If it’s the best vehicle finance options you’re looking for, we can help provide the money you need from £1,000 up to £25,000. Fund your next purchase of a reliable used car or brand-new vehicle with instant loan approval online. We can help you compare vehicle finance from over 40+ lenders on the market. All of which are willing to provide a car loan that has manageable payments and preferential rates of interest. Apply for vehicle finance today and see what options there are for you.
What is Vehicle Finance?
Vehicle finance refers to a type of personal loan designed to cover the costs for a new or used vehicle. Available from many UK direct lenders and high street banks, vehicle finance can be applied for quickly. Many lenders are able to offer same day deposit into your bank account as well. We aim to make the process of finding the right vehicle finance for your circumstances as easy as possible. We can compare car finance with just one application, providing all the relevant lenders who can help. To be eligible to apply for vehicle finance, you will need to meet the following minimum requirements:
- You must be aged 18 years or older
- You must be a UK resident
- You must have a valid bank account
- You need a regular source of income
If you can say yes to the above criteria, click apply now. We can show you very quickly the options available.
How Do I Compare Vehicle Finance?
To see the best vehicle finance options, you’ll need to tell us the amount and repayment term you want. With this information, we can provide you with a personalised table of loan offers. We filter through the lenders who can provide you with the loan you want. From here, you can make an informed decision on which lender you wish to continue your loan application with online. To see your own personalised table of offers, you won’t need to undertake a credit search. Once you have decided on the lender you want to apply for vehicle finance with, a credit search will be performed. This will form part of the approval process.
Why Should I Choose Personal Loans Now to Apply for Vehicle Finance?
At Personal Loans Now, we can provide many beneficial reasons to apply for vehicle finance through us. Some of the many great reasons to choose us include:
- Fully Online Application – you can compare and apply for vehicle finance completely online. No waiting for paperwork to sign.
- High Acceptance Rates – we have helped 50,000 applicants get the funding they want and are proud to offer even more.
- Low APR Rates – when you apply for vehicle finance, you’ll see the lowest APR rates available for your requested loan.
- Instant Approval – we can process a decision in 90 seconds.
- Same Day Funding – once approved, we can credit your account on the same day.
If you need more information on how we can help you get the best deals on vehicle finance, please contact us. You can do this via email or phone where a member of our knowledgeable team can get to work helping you.
Vehicle Finance for Bad Credit
If you currently have a bad credit rating, don’t let that put you off from applying for vehicle finance with us. You don’t need a credit search to be able for us to compare vehicle finance offers that are available. This means your credit rating will not be affected whilst comparing your options. Only once you submit an application for vehicle finance will a credit search be performed. We can ensure not just your credit rating will be considered, as we look at your affordability. If we can determine that you can afford to take out the credit you want, we’ll be happy to approve you. We’ll show you vehicle finance for bad credit, even if we can’t approve the loan ourselves. If you have bad credit and need a loan for an emergency situation, we can help as well.
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High Acceptance Rates for Vehicle Finance
Our aim is to help as many people as possible receive the lending they require. We offer high acceptance rates that you may struggle to find elsewhere. We have already helped 50,000 loan applicants just like you get a loan against a car that they wanted. So, click apply now and see exactly how we can help you today. Not only can we help with our high acceptance rates. We’ll also provide a quick turnaround by depositing funds directly into your bank account the same day. Using our secure website, we can provide a seamless experience. It will take you from clicking apply now to having the funds ready to use within minutes.
Vehicle Finance FAQs
Do I Need a Guarantor to Apply for Vehicle Finance?
You do not need to have a guarantor to apply for vehicle finance through Personal Loans Now. Depending on your current finances and the loan amount, some lenders may only offer a loan with a guarantor. Having a guarantor on your vehicle finance can help improve your chances of getting the loan you want. Especially if your current credit rating is poor or bad. If there is a high risk to a lender of approving your application, having a guarantor can reduce that risk. This is especially true if they have a very good credit score. In most situations, you’ll be able to get the vehicle finance you want without a guarantor. But this cannot be guaranteed until an application is submitted.
Can I Apply for More than £25,000 for Vehicle Finance?
Through us, the maximum you can apply for with vehicle finance is £25,000 unsecured. This means that if you want to borrow a higher sum, you’ll need to look at other options, such as a secured loan. With secured borrowing, you can apply for a loan up to £250,000 which will be secured against an asset. This is normally a vehicle or property, to ensure if you get into problems, the debt can be recovered. If you’d prefer to only apply for an unsecured loan, then an amount between £1,000 and £25,000 would be the limit.
What Happens if I Miss Repayments on Vehicle Finance?
If you miss a repayment or feel you will struggle to make them, you’ll need to contact the lender. This way you’ll be able to discuss a suitable time frame to pay the arrears and avoid further issues. The risk of missing agreed repayments is the lender may take legal action to recover any loss. This can result in the whole loan amount being requested to be repaid. This is why it is always best to contact the lender to speak about the issues you are having.
I’m Having Financial Difficulties, Can I Still Apply for Vehicle Finance?
If you’re in financial difficulty, you’ll need to consider whether vehicle finance is the best option. Taking out further borrowing when already having debt can increase your difficulties rather than help them. We recommend seeking advice from a free debt advice service, such as the Money Advice Service. They can provide you with impartial advice to help you. Before applying for any form of borrowing, you should go through your income and expenditure. This will determine what your affordability currently is. If your disposable income is low, you’d need to consider other options for vehicle finance. As responsible lenders, we cannot lend to you if you are experiencing financial difficulties. This is because it may impact your ability to make repayments on a new loan.