Zuto is a credit broker, not a lender. Our rates start from 8.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £8,000 over 48 months with a representative APR of 21.2% the amount payable would be £241 a month, with a total cost of credit of £3,559 and a total amount payable of £11,559.
At Zuto, we assess each car finance application on an individual basis depending on your personal circumstances. Because being on benefits means you have some sort of income, our panel of lenders takes this into account.
We like to help people find car finance whatever their situation, so here are a couple of key things to think about:
Zuto helps people on many types of benefits find car finance. Benefits are seen as your income, with commonly accepted types including:
Universal credit is a benefit provided to low income households to support standard living costs. It is paid monthly and the amount you receive depends on how much you earn.
At Zuto, we take your personal circumstances into account, on an individual basis, to find you the right lender and car finance solution.
We often help people who are on benefits find affordable car finance. However, it’s not always so straightforward, and the following factors could negatively impact your application:
If any of these apply to you, it’s still a good idea to get in touch with us to see if we can help. Apply with no impact on your credit score, and we’ll let you know if you’re eligible for pre-approved car finance.
While it can be difficult to get car loans for bad credit on benefits, it’s far from impossible. To improve your chances of qualifying for hire purchase finance or a PCP loan, we work with a broad panel of lenders.
If you have any questions about the process, please contact us to talk to one of our team about your circumstances.
If you’re applying for car finance on benefits, it’s important get in touch with our team of experts to find out what we can do for you:
If you’re approved, we’ll discuss your available options.