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What are the basic eligibility criteria for car finance in the UK?

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Can you get car finance with an IVA?

If you currently have an active IVA, securing car finance can be more difficult, but not impossible.

What proof of income do I need to provide for car finance?

Most lenders will require you to provide proof of income, usually from a recent payslip or bank statement. If you are self-employed they may also ask for a tax return.

Is there a minimum income requirement for car finance?

Yes, most lenders impose a minimum income requirement for car finance to ensure applicants can afford the monthly repayments, usually between £1000 to £1500 per month after tax.

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