I am Starting a new job and need a car loan.
Hello, I am starting a new job in 2 weeks time and my car needs exchanging urgently as it has started becoming unreliable. Would I be able to get a loan?
February 28, 2022
If you’re starting a new job and need to secure a car loan quickly, we’re here to help! When you apply for a quote with CarFinance 247, we’ll look to find you an approval in principle from one of the lenders on our panel and you’ll get a decision in minutes.
Once your quote is ready, we’ll give you a call to find out more about your individual circumstances. This is because your approval depends on a few different factors including the car you’re looking to buy, the documents you provide, and the lender’s criteria. You’ll be paired with a dedicated account manager who can guide you through the process, answer any questions you might have, and even help you find a car. We’ll move as quickly as you like – and you could be driving away within days!
If you new job has increased your salary, then you might find you’re able to afford a newer car than you might think. Affordability is one of the things that lenders will consider when deciding whether they’re willing to grant you a loan, so if your disposable income has increased, you might be able to borrow a larger amount or pay back the loan quicker by choosing a short loan term and higher monthly repayments.