I'm Looking for a Car Loan for £4000. Will I Be Approved?
I am looking to finance a new car for £4000 over 48 months and wanted to know what the monthly payments would be? I've had finance before but have given the car to my sister who is paying the finance although it's still in my name. My income is £1400 per month.
July 30, 2014
Hi Kealan, thank you for your question. With a healthy monthly income of £1400, we'd be fairly confident of being able to get you approved for the £4000 needed. The amount you repay will depend upon your credit history but as a rough guide if you have a good credit history you'll be paying £100 per month over 48 months for £4000. 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, Rachel