How car finance works
How car finance works with Socialmotors
Socialmotors’ process is very quick and simple. We aim to provide you with a decision on your application within the hour.
Depending on your circumstances this can take a little longer. Although you will receive a decision the same day. Our process usually takes 2-3 working days.
We use car loan providers who consider all your financial circumstances. Employment, self employment (own company/sub-contractor), retired, 100% benefits.
All credit profiles are welcome, we have low rate finance solutions for people with the best of credit. If you have low, poor or even bad credit, Socialmotors have options available – Even if you have been refused by other lenders.
Our car finance calculator will give you an indication of how much you can apply to borrow. A deposit is not mandatory. You can put down a lump sum if you like or exchange your old vehicle, this is generally called a part exchange. This will lower the overall amount you borrow from the lender.
Making an application with us is very simple, you fill in our car finance application form, then if approved one of our highly trained advisors will give you a call.
You are assigned your own personal advisor who will talk you through your options and let you know how much you have to spend.
You will need to provide some documentation to finalise your agreement, the required documents vary from lender to lender depending on your personal situation.
We have thousands of vehicles in stock, all with no deposit and the lowest finance packages available for your circumstances.
Once you choose your new car, we deliver it to your home usually within 48 hours – Completely free of charge