Help & Advice

Can i get a car loan if i'm a full time carer?

Hi, I'm a full time carer & i get £55 a week. I have no out goings as my wife pays all the bills but she has an IVA.

Can i get a car loan as we need a car to keep her in work. Can you help?

Chris


Answer

Hi Chris, thank you for your question.

We do indeed have lenders that help carers get car finance. As your wife is in an IVA i wouldn't add her to the application as this won't aid 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

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 am a full time carer with £300 income weekly but need a new car. My credit score is 700 (approx) could you help?

Answer

Hi Emma, your weekly income is significant but we don't have any lenders on our panel that will accept an individual whose whole income derives from caring which is a huge shame. Do you have anyone who you can turn to who will support your application for finance? A friend or family member? Kind Regards, Rachel

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Not really. I am thinking about saving for a car instead but if i was to apply for credit in the future for a credit card would me being a carer go against me as opposed to if i was working?

Answer

Hi Emma, when applying for a credit card they just give you an instant answer. If i were you i'd say i was working (on the application) full time as an administrator for example (they have no way of checking) rather than putting you are a carer. You'd have a better chance of being approved. Be aware that rates on some cards are high and make sure you can afford all monthly commitments before jumping into a credit card agreement. To be honest it may be best to save £2000 - £3000 and get a good run around with a good service history. Kind Regards, Rachel

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Hi there, I'm a full- time carer for my son so unable to work but have provable income off £2240 per month. Would I be able to qualify for finance with a reasonable credit rating. I have only one default about 3 years ago on a joint bank account?

Answer

Hi Nicola, there is a possibility but i can't promise anything. Obviously you have the necessary income but as you're not classed as employed it may cause us an issue. However, there are a few lenders that i have in mind that could help possibly. Please apply and let me know the reference number :-)

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Hi, I'm on carers allowance and income support. I have my mum living with me and she is on pension credit, attendance allowance, state pension and a monthly pension and we both would like to go in for car finance as i've just passed my test and would like a little car to take her back and to the hospital as taxis are getting very expensive now. Could you help in anyway? I have no CCJ's at all. Please help me!

Answer

Hi Patricia, do you have a good or bad credit history. We may be able to help if you have some clean credit and a small deposit. Kind Regards, Rachel

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Yes, i have clean credit and a small deposit. Depends on how much you are looking at me giving. Possibly could arrange that Rachel ,

Answer

Hi Patricia, that's good news. Please apply when you have a minute and let me know the reference number. 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.

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