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Car Finance on Benefits

By Clicking 'Submit Application' below you are agreeing to our Privacy Policy, Terms & Conditions and agree for Quick Car Finance to share your details with our Lenders or Credit Brokers who will contact you directly to provide a loan comparison calculation via SMS, Telephone and Email. To enable our Lenders or Credit Brokers to provide you with the quote they will need to undertake a soft search, this will not affect your credit score. Automotive Online Ltd can introduce you to a limited number of finance providers depending on your credit rating and affordability. Commission is a fixed payment or percent, but can vary by lender. Further information on request. All finance is subject to status and income. Written quotations are available on request.

Rates from 9.9% APR.
Representative APR of 21.9% APR

Representative example: borrowing £7,000 over 5 years with a representative APR of 19.8%, the annual interest rate of 19.8% (Fixed) and a deposit of £0.00, the monthly would be £178.52, with a total cost of credit of £3711.20 and a total amount payable of £10,711.20. Rates may differ as they are dependent on individual circumstances'. Rates from 8.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Quick Car Finance are a broker not a lender.

WHY CAR FINANCE ON BENEFITS?

Tailored Searches

Inclusive Options

Reliable tansportation

Suits your needs

Excellent

INCREASE YOUR CHANCE OF OWNERSHIP

Here at Quick, we understand that financial circumstances can vary, and we believe in providing inclusive options for car finance. We recognise that individuals receiving benefits may also have the need reliable tansportation. That's why we offer the possibility of obtaining car finance while on benefits. We consider a range of factors beyond traditional income sources, including benefits, when evaluating loan applications.

Our aim is to make car ownership accessable and affordable for everyone, ensuring that your financial situation doesn’t limit your mobility. Our dedicated team will work with you to understand your specific circumstances and tailor a financing solution that suits your needs.

OUR LENDERS ACCEPT

ESA

Employment and Support Allowance is support for those with a disability or health condition that affects how much they can work.

PIP

Personal Independence Payment can help to cover the cost of everyday tasks or getting around for those with long term conditions.

Child Tax Credits

Child Tax Credit is a benefit that helps with the costs of raising a child if you're on a low income.

HOW TO APPLY

It's important that you get in touch with our team of experts so we can explain how we could help.

01

Speak

Speak to us about your current situation

02

Listen

Our team of experts will explain the best way to proceed.

03

Search

We can run a tailored search across our variety of lenders. If you're approved, we'll discuss your next steps with you.

CAN I APPLY FOR CAR FINANCE WHILST ON BENEFITS?

If you're on benefits, in the UK, and apply for car finance, the lender will take into account your income and financial situation. When deciding whether to approve your application. While being on benefits may affect your chances of being approved for car finance, it is not an automatic disqualification.

It's important to note that not all lenders will consider applicants who are on benefits. Some may have specific criteria that applicant must meet, such as being employed or having a certain level of income. It's always a good idea to check the eligibility requirements of any lender you are considering before applying.

CAR CRITERIA

If you already have a car in mind, you'll need to make sure it meets our lending criteria

Value

We can only finance cars from £4,000 - £15,000 if you're are in receipt of benefits benefits.

Mileage

In order for us to arrange finance the vehicle must have a maximum of 100,000 miles on the clock.

Age

The car must be no older than 15 years at end of the agreement.

LENDING CRITERIA

Lenders will use certain information to assess your ability to make repayments on the loan. They will also look at your credit history to see if you have any missed or late payments, defaults, or CCJ's on your record. You'll also need:

Monthly earnings over £1000 (after tax).
To be aged between 21- 70.
2 consecutive months of payslips or bank statments.
A full valid UK driving license.

YOU WILL NEED...

1. Personal Information

You will need to provide your full name, date of birth and contact details.

2. Employment Status

Even if you are on benefits you will need to disclose your employment status, which in this case would be receiving benefits. Some lenders may require you to provide evidence of your benefits, such as letter.

3. Income and Expenses

You will need to provide details of your income and expenses, including any benefits you receive and any other sources of income, This will help lenders determine whether you can afford the car loan payments.

4. Your Credit History

Lenders will want to check your credit history to assess your creditworthiness.

5. Indentification Documents

You will need to provide identification documents, such as a passport or driving license, to verify your identity.

TAKE IT DIRECTLY FROM THE PEOPLE WHO KNOW!

Quick car finance have been absolutely brilliant.. I've dealt with a few finance companies in the last month.. A lot have dragged there feet and not naged to get me what I want.. Quick car finance have done exactly what they said they would do... Got me quick car finance.. Thankyou

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Automotive Online Ltd which is an authorised credit broker, not a lender, registered in England, company registration number 07968386, data protection registration number ZA458903. Automotive Online Ltd is authorised and regulated under the Financial Conduct Authority (reference number 764855). The registered office address is Quick Car Finance, This Workspace, The Echo Building, 18 Albert Road, Bournemouth BH1 1BZ.

Automotive Online Ltd can introduce you to a limited number of finance providers depending on your credit rating and affordability. Commission is a fixed payment or percent, but can vary by lender. Further information on request. All finance is subject to status and income. Written quotations are available on request.

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