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Existing Finance Deal

Existing car finance deal advice

Existing car finance deal advice

If you have existing finance on a vehicle, and would like to obtain another car loan agreement then Socialmotors can help.
Keeping up all your repayments on the car loan and all your other finance agreements you may have, will more than often put you in a great position when applying for extra cedit.
Showing the capacity to be able to manage your finances and pay your bills, goes a long way with loan providers when being assessed for credit.

Existing car loan deal

If you have fallen behind with your loan repayments or again any other creditors you may have, it is possible your credit score has been effected.
All Finance providers are obliged to ensure responsible lending. They will perform a credit search and assess your personal circumstances before approving any request for finance.
At Socialmotors, we have an extensive panel of lenders that tailor car loans for people with good, fair and even bad credit scores.

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.

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