Are you eager to get behind the wheel of your dream car but unsure about your eligibility for car finance? Our car finance eligibility checker is your key to unlocking the doors to affordable and tailored car finance deals. Discover if you're eligible in just a few simple steps and pave the way to driving away in the car you desire.
How car finance eligibility checker works
Curious about the inner workings of our car finance eligibility checker? It's a straightforward process designed to provide you with quick and accurate results. We understand that your time is valuable, so we've made the eligibility check hassle-free.
Firstly, you'll need to input some basic details into our user-friendly interface. This includes personal information, employment status, and your preferred contract length. Don't worry; we respect your privacy and use a secure platform to keep your personal details safe.
Once you've submitted your information, our system performs a 'soft search' on your credit profile. Unlike a 'hard credit search', a 'soft search' doesn't impact your credit score. It's a quick and painless way to assess your eligibility without leaving a mark on your credit history.
While eligibility isn't guaranteed, our commitment is to provide the best possible chance for you to secure a car finance loan ranging from £4,000 to £0,000, with repayment terms spanning 18 to 60 months.
Car finance calculator
- 36months
- 42months
- 48months
- 60months
This helps you get a more accurate finance estimate
These estimates are subject to credit checks, and may change if you do apply for finance.
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| Loan amount | £7,500 |
|---|---|
| Length of Loan | 60 months |
| Monthly payment | £0 |
| Interest rate | 9.9% APR |
| Optional final payment | £0 |
| Amount of interest | £0 |
| Total payment | £0 |
We only do soft credit check for eligibility
Worried about the impact of a credit check on your already fragile credit score? Fret not! Our Car Finance Eligibility Checker employs a 'no credit check' or a 'soft search' approach, ensuring your credit score remains unaffected. We understand that maintaining a good credit history is crucial, and we strive to make the process as stress-free as possible for you.
Will I be eligible for car finance?
The burning question on your mind - will you be eligible for car finance? Our eligibility checker takes into account various factors, including your credit rating, employment status, and monthly budget. We believe everyone should have the opportunity to drive their ideal car, regardless of their credit history.
No matter what type of finance you're looking for, our panel of lenders has you covered:
- Poor & Bad credit car finance
- CCJ car finance
- Car finance on benefits
- Negative equity car finance
- IVA Car finance
- Refused car finance
What things are important to be eligible for car finance?
Ensuring eligibility for car finance involves considering several key factors. Here's a breakdown of what's important to increase your chances of being eligible:
- Car Details: The price of the car you wish to purchase is a key consideration.
- Car Type and Age: Whether the car is new or used, along with its age, affects the terms of your finance agreement.
- Credit Rating: A good credit score enhances eligibility for favourable finance deals.
- Employment Status: A stable job and regular income positively influence eligibility.
- Monthly Budget: A clear understanding of your monthly budget ensures affordability.
- Preferred Contract Length: Choosing a suitable contract length impacts monthly payments and total cost.
- Initial Deposit: Offering a larger initial deposit demonstrates commitment and improves eligibility.
- Credit History: Lenders may consider your credit history when assessing eligibility.
- Financial Situation: A comprehensive overview of assets, liabilities, and additional income aids eligibility assessment.
- Soft Credit Check: Opting for a 'soft search' protects your credit score during the eligibility check.
- Creditworthiness: Your creditworthiness, determined through a credit check, plays a crucial role in the approval process.
- Personal Details: Accurate and up-to-date personal information ensures a smooth eligibility check.
How to improve your chance of being eligible
Want to boost your chances of being approved for car finance? There are simple steps you can take to enhance your eligibility. Firstly, review your monthly budget to determine a comfortable repayment plan. Demonstrating financial responsibility increases your chances of approval.
Additionally, consider a larger initial deposit or adjusting the preferred contract length. These small tweaks can make a significant difference in securing a favourable car finance deal. Our goal is to help you make informed decisions that align with your financial situation.
Choose from car finance deals we provide
Once you've successfully checked your eligibility, it's time to explore our range of affordable car finance deals. Whether you're interested in Personal Contract Purchase (PCP) or Hire Purchase (HP), we have options tailored to suit your preferences and budget.
- PCP (Personal Contract Purchase): Ideal for those who enjoy flexibility and want the option to either purchase the car at the end of the agreement or return it and choose a new model.
- HP (Hire Purchase): Perfect for individuals looking for straightforward and traditional finance, with fixed monthly payments and ownership at the end of the agreement.
Why use our eligibility checker?
1. Tailored solutions
Our Car Finance Eligibility Checker provides personalised results based on your unique financial situation. No one-size-fits-all approach here – we understand that each customer is different, and we tailor our solutions accordingly.
2. No impact on credit score
With our 'no credit check' or 'soft search', you can check your eligibility without worrying about a negative impact on your credit score. We believe in transparency and want to empower you to make informed decisions without unnecessary stress.
3. Expert guidance
Navigating the world of car finance can be daunting. Our team of experts is here to guide you through the process, offering advice and assistance at every step. We believe in empowering our customers with the knowledge they need to make confident decisions.
4. Wide range of finance options
Whether you have a stellar credit history or have faced challenges in the past, we have finance options to suit every individual. Explore our diverse range of deals and find the one that aligns perfectly with your preferences and financial goals.
5. 100% free
Our Car Finance Eligibility Checker is completely free of charge. We believe in providing a service that allows you to assess your eligibility without any financial commitment. It's a risk-free way to explore your car finance options.
6. Results within a few minutes
We understand the value of your time. Our eligibility checker delivers results within a few minutes, allowing you to swiftly move forward in your car finance journey. Quick, efficient, and designed to fit seamlessly into your schedule
FAQ's
- Are the eligibility checker results accurate?Our eligibility checker results are highly accurate, providing a reliable assessment based on the information you provide. While we strive for precision, final approval is subject to a comprehensive review by our panel of lenders.
- What happens next if I am eligible for finance?If you are eligible for finance, our team will guide you through the next steps. This typically involves completing the necessary paperwork and finalising the details of your car finance agreement. We aim to make the process as smooth and efficient as possible.
- How can I determine if I'll be approved for car finance?Approval for car finance depends on various factors, including your creditworthiness, income, and the specifics of your chosen vehicle. Our panel of lenders reviews these details, and while eligibility is a positive sign, final approval is contingent on a thorough assessment.
- What information is required for the eligibility check?To check your eligibility, we require basic information, including your personal details, employment status, monthly income, preferred contract length, and the type of car you're interested in financing. Providing accurate details ensures a comprehensive and accurate assessment.
- What do lenders observe in a soft search?A soft search provides lenders with a snapshot of your credit profile without impacting your credit score. It typically includes information about your credit history, outstanding debts, and other financial indicators. This allows lenders to assess your eligibility without leaving a lasting mark on your credit record.