Self Employed Car Finance Offers

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Car Finance

Rates from 7.9% APR. Representative APR 11.9%

Representative example: borrowing £7,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £0.00 the amount payable would be £183.99 per month, with a total cost of credit of £1,831.68 and a total amount payable of £8,831.68. This is an example only, lender fees may apply. All finance subject to status.


Vehicle Price:

£ 7000

Initial Payment (Deposit):

£ 0

To Pay Over:

48 Months

Assuming your credit rating is:

Best Available Rate:

6.9%


Initial Borrowing:

£7000


Total Cost Of Credit:

£1030.36


Total Amount Repayable:

£8030.36


Optional Final Payment:

£8030.36


48 Monthly Payments of

£167.30

Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £7,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £0.00 the amount payable would be £183.99 per month, with a total cost of credit of £1,831.68 and a total amount payable of £8,831.68. This is an example only, lender fees may apply. All finance subject to status.

Can I get car finance if I’m Self Employed?

Contrary to popular opinion, yes, you can get self-employed car finance. Regardless of what your income status is, we’re committed to finding you a deal that suits you best.

A large proportion of the current UK population are self-employed, and whilst the entice of flexi-working, being your own boss and financial freedom there comes a trade-off for financial stability. Your salary is not promised each month and your take home pay may even fluctuate between months.

It is this uncertainty that makes obtaining car finance when you’re self-employed notoriously challenging.

We know your car is important to you, whether it’s getting you to your client meetings or making deliveries, and we’re determined to get you on the road as soon as we can


Process of your finance application

Choose Your Car

Browse our Vehicle Stock or choose a car from a dealer of your choice.

Get A Quote

Submit your details and Get a finance quote from our trusted lenders.

Finalising

If you are happy, we will finalise the deal with the lender on your behalf.

Enjoy Your Car!

Collect your car from the dealer and enjoy it for the duration of your contract.

What do I have to do differently?

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.

Why come to Vizion Finance if you’re Self Employed?

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.

How can I maximise my chances of being approved?

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.

How do I apply for Car Finance if I’m Self Employed?

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.


Comparison of Finance Options


Finance Features: Hire Purchase (HP) Personal Contract Purchase (PCP) Personal Loan
Requires initial deposit Optional Optional
Car is yours at the end of the agreement
Optional
Fixed monthly payments
Optional balloon (final) payment
Avoid excess mileage charge
Secured against an asset (e.g. a car)
Support with vehicle issues

Frequently Asked Questions

Is a proof of income a requirement for car finance?

Yes. In all cases, your lender requires information about your financial status before taking the risk to provide you with a loan. This is typically payslips but as a self-employed worker you’ll need to provide this in a different way, either bank statements or via open banking.

Will my repayments be higher if I have bad credit?

The rate and amount to borrow you’ll be offered for self-employed car finance will depend on a range of factors including your credit score, how much you’d like to borrow and the car you’d like to buy. Whilst having a bad credit score might mean you won’t get offered the same rates as those with good credit scores, it doesn’t mean it isn’t possible entirely.

What vehicles can I finance through Vizion Finance?

Our trusted panel of lenders can finance cars, motorbikes and vans for your personal use. Want to find out more? Get in touch today for a no-obligation quote.

Let's get started?

Getting a Free Quote with Vizion Finance only takes 5 minutes, and will not affect your credit score

Get in touch

Phone:
0203 322 1905

Email:
sales@vizionfinance.co.uk

Business Hours:
Monday to Friday 09:00 - 20:30
Saturday 10:00 - 19:00
Sunday 10:00 - 17:00

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