this with your local council). My next piece of advice would be to open a UK registered bank account and get a contract mobile phone. You'll need the bank account first though.

Maybe try and get a small credit card with say a £500 limit on also from your bank and make sure you always pay at least the minimum payment each month to keep your credit profile looking healthy. A monthly direct debit usually stops people forgetting to make their payments.

All of the above will help you get on the right track with your credit history in the UK. However, it may take up to 3 years before you can get car finance unfortunately. I hope i've helped you out. For people reading this that have been in the UK for over 3 years then please apply here and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

Answer correct as of September 2016

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More related questions

Hello Rachel, I have lived in the UK for less than 2 years. When I initially moved here I lived at my first address for a brief period of 4 months and I am living in my current address for about 1.5 years.

My credit record is very clean and my score is also good (around 740). I am full time professional and I earn more than £3K per month. Please, can you advise my chances of getting a guaranteed car loan? Thanks

Answer

Hi San, as you say your credit is good and you earn a good income i'm confident that we can help you get a car loan.

Do you have a full UK driving licence and are you on the electoral roll? If so, please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Rachel

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I have lived in the UK for just over 2.5 years. I have permanent residency and I have been in my current job for 2 years and one month. I did not have a job in the UK previous to my current job. I have had my bank account for 2.5 years. I am an American citizen and I am not eligible to register on the electoral roll. I have lived at 5 different addresses since I have moved here. Please can you advise where my best bet is to get finance for a car? My bank have already declined me as well. Many Thanks.

Answer

Hi Theresa, as you're not on the electoral roll this may cause a few issues as lenders like to see traceability. However the fact that you're in full time employment is a good thing. How is your credit history? Other than your bank account what other credit do you have? Lastly, how long are you planning on staying in the UK and do you have a UK driving licence? Kind Regards, Rachel

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I have one other bank account that I have had since September 2011 and I have one credit card with a £260 limit. I plan to live in the UK for quite a while (at least five more years) and I do have a UK driving licence. Many thanks. Theresa

Answer

Hi Theresa, thank you for your feedback. Please make an application as we should be able to help you from what you have said although we can't guarantee an acceptance. Have you applied anywhere else? If so, can you let us know where as we don't want to duplicate searches etc. Regards, Rachel

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Hello, I've been a resident in the UK for 7 Months. I have a permanent job that pays £4000 a month. I have a bank account, a credit card, a number of utilities in my name. I'm supposed to appear on the electoral roll this month (May). I'm looking for buy a used car in the range of £10-14k. I can get an upfront deposit of up to £6000 or £7000 pounds. Is it really impossible to get finance for something like this? I've recently been rejected by Perrys.co.uk

Answer

Hi Jose, we'd love to help you and i'm confident we could get you approved once you get on the electoral roll as you have a large deposit. Do you have a UK driving licence? Regards, Rachel

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I am from India and have been living in UK for two and half years. I have full UK driving license and my credit score is good/excellent. Can i get a car loan?

Answer

Hi Rajesh, yes we should be able to get you a car loan with no problems due to the fact that your credit history in the UK is good. On the application on our website just place 3 years for your current time at address. Are you on the electoral roll and do you have a deposit? Regards, Rachel

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Hi, I am a foreigner (non-eu) who has been living in the UK for the past 3 years. I am a professional with an annual salary of £31K. My credit rating from Experian is fair (854). I have some credit cards but no defaults or late payment except 2 late payments on mobile contracts (vodaphone) last year. I am on the electoral register and have been living at my current flat for about 10 months now. I have a full UK driving licence. I want to apply for about £15k for a car loan and have a deposit of about £1500. Do you think I can be approved without any hassles? If yes, what apr should I be looking at for a 5 years payment plan?

Answer

Hi Giovanni, as you've been living in the UK for 3 years plus that's great news as this is important from the lenders points of view. You seem to have a fair credit record, a good income and a decent deposit so i'm confident we can get you approved. You may need a slightly bigger deposit however to get the £15,000 you need. The APR i'd expect you to get would vary between 10% and 14%. Regards, Rachel

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Hi, I have been living in the UK for 12 months, I was working for a recruitment agency but have recently got a full time permanent job as a teacher. I am on the electoral register and have a phone contract. I have a full Irish drivers license. I am looking to get a car loan between £4,000 and £5,000 for a used car. I would have a deposit of £1000. My credit score is poor. Would I be able to get a car loan? Thanks.

Answer

Hi Roisin, i hope you're well. Thank you for your question. Did you live in Ireland previously to living in the UK? If so, we should be able to help even though you have poor credit as you have a stable job and a decent income. Regards, Rachel

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Hello Rachel, I have lived in the UK for 9 months. My credit record is very clean and my score is also fair (around 750). I am full time professional and I earn more than £2K per month. I have an EU driving license, and I'm not on electoral roll. But I can pay a deposit up to £5000. I'm looking for car at about £9K. Please, can you advise my chances of getting a guaranteed car loan? Thanks

Answer

Hi Paulius, you have a large deposit and a good income but the issue is the length of time that you've been a UK resident. Without at least 12 months confirmed history on the electoral roll you'll struggle to get approved anywhere unfortunately. What other form of credit do you have? Do you have any other loans or credit cards? Regards, Rachel

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Hi Rachel, I have lived in the UK for more than 3 years. I've been on the electoral roll for for more than 1 year, i've had the same full time job for more than 3 years & i earn £1800 per month. I have 2 credit cards for poor credit which i never miss a payment on and i want to purchase a new car for £14k and i have a deposit of £3k. I have a full european driving licence. Can you help me? Thanks

Answer

Hi Rocco, for the amount you need and the fact that you have a poor credit history we only have one lender that would be able to help. However, they require a UK passport. Do you have a UK passport? Rachel

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Hello, I have been living in the UK for 13 months. I have a bank account, contract mobile phone and all the bills are paid by direct debit. I am on the electoral roll and I have an annual salary of £32000. I would like to borrow £2000 for 1 or 2 years.

Is there any chance of being approved? Many thanks, Luca

Answer

Hi Luca, unfortunately as you haven't been in the UK for 3 years we wouldn't be able to get you car finance. You are certainly doing all the correct things though in terms of building up your credit history. Kind Regards, Rachel

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Hi Rachel, I am an EU citizen and have been living in the UK for more than 1.5 years.

I lived at my first address for a year, and I am living at my current address for 7 month. I have a permanent job at the same place for 1.5 years, but I am working only part-time (24 hours/week).

Being a single parent with one child my incomes are enhanced by tax credits. I am on the electoral roll, I have bank account, full UK driving licence and I never had any personal loans or credit.

I need £1500 for a year to buy a 10 year old car. Would I be able to get a car loan? Thanks in advance for your answer. Regards, Suzana

Answer

Hi Suzana, thank you for your question.

You certainly meet all of the criteria required but the time you have spent in the UK will cause us an issue. All lenders we now deal with require 3 years UK address history unfortunately.

I'm sorry we can't help on this occasion. Kind Regards, Rachel

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Hi Rachel, I am a UK citizen, born in the UK, left in 1987 to migrate to Australia, returned in December 2012.

I have been employed for over 12 months in a well paid role ( £100k+). I have 80% equity in my £600k property but have been refused a car finance package of £22k due to no 3 year history. What do you recommend?

Answer

Hi David, i know it's incredibly frustrating but unfortunately you need 3 years consistent UK address history to be approved for car finance. Have you tried getting a personal loan from your bank? Kind Regards, Rachel

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Son living in U.S. He is a home owner in the UK, and will be spending lot of time here. He wants to know if he can lease a car over here.

Answer

Hi Margaret, thank you for your question.

As he is a UK home owner, this would depend upon whether he has current active credit in the UK, for example a mobile phone contract, mortgage, credit cards etc, and if he has a good credit history.

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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My situation- I'm a retired police officer with a pension of over £15,000 per year. I have lived in France for 10 years. I have had a Santander current account in the UK for over 20 years, but do not have a UK address. In the next six months I will be receiving over £24,000 from the UK government due to a major mistake with police pensions ...however I wish to buy a classic car in the UK ( up to £9,000 ). Would anyone grant me a loan repayable within 6-8 months?

Answer

Hi Nigel, thank you for your question.

Unfortunately, since you do not have a UK address, we can't help you in obtaining a car finance deal, as all of our lenders only help customers who live in the UK. Apologies that we cannot help.

Kind Regards, Rachel.

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Rachel Wilson, Underwriting manager

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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.

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