Self Employed Car Finance

One of the key differences when applying for car finance as a self-employed worker is the extra length you’ll need to go to, in order to demonstrate your financial status. Typically, you’ll need to provide and demonstrate stability across a series of working months, minimum of 3. You can do this by providing bank statements or using open banking for your lender to understand your income and expenditures. As with all financial products, you’ll also need to demonstrate reliability through a strong credit score. Even if you have a bad credit or have a few hits on your credit profile, we can still help you find a deal that’s right for you.

Here at Vizion Finance, we believe car finance is more than just a new car. It’s a journey to improving everyday life. Whether you need a car for your business, to carry the kids to school or just to be proud of your achievements, we’ll work with you and our lenders to bring you guaranteed car finance and competitive interest rates and terms, helping you get the car you need or want. We’ll help you assess your circumstance, collaborate with our panel of lenders, read the fine print for you, and provide you with a point of contact adviser to guide you through the decision.

There are a few steps which we can strongly recommend that will increase your chances of securing a car finance deal: Checking your credit score By checking your credit score regularly you can ensure that you have an idea of what your credit status is like, identify any mistakes or errors and work on areas that can be improved. There are many ways in which you can improve your credit score, such as using credit cards and registering on the electoral roll (see below). Prepare your proof of income If you’re in employment you’ll likely have payslips, otherwise you’ll need to provide 3 months minimum of bank statements. It can be helpful to clean up your bank statements, remove any non-essential subscriptions, evaluate if there are any outgoings that can be stopped. If your income is arriving in multiple instalments, ensure you label and identify these accordingly or try to merge them into one payment for ease. Register on the electoral roll It’s free and allows you to confirm your name and address online. It is one of the first things that lenders look at when evaluating your finance application and will help you gain approval for a finance product. Increase your deposit Putting down a larger payment upfront may reduce the amount you need to borrow making it more likely for lenders to approve your application.

Get a free no-obligation quote by filling in our quote form. If you’ll be approved in theory by one of our panel lenders, we will reach out with your offers and explain what you have available. We will be able to answer any questions you may have and we will leave you to find your perfect car (or you might already have one in mind!). You can search our vehicle stock or let us know about an Nissan you have found elsewhere. Use our calculator to find out how much you could afford to repay monthly.