Employment criteria

Employment criteria for car finance


Employment criteria for car finance

When trying to borrow money from a finance provider, you need to be able to show them that you are able to repay whatever amount they lend you.

At Socialmotors, we require you to show you have permanent employment or show you have a regular income.

We need this for us to be able to submit your application, to be considered by a loan provider. Socialmotors obtain loans for people looking for cars, bikes, vans and motorhomes.


Employment status’ considered

Car finance from lenders is subject to status and your current income..

  • College student
  • Disability benefits
  • Self employment
  • Part time workers
  • Taxi drivers
  • Retired people
  • NHS staff/ nurses
  • Carers
  • About to start a new job (must have employment contract)
  • Stay at home Mum/Dad
  • British Army – (UK resident)


Obviously, a successful application for car finance is never guaranteed. Being able to show you are in full time employment or have a guaranteed regular income would be a great start. To prove this, the documents expected would be either wage slips or bank statements.  


Our panel of lenders provide finance options to suit all credit histories and profiles. We offer low rate loan options for those with excellent credit, to options for people with extremely bad credit. Even if you have been refused everywhere else, we may still be able to help.


Car finance types available:


Get in touch to see how we can help you.

Application process

Make an application online

Apply now or call us, one of our experienced advisors will take some basic details for our lenders to review. If approved you will be offered a credit limit for your new car.

Choose your car

Once you have your credit limit, one of our advisors will assist you in choosing your new car from our showroom – we have over 1000 vehicles available in group stock, at this stage you will be able to discuss your needs and establish the car you want.

Documents and Delivery

We will now prepare your new car for delivery and get it to you usually within 48 hours, giving you a free 12 month comprehensive warranty & 12 months MOT. Once your car arrives, if your happy you sign your finance documents.

Application Criteria

Do you meet the hire purchase car finance application criteria?

To be eligable for car finance all you need is to…

  • Be aged 18 or over
  • Hold a full UK/EU driving licence
  • Be UK resident for 3 years
  • Have a Full time, part time job, be self-employed
  • Not bankrupt

Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply for bad credit car finance.

What our customers think…

Scott Royle
Scott Royle
20:54 22 Feb 19
Really happy with my car and great service car delivered by a really nice bloke and everything felt very personal
Gayle Eaton
Gayle Eaton
12:33 01 Aug 17
Very good service very happy
kim summers
kim summers
13:30 13 Jun 19
Received my new car yesterday..... delivered all the way to Hull..... the gentleman who delivered it was very polite.....A big shout to David for all the hard work and patience finding me a nice car...... I am absolutely thrilled with it........ I would thoroughly recommend this company to anyone, David was very friendly and was helpful through the whole process from beginning to end and would hesitate to recommend this company to my family and friends, thank you 😊
Mark Dean
Mark Dean
20:20 03 Mar 21
I had bad credit through a divorce this company took the challenge and came up with the car I wanted at the price that was well in My budget.The agent Dave was more of a mate then advisor was gen down to earth and honest and did his best not just 9~5 good service would use again and reccomend to excellent
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