Finance if you are a single parent

Nov 16, 2020 | News From LMC | 0 comments

If you are a single parent and looking for car finance, we have the answers to your questions and the info you need to apply for car finance. 

When you are looking for your next car, there may be different things to consider as a single parent, and you might be thinking more about boot space than your own personal space. Having said that, if you are looking for car finance then the fundamentals are still the same, whether you are a single parent, not a parent, a grandparent or a pet parent. 

With car finance, there are different things that lenders consider when they are looking at a potential client. They will take into consideration your earnings and credit score, to determine if you will be able to pay the sum back over the agreed period of time. 

Being a single parent should not come into this. If you can afford the repayments and your file looks good to go, you should not run into any issues when looking for car finance. 

That is not to say that a bump in the road means the end of your car finance journey, many lenders look at applications carefully and work in bad credit car finance, which could open up more opportunities to get into that new car.

Applying for car finance should be easy, but we know that it’s not always the case. At LMC, we work hard to make sure you are in the know and at ease throughout the finance and car-buying journey. If you would like to find out more or if you have any questions, please get in touch with a member of the team who will be happy to help you.