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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.

Do I have to be a home owner?

Do I have to be a home owner to get finance with you? If not I also have poor credit would I still be eligible?Thanks

Posted by craig on


Hi Craig, Thank you for your question.

It is a common misconception that you have to be a home owner to gain vehicle finance. Obviously having a mortgage can help you gain finance (if you are keeping it up to date) as it shows the lenders traceability and it is one of the strongest forms of credit. However, we are regularly approving customers who are not homeowners, so this isn't at all a concern for us.
Are you registered on the electoral roll at your current address? This will be of benefit to your application.
In regards to your credit score, this isn't too much of a concern either, as we actually work with a number of lenders that specialise in providing finance to those with poor credit, so we may well be able to help.

When you're ready, please make an application and we will see what we can do for you. Kind regards, Edwin

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