Have you recently retired and don't want the financial burden of purchasing a car outright? A car finance deal might be more suited to you. You don't have to worry about saving up for a lump sum or being restricted by cost in your shopping choices, and you get to switch up the model more regularly.
Of course!
With more time at your disposal, you’ll get the chance to relish the joys that a car can bring. Whether it’s completing errands in style or exploring further afield in a vehicle you can trust, financing means you can enjoy the benefits of a reliable vehicle without the burden of an upfront payment that could strain your retirement funds. You’ll have the freedom to drive without worrying about the large, one-time expense that can often be an obstacle for retirees.
When seeking car finance, your pension or other sources of retirement income will be considered as part of your monthly income. This means you can still qualify for car finance even if you’re no longer working. We understand that retirees have steady, reliable income from pensions, annuities, or savings, and they will work with you to find a suitable plan.
Even if you have a limited or modest credit history, it’s important to know that car finance for retirees is still a possibility.
Working with a finance company that will look beyond credit scores, like us, we focus on your overall financial situation, including the affordability of the monthly payments based on your monthly income. Our team is here to help you navigate the options and ensure you find the best deal for your needs, helping you to stay within your budget.
Whether you’re looking for a low deposit option, flexible terms, or a manageable monthly payment, we’re committed to working with you to find a solution that fits your financial situation.
Apply online today to explore the best car finance options available for retirees, and get the freedom and convenience of car ownership without compromise.
Here at Concept Car Credit, you don’t have to worry about credit history, a high interest rate, or lack of choice. Our showroom includes makes and models from all of your favourite manufacturers, so you can get something fit for the grandkids, or a car big enough for you and your adventures.
From personal contract purchase (PCP) to hire purchase (HP), we work with the top-rated lenders in the area to organise affordable monthly payments on a car of your choosing. Plus, with flexible terms and no upfront deposit in some cases, we make it easy for you to drive away with confidence.
For a car finance agreement that suits your needs and budget, visit a company that puts you first – like us!
Concept Car Credit is a finance broker that puts you in the driver’s seat – literally – at an affordable price with flexible rates.
Apply online today or give us a call to organise an in-person meeting to discuss the best agreement for you (and to test drive some of your favourite models, of course).
Brand new cars have their perks, but they’re not all they’re cracked up to be.
A new car usually requires a larger deposit and comes with higher monthly payments compared to a used car. However, it offers the latest features, warranties, and less worry about immediate repairs. On the other hand, a used car can be more affordable upfront, often with lower monthly payments, but it may have more wear and tear. The right choice depends on your budget, needs, and whether you value the latest model or prefer to save on costs.
If credit rating is on your mind and credit reference agencies (CRAs) are on your case, it’s not too late to give your current credit score a boost.
With monthly payments for a car, you can prove you’re able to not only afford finance payments, but you can make them on time and in full, building trust for any future personal loans.
Other ways of improving your credit rating include reducing outstanding debt, keeping credit utilisation low, and avoiding applying for too much credit in one go. This will keep your credit report neat and tidy, and reflective of your finances.
As long as you are over 21, have a valid UK or European driving license, and have been a UK resident for the past three years, you can submit a car finance application.
Here at Concept Car Credit, we don’t focus on credit scores. However, we do carry out a credit search as a formality before we confirm your finance deal. Your eligibility depends on overall personal circumstances, so don’t hesitate to get in touch with our team – we’re more than happy to answer any of your questions.
Applying today doesn't impact your credit. Concept Car Credit is a credit broker, not a lender.
