If you’ve not yet passed your test and don’t hold a UK driving licence, we could still help you find car finance. CarFinance 247 works with a panel of lenders and some of them can help people secure a loan without a drivers’ licence. This includes those who hold a full EU or provisional licence.
Most lenders will ask for proof of driving licence after you’ve submitted a car finance application and you might find it more difficult to find a loan without one, especially if you’re a young driver. New drivers who don’t have an extensive credit history might be seen as higher risk borrowers by lenders. In this case, you might find it easier to secure joint car finance with a licence holder.-
There are several steps you can take to improve your credit score over time including making sure you’re on the electoral roll, paying bills on time, and avoiding making a lot of credit applications in a short time.