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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.

Can I get carfinance with no previous credit history?

Hi Edwin, Could you please tell me if i have a chance for a car loan. My credit is classed as poor due to not having any loans or anything in my name and I've been working for only 3 months so far.

I have £3k deposit but hoping for a loan of £8k. Will i have a chance? Many thanks

Posted by ashley on

Answer.

Hi Ashley. Thank you for your question.
With no credit history, the lenders have no indication as to how you would respond to making the vehicle repayments, thus rate your credit as poor.

However, we do work with lenders who will consider such applicants. May I ask if you are registered on the voters roll at your current address as this will help? The fact that you have a large deposit will certainly help too.

Please make an application 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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Question.

Hi, I'm a new driver, in full time employment & aged 19. Can I get finance on a car? Regards

Posted by Zack Ellis on

Answer.

Hi Zack. It's good to hear that you are in full-time employment and have a full licence. Do you know what your credit score is like? Do you have any phone contracts, credit cards etc as these will be building credit for you?

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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Question.

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Posted by Igo Rodrigues Dos Sa on

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