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Non Resident car finance

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Sorley
Sorley Posts: 1 Newbie
edited 21 May 2018 at 6:21PM in Loans
Hello,

So I moved to UK in September 2017 and I'm thinking about getting a car here. Do you know any "car finance providers" that would agree financing 10K car with decent APR?

Car value: around 10 000
Loan Time: 24 or 36 months

Work: Full time (IT, 50K annually)
Driving Licence: EU since 2005 (I can get UK if needed)
Age: 31
In UK: since 09.2017
Nationality: Polish

Thanks!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Try an eligibility checker for a personal loans a guide. A 'decent APR' will mean different things for different people.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Or buy a cheaper car and run that for a year or 2. I am not sure what the attraction in spending £10,000 of money you dont have to buy a car, as you can get a decent car for a lot less.

    If your on £50K then you should be able to save up a good deposit for a car and borrow a bit less in the mean time.
  • bazzyb
    bazzyb Posts: 1,586 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sorley wrote: »

    So I moved to UK in September 2017 and I'm thinking about getting a car here. Do you know any "car finance providers" that would agree financing 10K car with decent APR?

    No. I don't know of any who would do it even with a high APR (other than guarantor loans).

    Almost all lenders will want 3 years in the UK, there are very very few who will do it with 1 year in the UK but I am not aware of any who will do it with 7 or 8 months in the UK.
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    Buy a cheap runaround with your first month's wages.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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