Can you get car finance if you are retired?

car finance retired

Rates from 29.7% APR
40.9% Representative APR -
Subject to status and affordability

One of the common questions we encounter from retirees is, “Can I get car finance now that I’m retired?” The answer is yes. Retirement doesn’t put a full stop on your aspirations or needs, especially when it comes to mobility and the desire for a personal vehicle.

At Go Car Credit, we firmly believe that your retirement and ensuing pension should enable, not restrict, your choices.

car finance calculator

application tracker

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

Can I include my pension as an Income for Car finance?

A common misconception in the market is that once you’re retired, and on a pension, your ability to finance significant purchases like cars diminishes. However, what many overlook is the steady and reliable nature of a pension.

Your pension is the result of years of dedication and careful planning. Much like a regular salary, it is consistent and dependable. At Go Car Credit, we see pensions as a testament to one’s financial stability, and we ensure that it takes centre stage in our financial assessment.

Our Approach to Car Finance for the Retired

  • Comprehensive Financial Analysis: Our team delves into a detailed understanding of your financial history and current status. This encompasses your pension, any additional income, benefits, and even past financial challenges.
  • Prioritising Pension: Unlike many conventional lenders, we don’t treat pensions as a secondary income. Given the consistency of pensions, we place them at the forefront of our assessments, recognising the stability they represent.
  • A Wide Choice of Vehicles: Our partnerships with an extensive range of approved dealers ensure retirees are not limited in choice. Whatever your preference or need, we provide the options to match.

Simplifying the Car Finance Journey for Retirees

  • Streamlined Application Process: Our application procedure is clear-cut and designed with ease in mind. Regardless of your familiarity with technology, we ensure that the path to initiating your car finance process is smooth.
  • Transparent Operations: We maintain utmost transparency, keeping you informed at every step. Clarity and trust are pillars of our operation.
  • Custom-tailored Financial Plans: Understanding that retirement brings about a change in financial dynamics, our plans are crafted to suit diverse needs, ensuring they align with individual comfort levels.

Why Trust Go Car Credit?

  • Expertise: Our years of experience have equipped us with an in-depth understanding of the unique challenges and needs retirees face when seeking car finance.
  • Reliability: The growing number of satisfied clients stands as a testament to the faith retirees place in us, and we continuously strive to maintain and build upon this trust.
  • Adaptability: Recognising the financial shifts post-retirement, our plans are created with adaptability in mind, ensuring they align with your financial situation.
Back to top