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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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Car loan for £3500

Hi, I am looking for about £3500 over 36 months, I checked my credit rating and its around 700 with Experian, Equifax have me on 679 (with error's on my file that I am trying dispute i.e not on electoral role *I am*)

Also I am recently employed (on third month on a Flexi contract so although my contract is part time I work closer to full-time hours). I'm relatively new to using credit facilities, have no defaults but doesn't go back years and years. I have more questions but with this short outline would you consider someone in my position?

Posted by Martin on


Hi Martin, from what you have said, we'd be fairly confident of being able to get you approved for a car loan for £3500 over 36 months.

You seem to have a fair score, and the fact that you are employed is of benefit to an application. Please make an application when you get chance. If approved, we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Edwin

Posted by on

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Hi, I would like to take £3500 for 3 years. My credit profile is poor so how much I will be pay monthly? The interest rate is 5,9% so it mean that I will pay back those £3500 and 5.9% from that amount yes??

Posted by Karol on


Hi Karol, if your credit rating is poor the rate you receive will be higher than 5.9%. We can help people with a poor credit history so please apply and we'll try and get you approved for the £3500 over 3 years. The payments will £130 approx per month. Kind Regards, Edwin

Posted by on


Hi, I want to take a £3500 car out on finance and pay it back over 24 months. I am currently working and earning £600 a month and living at home. I have never had a loan etc so I don't have credit. But my parents have good credit, could the finance be in my parents name but the money out of my bank account? Thanks

Posted by Adam on


Hi Adam, with limited credit history, it may be beneficial to your application to have one of your parent's on the agreement as a guarantor. Is this an option? That way the finance and the car can be in your name and you can build up your credit profile. Please apply when you feel ready. Regards, Edwin

Posted by on


Hi, I work full time and rent with my partner. I take home £1200 a month would like a £3500 loan but have poor credit? Can you help please?

Posted by Dave B on


Hi Dave, thank you for your question.

We can help people with poor credit get finance and as you have a decent monthly income of £1200, we'd be fairly confident that we can help you secure a car loan.

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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Posted by Andrew Lee on

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