Car Finance on Benefits
The simple truth is that we get people who receive benefits into a car that suits them every day. We have some lenders that will accept benefits as a form of income though this does depend on that type of benefit you receive.
The types of benefit you can receive vary tremendously. From long term disability benefits to short term support. Lenders tend to focus on benefits as a form of additional income & these lenders use longer duration benefits as proof of income . Car Finance 4 Bad Credit have all the knowledge on what is and is not allowed when it comes to benefits qualifying as income.
How do Car Finance 4 Bad Credit get you credit if you have poor credit?
How can carfinance4badcredit.com help?
Car Finance Bad Credit are here to help those with poor finance or bad credit but we can even help those with good or ok credit as we have near prime and prime lenders as well. If your credit is better than you suspect it might be, you benefit in any case from the best rate available from the whole panel.
If you receive long term benefits then we can normally get these benefits as contributing to your income. Many people on benefits are not able to get car finance as some lenders do not accept benefits at all but we have forward thinking lenders on our panel that do accept some benefits and allow us to submit these on your behalf to prove affordability for the loan.
What is the process to get car finance if you have benefits?
The process is really simple and you can find our more here but the easy steps are:
Step 1: Apply - Use our simple soft search application form. It only takes less than 90 seconds to complete
Step 2: Get Approved - We use your long term benefits payments to support the application
Step 3: Choose a Car - Just send us a link with the car or ask our team to find you one with our free service
Step 4: A simple electronic signing process and a car on your drive plus a smile on your face in no time!
How Much can I borrow?
Carfinance4badcredit.com provide access to finance from £4,000 right the way up to £50,000. Once you apply we use soft search to get approvals from our large panel and the lenders that approve you set the APR % that you borrow at as well as the amount they are willing to lend. The lender takes into account things like your credit history and if you are in receipt of benefits then the type of benefit received.
Can anyone apply for car finance?
Provided you are over 18 and earn over £1,000 per month you can apply. Our lenders cover the whole market so you can be sure that Carfinance4badcredit.com are in a good position to get you finance whether you are employed or self-employed. We can even access finance for people who have part of their income from benefit payments and you can find more information car-finance-benefits.php
Do I need a deposit or do you do zero deposit deals?
In nearly 90% of cases, a deposit is not needed and you can find more information here.
Do you Guaranteed Car Finance?
Nobody can offer guaranteed car finance and you should be wary of any organisation that does but carfinance4badcredit.com specialises in finding and providing car finance for people with poor credit. Our friendly team will help you to find finance if at all possible and we know how frustrating it can be to be refused car finance so we go the extra mile and we treat everyone just like we would want to be treated.
Can I buy a car from any dealer?
You can source a car for any reputable dealer. The best way to do this is to find out if they are FCA accredited. Car Finance Lenders normally only consider FCA registered dealers as being suitable as the dealer is responsible for the quality of the car at point of sale and for satisfactory quality for a period of 6 months after purchase.
Will applying for fiance hurt my credit score?
You will be pleased to know that carfinance4badcredit.com only use soft search in the first instance to apply for credit from our extensive panel. This is done to protect your credit score so you are in safe hands with us and you can find our more about soft search here. (link to soft search blog)
I have very poor credit - can you still help?
carfinance4badcredit.com are set up to help people just like you. Apply now - it takes around 90 seconds to apply and we only use soft search up front so you know your credit profile is protected
Do you charge fees?
No, we do not charge consumers a fee. We earn our money from commission that lenders give us in return for successfully placing finance. We give you the best deal which means we are lead by the lowest APR % we can find for you which in turn means more money in your pocket and lower monthly finance costs.
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Please use our Car Finance Calculator. You can apply here to get an exact rate using our soft search service or you can also use our handy car finance calculator below to get a feel for what it could cost
Car Finance Calculator
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