Under 21

Car finance for people under 21

Are you under 21 and have a valid UK driving licence but little or no credit and want to get into a car of your own?

Everybody is individual and so at Instant Car Finance we do not discriminate based on your age. Being under 21 can often mean that your credit history is limited, with little to no experience with credit in the past.

Unfortunately, a lack of experience can reflect poorly on your credit rating but we don't believe that should be the case.

When you make an application with us, you will have a personal advisor who will help you get on the road, taking the time to get to know you and your circumstances.

Car Finance for People Under 21

The main reason why it can be challenging for young people to secure car finance is because they rarely have good credit. Many people under the age of 21 will still be living with their parents and in education and will not have had the chance to develop their credit file.

A lot of finance providers will only lend to individuals who are in full-time employment and have a regular income, as these applicants are deemed the most reliable. We know that there is more to the picture than this.

At Instant Car Finance, we do not think age should prevent you from getting the car you want. We work with lenders who understand this and will offer car finance for people under 21.

Who Can We Help?

While the legal UK driving age is 17, unfortunately you will not be eligible to apply for car finance until you turn 18, so at Instant Car Finance, we can help anyone over the age of 18 to find a car finance deal. We cannot guarantee you will be approved but we will do our best to increase your chances.

However, if you have not turned 18 yet, it may be a good idea to start looking into ways to build your credit score as early as possible, because we often encounter customers between the ages of 19 and 21 who have been declined due to their lack of credit history.

In order to secure car finance under 21, you may need a guarantor, normally a parent. They will need to supply proof of address, a valid UK driving licence, and to sign the joint finance agreement.

If you are under 21 and looking to secure car finance, call us on 0161 546 0400, browse our range of cars here or apply for car finance online.

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