Yes it is possible, but there are fewer finance companies that offer car finance to under 21s as a lot of lenders have 21 as their minimum age. The finance companies that can offer car finance to under 21s will need to complete a credit check, and affordability check in order to offer an approval.
The factor that makes it difficult to get approved is the limited credit history you will have as your credit history only begins when you are 18. Our best tips to getting approved for car finance for under 21s are:
Essentially, the most important things to do are to build your credit file up with positive pieces of credit. Make sure you do not over commit yourself, once you have bad credit, it will be very difficult for you to be offered any finance while you are under 21.
Yes, this is possible. It all depends on your affordability and whether your credit file shows any trace and any positive credit profiles, such as:
The best way to find out if you can get approved is to apply to a car finance specialist that uses every car finance provider.
Kirsty Morris
4 days ago
Very fast & easy process , would highly Recommend
Cheryl Taylor
a week ago
Exceptional service applied for finance on Monday drove away in my new car Wednesday was a very easy process fill in the online application and let the team do the rest highly recommended now you go get a better car 🚙🚙
Coni Beattie
a week ago
Very polite,helpful & extremely patient with me asking all questions over the phone as I couldn’t get to view before I brought it. Will definitely be returning in the future. Thank you.
Kieran Bond
2 months ago
Get A Better Car purchased my car from us via Motorway. They were the highest bidder. Really painless process. They were patient with us as we timed it poorly and were out of country for a week after they had won the bid, so waited for us to get back with no qualms. The check itself was really straightforward - The person who came out was an independent on their behalf, he verified our photos and checked the car (including a test drive). All done within an hour. He picked up on some damage we had missed, and the Get A Better Car understandably offered slightly less than originally quoted, but a reasonable amount less for the damage. Very pleasant and understanding to work with - even helped me with getting some documentation sorted.
Brook UK
4 months ago
Thank you, Thank you, Thank you and Thank you again. After going insane and being rejected for Car Finance elsewhere, they accepted me with not so good credit, so very happy and grateful that they were able to offer me the car that I wanted. Looking at not only my credit but affordability and current circumstances. Absolutely outstanding service through out the whole process. Thank you so much for giving me a chance and trusting me. I will not let you down.
Terri Guest
4 months ago
Great service, look after the customers really well, will always recommend
Jason Casburn
4 months ago
My wife and I have used this company twice now.. we had a vauxhall astra from them and the service is amazing we had a few faults and they were understanding and fixed the issues without hesitation ( issues to be expected with age of the vehicle) From signing the paperwork to driving away was very seamless. Any issues were always rectified and even provided a courtesy vehicle whilst ours was repaired. Recently bought a Mercedes from them and again paperwork and application process was faultless but had an issue with the merc and they were happy to have the vehicle back to have it looked at. I'm still awaiting for the issue to be resolved but again a courtesy car was handed over with no issues, if I was to be a little fussy possible the warranty provided could be extended slightly but as stated above, they have no issues with fixing problems if they arrise. Would definitely reccomend getabettercar 5 stars to the team.
noelgeorge
4 months ago
Even for the bad credit these guys will help you out.
This is very unlikely. If you are in arrears or have defaulted on some credit, and you are under 21, then it is highly unlikely you will be able to get approved for car finance.
If you are able to catch up your arrears, and you are on the electoral register, then you may have a chance once your credit file reflects this.
If you have defaulted on something, this will affect your ability to get credit for the next 6 years.
Possibly. This can sometimes help. It is possible to apply in your own name first and then if you are unsuccessful, you can try again with a parental joint applicant or a partner at the same address. Since most finance companies use soft search, there is no impact on your credit rating if you make 2 applications.
As Get A Better Car use every fair and bad credit car finance provider, we know every car finance provider that can offer finance to someone aged under 21, they are:
There are several other good credit car finance providers that can help if your credit score is strong enough but the above are the only options if your credit score is classed as Fair or Bad.
The biggest problem you have in getting approved for car finance aged 18, 19, or 20 is that you will have a limited credit trace from finance companies’ perspectives. If you have registered to vote, have your bank account on your credit file then you have the foundation to build on. You can view your credit report for free at Credit Karma
