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Self-Employed Car Finance Edinburgh

Some lenders find self-employed individuals more tricky than employed people to assess in terms of suitability for a loan. If you’re self-employed, you may have an inconsistent income, making you a bit riskier for a lender. If you haven’t been in business very long, then lenders may feel that you’re not established enough to have a regular income.

Here at Go Car Credit, we’re here to tell you that it is possible. If you’re in Edinburgh or the surrounding areas let us take the stress out of finding a new car. We work with car dealers right across the Edinburgh region to ensure our customers drive away in their perfect car! Our dealers have hundreds of cars on site which means our customers are in the right hands to find the right vehicle to suit your budget.

49.6% APR Representative – Subject to status and affordability

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Will I be required to prove my income?

  • We ask for 3 months’ worth of bank statements as proof of income
  • We do not accept tax returns as proof of income
  • We also require 3 years’ worth of address history. You must be a UK resident for 3 years or more to apply for car finance
  • We cannot take cash in hand payment as a provable income. It must go into a UK bank account in your name or we can accept proof of income into a bank account in the name of your spouse or partners, but they will also need to be added on to the finance application

Why choose Go Car Credit

  • Regulated by the FCA
  • Rated Excellent on Trustpilot
  • Simple application process
  • Re-establish your credit
  • No deposit required
  • Bad credit specialists

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

  • 1. Apply via our online form, it only takes 2 minutes
  • 2. Underwriting will review the application and make a lending decision
  • 3. Once approved you can choose your perfect car
  • 4. Sign your documents online and then drive away your new car

We can finance cars or vans for people who are self-employed so apply today. It only takes a few minutes and once you’re accepted, you’ll be able to buy a vehicle from any of our approved dealers and no deposit is required.

If you are looking for car finance in Edinburgh, Livingston, Dunfermline, Kirkcaldy or the nearby area we can help you find your next car at a nearby dealer, plus some of our dealers offer same day driveaway and delivery to your door.

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Frequently asked questions

What is Hire Purchase Car Finance?

Hire Purchase is one of the most common types of finance, it is really simple – you hire the vehicle and make fixed monthly repayments until you have paid off all of the agreed finance.

There are no surprises at the end of your agreement such as balloon payments or mileage restrictions.

The entire car price is spread across your agreement term and once all monthly payments have been made the car becomes yours, making it one sensible option for borrowing.

Will I qualify for Car Finance with Go Car Credit?

Have you been refused car finance due to bad credit? Don’t worry it does not mean that you can’t get car finance! We are specialists in bad credit car finance.

Many of our customers have been refused car finance from mainstream lenders because of poor or bad credit history.

Apply via our online application form to find out if we can help you secure the finance you need for your next car purchase.

How much can I borrow?

We can offer loans from £3,000 to £10,000. Use our car finance calculator to see what your fixed monthly payments would be.

How do I apply for car finance?

You can apply for finance direct via our website. Just fill in our application form and one of our sales agents will be in touch.

What is your lending criteria?

  • •You are a UK resident for at least 3 years. (We are unable to provide finance for those living in N.Ireland)
  • • You have a full UK Driving Licence.
  • • Your income is over £1000 and paid directly into a UK bank account.
  • • You are able to provide 2 months consecutive pay slips or if self-employed, 3 months consecutive bank statements.
  • • You are over 18.
  • • You are not in an active bankruptcy or debt relief order.

I have got bad credit, will I still get approved?

We are specialists in providing car finance to people who have experienced bad credit in the past.

Our customers are never judged solely on their credit history. Instead, decisions are based on a blend of science and human judgement to understand whether the repayment schedule will be manageable for the customer.

This approach allows us to consider any extenuating circumstances such as a poor credit history, self-employment or any previous mortgage or council tax arrears and view you as an individual, not just a number.

For more information, please visit our Bad Credit Car Finance page page.

Do you do guarantor car finance?

We do not offer guarantor finance, but we do help people who may have experienced problems getting finance in the past. For more information, please visit our Bad Credit Car Finance page.

Can I get car finance if I am on benefits?

Yes, you could. Unlike some mainstream lenders we take benefits into consideration when reviewing your income. For more information about on this, visit our Car Finance for People on Benefits page.

Can I choose any car?

There is criteria that has to be met such as maximum mileage restrictions and maximum age of vehicle restrictions.

We can help you source the car you want from one of our reputable dealers across the UK.

All of our dealers are authorised and regulated by the Financial Conduct Authority.

By only choosing dealers that are FCA regulated reinforces our high standards of service to our customers.

Why is your APR higher than other lenders who offer car finance?

We specialise in providing finance to individuals who have struggled to obtain credit. We charge a higher APR on our finance products because we serve the sector of the community, which are usually excluded from conventional lending and our customers are seen to be a higher risk by other lenders.

To reward our loyal customers who have proved they are committed to improving their credit could receive a reduced interest rate on their next agreement.