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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Can we still apply for guaranteed car finance?

My wife is in full time employment, but does not have a driving licence, where as i have full one.

Can we still apply for guaranteed car finance, also i only have £100 deposit.

Posted by John simpson on

Answer.

Hi John, yes you can still apply for car finance.

As you are the one with the full licence you'd need to be the main hirer on the agreement. You can add your wife onto the agreement as a co-hirer to boost your combined income. The fact that you have a small deposit will help our cause too.

Please make a joint 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.

Hello, I am currently looking in to financing for my new car.

I have lived in the UK for 3+ years, have a full EU license, and work full-time bringing home £1200 after tax every month.

However, I have no credit history as all bills is in my partners name. Will I still be eligible for guaranteed car finance or any other type of car finance?

Posted by Tima Taylor on

Answer.

Hi Tima, thank you for your question.

The good news is that you have 3 years address history in the UK and a good monthly income. We also have lenders that help people with EU driving licences get car finance.

You say you have no credit history but i take it you have a UK bank account? That is critical to the process and does show up on your credit profile. If you have a contract mobile phone this will help too. If not it may be worth adding your partner onto the application as a co-hirer with their permission obviously.

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

Question.

Hello Again, I have had my current UK account for 3 years. I have also had a mobile contract for 2 years. I hope this helps. Tima

Posted by Tima on

Answer.

Hi Tima, thank you for the swift response. This information certainly helps and will show up on your credit profile so this gives me more confidence that we can now help. Please make an application when you're ready. Edwin

Posted by on

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