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Car Finance on Benefits Birmingham

Car Finance on Benefits Birmingham

Wanting to secure finance for your new car, but worried you won’t be able to get it because your income is mainly from benefits? We specialise in helping people secure finance if benefits are the main form of income.

We understand that some lenders may not take your income into consideration. But being on benefits doesn’t mean you can’t get car finance. Many people think that if you are receiving benefits then your income is not classed as a credible form. We understand that some people on benefits have a steady income and we welcome those people who live in Birmingham and surrounding areas to apply for car finance with us. We can also help if you have experienced bad credit and may have a poor credit score due to missed payments in the past.

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49.6% APR Representative – Subject to status & affordability.

birmingham landmarks

What type of benefits do we accept as income?

  • Income Support
  • Child Tax Credits
  • Disability Allowance
    (DLA)
  • Carers Allowance
  • Working Tax Credits
  • Personal Independent
    Payment (PIP)
  • Universal Credit

Why Choose Go Car Credit?

  • Dealers nationwide
  • Rated Excellent on Trustpilot
  • Same day driveaway
  • Re-establish your credit by making payments on time with us
  • No deposit required
  • Bad credit car finance specialists

How to Apply for Car Finance on Benefits with Go Car Credit

We have a good range of car dealers in the Birmingham area and surrounding regions, so you can find a car that suits your needs and financial plan. Our dealers have hundreds of vehicles on their forecourts just waiting for a new owner, meaning they have cars to suit everyone’s needs.

We have made our car finance process as easy and uncomplicated as possible for you so you can be driving away your new car as soon as possible. Check out the information below on our simple car finance steps:

  • 1: Apply via our online form
  • 2: Sent to underwriting for a lending decision
  • 3: Once approved we will link you up with a dealership so you can choose your car
  • 4: Sign the paperwork

To apply for car finance through ourselves, please note that you must have an income from employment in addition to any other benefits to be considered for a loan.

If you are looking for car finance in Birmingham, Coventry, Walsall, Wolverhampton or the surrounding areas we can help you find your next car at a local used car dealer, you could also benefit from same day driveaway and delivery straight to your front door.

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Frequently asked questions

What is Hire Purchase Car Finance?

Hire Purchase is one of the most common types of finance, it is really simple – you hire the vehicle and make fixed monthly repayments until you have paid off all of the agreed finance.

There are no surprises at the end of your agreement such as balloon payments or mileage restrictions.

The entire car price is spread across your agreement term and once all monthly payments have been made the car becomes yours, making it one sensible option for borrowing.

Will I qualify for Car Finance with Go Car Credit?

Have you been refused car finance due to bad credit? Don’t worry it does not mean that you can’t get car finance! We are specialists in bad credit car finance.

Many of our customers have been refused car finance from mainstream lenders because of poor or bad credit history.

Apply via our online application form to find out if we can help you secure the finance you need for your next car purchase.

How much can I borrow?

We can offer loans from £3,000 to £10,000. Use our car finance calculator to see what your fixed monthly payments would be.

How do I apply for car finance?

You can apply for finance direct via our website. Just fill in our application form and one of our sales agents will be in touch.

What is your lending criteria?

  • •You are a UK resident for at least 3 years. (We are unable to provide finance for those living in N.Ireland)
  • • You have a full UK Driving Licence.
  • • Your income is over £1000 and paid directly into a UK bank account.
  • • You are able to provide 2 months consecutive pay slips or if self-employed, 3 months consecutive bank statements.
  • • You are over 18.
  • • You are not in an active bankruptcy or debt relief order.

I have got bad credit, will I still get approved?

We are specialists in providing car finance to people who have experienced bad credit in the past.

Our customers are never judged solely on their credit history. Instead, decisions are based on a blend of science and human judgement to understand whether the repayment schedule will be manageable for the customer.

This approach allows us to consider any extenuating circumstances such as a poor credit history, self-employment or any previous mortgage or council tax arrears and view you as an individual, not just a number.

For more information, please visit our Bad Credit Car Finance page page.

Do you do guarantor car finance?

We do not offer guarantor finance, but we do help people who may have experienced problems getting finance in the past. For more information, please visit our Bad Credit Car Finance page.

Can I get car finance if I am on benefits?

Yes, you could. Unlike some mainstream lenders we take benefits into consideration when reviewing your income. For more information about on this, visit our Car Finance for People on Benefits page.

Can I choose any car?

There is criteria that has to be met such as maximum mileage restrictions and maximum age of vehicle restrictions.

We can help you source the car you want from one of our reputable dealers across the UK.

All of our dealers are authorised and regulated by the Financial Conduct Authority.

By only choosing dealers that are FCA regulated reinforces our high standards of service to our customers.

Why is your APR higher than other lenders who offer car finance?

We specialise in providing finance to individuals who have struggled to obtain credit. We charge a higher APR on our finance products because we serve the sector of the community, which are usually excluded from conventional lending and our customers are seen to be a higher risk by other lenders.

To reward our loyal customers who have proved they are committed to improving their credit could receive a reduced interest rate on their next agreement.