I Have Just Moved to the UK and Need Car Finance.
March 27, 2012
Total cost of credit | £ 2000 |
---|---|
Total repayment | £ 2000 |
48
monthly
payments of |
£
245
98
|
Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.
Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33.
We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.
I would like to apply jointly with my wife for car finance.
The thing is I do not hold a full driving licence but my wife does. My wife is a housewife and I am in full time employment. Can you help?
Asked by Stephen Edwards
March 27, 2012
Hi, my credit score at experian is 999 (excellent) so was wondering what other documents will be required for car finance. Do I need to show my wage slips and bank statements? ( Finance needed 38k putting down 20% deposit)... Thanks
Asked by Kham
March 27, 2012
What does being ‘provisionally approved’ for car finance mean?
March 27, 2012
Congratulations - you’ve been provisionally approved for car finance!
But now you’re probably wondering what that means.
A provisional approval – or approval in principle - doesn’t mean it’s guaranteed that we’ll be able to help but it’s a good start.
It means that, based on your application and a soft credit check, one of the lenders on our panel has indicated that they may be able to offer you car finance.
Once you’ve been approved in principle, there are a few different factors that can affect whether you’ll be eligible to secure finance or not. The lender will have their own criteria and will look at your individual circumstances, the vehicle you choose, and further documentation.
Don’t worry; your dedicated account manager will guide you through the process and let you know if any restrictions apply.
Will I be approved for car finance?
If you’ve found it tough to find car finance in the past, it’s understandable that you might be anxious about being approved.
But there’s no need to be nervous; once you’ve completed our online application form, we’ll look to find you the best deal from our panel of lenders and get you a decision in minutes! That way, you can get your finance sorted first and choose a car with confidence from any reputable dealership.
And if you’re looking for bad credit car finance, we could help! Here at CarFinance 247, we work with a panel of lenders so we can look to find finance approvals for people with a wide variety of different credit circumstances.
Not been approved this time? Find out more about being refused car finance here
Hi there, i am sitting my test in mid January. I am 21 years old but my credit rating is fair, not too good but not awfully bad. Anyway, i am hoping to apply for finance the day i pass but was wondering how long the whole process will take? I live in Sco
Asked by Kat
March 27, 2012
Hello,
I have just got my drivers licence and i turned 24 yesterday. I don't think my credit rating is great to be honest and i would like to know more on how to get car finance. I am employed too.
Asked by Moyosore Bolaji
March 27, 2012
you dont have the car i want how long will it take for you to try and get it for me?
Asked by Rhian
March 27, 2012
HI Rachel, I HAVE APPLIED FOR FINANCE, WHAT HAPPENSNEXT, IF APPROVED WILL YOU FIND THE CAR I WANT OR CAN I FIND ONE AND YOU ARRANGE THE FINANCE WITH THE GARAGE? THANKS
Asked by PAUL ROBINSON
March 27, 2012
Hi, I would like to apply with you. But it requires i put three years worth of address history into the application. I have only lived in the UK for 18 months. I do have a fair credit history and do have a credit profile and one or two other things in my
March 27, 2012
Unfortunately, the lenders we work with ask that you have at least three years’ address history in the UK. This is needed so that lenders can determine how much of a risk it might be to lend to you. If you’ve lived in lots of different places in a short time, this could be cause for concern.
However, you don’t need to be a homeowner to apply for car finance with CarFinance 247. Our panel of lenders includes those who can help people who rent their own place, share with housemates, live in work accommodation, or are live with their family or partner.
You must be aged 18 or over to apply for car finance and most lenders will also ask you to supply proof of address, such as a recent utility bill, before issuing a loan.
Hi Rachel . I use to live in Southafrica but me and my wife imigrated here 18 months ago . This is the first time we have come to the UK. Would this be a problem?
Asked by Gareth
March 27, 2012
Our Manchester based team are ready to help you.
* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.
CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).
CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).
Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.
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