How car finance works

How car finance works with Socialmotors 

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

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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