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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 have a good credit rating with experian of 999

I have been refused a personal loan for a Porsche (£17000). The bank couldn't give me a real reason for failing and I am 25 on £2000 month after taxes etc and have a large amount of disposable income.

Could I get finance through you at a reasonable rate even though I have just been declined with a good credit rating?

Posted by James on

Answer.

Hi James, from what you've said I'm confident we could get you approved for finance as we have many lenders on our panel that help people who have been refused by their bank.

Are you on the electoral roll at your current address as this is important and can you prove your income if required (payslips)? A deposit is always welcome when borrowing large sums of money - would this be a possibility? 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

Posted by on
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Question.

Hello! I am recently considering applying for car finance.

My credit report is 526 with Experian and I have been closely improving my credit status, as it started at 410 five months ago. I have got a provisional at the moment but looking to pass my test very soon. The car that I would get would be to basically pass my test and be my first car.

I work part time and study full time. Though I work part time, my income is roughly £1200 to £1300 per month after tax. Is there any chances for me to get car finance?

Posted by Daniel Vieira on

Answer.

Hi Daniel, thank you for your question.

As you have a fair credit score and a decent monthly income i'm confident we could get you accepted for finance. As you only have a provisional though it'd be better if you could get a co-signer on the agreement. Would you have anyone (who has a full licence) that you could add onto the agreement?

Please make an application when you're ready 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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