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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Car Loan with 10% to 20% deposit.

Hi, i am looking for finance for a car that i have seen at a dealership. I have a poor credit rating (i think) but currently have 1 payment on my current hire purchase agreement and have never missed a payment in 4 years. The car i have seen is £10000 and i can place a 10-20% deposit. Can you help? Regards, Karen

Posted by Karen Mack on

Answer.

Hi Karen, as you've kept your current car / hire purchase agreement up to date the lenders we work with will look very favourably on this and we should be able to get you approved which is great news. I can't promise anything until we've assessed your credit history but i am confident. The larger deposit you have the better but a 10% to 20% deposit is a very reasonable amount. Look forward to receiving your application. Regards, Edwin

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