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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Car finance for a decent hatchback

Hello, I am 22 and have just graduated from university. I am currently working 30 hours a week at a phone store and at the moment I am living with my parents at our home.

Would I be able to get car finance for a decent hatchback? I am currently earning £900pm from my permanent job and have around £2000 for a deposit.

Posted by James J on


Hello Andrew!

Being 22 and a graduate is fine to apply for finance! The good news is that you now have a job and a stable residential history which will improve our chances of getting you approved. I also assume you're on the electoral roll - this helps as most lenders look for trace when making their decision.

The fact that you have £2000 for a deposit and a decent monthly income will really benefit your chances of approval too. What type of car are you looking for and do you have a part exchange at all?

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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