Finance when living at home

Looking for car finance but live at home? Here is everything you need to know and how you can help your chances of being accepted. Read on to find out more.

Car finance can be confusing, we know, but we have built up quite the knowledge base, working with it day in day out. Because of this, we are here to help you make sense of it all and to help you find out whether car finance is the right option for you.

First of all, living at home shouldn’t impact your application. You will be asked for your current address and how long you have lived there, and if you have lived there all your life, this could even have a positive effect on your application. The reason lenders ask for this information is so they can gauge whether or not you are settled and will stay in one place.

As part of the application, you will be asked how much you earn as well to make sure you can afford the repayments on the car. There are a variety of questions like this that will be answered in order for lenders to make a decision and offer you finance deals based on your circumstances.

As you may already know, there are different types of car finance, which could be right for you depending on your circumstances. There is personal contract purchase and hire purchase and even bad credit car finance. Once you have completed your application, there will be a variety of deals to explore.

We would advise you to speak to a professional who will be able to help you navigate the different options. If this sounds like something you would like to look into, come and speak to a member of the team at Hilton garage, the used car supermarket in Derby.