Your eligiblity for car finance depends on a number of factors such as income and affordability. To get car finance with Moneybarn, you’ll need monthly earnings of over £1,000 (after tax). Check out our list of accepted sources of income.
It may be possible to get car finance when unemployed, depending on your circumstances. For example, you might be eligible for car finance on benefits, depending on the types of benefits that you claim.
You could also consider making a joint car finance application. This is when two people apply together, using both their details to support the application. When making a joint application with us, your combined monthly income must be over £1,300 (after tax).
We’re proud to be one of the UK’s biggest lenders of specialist car finance. So if you’re looking for bad credit car finance for unemployed, even if you have an IVA or CCJ, Moneybarn might be able to help. We help thousands of people every month onto a better road ahead, even if they have a poor credit history.
It’s important to know that there is no such thing as guaranteed car finance for unemployed people. No responsible lender will be able to offer guaranteed car finance of any kind, including car finance for unemployed people.
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited  is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
Representative example: Total amount of credit £10,659. Repayable over 58 months, 57 monthly payments of £347.96. Representative 33.5% APR (fixed). Deposit of £884.64. Total charge for credit £9,174.72. Total amount payable £20,718.36. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.