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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.

Am i likely to get car finance?

Hi, I'm 19 years old and in full time employment. My job pays £17,500 before tax Per year, I am on the electoral roll at my current address and I have not opened any contracts or subscriptions of any real value (£10 combined a month). I am looking for credit for a car worth £16,000 and can pay a deposit of £2000. Do I have a chance of getting any credit? Thanks!

Posted by Sam on

Answer.

Hi Sam, i hope you're well. I'm confident we could help get you approved as you have a good income, are on the electoral roll and have a big deposit. However, due to your age it's unlikely we'd be able to secure you £14,000. We'd be able to get you £8k - £10k maximum. Once you prove you can pay this loan back over 12 months or so we could then potentially be able to secure you more. I hope that helps and that you understand the lenders predicament. Kind Regards, Edwin

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Posted by Sam on

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