How do I buy a car on Finance?

How do buy a car on finance?

If you have never done this before it is quite straight forward, once you have found the right offer for you, applying is just like a bank loan or a credit card they will likely ask for the following details.

  1. Full name
  2. Date of birth
  3. Current address
  4. Address history for up to 5 years, if you have moved around have you past postcodes ready
  5. Employment details including address and how long you have been there
  6. Bank details

They will ask for a proof of identity normally a driving licence, in some cases, secondary proofs may be required for example a utility bill dated in the last 3 months.

Depending on your credit profile proof of employment and income maybe be required.

This is all done discreetly and online, if you are uncomfortable with this, depending on the lender they can sometimes send you a link to input the details in private yourself and complete the whole process yourself online via a link for from the dealership.

Personalise your motor finance. Rates from .
8.9% Representative APR
Representative example: Cash Price £9,999.00. Deposit £1000. Total Amount of Credit £8,999.00. First payment of £0.00. Followed by 59 Monthly Payments of £186.18 with a final payment of £187.18 which includes an Option to Purchase fee of £1.00. Duration of Agreement is 61 months. Total Amount Payable is £12,171.80. Total Cost of Credit is £2172.80 Annual Fixed Interest Rate of 4.75%.


How do I buy a car on Finance?
Tagged on: