Car finance on benefits explained
If you’re wondering if you can get car finance on benefits, then the simple answer is ‘yes’! We can help you obtain benefit car finance by matching you up with our panel of specialist lenders. Whether you are claiming child tax credits or looking for car finance on disability benefits, we can get you the best car finance deal.
We make the process super simple. Just visit the apply page and fill in our short form. From there we will work hard to get you a used car finance deal. As a broker, we have put together a panel of lenders who we think are best positioned to help you get the car finance deal you want with your benefits. Once you have chosen which lender you want to proceed with then you could be driving your car away the same week!
Get Car Finance on Benefits Today
Applying does not impact your credit score as we use a soft search credit check.
Which benefits does Refused Car Finance accept?
We accept the following forms of benefits:
- Disability benefits (Disability Living Allowance)
- Carer’s Allowance
- Child Tax Credits
- Working Tax Credits
- Personal Independent Payment (PIP)
- Universal Credit
- Guardianship allowance
- Income Support
- Job seekers allowance
- Child benefit
- Pension credit
- Child maintenance
- Employment and support allowance
- Housing benefits
What about benefit income and bad credit?
As bad credit car finance specialists, we’re no strangers to helping people with a less than perfect credit score get approved.
If you’re in receipt of benefits and are looking at a bad credit score you may be worried, but we can help!
Due to our wide panel of specialist lenders, we’re able to help you if you want car finance on benefits and have a bad credit score. Not only do we have a fantastic panel of lenders but our in house team of car finance experts are incredibly skilled at matching you up to the perfect lenders and getting you that approval you need.
This includes if you are on benefit only incomes and have been refused car credit elsewhere. We are able to do this because we offer customers car loans based on affordability and not a credit score alone.
Guaranteed car finance on benefits
There isn’t such a thing as guaranteed car finance and we believe you should be wary of car finance companies who say they can offer you finance no matter what. You may face higher interest rates and up paying more overall. We can’t claim that we can guarantee you car finance as it would be unethical and false advertisement. However, we have a panel of trusted lenders who can offer a whole range of finance packages so we can help find the car finance deal that’s right for you!
How much can I borrow?
When you are unemployed and in receipt of benefits it can alter the amount you can borrow. One of the most important factors for getting benefit car finance is your affordability. All car finance providers will want to ensure you can afford to meet your repayments. If your benefit income is substantial enough to cover your expenses and allow you to still cover the monthly repayments comfortably then there should be no issue.
For the actual amount you can borrow, this changes on an individual basis, and unfortunately, we can’t give you exact numbers. When you apply on our site, our benefit car finance experts will be able to look over your specific situation and advise which finance packages you would likely qualify for and how much this would be a month.
Why choose Refused Car Finance for benefit car finance?
We are a long-established car finance broker who can offer some of the best financial benefits in the UK.
- Affordable monthly payments
- Huge car choice from any FCA dealer
- 5* rated reviews from real customers
- No deposit options available
- Finance packages for a range of credit scores
- Deals with competitive APR & interest rates
- Footprint free credit check
You’re not alone
We have helped thousands of people just like you who are looking to get car finance with benefit income. Why not join them and get into your next car in a matter of days?
“I wanted a Zafira 7 seater as I needed the room for the kids and a reliable car.” After reading up on ourselves and our competitors Sally decided to go with Refused Car Finance “because they offered me the best APR compared to other finance companies”. Read Sally’s car finance story.
If you meet the following criteria then we can get you car finance with benefits!
- Been a UK resident for three or more year
- Are 18 or older
- Are able to prove you can afford car finance
- Are not bankrupt
- Have a full UK driving licence