|Total charge of credit||£0|
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Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £10,000 over 60 months, £1,000 deposit, on HP, and a representative APR of 19.9%, the amount payable would be £229.95 per month, with a total cost of credit of £3,796.82 and a total amount payable of £13,796.82.
We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered.
As of August 2022, over 22.4 million people claimed benefits from the Department for Work and Pensions in the UK. Over 9.1 million of those were of working age, which is a rather large percentage. However, for many of those who dream of getting a car, it is unclear how receiving welfare benefits affects an individual’s eligibility for car financing. If you are still unsure whether it is possible to receive car finance on benefits, we can assure you that it is.
At Carplus, we believe that everyone deserves the opportunity to own a car. Our team of experts works closely with our network of specialist lenders to provide affordable car finance solutions that are tailored to your individual circumstances.
Many people wonder if they can pay for car finance with their benefits. The answer is yes, it's possible! However, there are certain factors that may affect your eligibility for car finance, such as your credit history and whether you're receiving certain benefits:
These benefits will be counted as your income when you fill out your application for car finance. Carplus is a versatile company that offers flexible solutions to clients with varying financial circumstances.
Even though qualifying for car finance on benefits is typically trickier than for an employed individual, there is a way to make it possible. Carplus selects reliable lenders for you that are ready to provide you with car credit even if you are receiving benefits. We will provide you with the best car finance deals and a transparent monthly payment plan appropriate for your budget.
The short answer to whether car finance for people on benefits is available is “yes.” Receiving benefits is a common practice that won’t be able to stop you from fulfilling your dream of getting a car but may complicate the process of financing it.
At Carplus, we strive to provide every person with an opportunity to get car finance. That is why we handle car finance cases for clients who have bad credit, no guarantor, disability allowance, and other complex life circumstances. Therefore, we certainly can help you get car finance on benefits - read ahead for all the details!
Absolutely! Receiving car finance on benefits or when having a bad credit history is possible with Carplus. Our professional team understands that even if you have been in a difficult financial situation before, it doesn’t mean that your budget is not suitable for a car purchase now.
We cooperate with more than ten reliable lenders that are willing to provide bad credit car finance on benefits. For more information on your specific case, do not hesitate to request a quote.
We only do a “soft” credit check on every client, which does not have any impact on the credit rating and increases the chances of having the car finance request approved. However, there are several critical circumstances that may put your eligibility for car finance on benefits at risk, such as:
If you have any questions or are interested in exploring your car finance options, please don't hesitate to contact us for a quote. We have a team of experienced car finance brokers who can help you find the right car finance solution for your needs.Get my quote ➜
There is no unified allotment of car finance available to all. Since every client has a unique story and personal goals, the loan amount will vary from customer to customer for benefit car finance. Therefore, a good practice is to come to a clear understanding of how much money you need and request a quote from our professionals. The form on our website enables you to request a sum anywhere from £3,000 to £50,000.
We understand that financial challenges can make it difficult to secure car finance, which is why we specialize in providing solutions for customers who may have difficulty getting approved elsewhere. Our team works with a network of trusted lenders who are willing to consider all types of customers, including those on benefits or with a less-than-perfect credit history. Once we receive your application, we will review it and come up with an estimate that matches both your requirements and the lenders’ policy. The moment your request is processed, you will receive a personalized quote that contains an exact estimate of the car finance amount you qualify for, including any available benefit car finance options. Contact Carplus today to learn more about our car finance solutions and how we can help you get behind the wheel of the car you need.
If you have been denied of the traditional ways of getting car finance on benefits, don’t despair. Carplus has years of experience in assisting clients in finding the best offers and achieving their car purchase goals.
All you have to do is have an idea of what kind of vehicle you would like to obtain, how much it costs, and what additional expenses you may need to bear. Those may include tax, insurance, and maintenance costs and can affect the vehicle’s affordability drastically.
After you have those details set in your mind, you can apply for a free quote on our main page.
You will need to state the following information:
After you provide all the basic details about yourself, you will be asked to select the type of income you are receiving. Select “Benefits” if it is applicable to you and proceed to the next step so that Carplus can start handling your request and get back to you within the shortest time frame. Therefore, applying for car finance on benefits can be a fast and simple process if you choose the right provider.
No finance company can guarantee car finance on benefits, as the decision-making process in every case depends on a variety of factors. Besides, it is against the law to advertise guaranteed car finance.
At Carplus, we understand that life circumstances can lead to people claiming benefits, and we believe that everyone should have access to car finance. We offer car finance options for someone on benefits, and our team will work with you to find a solution that fits your budget and needs. So whether you are on Universal Credit, PIP, or other disability benefits, we are here to help. Contact us today to discuss your options and receive a quote.
Even if it seems that your request for car finance on benefits will not be approved due to previous negative experience with traditional financing methods, we do recommend you submit your application at the Carplus website. Besides, there are things you can do to improve your chances of getting car finance by doing the following:
Thus, there are plenty of ways to boost your likelihood of getting your car finance on benefits application approved!
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As a car finance broker from Carplus, we can provide car finance to people who are claiming Universal Credit. We understand that claiming benefits can make it challenging to afford car finance, but our team will assess your income and credit history to determine your eligibility for financing. To get a quote from Carplus on car finance, simply reach out to us and one of our friendly team members will be happy to assist you.
If you are claiming Personal Independence Payment (PIP), we may be able to assist you in obtaining car finance. Our team will assess your income and credit history to determine your eligibility for financing. We understand that people on benefits may find it difficult to afford car finance, but we offer a range of car finance deals to suit a variety of budgets. To get a quote from Carplus on car finance, simply reach out to us and one of our friendly team members will be happy to assist you.
Yes, you can apply for car finance with low income. As a car finance broker from Carplus, we understand that some individuals may not have a high income, but still need a car to get around. Our team will work with you to find a car finance deal that suits your budget. We offer a range of finance options, including Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements. To get a quote from Carplus on car finance, simply reach out to us and one of our friendly team members will be happy to assist you.
If you are receiving disability benefits, we may be able to assist you in obtaining car finance. Our team understands that people on benefits may find it difficult to afford car finance, but we offer a range of car finance deals to suit a variety of budgets. We will assess your income and credit history to determine your eligibility for financing. To get a quote from Carplus on car finance, simply reach out to us and one of our friendly team members will be happy to assist you.