Most finance companies require an applicant to be 18 before applying for finance. One reason for this is that a finance company will need to review information on you, such as your credit background, before making a lending decision. For example, at 18 you will appear on the Electoral Register which helps verify your postal address. However, you may be able to apply for finance with a guarantor (for example, a parent) and other factors such as how much deposit you are able to put down play a part. Your local dealership will inform you of how best to proceed with an application for finance, based on your specific circumstances.
Posted in: Car Finance Information