How to Get Car Finance 2025:
Follow 4 Simple Steps to Guarantee Car Finance Approval Now!
Getting car finance doesn’t have to be complicated.
With rising car prices and tighter budgets, more people are turning to finance options to get behind the wheel. Here’s your straightforward guide to getting accepted for car finance, even if you’re worried about your credit score.
Understanding Your Car Finance Options
Car finance comes in two main forms:
Hire Purchase (HP): You’ll own the car after making all payments.
Personal Contract Purchase (PCP): Lower monthly payments with options at the end of the term.
Both options have their benefits, but what matters most is finding the right fit for your circumstances. Check out our detailed guide to learn more about how car finance options work.
How to Get Accepted for Car Finance: Step-by-Step Guide
1. Know Your Budget
Before applying, calculate your monthly budget carefully. Include:
- Monthly payment amount.
- Insurance costs.
- Fuel expenses.
- Maintenance and MOT costs.
2. Check Your Credit Score
Don’t let a less-than-perfect credit score stop you.
While it’s important to know where you stand, we work with lenders who understand that bad credit scores don’t tell the whole story.
3. Gather Your Documents
Having these ready will speed up your application:
- Proof of ID (passport/driving licence).
- Address proof (utility bills/bank statements).
- Income proof (payslips/tax returns).
- Employment details.
4. Get Pre-Approved
Use a soft credit check tool to see your options without affecting your credit score.
You’ll know exactly what you can afford before making a full application.
Common Concerns Addressed
“Will Car Finance Affect My Mortgage?”
While any finance can impact mortgage applications, we’ll help you understand how different options affect your borrowing power. Many of our customers successfully manage both car finance and mortgages.
“How Much Are Car Loan Interest Rates?”
Car finance interest rates can vary and although they may currently be higher than previous years, we work hard to find you the most competitive deals. Our rate-match guarantee means you’ll always get the best available terms.
“I’m Worried About Car Finance Hidden Costs”
We believe in total transparency and we promise:
*No hidden fees.
*All charges clearly explained.
*Full cost breakdowns provided.
*No surprise payments.
Why Choose Us?
- 95% acceptance rate.
- Decisions within 1 hour.
- 14-day cooling-off period.
- Personal finance advisor support.
- Fantastic deal, including no deposit car finance.
- Average savings of £1,200 vs dealer finance.
4.9 out of 5 on Reviews 3640 “ChooseMyCar is Ranked #1 out of 102 companies in the section Car Finance and Loan Companies with 884* 5 Star Reviews”
*as of August 2021
Representative example:
Borrowing £9,000 over 60 months with a representative APR of 21.9%, an annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the amount payable would be £238.28 per month, with a total cost of credit of £5,296.90 and a total amount payable of £14,296.90
Don’t let financing concerns keep you from getting the car you need. Start your application today and join thousands of satisfied customers already driving their ideal vehicle.
Remember: Taking out car finance is a significant financial commitment. Always ensure you can comfortably afford the repayments before proceeding.