Students and new drivers can get car finance with Zuto. Apply now or find out more.
Zuto is a credit broker, not a lender. Our rates start from 10.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £6,500 over 48 months with a representative APR of 19.9%, the amount payable would be £192 a month, with a total cost of credit of £2,712 and a total amount payable of £9,212.
Having a driving licence is one of the best freedoms in the world – all you need next is a car.
Zuto can help with car finance for students and young drivers alike. There are some particular challenges – like getting an agreement with bad credit and/or without a deposit – but we can help.
Car finance can be ideal for students who need a car but can’t afford one outright. By spreading the cost over monthly payments, we can help you find a deal you can afford.
The three most popular ways of keeping monthly payments down and spreading the cost are personal loans, Hire Purchase (HP) and Personal Contract Purchase (PCP).
There are some big advantages to getting car finance when you’re a student. It can help you get into a car that’s cheaper to insure, safer and more efficient than what you might be able to afford otherwise.
Fortunately, there are ways to get car finance if you’re a student. Zuto works with lenders that want to help students but there are ways of improving your chances too.
Before you sign up, there are some key things to think about.
A job can show lenders you have a constant, reliable income and can afford monthly repayments.
If you’re a full-time student, even working part-time can bring some income that you can use to make purchases, helping lenders trust you.
It’s a great idea to plan your monthly outgoings to work out how much you can afford. Add whatever incomings you have (student loan, part-time work) and subtract your outgoings.
In addition to what you already have in your budget, there are other things you’ll need to consider when you have a car:
You can get an initial idea of how much you could borrow with our car finance calculator.
Your credit score can show a lender how reliable you’ll be with repayments. Usually, the better your credit score, the better interest rates you’ll be offered.
There are some simple ways to improve your credit rating, like registering on the electoral roll, having a mobile phone contract in your name that’s paid on time, and even having a student credit card with a low limit.
If you have bad credit, you can still apply for car finance with us. You can also find out more in our guide, 15 easy ways to improve your credit score.
Our process is the same for every driver – whether you’re a student, a young driver, or someone with an excellent credit history and decades of driving experience. It only takes minutes to get a quote.
We can you help you every step of the way. Contact us for support and advice at any point.
We have a team on hand to help you with all things car finance – from helping you find a deal to choosing your car.