Vehicle Finance Eligibility
Not sure whether you’d be eligible for car finance? Simply use our free eligibility calculator to find out whether you qualify and roughly how much you can borrow.
Am I Eligible for Vehicle Finance?
- Use our calculator to see how much you can borrow
- Applying with us won’t affect your credit score
- Apply online and get a fast decision from a trusted lender

Am I Eligible for Vehicle Finance?
When it comes to the eligibility requirements for vehicle finance, there are four main things you’ll need to qualify:
- You must be aged 21 or over
- You’ll need a driving licence (full or provisional)
- You must be in receipt of a regular income
- You must be a UK resident
Even if you have a bad credit history, you may still be eligible for car finance. A number of lenders specialise in bad credit vehicle loans, and will look at more than just your credit rating when making a loan decision.
Bad Credit Vehicle Finance
Having a low credit score will often affect your chances of taking out credit. But there are options available for people with bad credit! Many lenders will take things like your income and expenditure into account when assessing your application, as well as your employment history. Essentially, they’ll look at your affordability alongside your creditworthiness.
The question for some people is whether really bad credit is considered! This could include IVA vehicle finance and CCJ vehicle finance. Generally speaking, the main thing that lenders look at with a CCJ or IVA is how recently it was reported on your credit file. They don’t want to lend to anyone that is currently experiencing financial difficulty.
Here at Vehicle Finance Today, we’ll do our best to find a suitable vehicle finance provider for you, even if you have bad credit. We work with a number of specialist lenders, and you can rest assured that your application with us won’t impact your credit score.
Are Credit Checks Carried Out When I Apply?
When you make an application for vehicle finance, typically some form of credit check will be undertaken. But it’s important to know the difference between the two main types of credit check. These are soft and hard credit checks – the former won’t be reported on your credit file, while the latter will.
Vehicle Finance Today only performs soft credit checks, so these won’t appear on your credit report, nor will your credit rating be affected. After this though, the lender may choose to undertake a hard credit check. As lots of hard checks in a short space of time can impact your credit score, we feel it’s important to only do a soft check first. You can then confirm whether you’re happy to proceed with the application.
How Does Applying With Vehicle Finance Today Work?
Making an application with us shouldn’t take more than a few minutes, and the process is completely online, so you can do it from the comfort of your own home! Your application will be looked at on an individual basis, with things like your monthly budget and credit history taken into consideration.
As mentioned above, only soft credit searches will be performed at this stage of the application process, so your credit rating won’t be affected. And if you have any questions about applying, you can simply get in touch with us. Our experienced team are always happy to help!
Once you’ve filled in the application, we’ll do all the hard work for you. We’ll compare the various lenders in our panel, and do our best to find you a suitable option. Once approved, you will be able to choose your new vehicle! You may already have one in mind, or might appreciate some guidance – as long as it’s through a reputable UK dealer, you’re all set. Your lender will cover the cost, and all you need to do is pick up your new set of wheels!
Looking for Vehicle Finance Options?
Applying for finance through us should only take a few minutes, and won’t impact your credit score. So what are you waiting for?

Get in Touch
Want to discuss your options, or learn more about the application process? Our friendly team are ready to help!