I'm 19 and Looking for Car Finance. What are my Chances of Getting Accepted?
Hi, I am 19 years old an I am on a guaranteed 3 year apprenticeship scheme with a guaranteed job after the 3 years. I have substantial pay increases year on year for the apprentice scheme. I have been working for the scheme for 5 months now and I am on roughly 950pm (14500pa). this goes to (23000pa) after 3yrs guaranteed. I am looking for a 5k loan for a car now. I am on the electoral roll and I have lived at the same address for nearly 10yrs with my parents. I have a phone contract that I have never missed a payment on and I used to pay my car insurance monthly but cancelled to pay in full. What are my chances of getting a loan with no guarantor?
February 10, 2013
Hi David, we should be able to help you. Your income is more than the minimum any of our lenders require so that is not an issue.You would need to make an application so we can take a closer look at your credit profile but from what you have told me I am confident we will be able to help. Thanks Rachel