Self-Employed Car Finance Made Easy!
Being self-employed doesn’t mean you can’t get the car you want on finance. While self-employed car finance can be slightly more complex than traditional employment routes, we’re here to guide you every step of the way. Our specialist lending panel includes some of the UK’s most trusted lenders, allowing us to find the self-employed car finance option that best suits your circumstances. Explore hundreds of vehicles within your budget, from reputable local dealers or across the UK, and get closer to driving the car you’ve been dreaming of.
We go the extra mile to help you secure the car finance you need and find the best deal for your individual circumstances. Every car finance application is unique, which is why we take the time to understand your needs and preferences, matching you with the lender that’s right for you. Discover how self-employed car finance works and learn the steps you can take to improve your chances of approval—so you can get behind the wheel with confidence.
How To Get The Best Car Finance For Self-Employed:
If you’re self-employed and looking to finance a car, there are a few key car finance documents lenders will ask for. One of the main considerations for any car finance application is affordability—how much you can comfortably spend each month. For self-employed applicants, your income is usually drawn from the wages you pay yourself on a weekly or monthly basis. Most lenders will typically ask for at least three months’ bank statements to verify your income and ensure you can manage the repayments without financial strain. Providing these documents helps make the application process smoother and increases your chances of securing the right used car finance deal.
Car finance lenders can’t accept cash-in-hand payments as a form of provable income. If you usually pay yourself this way, we recommend paying the cash into a UK bank account (held in your name) for three months before applying for finance. That way, you are proving the income you get in a format that car finance lenders accept.
⭐️⭐️⭐️⭐️⭐️
I had been refused finance with another company but within 24hrs had a van sorted! So easy, would highly recommend 👍🏻
– Mark from Great Torrington 🇬🇧
What About Bad Credit Self-Employed Finance – Is It Possible?
Are you looking for car finance for self-employed with bad credit? Let us help! You can find yourself with a bad credit score for all sorts of reasons and we feel it’s unfair that a poor score, because of events in the past, can stop you from getting car finance today. At Refused Car Finance, we focus on your affordability and ability to meet repayments rather than your previous credit mistakes. Your employment status can affect car finance but our specialist lending panel is waiting for your application and we can even get you a decision within the first hour of applying for finance!
Get your free, no-obligation car finance quote today—with no impact on your credit score!
How Can I Improve My Chances of Getting Approved?
1. Prove your affordability.
All of our lenders require you to produce 3-month bank statements to prove your affordability, no matter what your employment status is.
2. Work on your credit score.
If you have a low credit score, we can still help you get a car on finance. However, having a better credit score can have a whole range of benefits on your financial life. By meeting all your current repayments on time and in full, reducing any existing debt, keeping credit usage to a minimum and not taking on any more new credit, you can start to rebuild a poor credit score.
3. Keep searches on your credit file to a minimum.
Making multiple hard searches on your credit file while shopping for car finance can have a detrimental impact on your credit score, especially if you are being refused time and time again. That’s why we’ve changed the way you apply for car finance and one of the biggest advantages of using a car finance broker is that you only need to apply once. When you’ve applied for finance with us, your credit score won’t be affected as we only perform a soft search credit check on your credit file. We’ll also not be able to see the previous applications you’ve made for car finance either.
Find out more – Does being declined car finance affect your credit score?
4. Register on the electoral roll.
If you’re on the electoral roll or not doesn’t directly improve your credit score but it can help to instil trust with the lender. Car finance lenders use the electoral roll to cross-reference the information on your car finance application and help verify that you are who you say you are and where you live. You can register on the electoral roll here.
5. Work history.
It’s not something you can really affect, but being in the same job for a longer period of time is often looked on favourably by car finance lenders. If you have just gone self-employed, it may be worth waiting a few months to build up a bit of employment history before applying.
Self-Employed Car Finance Criteria:
If you can answer ‘yes’ to the below statements, then we can consider your application.
☑️ Have 3 months’ worth of bank statements.
☑️ Lived in the UK for 3+ years.
☑️ Are 18 years or older.
☑️ Hold a full UK driving licence.
Once you’ve applied, we’ll send your application off to our bespoke lending panel to see if they wish to offer you a finance deal.
Why Choose Us?
We have a wide panel of lenders that include self-employed people within their criteria resulting in your chances of being approved with us being significantly better than with many other car finance companies.
- No deposit needed.
- Fixed interest rates.
- Flexible repayment terms.
- Choice of weekly or monthly payments.
- Bad credit scores.
- No Credit History.
- 5* rated reviews.
Apply For Self-Employed Car Finance Today!
If you’re ready to get the car you want with affordable monthly payments, now is the time to apply for self-employed car finance. With no effect on your current credit score, there’s no harm in applying and seeing how we can help you.