Polesworth Garage

Car Finance Frequently Asked Questions

Guaranteed Car Finance Bad Credit Car Finance Personal Leasing Business Leasing Contract Hire

Car finance can seem complicated, hopefully the frequently asked questions below will help you understand.

Further information on Hire Purchase, Personal Contract Purchase and Lease Purchase is available on our Car Finance Explained page.


Q1. What types of car finance do you offer?

We offer various ways to finance your next used car, including:


Q2. Can I use my current vehicle as the deposit on my next used car?

We would be happy to accept your old car as deposit on your next used car:

  • With or Without MOT
  • Finance Settled
  • Any Age or Mileage
  • Any Make
  • Any Model


Q3. Are your car finance rate competitive?

We offer some of the lowest rates available, including:


Q4. Do you perform a credit check if I apply?

We perform a credit check on all applicants.


Q5. How long does it take for you to make a decision?

We can usually provide an in-principal decision within 1 hour. The final decision will be dependent on the type of finance you require, your income and ability to pay along with the results of any credit check we perform:

  • In Principal Decision within 1 hour
  • Easy Online Application
  • Apply by Phone, Email or In Person


Q6. Can I get car finance if I’m self-employed?

We are happy to offer competitive rates to self-employed individuals, including:

  • Company Directors
  • Contractors
  • Tradesmen
  • Delivery Drivers
  • Builders & Ground-workers
  • Gardeners


Q7. Can I get car finance if I have bad credit?

We are happy to offer competitive rates to applicants with poor credit subject to income and the ability to pay, you will need:

  • Proof of Name
  • Proof of Address
  • Proof of Income (Pay Slips / Bank Statements)


Q8. Do you have a wide selection of cars available?

We usually have in excess of 200 quality used cars on-site with prices ranging from under £1000 to almost £100,000, including:


Q9. What identification will I need to provide?

We accept the following as identification:

  • Photocard Drivers Licence
  • Government Issued Passport
  • Government Issued ID Card
  • Armed Forced ID Card


Q10. What do I need to bring as proof of address?

We accept any 2 of the following as proof of address:

  • Recent Bank Statement (Within 3 months)
  • Recent Utility Bill, BT, British Gas etc (Within 3 months)
  • Government Documentation (Within 3 months)


Q11. What do I need to bring as proof of income?

We accept the following as proof of income:

  • Last 3 months wage slips
  • Bank Statements (3 months if self-employed)


Q12. How do I make my monthly payments?

We can accept payment in a number of different ways, somewhat dependent on the car finance you require, including:

  • Direct Debit
  • Standing Order
  • Credit / Debit Card
  • Cash


Q13. Do I need a deposit?

Depending on the type of car finance you require you may or may not be required to pay a deposit which is not normally more than 10% of the purchase price:


Q14. How do I apply for car finance?

You can easily apply for finance using any of the following methods:

  • Online using the button on any vehicle page
  • Call us on 01827 895 125
  • Apply for Bad Credit Car Finance – Here
  • Does Guaranteed Car Finance exist? – Here
  • If you have good credit Pre-authorise your Car Finance – Here


Q15. I have been turned down for car finance before. Can I still apply?

We are happy to look at anyone’s circumstances with a view to offering them competitive car finance, including:

  • If you’re Self Employed
  • If you’re on a Low Income
  • If you have Bad Credit
  • If you have No Deposit
  • If you’ve been Turned Down Before


For the answers to any other questions you may have call us on 01827 895 125 and we would be happy to help.

Guaranteed Car Finance    Bad Credit Car Finance  –  Personal Leasing     Business Leasing  –   Contract Hire