Applying for finance – what you need to know
A finance option is available, subject to your personal status, for the majority of our vehicles. If you are considering applying for finance, please read the following important information first.
- You must be over the age of 18 years.
- The minimum advance available is £1,500.
- Terms of 12, 24, 36 and 48 months are available with a fixed rate of interest of 6.99% per annum.
- A 60 months term is available with a fixed rate of interest of 7.49% per annum.
- The majority of our extensive panel of lenders stipulate a vehicle’s age cannot be greater than 12 years at the end of an agreement; however some are able to extend this period dependant on the type of vehicle being purchased.
- For all finance agreements, you will need to present your driving licence (including the counterpart), a utility bill showing your current address dated within the last 3 months and a proof of signature.
- We may also require recent wage slips.
- You may not need a deposit in order to obtain finance.
- If you have a poor credit rating or CCJ’s, you can still apply for finance.
- If you are unemployed at present it is highly unlikely that you will obtain finance.
- If you are long-term unemployed due to disability or you act as a Carer, you can still apply for finance.
- Students can get finance but quite often if they are of a typical student age (18 to 22) then a ‘Parental Guarantor’ may be required.
- If you are unemployed, a student or are aware that you have a poor credit rating or possess one or more CCJ’s, please tell us before an application is made. This is so that your application can be sent to appropriate lenders.
- Please remember the outcome of your application depends on your OVERALL PERSONAL CIRCUMSTANCES so get in-touch and we’ll see what we can do to help!
Click below for a quick guide to motor vehicle finance.