Car finance for young drivers 18 year olds +
Car finance is available for most young drivers regardless of credit history. There are many ways of getting finance for your car, of course, the better your credit rating, the lower the interest payments should be.
As a guide, you can use a car finance calculator to work out how much you can afford to borrow and then it’s just three simple steps to getting your car loan.
The car finance company will search a large panel of lending partners specialising in car loans for young drivers, to find the very best young driver car finance for you.
Once approved for the loan, you will be able to buy a car from any reputable dealer, sign the paperwork and drive away in your new auto.
The 3 simple steps to your car finance
The process of applying for a car loan is easy and stress-free, and the benefits include:
- Regardless of your credit status a you will be considered.
- A decision is usually available in minutes.
- You will get your personal finance advisor.
What if I have a bad credit history!
If you want young driver car finance, but have a poor or bad credit score, don’t worry!
For those with CCJ’s or who are in a debt management plan or even have had credit refused to them!
You might not qualify for a standard loan but could apply for a “no credit check car loan.”
Don’t worry! Although credit checks are required because car finance companies have relationships with many types of lenders, there is usually car finance available for even young drivers with bad credit.
Even having a poor credit rating, you could still be able to buy a car.
What age can I apply for car finance?
You can apply for car finance from 18 years old providing you have a driving licence.
The usual classification of a young driver when they apply for car finance is from 17 years old up to 24 years old.
You can apply for car finance at 17 years old but may need to provide a Guarantor for the loan.