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Who can qualify for one of our loans?
We will need you to complete our online application. We will then send you a proposal form to check your details are correct, and we will also tell you what other documents we will need to complete your application at this stage. Our minimum loan is £2,000, and we will need to know your addresses for the last 3 years, and also your employment history for the same period. Further lending criteria :If you have bad credit, defaults or CCJs, and your new car is under 5 years old, we need you to have a 10% deposit. If the car is 6 or 7 years old, you must have a 15% deposit, and if the car is 8 to 10 years old the minimum deposit rises to 20%. Remember, your old car can be used as deposit if the part exchange value is high enough. The maximum term for your car loan will be 48 months. If you have clean credit, no deposit is required. |
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We will favourably consider finance for : Individuals in full time employment; self employed and businesses, including new start ups; those with a bad credit history.