Get answers to common questions

Application Process FAQ's

Yes you can make a join application for car finance. However, the other person you apply with must live at the same house as you and be one of the following:

  • Spouse
  • Partner
  • Civil Partner
  • Son or daughter
  • Sibling

Once you’ve applied, we will look at both your incomes to see if they total the minimum required by our lenders and go from there.

No. This would be called fronting and is illegal. However, you can make a joint application together, which will mean we’ll take both your incomes into account in our affordability checks.

A representative APR can be used to compare lenders against each other. When a loan is advertised with a representative APR, it means that at least 51% of customers receive a rate that is the same as or lower than this representative APR. The APR you receive will be based on your credit score. This can be the same, lower or higher than the representative APR and your APR may not be the same rate that is offered to someone else. This is due to your individual financial circumstances.We are unable to tell you exactly what your APR will be until you apply

Although some lenders do and do not offer a 14-day cooling off period, you do have the right to withdraw from your car finance agreement with them. You do not need to give any reason, but you must withdraw from the agreement within 14 days of you receiving a signed agreement from the lender.You can submit a withdrawal request by writing to the lender you obtained your financing through. 

We can help so get in touch on our contact us page. 

You can also call our Customer Services Team on 0208 0376060 to discuss this matter.

If you decide to withdraw from a car finance agreement beware you must repay the amount you borrowed from the Lender, including any accrued interest within 30 days of submitting your Withdrawal Request. Interest will accrue each day from the date the credit was provided to you until the day you repay the credit. The exact daily amount will be stated in your contract.

You can apply for multiple vehicles on finance with our lenders, as long as you fit within their specific multiple vehicle criteria and your application passes our affordability checks.

When you first apply to us (whether online or over the phone or through a vehicle supplier), the initial credit search we carry out to check if it looks like we can offer you finance is what’s known as a ‘soft search’. This means it won’t affect your credit score. After the initial application, if you want to enter an agreement with one of our lenders then they will carry out a full credit search which will show on your credit file.

The difference between a soft credit check and a hard credit check is important to know when applying for any type of finance.

A hard credit check is visible to other lenders and shows if you’ve been declined for finance or make multiple initial applications. This can negatively impact on your credit score and could make it harder for you to get finance in the future. We will only ever conduct a hard credit search once you’ve found the vehicle you want to finance and are happy for us to proceed. 

A soft credit search is an initial credit check which doesn’t leave a footprint on your credit file. We only ever will conduct a soft credit search on your initial application.

Yes you can apply for car finance with a low income. Each lender will have their own lower limits for your monthly wage after tax. This ranges anywhere from £1000 to £1500.

We can’t guarantee we’ll approve everyone who applies for vehicle finance because guaranteed car finance doesn’t exist. However, we do our level best to pair you with the best lender from our extensive panel of lenders.It’s always worth submitting an initial application to us as we have helped many people successfully obtain car finance.

Absolutely. Many of our lenders take applications from serving Armed Forces Members.

Once we have arranged your finance and a pay-out has been made to the dealer you are free to pick up your vehicle!

Even if you’ve been turned down, we usually can help! Make an application today by following our link HERE

Yes, in most cases you can pay your agreement in full (early settlement) or make additional payments (partial early settlement) at any stage during the life of the agreement.

At Car Finance R US our lenders offer a ‘Conditional Sale Agreement’ which means they legally own the vehicle while you are paying off your vehicle finance. Once all charges have been paid then the vehicle can be transferred to be yours legally.


If you have any questions at all about changing or upgrading your vehicle then please speak to our Direct Sales Team on 0208 037 6060

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Rates from 9.9% APR. Representative APR 22.9%. Car Finance R Us is a credit broker, not a lender.

Eligibility FAQ's

Is there an Age Limit for Car Finance?

Although you can legally drive at 17 you must be 18 or older to get vehicle finance.This age does vary with our panel of lenders and in some cases you must be older than 21 and younger than 70 at the point of application.

Yes you can get car finance with a previous default. It will, however, be more difficult to find a lender, but certainly possible. Car Finance R US will help you get car finance with a default by looking at the lenders in our panel that specialise in helping those who have bad credit, CCJs and IVAs

Can I apply for car finance with low income?

Yes you can apply for car finance with a low income. Each lender will have their own lower limits for your monthly wage after tax. This ranges anywhere from £1000 to £1500.

I’m not On The Electoral Roll, Can I Get Car Finance?

Yes you can, but this might be difficult. Not being on the electoral roll is a significant factor that can impact your credit score. You may still apply though, as we have a wide range of lenders that can help people with this specific issue.

No you don’t, but it might make it more difficult. You can still apply as we mentioned before, we have a large panel of lenders that can help people with this specific issue.

Can I get car finance if I’m on a pension

Yes, we can offer car finance if your main source of income is your pension.You will still need to have a monthly income after tax that meet our lenders lower limits.This can come from your pension or another source of income that tops up your pension amount.

To get vehicle finance, you’ll need to have lived in the UK for a minimum of 3 years.We’ll need to see your UK driving licence as proof of this. If this is not available, we will accept UK or EU passports along with a completed DVLA and DVA mandate or Share Code PDF.

Do I need to be employed to apply for finance?

No you do not need to be employed to apply for vehicle finance. However, you do need to have a source of income, preferably from one of the following:

  • Income from a job
  • Pension
  • Disability Living Allowance (DLA)
  • Carers Allowance (CA)
  • Personal Independent Payment (PIP)

For any source of income, we’ll need to seeevidence that you have received it in the most recent 2-3 consecutive monthsfrom payslips or bank statements.

What Deposit Do I Need To Give For Car Finance?

In many cases you will not need a deposit at all however some lenders might ask you to put down a small payment with varying minimums usually between £400-£500. This is not a percentage of your overall loan and only applies to some lenders.

Yes you can get a car loan, however it does depend on the lenders specific requirements and will be subject to fact-finding from the lender.

If you have just moved to the UK, it will be difficult to get finance as you’ll need to have a UK address and ID to apply and be accepted for any type of loan.

Unfortunately, we won’t be able to offer car finance if you do not have a full address history from the most recent 3 years as this is a requisite from all of our lenders.

To get car finance with us, you’ll need to have lived in the UK for a minimum of 3 years.

Yes, you can apply for car finance with our lenders if you are currently a student, but all of our applicants must be over 21.

However, you must be earning a minimum of £1,000 per month, after tax.

Yes, we can help, as many of our lenders will offer finance up to the age of 70.

You will still need to have a monthly income after tax of at least £1,000, from any of the following sources:

  • Income from a job
  • Pension
  • Disability Living Allowance (DLA)
  • Carers Allowance (CA)
  • Personal Independent Payment (PIP)

Yes you can. Just remember that every time you agree to a new finance agreement, the lender will need to conduct a hard search on your credit file.

The more frequently you do this, the more likely it is that your credit score will decrease.

Credit Score FAQ's

There is no specific credit score number or rating that need to have to get car finance in the UK. This is because there are three different credit reference agencies in the UK, and each one calculates your credit score differently.

You can see below the credit score ranges that each agency uses:

  • Experian: 0-999 where 881-960 is considered good
  • Equifax (Clear Score): 0-700 where 420-465 is considered good
  • TransUnion (Credit Karma): 0-710 where 604-627 is considered good

The higher your credit score is, the better your chances of getting car finance. Factors such as a recent change of address, missed payments or not being on the electoral roll will affect your score. It might be worth finding out if you have a good or bad credit score and what this looks like for you.

But don’t worry, if you do have bad credit it doesn’t mean that you won’t be able to find car finance. You might find it more difficult to find a lender. Fortunately Car Finance R Us specialise in finding car finance for people from all credit backgrounds. Improving your credit score is one of the many things you can do to increase your chances of getting car finance.

We compare your details with our lending panel who offer different rates. Our job as a borker is to offer you the very best rates available on the market, so you do not need to go anywhere else.

Mortgage arrears will not stop you applying for finance but the impact they may be having on your credit file may also impact your ability to get car finance with our panel of lenders. We have had success with people in this situation so why not let us try and help you?

Yes, you can still apply for car finance with us if you’re in a debt management plan. Just be aware that being in a debt management plan may impact on your credit file and this may affect your ability to get finance with our Lenders.

Yes you can get car finance with no deposit.

APR stands for Annual Percentage Rate. It’s a term commonly used amongst finance lenders and is the total cost that you pay for the money you’ve borrowed for a year. The APR is a separate amount charged on top of your original loan.

It’s important to know that APRs change per product, company and person. Which means you could be charged a different APR to other people you know. For car finance an APR is firstly decided by your credit score at the time of applying. If you currently have a bad credit score, you can check using a website or app like Clearscore or Experian, then you might end up paying a slightly higher APR.

Get in touch with us if you need to talk it through.

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