Yes, being retired does not stop you from applying for car finance with Go Car Credit.
Your pension may count as income when we look at your application. We also look at your credit history, the credit payments you already have and whether the new repayments may be affordable for you.
We are a direct lender and specialise in bad credit car finance, so past credit problems do not always stop you from applying.
Approval is subject to status and affordability.
Step 1: Calculate your monthly repayments
Step 2: Apply and track your application online, in real time (No login or app needed)
Representative example – Total amount of credit £10,500, annual interest rate 18.25% (fixed), charge for credit £9,886.25 (£9,581.25 interest, £295 admin fee and £10 option to purchase fee), total amount payable £20,386.25. Loan term of 60 monthly instalments, 59 payments of £339.60 and 1 final instalment of £349.60. 34.5% Representative APR – Subject to status and affordability.
Yes. To meet our minimum criteria, you need to be aged between 21 and 70 when you apply.
You also need a total monthly income of £1,500 or more, which may include pension income and other income we can accept.
Meeting our minimum criteria does not mean your application will be accepted. Any offer of car finance is subject to status and affordability.
Yes, your pension may count as income when you apply with Go Car Credit.
We look at your total monthly income, which may include your pension, pay from a job and some benefits.
Some benefits may also count as income, depending on the type of benefit you get. Our page on car finance on benefits explains more about the income we may consider.
We also look at the credit payments you already make, so we can check if the new repayments may be affordable for you.
We may ask you to provide proof of your income during the application process.
You may still be able to apply for car finance if you are retired and have bad credit.
Go Car Credit specialises in bad credit car finance, and we do not make a decision based on your credit score alone.
We also look at your income, your credit history and the credit payments you already make.
Having bad credit does not mean your application will be accepted, as approval is still subject to status and affordability.
You may be able to get car finance without paying a deposit upfront.
Our no deposit car finance may let you finance the full price of an eligible car, depending on your application and the car you choose.
You can also choose to pay a deposit, which would reduce the amount you need to borrow.
We look at several parts of your application before making a lending decision.
We may consider:
If you apply and meet our minimum criteria, we start with a quotation search. This is a type of soft credit search.
A soft search does not harm your credit report and does not leave the same mark as a hard credit search.
A hard credit search is carried out later if your application reaches that stage, and this will leave a record on your credit report.
The process is much the same as it is for other customers.
You can apply online and tell us about your income and your current situation. We then check your application to see if we may be able to offer finance.
Go Car Credit offers Hire Purchase car finance, where you make fixed monthly payments over an agreed term.
The lender owns the car while the agreement is running. Once you have made all the required payments, including any option to purchase fee, ownership can pass to you.
We specialise in car finance for people who may find it harder to get finance from some other lenders.
You can apply for car finance online and tell us about your income and your current situation.
If you meet our minimum criteria, we will carry out a soft quotation search as part of the application.
If we can offer finance, we will explain the next steps and show you the terms before you decide if you want to go ahead.
Car finance is subject to status and affordability.
Yes, your State Pension may count as income when you apply for car finance.
We will also look at your credit history, the payments you already make and whether the new payments may be affordable for you.
Yes, you may still be able to apply if your pension is your main income.
You will need to meet our basic rules, and we will check whether the finance may be affordable for you.
Some benefits may count as income, depending on the type of benefit you get.
Your total income may include your pension, some benefits and other income we can accept.
Being retired does not stop you from applying for car finance.
We will look at your income, credit history and the payments you already make. We will also check if the new payments may be affordable for you.
You may still be able to apply if you are retired and have bad credit.
Go Car Credit specialises in bad credit car finance and looks at more than your credit score when making a decision. Approval is not guaranteed.
Not always. No deposit car finance may be available, depending on your application and the car you choose.
You can also choose to pay a deposit, which would reduce the amount you need to borrow.
If you meet our minimum criteria, we first carry out a soft quotation search. This does not harm your credit report.
A hard credit search is carried out later if your application reaches that stage, and this will leave a record on your credit report.
