Voted Best Answer
Oct 06, 2019 - 11:14 PM
Hi there
Seeing as you already have a good credit record and a secured employment contract, your chances to get finance are better than most other young graduates would have. However, if these conditions are enough to obtain a car loan (which are slim to begin with), you'll probably be faced with a high interest rate and finance charges. In general, auto loans aren't granted unless the applicant has been in full-time employment for at least 6 months, so you probably shouldn't get your hopes up too high about obtaining car finance from the outset. Rather use those 6 months to save up for a larger deposit, which will bring down your payments or the payment period, when you do get finance.
Hope this helps!
The AskAutoTrader Team
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