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Frequently Asked Questions

How much does an application for a car finance cost?

  • This is a free service, there is no charge for a loans2drive application.

Where do I have to buy my car?

  • A loans2drive approval allows you to purchase your car from a dealer of your choice. This ensures you have complete flexibility and choice.

What if I have trouble finding a car?

  • Loans2drive do not sell cars, however we can help by contacting our list of preferred car suppliers. We establish which type of car you prefer and search our approved garages, local to you, and find your ideal car.

What happens next to my application for car finance?

  • Loans2drive forward your application for car finance to our panel of lenders and they assess your application.

How do they assess the application?

  • The lenders search your credit file using a number of credit reference agencies. They will use the information supplied by the agencies to base a decision on your car finance application.

How much can I borrow for car finance?

  • When your car finance is approved loans2drive will contact you to confirm how much your credit limit will be.

When will I know how much I can borrow?

  • When your car finance is approved loans2drive will contact you to confirm how much your credit limit will be.

What is a credit limit?

  • This is simply the maximum limit, or amount of money you can use to purchase your new car.

How much will my repayments be on my car finance?

  • The car finance repayments are determined by your individual credit circumstances, the amount of your car finance and the repayment period of your car finance.

Will I need a deposit for my car finance?

  • Many loans2drive plans do not require any deposit.

When will my car finance repayments start?

  • Loans2drive offer the flexibility to allow your first car finance repayment to be made up to 45 days after delivery of your car.

When are the car finance payments taken?

  • Loans2drive plans offer a weekly or monthly repayment schedule to suit your own circumstances.

What happens if I want to change my car before my car finance is finished?

  • Simple. You can change your car anytime during your car finance period. Loans2drive can arrange for a settlement figure on your existing finance to be supplied. This will show how much is left on your car finance. Loans2drive could also arrange for replacement finance to buy your next car.