Are there any restrictions on the vehicle I can buy?

Yes, there probably will be some restrictions on the vehicle you can buy, usually these relate to the age of the vehicle, how many miles it’s done and how many miles you can drive each year as well. These are standard across all lenders. There may also be other conditions that depend on your personal circumstances, but each lender is different, so we can’t say for sure what they might be until you make an application. What we can say is, if you have your eye on something that doesn’t meet this criteria, give us a call and talk to us about it.

2022-04-13T14:14:30+01:00June 17th, 2020|Categories: |

Can I get vehicle finance if I have bad credit?

Yes, you can. We know that times can be tough and sometimes things go a little wonky with finances, it can happen to us all. We don’t think this should stop you getting finance, so we’ve made sure we have a range of lenders on our panel that specialise in lending to people with a less-than-perfect credit history. We won’t lie, you may not get the best rates of interest, but you’ll be able to get the new car, van, motorbike, motorhome, caravan or horsebox you were after and improve your credit score! Yes, it’s true, getting finance will improve your credit score, as long as you keep to the repayments you agreed to, of course.

2021-01-19T14:31:59+00:00June 17th, 2020|Categories: |

Can I cancel my car finance if I change my mind?

Yes, you can. We know that sometimes things change and you might need to cancel your vehicle finance. If this happens to you, there are options to cancel. However, when you cancel makes a difference. When you sign the finance contract you have what’s called a 14 day ‘cooling-off’ period, which starts from the date the contract is signed. During this time, you can cancel your contract without giving any reason and with nothing to pay. After this time has passed, cancelling will depend on what your lenders rules are. If you think you may need to cancel your finance, and you are outside of the cooling off period, give us a call. We can look at your options and tell you how to cancel if we’re not able to [...]

2020-06-18T09:48:09+01:00June 17th, 2020|

What documents do I need to apply for vehicle finance?

We’ll need to see: - a copy of your driving licence – so we can be sure you can legally drive the vehicle you want to buy and it also proves you are who you say you are too. - proof of address – more identification checks. - proof of earnings – we usually need to see some proof that you earn what you say you do, which is important for lenders to make sure you will be able to afford the monthly payments. All lenders will need to see your driving licence and most will need to see the proof of address and proof of earnings too. Some may ask to see other documents, if they do, we’ll let you know. Any documents you send to us as proof [...]

2021-01-27T16:25:59+00:00June 17th, 2020|Categories: , |

How old do I need to be to apply for vehicle finance?

You need to be at least 18 years old to apply for vehicle finance. This may seem a little unfair seeing as you can drive a car at 17, but it’s to do with finance regulations. You have to be 18 to sign a credit agreement, which is what vehicle finance is. It’s a legally binding contract that only an adult can enter into. Between the ages of 18 and probably about 21 it may be hard for you to get finance simply because you’ll have no credit history for the lenders to look at. Again, seems a little unfair, but looking at your credit history is one of the ways a lender decides who to lend to and how much to lend.

2020-06-18T12:18:51+01:00June 17th, 2020|Categories: |

How much does The Vehicle Financer charge?

Nothing. We don’t ask you to pay anything for the work we do for you, the lenders pay us instead. If we’re able to find suitable finance for you, the lender gives us a fee for arranging your finance through them. Sometimes the dealer or the lender might ask for an administration fee, if they do, we’ll let you know.

2020-06-18T12:19:22+01:00June 17th, 2020|Categories: |

Is The Vehicle Financer regulated?

Yes, we are authorised and regulated by the Financial Conduct Authority (FCA). Our registration number is 834015 and you can see our regulation details here. Being authorised means we work to a strict set of standards that are in place to protect you. One of the first things you should do when you’re thinking of getting finance is to check that the company you want to use is regulated. If they aren’t, you should steer well clear. We are, so you can rest assured that we meet all the rules and regulations needed to offer you finance.

2020-06-18T12:21:34+01:00June 17th, 2020|

Will The Vehicle Financer be able to give me advice?

Yes, everyone who works for The Vehicle Financer has been in this business for a long time. We have many years of experience in helping people find not only the right finance for them, but the right vehicle too. We know finding and buying a car can be daunting for some people, so we’re here to help you in whatever way we can. Give us a call and we’ll see how we can help.

2020-06-18T12:21:26+01:00June 17th, 2020|

Who is The Vehicle Financer?

We are a credit broker, not a lender. This means we don’t provide the finance ourselves, we have a panel of lenders who provide the finance for us. What we do is approach those lenders for you. We know what the lenders prefer, what criteria they have and how likely you are to be offered finance by them, so we can approach the lender we think best suits your circumstances.

2020-06-18T12:21:13+01:00June 17th, 2020|
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