Driving a car

Unemployed car finance

If you’re unemployed and worried you can’t afford a car, Zuto can help. We work with lenders that offer car finance for people out of work.

Zuto is a credit broker, not a lender. Our rates start from 9.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £7,000 over 48 months with a representative APR of 19.3%, the amount payable would be £205 a month, with a total cost of credit of £2,831 and a total amount payable of £9,831.

If you don’t have a job, you can still get a car on finance

If you’re unemployed, coping without a car can be a headache. You might need a car to look for work or to do the job itself, and you might not be able to afford a car outright.

The good news is there are lenders who might be able to help – but getting car finance while unemployed can be difficult.

All lenders need reassurance that the person taking out the loan can afford to keep up repayments, so having a good credit rating and a guarantor could help you secure a loan.

At Zuto, we approach a large panel of lenders to find you the most suitable arrangements for your circumstances. We’re also on hand to help you through the process, such as supporting you with any extra documentation you might need to provide to get an approval.

You can apply for a quote now – without any impact on your credit score – to see what’s possible.

Car finance calculator

See how much you can borrow

Can I get car finance with no employment history?

It is possible to get a car loan without an employment history, but it may take a little longer.

Anyone looking to secure car finance needs to be able to reassure a lender they can keep up with the repayments. Having employment – or an employment history – certainly helps.

As long as you don’t have bad credit history too, we can see if there are lenders out there who can help. Car finance for the unemployed may be approved with the addition of a guarantor. This is someone with a good credit rating and most likely in employment, who will guarantee your repayments throughout the term.

What impact does a credit score have?

Reviewing your credit history allows a lender to understand how you’ve managed credit in the past. If you’re unemployed with a good credit history, Zuto is more likely to be able to help you get a car loan.

We do help drivers get car finance with bad credit, too, but having a good credit history is one of the better ways to reassure a lender you will be able to keep up repayments.

You can read our guide on how to improve your credit score for advice.

What is a guarantor and how can they help?

Even with a good credit history, your lender may insist on a guarantor.

A guarantor is someone who acts as a safety net. They usually need a good credit rating and proven funds or employment. If you miss a payment during the term, the responsibility to pay falls to them.

Having a guarantor is very useful if you are unemployed and without a good credit rating. If you have any questions or aren’t sure who might act as a guarantor for you, get in touch with our team. We’ll be happy to answer any questions you have. 

How Zuto can help

Zuto works with a large panel of lenders, who might be able to help with your situation.

  • Speak to us about your situation over the phone.
  • Our team can discuss with you the best way to proceed.
  • We can run a search across our panel of lenders.
  • If you’re approved, we’ll discuss your available options.

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