Car Finance Eligibility Criteria

car finance criteria characters

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

Thinking about applying for car finance with us but not sure if you will meet criteria?

Don’t worry if you’re not sure whether you’re eligible for our car finance, we are focused on making the process as easy as possible so you can be driving away your new car soon!

We understand that you might be worried about your eligibility due to needing car finance but have a bad or poor credit profile, income from self-employment or benefits.

Take a look at the below information in relation to our criteria. It will help you understand whether we would be a suitable car finance provider for you.

If you have more questions about your eligibility for our car finance our agents are here to help. Please call us on 01925 696 373 and we would be happy to answer any questions you may have.

When we have approved you for finance and you are sure that you want to go ahead with car finance then we will carry out the hard credit search. We do not want to leave a search on your credit file until you are 100% certain that you want to go ahead with us.


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

Am I eligible for car finance?

We want to help those who have been declined by other lenders in the past and ensure you have access to the credit you need to purchase a new car.

In order to be considered for a car loan with us you must meet the below criteria:

  • Aged 25 or over
  • Lived in the UK for 3 years or more
  • Have £1500 income or more going into a bank account with your name on
  • Have a full driving licence
  • Not in an active bankruptcy, IVA or debt relief order

If you meet the above criteria, we can consider you for a car loan and you should apply today!

What is the vehicle criteria?

As a responsible lender we want to make sure that the vehicle is right for you and your circumstances so we have the below vehicle criteria in place:

  • The maximum lend is £15,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The vehicle must not be older than 9 years at the beginning of the agreement (36 months)
  • Max mileage of 110,000 at the start of a 36-month agreement.
  • Max mileage of 100,000 at the start of a 48-month agreement.
  • Max mileage of 90,000 at the start of a 48+ month agreement.

We would suggest you think about the costs linked with your choice of vehicle such as fuel, insurance, tax, MOT, servicing and maintenance costs, as these will all have an impact on the affordability of the vehicle. The finance is secured on the vehicle, so if you don’t keep up with the monthly repayments, Go Car Credit can repossess the car.

Why Choose Go Car Credit

We are specialists in providing car finance to people who have a poor or bad credit profile. We work with you to understand your current financial situation and find an affordable car finance solution.

Here are just a few of reasons why we could be the perfect car finance provider for you:

  • Our commitment: The repayment plans we create are straightforward and manageable and based on your situation and not just a credit score. We’re regulated by the Financial Conduct Authority (FCA) and follow their recommendations on responsible lending.
  • Our reviews: We have hundreds of 5-star reviews and are rated ‘Excellent’ by independent customer reviews on Trustpilot, with many praising our welcoming team and slick service.
  • Our communication: Applying for car finance can feel daunting, especially if you’ve been turned down in the past. We make the process simple and stress-free and ensure we communicate with you every step of the way.

You can choose your perfect used car from any of the dealerships across the UK. We also have dealerships that offer same day driveaway and contactless car delivery, meaning you could choose your new car from the comfort of your sofa and have it delivered straight to your front door.

How do I apply for car finance with Go Car Credit?

We aim to make the process of getting a new car as straightforward as possible.

All you have to do is complete our online application form.

If you are approved for finance, we’ll give you a provisional credit limit and help you find your perfect new car through one of our approved dealership across the UK.

The last step is to sign the paperwork and then you can drive away your new car!

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