Guaranteed Car Finance FAQ

What is the cost?
There is no cost to fill out an application. There is no risk or cost to you.

What if I have a really bad credit history?
If your credit is at the point where we cannot get you approved, we will do our best to tell you what you need to do in order to help you obtain credit in the future.

What do you do with my application?
When we receive your application we review it and evaluate which lender is most likely to extend you credit in your personal situation.  We also look at which of these lenders will give you the best deal.

What if I have been tuned down for Car Finance before?
If you have been turned down before for car finance do not despair.  We may have many lenders that will deal with your situation sympathetically and we do all we can to get your car finance application approved.

Will this Car Finance application affect my credit rating?
Every time you apply for credit or a loan it affects your credit rating.  The way we protect your credit rating is not sending your application to multiple lenders.

How much credit will I qualify for?
Once you send in your car finance/credit application we can determine what amount you can qualify for and inform you accordingly.

How much deposit will I need for the car?
That will depend on what you would like your payment to be.  The larger your deposit on the vehicle, the less your monthly payment will be.

Can I use a trade in vehicle as my deposit?
Yes you can.

I've never had credit before.  Will I still qualify for a car loan?
In many cases people have been qualified for financing even though they have not yet established any credit.

What will the monthly payment be for the car?
Your monthly payment will depend on many different factors; price of car purchased, interest rate, length of loan and how much deposit is put down on the car.

What are the interest rates?
The respective lender will determine what the interest payable on the car loan will be when a credit application has been submitted and approved.

Privacy / Personal information
Northumbria Car Sales do not share your personal information with anybody without your prior consent.