At Go Car Credit we understand how important it is to select the right vehicle that is going to be suitable for the foreseeable future for our customers. We want our customers to love their car and feel its suits them perfectly.
We have a wide range of customers that all have specific needs when it comes to their vehicle, and we take this into consideration when we review our vehicle criteria.
We can provide finance for cars and vans. This includes all sorts of makes and models, from BMW, Audi and Kia to Ford, Fiat, Vauxhall and many more.
We cater for a wide range of needs such as getting the kids to school, running back and forth to the office, family trips at the weekend and self-employed people who have a lot of tools and require a trustworthy and robust van.
If you haven’t found your perfect vehicle just yet, then you don’t have to worry we can help you to be matched with a dealer in your area. We also work with dealers that can offer nationwide delivery, so your perfect vehicle doesn’t even have to be down the road from you.
Vehicle criteria
As a responsible and ethical lender, we want to make sure that the vehicle is right for you and your circumstances. Because you are likely to have your new vehicle for around 3 to 4 years it’s important to make sure it is suitable for that amount of time.
We have the below vehicle criteria in place:
- The maximum lend is £15,000 (subject to affordability)
- The maximum agreement length is 4 years / 48 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.
Lending criteria
We want to help those who have been declined by other lenders in the past and ensure you have access to the credit you may need to purchase a new car. 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 you could secure a car loan with us. We provide the type of car finance which is known as Hire Purchase Car Finance. This is car finance which could give you the chance to buy a vehicle without having to pay for the amount in full before you can zoom away in it.
To describe Hire Purchase Car finance, you’ll be hiring your car from us and your purchase will be secured against the vehicle itself. That means the car is legally owned by us and you will be the registered keeper while you make fixed monthly payments across a set amount of time. Once you have paid the car’s amount in full, plus an amount of interest together with the £10 option to purchase fee, the car will be yours.
If you are unable to make the monthly repayments, we will work together to resolve this issue. As a last option, we can recover the car but there are many measures that we will look to take before reaching that situation as we want to get you back on the road to better credit.
Why choose Go Car Credit?
We work with dealers across the UK so you can be confident that you will find the right vehicle for you that is suited to your budget and circumstances.
If you meet the above criteria, we could consider you for a car loan and you should apply today!
Go Car Credit are specialists in bad credit car finance. We want to provide those with a less than perfect credit history the green light to enable them to walk on to a dealer’s forecourt with confidence, helping them get behind the wheel in no time.
We want our customers to feel excited about the car buying process not stressed or anxious.
To apply for car finance with us visit https://gocarcredit.co.uk/apply-for-car-finance/
