Buying a car that is affordable is different for everyone. Depending on your monthly income and your credit score, your affordability will differ from others. We run affordability checks on every application, and so will other lenders, to make sure that you are able to afford the monthly payments, alongside any other large outgoings you may have.
To help you understand why we do this, we’ve taken a look at what the word ‘affordable’ means, and what it means in car finance terms. We want to help you make an informed decision on what car to purchase and how much car finance you should ask for. After all, understanding your affordability and calculating what you can afford is the key to owning a car on finance.