How it Works
A simple process to your perfect car
At CarMoney we pride ourselves on providing a simple, quick and transparent way for you to finance your next vehicle. Our powerful software systems allow us to help you to check your eligibility without impacting your credit rating by completing a Soft Search. The Soft Search leaves no trace on your credit rating and instantly shows your eligibility with some of the top lenders on the market.
We can then apply for you to the UK's top lenders and work with them to get you a speedy acceptance with minimum hassle. Our team of ninjas will also help source a new car for you - unless you already have something in mind. CarMoney finance is accepted at any of the over 12,000+ dealers in the UK.
Tell us about your requirements
Tell us a bit about the car that you are looking to purchase, including the value and how many months you would like it over.
Play around with some finance options to get the best deal
Not sure the monthly payments work for you… not a problem, just adjust our easy to use quick calculator to find the deal that is best for you.
Tell us about yourself so that we can assess your eligibility
Tell us a little about yourself, including previous addresses, employment and bank sort code and account number, we will then get to work comparing over 20 lenders to bring you the best rate.
Sign your finance documents
Once you are happy with the lender, agreement and monthly payments then all that is left to do is sign the documents and pick up your brand new car!!
Why certain lenders are likely to accept your application
At CarMoney we will collect some very basic personal details so that we can conduct a soft credit search. This type of search leaves no mark on your credit record visible to lenders. It is however enough information to help us tell you which of our lenders and rates you are likely to be being accepted for credit. This in turn helps give you the most transparent way of making a decision.
Lenders we recommend are a selection of the key lenders in the market, this allows us to provide you with the best rate possible no matter what your credit rating is.
What are my chances of approval?
You and your credit rating
It is good to keep an eye on your credit rating, particularly if you are looking to make a big purchase for something like a mortgage or a new car. Your credit rating is based on your ability to meet your financial commitments and is calculated based on your credit history. Having a lower Credit rating can affect the amount and type of credit that companies are willing to give you, as well as the interest rates they are willing to lend to you at.
Interested in finding out more about your credit rating? Noddle gives you a free credit rating for life. Not only that but if you aren't happy with your credit rating and feel you would like some additional tips and advice, Noddle can give you hints and tips to improve your credit rating.
Selecting the right car
We appraise all of the dealerships that we work with to ensure that you, the customer, have the best experience possible. All of our approved dealerships are expected to meet and maintain high levels of customer service when both purchasing your new car and after sale. This means that there may be some dealerships that we recommend against using and as such will try to find an alternative car of the same spec to the one you have found.