Frequently Asked Car Finance Questions
At Autozone, we are specialists in all things bad credit car finance. We act as a credit broker and work with a variety of lenders to better improve your chances of getting approved for a car finance agreement.
Below we've answered the top finance questions, to help make car finance easier to understand for seasoned car buyers and new car buyers alike.
FAQs
- How long does car finance approval take?
- What credit score is needed for car finance?
- Can I get car finance with an IVA?
- How does part exchanging a car on finance work?
- Can I get car finance on benefits?
- Can I get a car with bad credit?
- What is no deposit car finance?
- What documents are needed for a car finance application?
- Can I apply for car finance with a provisional driver's licence?
- Can I apply for car finance in the UK with an EU driver's licence?
- What is hire purchase finance?
- Is hire purchase (HP) finance better than personal contract purchase (PCP) finance?
More Information:
What is the approval process for car finance?A higher credit score can be beneficial to your application as it can mean a lower rate of interest and a shorter contract, but you can still be approved even if you have a less-than-perfect credit score.
We specialise in poor credit car finance and are likely to find a finance lender suitable for you at Autozone.
More Information:
What factors affect your credit score?But it's not impossible to get a car finance agreement even if you have an IVA, instead, it's assessed on a case-by-case basis.
- Proof of ID
- Proof of income
- Address history
- Bank details
- Personal details
Payments are made up of the car's value plus interest, and you will be required to pay a transfer fee to have ownership of the vehicle transferred over to you.
PCP finance payments tend to be less expensive as drivers will only be making payments for the duration that they are driving the car, and you can return it once the contract ends.
We can help you get approved for car finance, but if you'd like more information, you can get in touch and our team will be more than happy to help!
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