Car finance advice for new drivers

If you’re a young driver and looking to buy your first car it can be an exciting time, but there are a few things you need to be aware of first…

Old enough to drive a car but not buy one?

You may be able to sit and pass your driving test at the age of 17, but you need to be 18 to get car finance. It might be wiser to wait until your 18th than be tempted to buy an older, cheaper, private sale vehicle as older cars obviously often come with their own issues, will need an MOT and can cost you more in the long run.

Don’t forget what’s up front

Car finance also requires a deposit and this can affect the terms of your car finance deal. It’s worth saving as big a deposit as you can comfortably afford and a good idea to boost this as much as you can while you shop around for the best deal.

Check your credit score

As a younger person, your credit history will be quite small, it may even be non-existant! Check your credit history – Click here to find out how you can check your credit rating – and also take a look at our useful tips on boosting your credit rating here.

Is a gaurantor loan for you?

A guarantor loan is one that is covered by a friend or relative. They’ll need to have a good credit rating to be accepted but this can be an option if you find, due to your age and relatively short credit history, you are unable to get accepted for car finance or get a deal that’s right for you.

At Match Me Car Finance, you can get a no-obligation quote without impacting your credit score.

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Contact

Match Me Car Finance

The Royals
353 Altrincham Road
Manchester
England
M22 4BJ

0330 058 4616

enquiries@matchmecarfinance.co.uk

Opening Hours

Monday to Thursday : 9am -7pm
Friday : 9am – 5pm
Saturday : 9am – 5pm
Sunday : 10:30am – 3:30pm


If you would prefer to speak with one of our Finance Executives before making an application, please don’t hesitate to call or request a call back. Thank you for visiting, we hope to see you again soon!

Match Me Car Finance Ltd (Company No. 11224794) T/A Match Me Car Finance is authorised and regulated by the Financial Conduct Authority (FRN No. 803714).

We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider for the introduction if you decide to enter into an agreement with them. The nature of this commission is as follows: we receive a fixed fee commission per finance agreement entered into, or we receive a commission based on a percentage of the total amount of finance taken. We will disclose the amount of any commission we will receive and gain your explicit consent before the agreement is entered into. Our service is entirely free to our customers. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.


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