Car finance for self-employed is the funding option for the car buyers who own their business or have their own way of earning. They do not fall under the category of salaried people who other employers employ. 24loansvally offers car finance for self-employed in the UK for new and used cars with no guarantor demand. Borrow funds on simpler terms and conditions because all our deals are easy to repay.
Car finance work on some basic principles that make its basic nature and are necessary to add versatility to the comfort its serves. You need to understand the basic elements of car finance before making a final decision. The features and benefits are applicable in the case of new as well as used car finance self employed people.
All the elements of the car finance are always subject to the individual circumstances of the fund seeker.
We try to make sure that you get only the best possible financial solution according to your conditions.
You need to submit every small detail of your personal finances because that helps us understand your conditions better. This helps you better and more affordable deals.
Calculating the cost in advance on a calculator is the best way to finance a car for self-employed. You can get estimations on the annual and the monthly costs of the vehicle purchase.
The self-employed finance for car purchase serve millions of people all across the UK, and it has to be equipped with necessary features and benefits. For the complete financial comfort of the borrowers, they have to accompany the finance options.
There are certain and precise reasons behind the struggle of the self-employed people when they try to get funds for any purpose. The nature of earning in self-employment is perhaps such, that has to wrestle with rules set by the regulatory authorities. However, it is also a fact that nowadays, considerable flexibility has been bestowed to offer ease to self-employed borrowers.
Note – You should never respond to the offers of car finance for self-employed with no accounts. It is practically not possible for any lender to offer funds without studying the accounts of the rules. It is against the FCA rules.
Yes, you can buy your car despite poor score with the support of car finance for self-employed with bad credit on certain circumstances. With a poor payment record, you need to make efforts to prove creditworthiness.
If you want to talk about logic, we can say that the repayments will not be too high but not as low as the good credit score people enjoy. Every finance company has to find ways to compensate its risk of lending to a poor credit person, not discrimination. It is part of the complete procedure.
24loansvally has no special or complicated criterion because we follow the professional methods set by the industry. You can say we are flexible on the part of interest rate and repayment plans.
No multiple footprints
We prefer that there should not be multiple search footprints on your credit record when you apply to us. It is not good for your credit score, and also it is against our professional ethics
Strong repaying capacity –
Our first concern encapsulates many other small factors of income-outgoing ration, deposit amount, etc. We are ready to lend you funds irrespective of credit score if you have the capacity to pay the instalments.
Tax benefits not as repaying capacity –
You may have some tax benefits in business, but we do not consider them as income or part of your repayment efficiency. For that purpose, we only depend on the regular earning that can be justified.
We know the reasons how we can help the self-employed car buyers. We want you also to know those reasons and make a final decision at your discretion. Your satisfaction and information are more important for further mutual understanding.
The application process is all about 4 simple steps that are easy to cross because we value the time of our borrowers.
Note – The application process is subject to customization, and during affordability check, we apply the interest rates according to your personal circumstances. Final fund transfer happens when you give us acceptance on a legal agreement.
Getting car finance when you are self-employed can be tricky, but this is why we are here. 24loansvally makes the borrowing a piece of cake for the buyers with a rational approach. We have successfully changed the perception of many of our customers who thought they would face car finance complications as a self-employed. This platform is again ready to serve more people. If you need any help and funds for the car purchase, come to us, and we can surely figure out the best.