Driving a car

Car finance if you're unemployed

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    Car finance made simple
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    All credit histories and circumstances considered

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 20.3%, the amount payable would be £193 a month, with a total cost of credit of £2,767 and a total amount payable of £9,267.

If you’re currently unemployed, coping without a car can be a real headache. If you need a car to look for work, or to do your job when you find one, then you may need to find a solution fast.

What if you can’t afford to pay for a car outright? Are there any lenders out there that offer car finance for the unemployed?

In short, yes. Car finance for unemployed drivers is available, if you know which lenders to speak to. All lenders will want to know that the person taking out the loan can afford to keep up repayments. If you’re unemployed with a good credit rating, having a guarantor could make your plans for buying a car a reality.

At Zuto, we approach a large panel of lenders to find you the most suitable arrangements for your circumstances. We’ll also help guide you through the process if there’s any evidence you need to provide, in order to get an approval.

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Can I get car finance with no employment history?

It is possible to get car finance with no employment history, although it may take a little longer. Anyone looking to secure car finance needs to be able to reassure a lender that they can keep up the repayments. Having employment – or an employment history – certainly helps. As long as you don’t have bad credit history too, with our experience, we can help you see if there are lenders out there who are happy to help. Car finance for the unemployed may be approved with the addition of a guarantor – someone with a good credit rating and most likely in employment, who will guarantee your repayments throughout the term.

Zuto deal with a large panel of lenders, who might be able to help with your situation, get in touch with our team and we can search our panel to see what options we may have available.

Can you offer guaranteed car finance for the unemployed?

Zuto are here to help you try and find a car finance deal if you’re unemployed – or even if you’re employed or self-employed – first thing you need to do is speak to us about your situation. Our team have a wealth of experience in creating tailored searches across our panel  of lenders, and finding car finance for unemployed drivers may be something we can help with.

Once we’ve got a clear idea of your background and the kind of deal you’re looking for, we should be able to give you advice on the best way to proceed, and could even begin the search there and then. Once that happens, if you’re approved, we’ll discuss the options available with you over the phone.

Unemployed with good credit

If you’re unemployed with good credit, then Zuto might be able to help you get car finance. Lenders just need to understand the borrowers’ personal circumstances, and whether you’re looking for unemployed, self-employed or a student car finance, we can search our large panel of lenders to find what options are available for you to hit the road.

Whist we do help drivers get car finance with bad credit too, if you don’t currently have employment then good credit is one of the very best ways to reassure a lender that you will be able to keep up the repayments throughout the term.

Even with a good credit history, your lender may still insist on a guarantor – someone with a good credit history and proven funds or employment, who can guarantee that the repayments will be kept up to date. 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. 


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