Young drivers car finance

Free eligibility check with no impact on your credit.

Bad credit & no deposit deals.

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Get a car finance quote

Check eligibility with no impact on credit score

At Moneyrepublic, we specialise in helping new drivers secure young drivers car finance. Buying your own car is a significant step towards independence, and we're here to make it happen with affordable financing options. Our team works closely with trusted lenders to find you the best deals tailored to your needs. With affordable monthly repayments tailored to your budget, we work with trusted lenders to secure the best car finance deals for you. Our goal is to provide young drivers like you with suitable car finance options that fit your financial circumstances.

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  • 36months
  • 42months
  • 48months
  • 60months

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Your estimated examples

These estimates are subject to credit checks, and may change if you do apply for finance.

Loan amount£7,500
Length of Loan60 months
Monthly payment£0
Interest rate9.9% APR
Optional final payment£0
Amount of interest£0
Total payment£0

Can you get car finance at 17?

If you're 17, you can't sign a car finance agreement until you're 18. However, you can use your savings to buy a car or wait until you're 18 to apply for car financing. Planning ahead ensures you're ready to secure car finance once you reach the eligible age.

Can you get car finance at 18-19?

Are you between 18 and 19 and want to get car finance? At this age, you can apply for young driver car finance in the UK. However, having limited credit history or employment stability might affect your approval chances. Keep in mind that actual terms may vary when applying for young drivers' car finance deals. We're here to assist you in securing suitable car finance options that fit your circumstances. Start planning for your dream car with Moneyrepublic today.

Is car finance for young drivers difficult to get?

Getting car finance as a young driver can be tricky. Many young drivers face challenges due to their lack of credit history or a poor credit score:

  • NO credit history: Many young drivers haven't yet built up a credit history, making it harder for lenders to assess their financial reliability.
  • Poor credit score: Some young drivers may have a bad credit score, which can affect their eligibility for favourable loan terms.
  • Age requirements: Some lenders have age restrictions, typically requiring borrowers to be at least 18 or 21 years old, which can exclude younger drivers from accessing car finance.
  • Higher accident risk: Young drivers are often perceived as higher risk for road accidents due to their inexperience, leading to higher insurance premiums and making financing more challenging.
  • Lower incomes: Many young drivers, especially students or those starting out in their careers, have lower incomes, making it difficult to meet affordability criteria for car finance.
  • Secured loans: Some young drivers may consider secured loans, where the car acts as collateral. However, this can come with higher interest rates and risks.

It's important for young drivers to:

  • Build a good credit score over time.
  • Save more for a deposit to increase affordability.
  • Consider purchasing more affordable vehicles.

At Moneyrepublic, we understand these challenges and are here to assist and provide car finance. Our team provides tailored advice and explores suitable financing options that fit your situation. Contact us today to learn how we can help you get behind the wheel of your dream car.

How do I get car finance as a young driver?

Getting car finance as a young or first-time driver can be challenging. At Moneyrepublic, we understand the difficulties you may face when trying to buy your first car. Our expert team is here to guide you through the process and offer practical advice.

Here are some steps young drivers can take to secure a car finance deal:

  1. Expert advice: Our team provides personalised guidance to help you navigate the car finance landscape and make informed decisions.
  2. Budget planning: Consider all costs associated with owning a car, including purchase price, insurance, fuel, and maintenance. We can assist you in determining a realistic budget.
  3. Build your credit: If you have limited credit history, start building it by managing other financial commitments responsibly.
  4. Explore finance options: Compare different types of car finance, such as Hire Purchase (HP), Personal Contract Purchase (PCP), or leasing, to find the best fit for your situation.
  5. Choose a suitable vehicle: Select a practical and reliable car that fits within your budget. Used cars can often offer better affordability.
  6. Insurance costs: Look for cars with lower insurance group ratings to keep insurance premiums manageable.

Securing car finance for young drivers may require some extra effort, but with our support, you can find a suitable solution. Let Moneyrepublic help you achieve your goal of owning your own car. Contact us today to get started.

Car finance options available for young and first-time drivers

Hire purchase

Hire Purchase (HP) is a popular car finance option for young drivers in the UK. With HP, you can spread the cost of your vehicle over a fixed term, typically 1 to 5 years. You'll make monthly repayments that cover both the cost of the car and interest. Once all payments are made, you'll own the car outright, giving you long-term ownership and equity in the vehicle. Hire purchase car finance is a straightforward option is ideal for young drivers looking to eventually own their car.

Personal contract purchase

Personal Contract Purchase (PCP) is a flexible car finance option popular among young drivers in the UK. It offers lower monthly payments compared to traditional loans. With PCP, you make fixed monthly repayments over a set term, usually 2 to 4 years, with the option to purchase the car at the end by paying a balloon payment or return the car. This allows you to drive newer and more expensive cars with a smaller deposit and manageable payments. PCP is ideal for those seeking flexibility in car ownership.

Personal contract hire

Personal Contract Hire (PCH) is an appealing option for young drivers who prefer not to own a car outright. With PCH, you make lower monthly payments compared to buying a car. You don't own the vehicle but enjoy driving a new car with benefits like road tax and breakdown cover included. PCH offers flexibility and convenience, making it ideal for those who want hassle-free car usage without ownership responsibilities.

Guarantor loan

For young drivers car finance, a guarantor loan can offer an additional level of assurance. This involves a third-party guarantor who agrees to make payments if you're unable to meet them. While this option allows for outright purchase, it may be challenging to secure if you have limited credit history. Carefully consider the terms and conditions before proceeding with a guarantor car finance loan.

Personal loan

A personal loan is an excellent alternative for young drivers and first-time buyers looking to purchase a car outright. It provides flexibility in choosing the desired vehicle and offers full ownership and control from the start. With a personal loan, there are no restrictions or limitations on the type of car you can buy, giving you the freedom to make your own decisions about your vehicle. Consider a personal loan for straightforward car financing with full ownership rights.

What cars are popular among first-time and young drivers?

For first-time and young drivers, certain car models are popular choices due to their practicality and affordability:

  • Ford Fiesta: The Fiesta is a favourite for new drivers because of its reliability, low running costs, and ease of driving. It's practical for city and suburban driving, with good fuel efficiency and manageable insurance premiums.
  • Volkswagen Polo: The Polo offers a balance of style, comfort, and safety features, making it appealing to young drivers. It's well-built, has good resale value, and offers a refined driving experience.
  • Renault Clio: The Clio combines style with practicality, making it a popular choice for young drivers. It's compact yet spacious inside, with efficient engines and modern technology features.

These cars are well-suited for first-time drivers due to their reliability, affordability in terms of running costs and insurance, and overall practicality for everyday use. Choosing one of these models can provide a safe and enjoyable driving experience for young drivers.

How to apply for young driver car finance

Applying for young drivers car finance is straightforward:

  1. Online Application: Begin by completing a simple online application on our website. This allows us to understand your financial situation and preferences.
  2. Matched with Deals: Based on your application, we'll match you with suitable car finance deals tailored to your circumstances.
  3. Personal Account Manager: After applying, you'll be assigned a personal account manager. They will assist you throughout the process, answering questions, liaising with lenders, and helping with your car search.

Our goal is to make the car finance process easy and transparent for young drivers. Start your application today to get closer to owning your dream car.

Why choose Moneyrepublic?

Get your car finance online

Get car finance options with no impact on your credit score. Rates starting from 9.9% APR.

Buy a car from any dealer

Once approved, collect or get your car delivered to you.

Car finance quality assured

We’ll do a thorough vehicle HPI, full-service history and MOT check. Buy with confidence.

Geta a quote now

Our Lenders

We work with over 15 lenders offering 100+ HP and PCP deals so that you could have the best offer.



Does a new driver need to get a car on finance?

Whether a new driver should get a car on finance depends on their circumstances:
  • Affordability: Consider if you can comfortably afford the monthly payments, including insurance, fuel, and maintenance costs.
  • Budget management: Finance allows you to spread the cost over time, making it easier to fit into your monthly budget.
  • Total cost: Keep in mind that financing adds interest, increasing the overall cost compared to buying outright.
  • Other expenses: Factor in insurance, fuel, and maintenance expenses, which can accumulate over time.

What is the legal age for car finance?

You must be over 18 years old to sign a car finance credit agreement. This means that individuals aged 17 are not eligible for car finance. However, meeting the age requirement does not guarantee approval of a suitable car finance agreement. Lenders consider your current situation and credit history when assessing your application. At Moneyrepublic, our team is dedicated to simplifying car finance and assisting you throughout the application process.

Can a provisional licence holder get car finance?

Provisional licence holders can apply for car finance, as some lenders accept applicants with a provisional licence. At Moneyrepublic, we have lenders who consider provisional licence holders for car finance.

Do you need to be employed to get car finance?

To get car finance, having employment is not always mandatory, but it significantly impacts approval chances. Lenders assess your ability to make monthly loan repayments, so having a regular, steady income is important. If you're a young driver without employment, lenders may still consider your application, especially if you're a student. However, employment improves your likelihood of approval for car finance.