We are one of the leading Car Finance Brokers in South Tyneside giving you the opportunity to finance the car of your dreams. Once you have been accepted for finance from one of our lenders, you can take that finance deal and pair it with any South Tyneside reputable car dealer or any elsewhere in the country! Who doesn’t want variety?

How do I check my credit score and rate for Car Finance South Tyneside?

Rather than blindly jumping into applying for South Tyneside car finance, you can find out the likelihood of being approved and your expected rate first! No more keeping your fingers crossed and hoping for the best.

Checking your credit file and rates for car finance have never being easier. We have created a car loan calculator with a soft search tool that helps work out your car finance costs and how eligible you would be for car finance by our lenders.

Calculate Your Loan

Monthly Budget

£

Duration Of Loan

Years

My Credit IS:

Representive example:

Cash price: £0.00, Deposit: £0.00, Amount of credit: £0.00, Rate of interest: 7.4% per annum, Amount of interest: £7.4, Lender Documentation fee: £0.00, Lenders option to purchase fee: £0.00, Total charge for credit: £7.4, First repayment: £0.00, Followed by 58 Monthly repayments of: £0.00, Final repayment: £0.00, Total amount payable: £0.00, Representative APR: 0.0%

Rates may differ as they are dependent on individual cirumstances. Subject to status.

The soft search tool means that while enquiring about taking out a new finance shows up on your credit file, it will only be visible to you. If you go ahead and apply for a financial product, but the lender rejects you, the failed application will be recorded on your credit file. We want to do our best to make sure this doesn’t happen because we don’t want to harm your credit score.

You can perform a soft search as frequently as you like as it will not affect your credit score. We do suggest that if you have applied with UK Car Finance, that you don’t then go and apply elsewhere – as some lenders will use hard search when checking your credit files and too many checks leave a negative impression.

If at all you’re struggling with credit, there are ways to rebuild and improve your credit score. You can find out more information by reading our blog on how to build your credit score.

Will I be approved for South Tyneside Car Finance?

Age

The age you have to be to apply for Car Finance South Tyneside can vary dependant on the lender, but ideally you need to be at least 18 years of age or older. We have a variety of lenders that all have a slightly different criteria, but 18 is the legal minimum age to take out car finance in the UK.

 

Bankruptcy

You cannot apply for car finance until you have been discharged from bankruptcy. Once you have been discharged, you are then legally allowed to borrow – however you would need to improve your credit score before doing so. At UK Car Finance we do accept people who have recently being discharged from bankruptcy, but we do advise that you should work on your credit first. Why not check your chances first by using our finance calculator.

Lived in the UK for 3+ years

You are required to provide 3 years address history to be able to get Car Finance South Tyneside. Lenders have this requirement to prevent people from coming to the UK, financing out the car and then going back home again – leaving the lender in a situation that they have no choice but to collect the car and sell it for a loss. If you have only been in the UK for 2 years, don’t be offended by this. As soon as we can, we will help you.

Full UK driving license

To apply for Car Finance South Tyneside it is advised that you hold a full UK driving license as for most lenders this is what they prefer – although some lenders do accept a provisional license. We don’t turn people away if they have a provisional but we would advise that you pass your test first, as this will give you a much wider range of options.

Prove your affordability

To get approved for Car Finance, you need to prove that you can afford the loan. We would need you to show us your proof of employment and/or income. We require at least 3 months proof of your income, whether that be bank statements, income claims, tax information or wage slips. Your proof of earnings must be sent to us as a clear photograph or scanned copy and email them to us. We must be able to read the details on them, although your personal car finance expert can help if you’re struggling.

Don’t be a backseat buyer

What cars can I get with UK Car Finance South Tyneside?

At UK Car Finance we know that it’s important for you to get the car you really want, which is why we make sure that you can use your finance with a reputable car dealer. We know the best dealers to go to, who to trust and who you should avoid – we will guide you through your car buying process from the start to finish so you needn’t worry about a thing.

Cars | UK Car Finance

Have you been looking for Audi Car Finance? Maybe you’ve being looking for BMW Car Finance. We can help you with almost every brand of car – even the ones that aren’t so common.

With our approval rating at 98.4% your chances for getting car finance with UK Car Finance are very high.