Lending criteria

Everything you need to know about your application

It’s good to know that even at application, a financial agreement is still not guaranteed with us.

We will need to receive copies of the documents listed in your application email. Every application is unique and has different requirements, so please discuss with your Moneybarn Direct Consultant exactly what is needed from you.

Your finance is not guaranteed until we are satisfied that you, the vehicle and the dealership fully meet our criteria.

A car driving round a corner

Car criteria

  • You must be older than 21 and younger than 70 at the point of application (subject to affordability)
  • You could lend a minimum of £4,000 to a maximum of £25,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The car can have a mileage up to 120,000 at the start of the agreement
  • The car must not be older than 12 years at the end of the agreement
  • Cars under 4 years old can have a maximum of 3 previous owners
  • Cars over 4 years old can have a maximum of 4 previous owners
  • The car must have a trade value of at least £4,000.

Van criteria

  • You must be older than 21 and younger than 70 at the point of application (subject to affordability)
  • You could lend a minimum of £4,000 to a maximum of £25,000 (subject to affordability)
  • A minimum deposit of £400 is required
  • We do not finance VAT
  • The maximum agreement length is 5 years / 60 months
  • The van can be up to 7 years old at the start of the agreement
  • The van must not be older than 12 years at the end of the agreement
  • The van can have a mileage up to 125,000 at the start of the agreement
  • Vans under 4 years old can have a maximum of 3 previous owners
  • Vans over 4 years old can have a maximum of 4 previous owners
  • We do not finance base chassis vans, minibuses or vans that have had specialist body work such as cherry pickers.
A van driving down a country road
Someone on a motorbike on a country road

Motorbike criteria

  • You must be older than 21 and younger than 70 at the point of application (subject to affordability)
  • You could lend a minimum of £2,500 to a maximum of £15,000 (subject to affordability)
  • A deposit of £400 may be required, subject to affordability
  • The maximum agreement length is 5 years / 60 months
  • If you have a CBT licence your maximum agreement length is 36 months
  • The minimum engine size we finance is 125cc
  • The motorbike must not be older than 12 years at the start of the agreement
  • The motorbike can have a mileage up to 30,000 at the start of the agreement
  • Motorbikes can have a maximum of 6 previous owners
  • If you do not have a full motorbike licence then we will need a copy of your CBT certificate and provisional licence
  • We require a copy of your driving licence and the motorbike advert showing the mileage, price and year of registration.

Dealership criteria

  • Dealerships can be franchised (i.e. Ford, Honda etc.) or not franchised
  • The dealership must have a physical showroom or forecourt
  • You must be able to view the vehicle without needing to pre-book an appointment
  • The dealership must have an FCA number, which shows they are regulated by a financial body. Don’t worry we will check this for you, but it’s to make sure you are protected as a customer.
  • The dealership must have a website with a landline number.
Lots of cars reversed back to back
Someone using a calculator

If you have an IVA

  • If you are currently within an IVA we will require permission from your IVA practitioner that they are happy for you to enter into a financial agreement with us. This will need to be on letter headed paper, state what your monthly repayments will be and the length of your finance agreement.
  • Your Direct Sales Consultant will provide you with a form that your IVA practitioner will need to sign if they cannot provide the above letter.

Buying your next car

You want to make sure you purchase a reliable vehicle, which doesn’t break the bank. That’s why we’ve put together this helpful guide.

Being self-employed

We consider applications even if you’re self-employed and have bad credit so we might be able to offer you finance even if other lenders have rejected your application.

Our application process

It is important to completely understand the car finance agreement that you may be entering – find out more about how a conditional sale agreement works.