Self-employed car finance

Our finance options cover the complexities of being self-employed. Apply without affecting your credit score and get an online decision within minutes.

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 £5,500 over 48 months with a representative APR of 19.8%, the amount payable would be £163 a month, with a total cost of credit of £2,283 and a total amount payable of £7,783.

signing for new car

Running your own business can be very rewarding, giving you the freedom to work your own hours and expand your career on your own terms. When you’re self-employed there can be a few extra complexities – including getting access to financial services like car finance.

If you’re self-employed, car finance doesn’t need to be a challenge. We have relationships with a large panel of lenders who understand the unique qualities of self-employed work or running your own business, and there are some who are happy to help drivers like you secure the car loan you need to get out on the road.

Finding the right car finance may even be an essential part of growing your business, so Zuto is here to help you get it right. We’ll do our best to find you a car finance deal that suits your working situation and personal circumstances. 

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See how much you could borrow

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 £5,500 over 48 months with a representative APR of 19.8%, the amount payable would be £163 a month, with a total cost of credit of £2,283 and a total amount payable of £7,783.

Car Finance for self-employed drivers

The great news if you run your own business is that car finance for self-employed drivers is readily available. Today, lenders understand individuals who are self-employed and that there are many different ways of proving your earnings.

If you work for yourself and would like to know what your options are for getting a self-employed car loan, just get in touch with our team. We have lots of experience helping self-employed drivers opening opportunities for all kinds of car finance, from Hire Purchase to Personal Contract Purchase.

Do I need to prove my income for car finance if I'm self-employed?

Most lenders want to see proof of earnings, whether you’re employed, self-employed or living on benefits. Not being able to prove how much you earn doesn’t make it impossible to find self-employed car finance, but it will be easier if you have the right paperwork. Don’t worry if you’re not sure exactly what you need to gather together though, as we’re here to guide you through that.

There are several different kinds of self-employed status, and which is the best way to prove your earnings may differ depending on which category you fall into. We may require bank statements, accounts or tax returns and some lenders may be able to electronically verify your income.

If you’re worried about being accepted or aren’t sure if you have the proof required, you can apply without impacting your credit score (if you’re approved and decide to proceed with your finance offer, a hard search will be carried out but your consent will be gained beforehand). One of our team will be able to help you with any questions you have. We have lots of experience dealing with our panel of lenders who are happy to offer self-employed car finance to people like you. Once we know more about your situation and the kind of deal you’re looking for, we’ll be able to advise you on the proof of earnings you should provide and begin your search.

Being self-employed with bad credit

Being self-employed with bad credit shouldn’t stop you from finding self-employed car finance. It’s also worth remembering that whatever kind of credit score you have, there could be some easy things you can do to improve it. We regularly work with our panel of lenders who will approve finance for people who are self-employed and have bad credit such as defaults or CCJs (County Court Judgements). We also have lenders who help self-employed drivers who haven’t had a chance to build up a credit history. If you’re young and newly self-employed, you won’t have years of reliable credit card repayments to boost your credit history. If so, putting yourself on the electoral register is a simple way to give your credit score a boost. You could also consider finding a guarantor for your car finance, which might open up more options. Most guarantors are family members, like parents, who know you well and will vouch for your ability to pay.

Whatever your situation, the Zuto team have lots of experience in finding car finance for self-employed drivers with bad credit. Just get in touch and we’ll see how we can help.

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