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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

I need a van loan so that i can get a vehicle for business use. Can you help?

I need a van loan as i need a new van for my company. I have a discharged bankruptcy and have very low credit, yet without a van i cannot earn money.

Posted by Karen on


Hi Karen, thank you for your question.

The only way we'd be able to help you is if you had a substantial deposit of circa 10% to 20%. So if you wanted a van for £5000 you'd need to put in £500 - £1000. We'd also need to see proof of 3 months income (bank statements) as you're classed as self-employed. Is this possible?

Even then as you have a very poor credit rating i can't guarantee we'd be able to get you approved. If this is not an option do you know of anyone who could act as a guarantor that you could add onto the application? Either way please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Edwin

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I work for a security company who I pay £500 per month to rent a van. I'm self employed, have no deposit and I think I have a poor credit rating. Would I be able to get finance for a van?

Posted by Malcolm Wilson on


Hi Malcolm, we can help self employed people who have bad credit get a car loan however, you'd have to have 3 months bank statements proving your income. A deposit isn't essential so i wouldn't be too concerned about this. Please apply for van finance on our site when you get chance. Kind Regards, Edwin

Posted by on


Hi, I'm just wondering of you could help. I am looking for van finance for my business and have been refused with other lenders. I have a deposit of £500 / £700.

But I do not want to keep applying to lenders as this is just affecting my credit which at this time is not the best. Can you help? Regards, Billy

Posted by William Mallam on


Hi William, thank you for your question.

As we act as a broker we asses your credit profile and try and match you with a lender that best meets your personal circumstances. The fact that you have a deposit is great news and i take it that you have bank statements to prove your income if required?

Where have you applied recently and been refused? If you could let me know it'll give me a better idea on whether we can help or not. 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, Edwin

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