Affordability checks are a helpful way to determine how much you can spend on a car. These checks take into account several factors, including your credit score, the loan amount you're seeking, and your disposable income after paying essential bills each month.

Having a fixed budget and securing your car loan beforehand will give you more confidence when selecting your vehicle. Our car finance calculator is a great tool to help get started!

Car finance costs are typically the total amount you borrow plus any interest and fees that you'll need to repay over the term of the loan.

For Hire Purchase (HP) finance, your monthly payments cover both the loan principal and interest. The interest rate offered to you depends on several factors, including your credit score. Improving your credit score could help you access better rates.

At Exclusive Car Finance, we work hard to secure the best deal for you from our wide range of lenders. We understand that every customer’s situation is unique, so we aim to match you with a loan that fits your circumstances. The process is fast and straightforward; if you're approved, we'll contact you to discuss your options. Plus, a dedicated account manager will handle all the paperwork, so you can focus on finding your perfect car!

If you know how much you'd like to borrow or have found the car you want, it's time to apply. Start by getting a free quote through our online application. You'll need to provide some personal details, your employment status, monthly income, and information about the type of vehicle you're looking to buy. Once we have this information, we’ll get to work finding a lender who can approve your loan in principle. Your dedicated account manager will guide you through gathering any necessary documents.

The best APR (Annual Percentage Rate) for a car loan is one that's affordable and tailored to your financial situation. APRs can vary depending on the lender, the amount you borrow, your credit history, and the type of loan. The lower the APR, the less interest you'll pay overall, making the loan more affordable.

Opting for a 72-month (6-year) car loan isn’t necessarily a bad idea. A longer loan term can reduce your monthly payments, making them more manageable. However, keep in mind that a longer term may result in higher interest costs over time. At Exclusive Car Finance, we offer Hire Purchase (HP) agreements that can range from 12 months to 60 months, giving you flexibility based on your needs.

The minimum income requirement for car finance depends on the lender that approves your loan. At Exclusive Car Finance, some of our lenders accept applicants with a monthly income of £900 or more, including those receiving benefits as part of their income.

Although we offer no-deposit finance options, making a larger down payment can reduce the amount you need to borrow, which might result in lower monthly payments or a shorter loan term. However, it’s important to make sure that your down payment is affordable and that you still have enough cash left over to cover other car-related expenses like insurance, tax, fuel, and maintenance.

Our car finance calculator is a useful tool to estimate your monthly payments, but we can't provide an exact figure until you've completed an application and chosen your vehicle. Your payments will depend on factors like the loan amount, the repayment term, and your credit score. Before signing the agreement, you’ll be able to review the full payment schedule to make sure it works for you.

At Exclusive Car Finance, we do not charge any fees for our service. However, you may need to pay an administration fee to the car dealership, and they may offer optional services like delivery or vehicle valeting for an extra cost. We recommend checking with the dealership for any additional fees that may apply.

At Exclusive Car Finance, we work with lenders that can offer car loans ranging from £2,000 to £100,000, giving you the flexibility to find the right finance for the vehicle you want.