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Can I Get Car Finance? : Carmoola So you're considering getting car finance for your next car, but are you even eligible? Is it worth going through the application process, only to be humiliated at the end? Well, we've tackled the most popular questions around eligibility for car finance and loans, and you can find all the answers here. How are decisions made on car finance? It may feel a bit like a secret science, but there are actually just a few factors that contribute to how companies make decisions on car finance. Essentially, they'll be looking at your credit profile and financial history – they'll calculate your affordability, and they'll need to be comfortable that you've proved you are who you say you are (usually via photo ID). If you're worried about your credit history, there are lots of tools online that help you to see your current credit score, and often suggest ways you can improve it. Who can get car finance? Car Finance Explained is generally available to anyone over the age of 18 as long as you meet the lender's requirements. Factors to consider include where you're based (usually, you need a UK address), your age, the car you want to buy, current credit score and available income.
These are the primary factors lenders take into account when making decisions on whether or not to offer car finance. You'll need to show proof of identity, address and income. The lender will also perform a credit check by accessing your credit report. Our Top Keywords :- Can I Get Car Finance? Car Finance Explained Car Finance Questions Buying a Car Online Contact Details: Website URL:- https://www.carmoola.co.uk