Self Employed
Car Finance

Car Loans | CarFinance 247
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No impact on your credit score
Rates from 7.9% APR. Representative APR 21.9%
Car Loans | CarFinance 247
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Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £6,500 over 5 years with a representative APR of 21.9%, an annual interest rate of 21.9% (Fixed) and a deposit of £0.00, the amount payable would be £172.09 per month, with a total cost of credit of £3,825.54 and a total amount payable of £10,325.54.

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.

Can I get car finance if I’m self-employed?

Yes, you can!

According to the Office of National Statistics, 4.3 million people in the UK are self-employed as of February 2021. And who could blame them? Flexible timetables, picking and choosing the work you take on, and being your own boss are just some of the perks that can come with self-employment.

But the trade off for all these freedoms can be financial uncertainty. Unlike a 9-5, a self-employed person might not have a set payday and your salary could change every month. This unpredictability can make it tough for self-employed workers to get a loan.

At CarFinance 247, we don’t believe that choosing a different career path should stop you finding and funding your dream wheels. If you’re looking for self-employed car finance, we could help!

Why can it be more difficult to get finance when you're self-employed?

Trying to get finance when you’re self-employed can be frustrating. But why can it be so hard? It’s all about uncertainty. When you’re employed by a company and have a set salary, lenders have a good idea of how much money you’ll have and when.

Self-employment is a little more complicated. There are no guarantees. You might have some months when your workload is stacked and all your invoices are paid on time, and others when projects are moving slowly and you’re chasing late payments. That uncertainty can make some lenders a little more wary.

That’s why we work with a panel of lenders so we can help people with a variety of different employment circumstances find finance including self-employed, temporary, and agency workers.

What do I need to be eligible for self-employed car finance?

We know that proving your income can be tough when you’re self-employed. The lenders we work with might ask you to show what your income typically looks like by providing three months’ worth of bank statements or you could take advantage of open banking, which can also help a lender understand your incomings and outgoings.

If you plan to use your car for business, for example if you’re a driving instructor or taxi driver, then that might change the options available – just let your account manager know.

Apply for self-employed car finance now with no impact on your credit score.

What if I’m self-employed with bad credit?

The unpredictable nature of self-employment can make it tough to stick to rigid repayment schedules. If you’ve missed payments in the past or been refused finance in the past because of a poor credit history, this doesn’t have to be the end of the road. We work with a panel of lenders and some of them can help people with bad credit get car finance. This includes people with CCJs, defaults and IVAs, subject to circumstance.

I’m self-employed. Can I get a loan for a van?

Yes! We work with a panel of lenders and some of them can help self-employed people find van finance. We could even help if you’ve missed payments or struggled to find finance elsewhere. So, whether you’re looking for a spacious Ford Transit or a city-friendly Fiat Fiorino, you can get a no-obligation quote today. Just let your account manager know that you’re looking to find finance for a commercial vehicle.

Why come to us for car finance if you’re self-employed?

For us, car finance is all about helping people improve their everyday lives.

Whether you need a car for the school run or visiting clients, we’ll look to find you the best self-employed car finance deal from our panel of lenders.

Plus, you’ll have a dedicated account manager on hand to help you through the process, let you know what paperwork you’ll need, and speak to the dealership on your behalf.

What’s next? How to apply for self-employed car finance

It all starts with a quote. If you’re approved in principle, we’ll give you a call to talk through your options. Your account manager can answer any questions you have and grant you access to our car search – a treasure trove of over 130,000 used cars ready and waiting to find a home. Found a vehicle somewhere else? We can still help – just let your account manager know.

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Applying with us only takes a couple of minutes and won't affect your credit score

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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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