How It Works

Eligibility and affordability

To apply for car finance, you have a couple of options. You can either submit an enquiry on a vehicle and go through the application with your account manager or get approved online in minutes by using our quick and simple Apply Now feature. Neither will harm your credit score, and once approved, if you provide all your paperwork on time, and the lender is happy, it should only take a few days to get your finance in place. Get preapproved with no impact on your credit score
How much credit you can get depends on how much you can afford and your credit history. The more you can afford to pay and the better your credit score, the more you can borrow. How much money can I borrow for a car?
No, you don’t need to make a deposit on any of our vehicles. While a deposit can be useful and will lower your monthly payments, it’s not a requirement, and we work with several lenders who don’t require one. You will have to pay £49.99 to reserve your car, which is a separate fee. Learn more about no deposit car finance
Like all finance agreements, you must be at least 18 years old to apply for car finance. If you’ve passed your driving test but aren’t yet 18, you need to wait until your next birthday to apply.
Usually, you have to live in the UK for at least three years to be accepted for car finance. However, some lenders offer products for foreign nationals or returning British citizens. To be accepted, specific criteria must be met, including having a tenancy agreement in place, full-time work and proof of identity.
There’s no set amount you need to earn to be accepted for car finance. When looking over your application, your finance company will decide based on your current incomings and outgoings to make sure your new car is affordable. How to qualify for a car loan with low income
When lenders are judging whether to accept someone for credit, income is part of the process but doesn't necessarily state whether you'll be accepted. Lenders will also look at your credit history and affordability, so if you have a low income but a good credit score you could still be approved if you pick a vehicle you can afford. How to qualify for a car loan with low income
When it comes to car finance, being on the electoral roll could boost your chances of being accepted. That’s because it’s an essential factor in determining your credit score. When you register to vote, your electoral details are also recorded on your credit report. By registering, your score will increase and therefore, so will your chances of getting credit. Register for the electoral roll
No, you don’t always need to be employed to take out car finance. If you’re not, you may be asked to prove you have a regular income to cover the cost of your agreement.
Some of our lending partners accept Disability Living Allowance as a form of income. It doesn’t matter if it is your only form of income or if you supplement it with part-time work, some lenders will accept it, and our team is happy to advise on your options. How much money can I borrow for a car?
How much your monthly payments depend on several criteria. The cost of the vehicle, any deposit you want to make, how many miles a year you drive and how long your contract lasts are all contributing factors. On top of that, your credit history also plays a role. Typically, the better your credit score, the less you’ll pay – as you’ll qualify for a lower interest rate. Our team can let you know in minutes exactly how much you’ll pay each month for the car you want. Get preapproved with no impact on your credit score
Some lenders will offer you deals if you have a provisional licence, which allows you to buy a car to learn in before you pass your test. However, most lenders do require a full licence.
You may be asked to prove your identity, address and income before being accepted for car finance. Each lender has different criteria, so it’s often lender dependent. Learn more about no deposit car finance
You don’t need any documents to hand before you apply. Using our quick and straightforward Apply Now online service, we just need a few details from you - such as your name, age and employment - and we’ll let you know in minutes whether you’ve been approved. Register for the electoral roll.
When you submit your application, we’ll quickly let you know whether you’ve been approved. If you have, you’ll receive an invite to our online vehicle portal, where you can browse and shortlist cars that have been tailored to your acceptance as well as monitor your application progress. Once you’ve found the car you want, we’ll get the finance put in place for you, send you over all the documentation and organise the delivery of your new car. How to qualify for a car loan with low income

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Representative Example of Credit

Based on a Hire Purchase (HP) agreement. We expect more than 51% of our customers to achieve this rate.

Loan amount




60 monthly payments


Deposit amount


Loan term

60 months

Flat rate


Total cost of credit


Total amount payable


All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.

Hippo Vehicle Solutions Limited t/a Hippo Finance is authorised and regulated by the Financial Conduct Authority. FRN 658076. Company number 06215364, registered company address – Unit 26, Trident Park, Trident Way, Blackburn, BB13NU. We are a Credit Broker not a Lender and can introduce you to a limited number of lenders. Subject to status and to UK residents only (excl. the Channel Islands). Individuals must be 18 or over. Guarantees and indemnities may be required. We typically receive a commission for introducing you to a lender, the commission we receive may be preset but can vary and impact the amount payable. Images for illustrative purposes only. Hippo Vehicle Solutions Limited t/a Hippo Finance is an Appointed Representative of AutoProtect (MBI) Limited for insurance distribution purposes. AutoProtect (MBI) Limited is authorised and regulated by the Financial Conduct Authority. Its firm reference number is 312143. You can check this at

* Only a soft check is carried out when you complete this finance check which won’t affect your credit score. However, if you choose to proceed and order a vehicle, a full credit check will be carried out.
** Delivery and collection times are dependent on your vehicle being ready when you place your order. If your vehicle is still being prepared then these times may be extended.
*** We offer you a 14 day money back guarantee, meaning you’re not stuck in the remainder of your contract, if you change your mind once you’ve signed your documents. But this is subject to a cancellation fee which is £600.

We endeavour to ensure that all information including the specifications and finance availability are accurate. Whilst we make every effort to display correct information we are aware that errors may occur occasionally. We are not able, therefore, to guarantee the accuracy of all information especially when given to us by third parties. If you do require clarification of some information you have seen on our website, please email us at [email protected]. This does not affect your statutory rights.

Our registered office is Unit 26 Trident Park, Trident Way, Blackburn, BB1 3NU.

When completing an application on this site we will automatically check your eligibility across a range of finance & leasing products to provide you with the best selection of options that we can. Below is a Representative Examples of our HP finance options for comparison, we expect more than 51% of customers to achieve the rates shown.

Representative Example Of Credit (Hire Purchase)
Hire Purchase (HP) Finance Example: Cash Price £12,480.00 Total Deposit £1,140.00. Total Amount of Credit £11,340.00. 60 monthly repayments of £284.50. Interest Charges of £5,730.00 Total Amount Payable £18,309.00. Annual Fixed Interest Rate of 11.1%. Representative APR 18.9%.