Jump to content

Car finance/ mobile phone contracts etc with no credit history


Recommended Posts

I was reading on a previous thread about applying for a mortgage with no credit history and how that its about affordability rather than credit history. Does the same apply for car finance and mobile phone contracts? Is a work contract sufficient to prove you can afford to pay? We have a hire car for the first 2 weeks but will need to get our own car asap. Any advice would be appreciated!

Link to comment
Share on other sites

Yes, a contract of employment will be fine, the contract will have to show what hours you do and what your hourly rate is. They will take into consideration the cost of a family 4 (if that's your family make up) to live out here and if you don't earn enough you won't get the finance. You will also need bank statements with a healthy balance and be able to put a third of the value of the car down as a deposit. We just got our car last week on finance and it takes a bit of work but it can be done.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...