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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Refused PCP For Mini

Hi, I have recently been refused a PCP finance deal at a mini dealership, they said it was because I have been in my current job only a month and at my current address less than 3 years even though I provided them with more than 3 years history of employment and job details.

My Experian credit report is good with a score of 898, so I am confused as to why I've been refused. Can you help?

Posted by Thomas Hall on


Hi Thomas, the reason they have given you does seem a little strange. You have a good credit score but sometimes lenders do look for job security and your ability to pay the finance back.

Are you up to any of your credit limits as sometimes people have good credit and make all their payments on time but are up to the maximum limits on their existing agreements which doesn't look fantastic?

Whatever the reason we should be able to help anyway. If we got you approved hopefully it'd be with a lender who didn't need to see proof of income. If required though do you have payslips from your previous job?

I'm confident we can help you get into the Mini you want so please make an application and once accepted we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Edwin

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