FAQ

Am I Eligible For Car Finance?

Our aim, at Like Car Finance, is to help as many people as possible, but there are certain criteria that need to be met in order for you to be able to take out a loan. The majority of lenders will only lend to drivers aged over 21 and with a full license. However, some of our lenders will lend to 18 year old, and some will lend to those with only a provisional license. You must have lived in the UK for a minimum of three years and, above all else, you must be able to meet the agreed repayments.

Can I Apply If I Am Self Employed/Bankrupt/New To The Country?

We have a broad range of lenders who will consider most circumstances. If you are self-employed, it may be necessary to provide your last three monthly bank statements. However, our lenders cannot help those that have not lived in the country for three years, and they can only offer a loan to those whose bankruptcy has been discharged for a minimum of 12 months. If you’re unsure, one of advisors will be able to give you advice.

Can I Apply If I Have Poor Credit Rating?

Some of our lenders specialise in arranging loans for those with an adverse credit rating. Even if you have previously declared bankrupt, have missed payments in the past, or have CCJs and defaults, there may still be a lender that can help.

How Do I Apply?

Our application process is quick and straightforward. You can either apply online using the simple application form, or call one of our advisors – they will be able to answer your questions and proceed with the application for you.

How Long Before I Get A Decision?

The length of time it takes for a decision depends on a number of factors regarding you and the amount that you wish to borrow. Typically, we can provide an answer within a day, or even a few hours, but some of the more complicated applications may take up to seven days.

Do You Need My Driving License?

You will need to provide us with a copy of your license and a recent wage slip. In most cases, this is all of the documents that you will need to send. However, we may have to ask for a proof of address or bank statements, depending on your circumstances.

How Much Will I Have To Repay?

Credit rating, the amount you wish to borrow, and the length of time that you want to borrow the money over will determine how much you have to repay. Use our car finance calculator to give you a better idea of typical monthly repayments for your circumstances.

How Much Will I Be Able To Borrow?

Again, the amount that you will be able to borrow will be determined by your circumstances and the loan that you require. Once you have made your application, we will provide you with specific information regarding your credit limit, costs, and other factors concerning your loan.