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.
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.
Representative example – Total amount of credit £10,000, annual interest rate 18.25% (fixed), charge for credit £9,430 (£9,125 interest, £295 admin fee and £10 option to purchase fee), total amount payable £19,430. Loan term of 60 monthly instalments, 59 payments of £323.67 and 1 final instalment of £333.47. 36.1% Representative APR – Subject to status and affordability
