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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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£7000 Car Loan

Hi, I was wondering how much it would be per month if I were to borrow £7000 for a new car?

My credit score isn't great but I have only missed the odd payment here and there, nothing major I don't think. Please could you get back to me thanks?

Posted by Gavin Deller on

Answer.

Hi Gavin, thanks for your question.

In response we do help people with less than perfect credit histories so I'm pretty confident that we should be able to help you. We can't guarantee an approval but our lenders do help people with bad credit. A few missed payments shouldn't cause us too many problems.

As long as you're employed and have a UK licence, a £7000 loan should be achievable.
In regards to repayments, these would be based on your credit score and dependent on the lender with whom we can get you an approval. Please make an application when 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.

Hi, I am currently looking for a car loan of £7000 to purchase a car from a dealer.

I tried getting it on finance from the dealer but was turned down twice from two of his finance groups yesterday.

My credit score isn't too great at the moment because of all the searches. I have never missed a payment and am up to date with all my bills. I have permanent job making £24000 a year. What are my chances of getting a loan from you?

Posted by Chery on

Answer.

Hi Chery, thank you for your question.

While I can't guarantee an acceptance I'm reasonably confident we can get you accepted for £7000 as you have a good income and a good recent credit history. We also have more lenders on our panel that the typical car dealer would have.

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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