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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.

Business Car Finance

Hi Edwin, i run my own business and i was wondering whether you can supply new cars and secondly i wondered whether i could put this through my business or not? Do you do much on the car loans front for businesses? Thanks

Posted by Ronan O'Hare on

Answer.

Hi Ronan, i apreciate you using our Q&A. To answer your first question we don't supply brand new cars but we can get our hands on very cheap ex demonstrators which will save you thousands. Or were you wanting to claim the VAT back on a new car through your business? To answer your second question - Yes we can provide car finance through your business if you wish. Was it just one car you wish to buy or a couple? Your business would need to have a good credit record though as we only ahve one prime lender who can help you out on this front. If that's not an issue then great. How much did you want to borrow and over how long? Do you have a deposit to put in as this is quite important. Kind Regards, Edwin

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Question.

I own a dog boarding kennels and need a new vehicle for the business. I don't make a huge profit, just a comfortable living. This year business has picked up by 50%. Can't get finance though because of a bad personal credit rating! Can you help?

Posted by Sylvia Pass on

Answer.

Hi Sylvia, as long as you can prove your income with business bank statements and you have a decent 20% to 30% deposit we should be able to get you approved as we have many lenders that help people with bad credit. Enjoy your weekend. Edwin :-)

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Question.

Yes that's not a problem with either statements or deposit. How do I proceed?

Posted by Slvia Pass on

Answer.

Hi Sylvia, please just apply on our website www.carfinance247.co.uk

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Question.

What are the requirements to finance a car through my business? What requirements do I or my business has to have? For example monthly income, credit score, etc? Thanks

Posted by Desislav on

Answer.

Hi Desislav, we just provide personal finance so couldn't place the car purchase in your businesses name. However, we could help yourself individually if you can provide 3 months bank statements, you are on the voters roll at your current address, you have a full UK licence and you have some current credit in your name. Kind Regards, Edwin

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