Can you finance a car without a licence?

Roman Danaev

27 July 2023

The good news is that not having a driving licence doesn't automatically mean you can't get car finance.

While having a full UK driving licence is often preferred by car finance companies, they do consider other factors as well. So, even without a licence, you may still have a chance to secure car finance. Let's dive into the possibilities.

Can I get car finance if I don't yet have my licence?

Yes, it is possible to get car finance without a driving licence, but there are some challenges to consider. Most lenders typically expect applicants to have a full driving licence as it provides proof of identity and reassurance that you're legally allowed to drive, and not having a licence may make you appear riskier to them. Additionally, If you're a young driver with little or no credit history, it can further complicate the process as lenders won't be able to determine your reliability as a borrower. This may limit the amount you can borrow if your application is approved.

Can you get a finance car with a provisional licence?

Yes, individuals with provisional licences may also have opportunities to secure car finance. However, there might be some restrictions to consider. For instance, certain lenders may require a full UK resident to act as a guarantor for the finance agreement.

It's important to be aware that securing car finance with a provisional licence may come with slightly higher interest rates or additional conditions. Nevertheless, it's still a viable option for young drivers looking to get on the road.

Do people without a full licence have much chance of getting car finance?

The chances of approval for car finance without a full driving licence depend on various factors. Your financial situation, employment history, and creditworthiness all come into play. If you have a good credit score and a stable employment history, your chances of approval increase significantly.

Lenders are primarily concerned about your ability to afford the car finance repayments. So, as long as you can demonstrate financial responsibility and affordability, you have a decent chance of getting approved, even without a full driving licence.

Special considerations for first-time drivers


Yes, some lenders may ask for a guarantor to get car finance, if you have a provisional licence or limited credit history: a trusted friend, for example, or family member agrees to step in and make repayments if you can't. This can reassure lenders, as they know the guarantor will cover the loan if needed.

Joint application

Yes, you can apply for joint car finance even if you don't have a driving licence. Joint car finance involves applying for a car loan with another person, usually someone with a full UK driving licence and a good credit history. This can increase your chances of approval, especially if it's challenging to get car finance on your own without a licence.

Both applicants will be responsible for the full loan amount and need to meet certain eligibility checks. Some lenders may require both applicants to have the same address. Keep in mind that if you struggle with repayments, both your credit files will be affected as both applicants share liability for the loan.

How to get car finance application

Getting ready to apply for car finance is essential for a smooth and successful process. Here's a step-by-step guide to help you prepare:

  1. Check your credit score: Your credit score is crucial in determining your creditworthiness. You can obtain a copy of your credit report and score to assess your financial standing.
  2. Gather necessary documents: Be prepared to provide personal and financial documents, such as proof of identity, address, income, and bank statements.
  3. Calculate affordability: It's vital to know your budget and how much you can comfortably afford to repay each month. Use a car finance calculator to estimate your monthly payments.
  4. Research your options: Explore different car finance products, such as personal contract purchase (PCP) or hire purchase (HP), and compare interest rates and terms.
  5. Find a brand you want to finance: Before you dive into the car finance application process, it's a good idea to have a specific brand or model in mind that you want to finance. Knowing what car you want will help you tailor your finance options and make the process smoother.
  6. Understand your budget: Understanding your budget is a crucial step in preparing for your car finance application. Take a close look at your finances and calculate how much you can comfortably afford to spend on monthly car repayments. Consider your income, expenses, and any other financial commitments to determine a realistic budget for your car finance.

Taking these steps will help you present a strong case to potential lenders and increase your chances of securing car finance.


Securing car finance without a driving licence is indeed possible. There are options available, and your chances of approval depend on various factors, such as your creditworthiness and financial situation. Preparing for the application process will give you a better shot at getting the car finance you need to own your dream car. Remember, we're here to help you every step of the way, so don't hesitate to explore your options and seek professional advice if needed. Happy car hunting!