Car Finance for Provisional Drivers

If you have not yet acquired a full UK driving licence, you may be surprised to learn that you could still be accepted for car finance. Autozone/Car Credit Now has many years of experience in arranging finance for customers in a variety of situations, and we are partnered with a number of lenders who specialise in providing credit deals for applicants with complex circumstances. As long as you have a provisional licence, any application you make for a car on credit will be considered by our panel.

To improve your chances of being approved for car finance as a provisional driver, you may want to consider using a guarantor. This is an individual, perhaps a family member, friend or spouse, who agrees to guarantee the monthly finance payments for you as the borrower. It will be your responsibility to make the repayments but if any are missed for whatever reason, a guarantor will then have to assume responsibility. This gives lenders additional reassurance that if they offer you a credit deal, they will be repaid on time with minimal issue and this will make them more likely to approve your application.

Using a guarantor is the most common way in which car finance for provisional drivers is granted, so it is certainly worth considering who you know that may be willing to act as your guarantor. As a condition of approval your finance provider may impose a borrowing limit, but regardless, decreasing the amount that you are asking to borrow can increase the likelihood of acceptance, because having less money to repay makes you a less risky borrowing candidate.

For more information on how Autozone/Car Credit Now can help you get accepted for car finance as a provisional driver, get in touch with our friendly advisors today. We will be happy to help you get one step closer to your first car!