FAQs - Checking eligibility

Can pensioners get car finance?

Sam Wooller, Customer Experience Communications Manager
Wednesday, 07 December 2022

Yes, we could help you get car finance if your main source of income is a pension. It’s important to know that your monthly income after tax must be at least £1,000 – that can be just from your pension, or topped up by another source of income. Also, you must be under 70 years old at the point of application.

If you’re not sure whether you meet our requirements then don’t worry. Our Customer Services team is on hand to help you. You can get in touch by calling 0330 555 1230 or if you go to make an application you can leave us your phone number and we will call at a time convenient to you.

Can you get car finance if you are retired?

We accept applications from those aged between 21 and 70. If you are retired and have a pension, or are claiming benefits, then you are welcome to apply with us.

Car finance for pensioners with bad credit

You might have a less than perfect credit score, but that doesn’t change the fact that you need a reliable car to get around. We’re bad credit specialists and offer car finance for pensioners even if you have bad credit.

No deposit car finance for pensioners

If you don’t have the money saved for a deposit, then you might have considered no deposit car finance. This is where you don’t pay anything up front when you sign your car finance agreement. Whether you can get car finance with no deposit depends on a number of personal factors, so no responsible lender can guarantee this.

We understand that it might be hard to put together a deposit and recognise that living affordably is important. We can walk you through the process – you could try out car finance calculator to see what your agreement might look like in terms of monthly payments.