kerry267 Posted April 19, 2013 Report Share Posted April 19, 2013 I was reading on a previous thread about applying for a mortgage with no credit history and how that its about affordability rather than credit history. Does the same apply for car finance and mobile phone contracts? Is a work contract sufficient to prove you can afford to pay? We have a hire car for the first 2 weeks but will need to get our own car asap. Any advice would be appreciated! Quote Link to comment Share on other sites More sharing options...
jonandsarah Posted April 19, 2013 Report Share Posted April 19, 2013 iam not sure thankfully we are bring enough with us to get a car outright Quote Link to comment Share on other sites More sharing options...
Maxg Posted April 21, 2013 Report Share Posted April 21, 2013 Yes, a contract of employment will be fine, the contract will have to show what hours you do and what your hourly rate is. They will take into consideration the cost of a family 4 (if that's your family make up) to live out here and if you don't earn enough you won't get the finance. You will also need bank statements with a healthy balance and be able to put a third of the value of the car down as a deposit. We just got our car last week on finance and it takes a bit of work but it can be done. Quote Link to comment Share on other sites More sharing options...
kerry267 Posted April 21, 2013 Author Report Share Posted April 21, 2013 Thanks, that's great. Its good to know it can be done! I can get together some information in advance now. Quote Link to comment Share on other sites More sharing options...
kerry267 Posted April 21, 2013 Author Report Share Posted April 21, 2013 Btw do the car garages tend to do finance deals or is it all dealt with through the bank? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.