One of the most asked questions at Get Me Car Finance is can i get car finance if i receive benefits. The simple answer is YES. If the applicant can be shown to afford car finance then who are we to stop them having a car.
Well, there is an element of risk to any finance agreement, but we find that people who receive benefits pay their monthly payments just as well as people who are not on benefits.
Perception of People on Benefits Many people arrive at our door who have been refused car finance because they dont work, and receive benefits. Most people when the word "benefits" is used think of the scrounger sat in a pub on a tuesday morning , vaping with a pint of lager watching Jeremy Kyle on the pub tv. In reality most people on benefits work hard to keep their home and family going. From the single mother to the dedicated carer who cares for a loved one.
So where do I apply You can apply for car finance here https://www.getmecarfinance.co.uk/apply.asp we will process your application within one working day and get back to you by text or phone.
If you have any questions please do not hesistate to contact us.
Car finance if you're unemployed
Car finance is available to you if you're unemployed, if you speak to the right lenders. All lenders will want to know that the person taking out the loan is responaible and can afford to keep up with their repayments.If you're unemployed with a good credit rating you could use a guarantor to get you your dream car.
No employment history?
You can get car finance with no previous employmrnt history, however, it may take a little bit longer to get it. You need to be able to reassure the lender that you can keep up with repayments and not miss out on any payments. Obviously being employed or having previous employment history will help you secure car finance, but it's not compulsory. It may only be an issue if you also have bad credit history. Your car finance application may be approved with the addition of a guarantor, who's employed and has a good credit history. They will be able to guarantee your repayments throughout your contract.
Unemployed with good credit
If you're unemployed with good credit, all you need to do is reassure the lenders that you can keep up with all your repayments. Even with good credit, a lender may still insist on you using a guarantor, this just means that the lender wants to be 100% sure that you'll be able to keep up with your repayments and not miss any.