Finance for self employed

Looking for car finance and wondering if you can apply if you are self employed? You are in the right place, here is everything you need to know about car finance when you are self employed.

First of all, it is a common misconception that you cannot get car finance if you are self employed and that it isn’t worth applying. This is absolutely not the case and we have helped thousands of self employed people find the right finance agreement and the right car for them.

Now, that is not to say it is an easy process as there are a few more things to consider than if you re in full time employment.

The first thing to consider is proof of earnings. Finance lenders want to make sure you are capable of paying back the agreement each month, so they may ask to see proof of income. This can be trickier when you are self employed but as long as you have a regular income and everything in order, there shouldn’t be an issue.

Another thing is proof of address. Having a permanent residence for a given amount of time can be a real help when it comes to applying for finance. It shows that you are settled and intend on staying somewhere, if you have recently moved then proof of your last address and time spent there is a good thing to offer up too.

Finance needn’t be daunting nor confusing but it is best to speak to a professional and weigh up your options. If you are concerned about being accepted, putting a deposit down on the agreement is a good way to help your application along too.

There is no such thing as guaranteed car finance so it is best to speak to an expert and to look at the options available to you. If you would like to start your finance journey, get in touch with a member of the team at Hilton Garage, the used car supermarket in Derby.