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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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Would a self-employed Electrician be able to get car finance?

Hello Edwin,

I'm a self-employed electrician, been in the trade for about 20 years now and have around £2000 a month coming in. My credit is fair, but I have a large deposit of £5000 pounds to put down. I would like to borrow £10,000 for a car loan ideally, do you think this would be possible?

Posted by James W on


Hi there James, thank you for your question.

We do actually work with some lenders that help customers who are self-employed, so on this front we may be able to help you! You have a regular income which is fantastic, and will help to strengthen your application, providing you can prove this for the previous 3 months.

With reference to your credit, we regularly help customers with a fair score, similar to your own, and the large deposit will work in your favour!

I can't guarantee anything at this stage, but based on what you have told me, it seems as though we may be able to help.

Please make an application when you're ready and if 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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