How to apply for your car loan
Now that you’re ready to buy a new car, we’re here to help you pay for it. Applying for a loan with us is as simple as 1, 2, 3.
1. Get a quote.
We'll provide you with a personalised quote that takes into account your credit rating and current financial circumstances. It will show you upfront the rate of interest you would be offered if your application is accepted and how much your monthly repayments would be.
We do a 'soft' credit search to provide you with this quote, meaning your credit file isn't impacted.
Get my quote and apply now
2. Apply and sign online.
When you're happy with your quote, you can apply online in less than 10 minutes. You'll need your address details for the last two years, your current employer's name and address (and how long you've worked there), your income and how much you spend on rent/mortgage and any childcare/school fees.
3. Receive your money.
There’s nothing left to do but sit back and think about what kind of car you want to buy. We’ll pop the funds into your bank account the next working day subject to approval and your repayments will start the following month.
Who we lend to
As a responsible lender, we need to know we’re only lending to people who can afford to repay their loans. For our peace of mind and yours, we have a few criteria for who we’ll lend to.You need to:
Be a UK resident (excluding Isle of Man and Channel Islands) and over 18 years’ old
- Earn at least £10,000 a year
- Have a good credit history (no previous defaults, CCJs, Debt Relief Orders, IVAs or bankruptcies)
- Hold a UK bank account in your own name, which accepts Direct Debits.
If all of these apply this doesn’t guarantee that your application will be accepted. We will need to do some additional credit and affordability checks.
Get your personal quote and apply
*sources: www.theaa.com and http://www.thisismoney.co.uk