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.

Car criteria

  • The maximum lend is £25,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The vehicle must not be older than 7 years at the beginning of the agreement
  • The vehicle must not have a mileage of 120,000 or over
  • The vehicle can only have a maximum of 3 previous owners
  • The vehicle must have a trade value of at least £4,000

Van criteria

  • The maximum lend is £20,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The vehicle must not be older than 7 years at the beginning of the agreement
  • The vehicle must not have a mileage of 120,000 or over
  • The vehicle can only have a maximum of 3 previous owners
  • A minimum deposit of £400 is required
  • We do not finance VAT
  • We do not finance base chassis vans, minibuses or vans that have had specialist body work such as cherry pickers.

Motorbike criteria

  • The maximum lend is £15,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The minimum engine size we finance is 125cc
  • The vehicle must not be older than 12 years at the beginning of the agreement
  • If you have a CBT licence you will only be approved for finance for a maximum length of 36 months
  • A minimum deposit of £400 is required

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

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.

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.

Car Criteria

  • The maximum lend is £25,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The vehicle must not be older than 7 years at the beginning of the agreement
  • The vehicle must not have a mileage of 120,000 or over
  • The vehicle can only have a maximum of 3 previous owners
  • The vehicle must have a trade value of at least £4,000

Van Criteria

  • The maximum lend is £20,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • The vehicle must not be older than 7 years at the beginning of the agreement
  • The vehicle must not have a mileage of 120,000 or over
  • The vehicle can only have a maximum of 3 previous owners
  • A minimum deposit of £400 is required
  • We do not finance VAT
  • We do not finance base chassis vans, minibuses or vans that have had specialist body work such as cherry pickers.

Motorbike criteria

  • The maximum lend is £15,000 (subject to affordability)
  • The maximum agreement length is 5 years / 60 months
  • Minimum engine size changed to 125cc
  • The vehicle must not be older than 12 years at the beginning of the agreement
  • If you have a CBT licence you will only be approved for finance for a maximum length of 36 months
  • A minimum deposit of £400 is required

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

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.