Skip Content
Sign in to the member area

I'm 19 and Looking for Car Finance. What are my Chances of Getting Accepted?

I am looking to get a car on finance. I'm 19, earn around £800-£1000 a month working full time and have always paid my credit card on time.

What are my chances of getting accepted & would i need a guarantor? Thanks.

Asked by Liam

Hi Liam, at 19 as you have no other major commitments other than a credit card i'd be inclined to advise you to get a guarantor / co-hirer to help improve your changes of getting approved for car finance. However, this is not to say that if you don''t have a guarantor we wouldn't be able to help. We'd certainly try our best and we do have lenders that help young people get car finance to the tune of £4000 to £5000 (dependant upon their income).

You tick all the right boxes with your income, employment status and i take it you have a full UK licence? If you do get a guarantor make sure you get their permission first to use their details as we'll have to carry out a credit search.

Lastly, are you on the voters roll at your current address? Please make an application when you're ready and remember that if approved you can choose a car from any dealer and we provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 811 People

Can't find the right answer?

Our Manchester based team are ready to help you.