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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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Can i get a car loan if I am not a permanent UK resident?

Hi Edwin, I am a 33 year old UK citizen who has been living in the Middle East for 4 years. I own a property with a mortgage in the UK and have my bank account there which my salary is paid into every month.

I have an excellent credit history. Can I get a car loan of £30k from you if I am not a permanent UK resident?

Posted by Pearse on

Answer.

Hi Pearse, yes - this is certainly possible as you say you have an active credit history in the UK which is great news. When people move they sometimes forget to keep a footprint visible in the UK for when they move back.

As you have a mortgage i assume you're on the electoral roll and it's great to see you have a UK bank account. As long as you have a UK driving licence i can't foresee any issues.

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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Question.

Thanks Edwin. Yes, I do have a full UK driving licence and have a £3k deposit. I could also make a large balloon payment in 12 months time. I would like to re-pay the loan in as short a time as possible; would it be possible to re-pay over 12 months and how much would the APR be?

Posted by Pearse on

Answer.

Hi Pearse, is it a new or used car that you're after? That's good news that you have a decent deposit and a full UK licence. The APR would be around 9% or there and there abouts. Kind Regards, Edwin

Posted by on

Question.

Thanks Edwin. It is a brand new Ford Expedition 2012. The APR quoted seems quite reasonable compared to others I have seen. Could I re-pay over 12 months? Is it possible to submit an application online?

Posted by Pearse on

Answer.

Hi Pearse, yes you can submit an online application via our website and then let me know the reference number. The term would have to be 24 months minimum but you could settle after 12 if you wished. Edwin

Posted by on

Question.

Hi Edwin. I haven't actually submitted an application on your website as yet as I would just like to check one more thing with you first. I read on your website that steps 3 and 4 of the process, following the approved application, are that you buy the car which can then be collected from Manchester or delivered somewhere in the UK. However, in my case I am living abroad and therefore only require the loan to be transferred to my bank account in the UK, as I need to purchase the car myself direct from the dealer in the country that I live in. Would this still be possible, or do you only provide loans for cars in the UK?

Posted by Pearse on

Answer.

Hi Pearse, we only provide car loans for cars that are purchased from the UK.

Posted by on

Question.

Hi Edwin, ok - thanks anyway, and thanks for the clarification.

Posted by Pearse on

Question.

This comment is awaiting moderation.

Posted by Ketty Smith on

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