Do you have a question about making a car finance application with us today?
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Rates from 29.7% APR
40.9% Representative APR -
Subject to status and affordability
Are you looking to finance your next van whist being self-employed? We could help you secure the finance you need for that commercial vehicle to keep your business running smoothly.
We understand there are many benefits to being self-employed. You get to manage your own working hours and you get to pick which customers you want to work for, we aim to help self-employed people with bad credit get vehicle finance.
Read the below information on how we could help you secure finance or start the process today by applying online.
Representative example – Total amount of credit £9,000, annual interest rate 21.75% (fixed), charge for credit £10,092.32 (£9,787.32 interest, £295 admin fee and £10 option to purchase fee), total amount payable £19,092.32. Loan term of 60 monthly instalments, 59 payments of £318.04 and 1 final instalment of £328.04. 40.9% Representative APR – Subject to status and affordability
After the initial review of your application for finance with us we review your individual circumstances. We will take into consideration your current financial circumstances. For example, if you had previous bad credit but are now committing to repayment outstanding debt then we could look at this favourably.
We don’t use the same restrictive criteria as other mainstream lenders. So, even if you have been declined elsewhere for self-employed van finance with bad credit, you could still get the support you need.
Hire Purchase is perfect if you are self-employed and have bad credit or don’t want to pay the full price of a car at the start. It allows you to spread the cost with affordable monthly payments based on your accurate budget. Keeping up with your repayments could help you develop your credit score – and improve your chances of being approved for other lines of credit in the future.
It may be more difficult to secure van finance if you are self-employed because lenders will require you to prove your income and this can be the hurdle for people who are self-employed.
As a self-employed person is your income inconsistent? Are some months better than others? This seems to be the common theme when looking to get a van loan when self-employed.
After initial checks, we choose to review your application on a personal basis because we understand that every situation is different. As a universal rule, however:
We don’t accept tax returns as proof of income or cash in hand payments. It must go into a UK bank account in your name. We can accept proof of income into a bank account in the name of your spouse or partner, but they’ll need to be added on to the finance application so we can consider this income.
To ensure we are providing finance for great quality vans we do have vehicle in place. Take a look at the below criteria to ensure you pick a van that fits in with the requirements:
Getting the new van, you need can be tricky if you’re self-employed – especially if you have bad credit. But it doesn’t need to be that way. Here are a few great reasons to see if Go Car Credit can support you getting back on the road to better credit:
You can choose your new van from our network of trusted dealerships throughout the UK. If you’ve got any questions about how our van finance process works, feel free to call our friendly team on 01925 696 373.
Going into a bank to apply for van finance can feel daunting – especially if you’ve already been turned down in the past by other lenders. You might also be asked for piles of extra paperwork just because you’re self-employed. But we’re here to make the whole process quicker, easier and clearer as we understand how important having a van is to your business.
Simply fill out our short online application form with a few personal details to get started. We’ll review your application and give you a decision as quickly as possible. After that, we’ll ask you for details about your van of choice and request an online signature. Don’t forget – there’s no charge to apply and no obligation to go ahead if you change your mind!
Here at Go Car Credit we are a direct lender and not a broker, meaning we are lending our own money to people who need it. This means no arrangement or introducer fees you may have when using a broker or comparison site.