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FAQs - Am I eligible?
Can I apply for car finance with low income?
Friday, 04 September 2020
Yes you can apply for car finance with a low income. As long as your monthly income totals £1,000 after tax (see what sources of income we accept).
If you are concerned that your monthly income might not quite be enough, you could always consider making a joint application for car finance. This means you can apply with either a spouse, partner, civil partner, son, daughter, or sibling. Both your names would be on the agreement and we would take both incomes into account. Both of your monthly incomes for a joint application must total £1,300 after tax.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
