Car finance checker
Check your loan eligibility

How our car finance eligibility checker works

We know our customers lead busy lives which means they need a service that gets straight to the point. Our car finance eligibility checker is easy to use and guides you through the process step-by-step.

First all of we’ll need to know how much you want to borrow. It’s totally fine if you’re not sure of the exact amount at this stage as that can be finalised later on. But providing a rough estimate will allow us to tell if you can secure a car finance deal. You will have the opportunity to borrow anywhere between £2,000 and £50,000, but the more accurate you can be, the easier it is for us to match you against the right lenders.

No credit check

At Carplus, we conduct a ‘soft search’ or ‘quotation search’, which takes place before passing your application onto any lender for formal approval. This initial search establishes key information such as your monthly income, outgoing expenditure, type of employment circumstances and any current credit commitments. We do this so you significantly reduces the risk of your application being rejected by a lender which can adversely affect your credit rating.

The Financial Conduct Authority (FCA) requires that, should you wish to continue following this soft credit check, a formal credit check be performed by lenders to evaluate the likelihood of borrowers repaying loans on time. A credit check reveals your history of loan repayments and lines of credit to prospective lenders, and they use it to decide whether to accept your application for a loan.

Your employment and income

It should come as no surprise that your employment status and monthly income are two of the most significant factors when considering your eligibility for car finance.

We help those who are:

• Students
• Retired
• Self-employed
• Full-time employed
• Part-time or agency workers
• Taxi drivers

We have a range of loans to meet almost any financial situation, and while we cannot guarantee the success of any application, we can promise you the best chances of receiving car finance.

Can I get car finance?

We know that some people want to ensure they are eligible for car finance before making a full application, which is why we created our easy-to-use eligibility checker. Our panel of lenders have a fantastic range of deals and repayment plans available, and will take the following into consideration when processing your application:

Our loans range from £2,000 to £50,000 and our repayment time ranges from 18 to 60 months. Our panel of lenders consider the following criteria when making their offers:

• the price of the car you want to buy
• the size of the deposit you can put down, or the value of any vehicle offered in part exchange — the bigger the deposit, the less you need to borrow and typically the cheaper your loan
• the type of car — whether it is new or second hand, and if the latter, the age of the vehicle
• your age
• your current employment status
• your average monthly income
• the affordability of your loan — i.e. how plausible it is for you to meet repayments based on your income and other financial commitments
• your creditworthiness — based on the findings of your credit check

Carplus provide car finance deals for people of all age groups and employment backgrounds. From students and part-time workers, to full-time professionals and retirees, our panel of lenders have something to suit you. We are not able to guarantee you will be eligible for car finance, but we do all we can to ensure you have the best possible chance.