Provisional Licence Finance
Do you want to finance your car but have not yet passed your driving test?
our team here at LMC are happy to help. Applying for car finance with no driving experience under your belt may be complicated, but it’s not impossible. With the right guidance and help, you can get affordable provisional licence car finance to offset your buying costs.
Can I get car finance with a provisional licence?
Yes, you can secure car finance with a provisional licence in the UK as long as you can legally drive the car you’re buying. Lenders usually have more strict terms when financing provisional licences, but you can secure a good deal for your vehicle. For example, you may have a borrowing limit, and you may have to apply for car finance with a guarantor.
A guarantor is somebody who agrees to cover your vehicle loan if you fall behind on payments, giving lenders the reassurance they need. A great alternative to a guarantor is a joint application where you apply for joint vehicle finance with someone living at the same address. Both options increase your chances of getting car finance with a provisional licence.
What's the minimum age?
The minimum age for applying for your first provisional driving licence is 15 years and 9 months old. However, you can only start driving a car when you’re 17. When driving with a provisional licence, an individual aged over 21 with a full driving licence for at least 3 years must accompany you.
Do you need a guarantor?
You don’t need a guarantor to apply for provisional licence car finance, but having one increases your chances of eligibility.
What documents do you need?
When applying for provisional licence car finance, you’re required to provide your provisional licence, proof of income and proof of address.
Contact us today to learn more about provisional licence car finance.