Frequently Asked Questions

What is car financing?

Car financing is a process where a lender provides you with the funds to purchase a vehicle. In return, you agree to repay the loan amount plus interest and associated fees over a set period. This allows you to acquire a car without paying the full price upfront.

How do I apply for car financing?

To apply, you can fill out our application form or call up one of our team on 0330 056 3556 to assist you through the form. You'll need to provide personal information such as your name, address, employment details, and income.

Can I finance a car with bad credit?

Yes, it is possible, but be prepared for higher interest rates and fees. Improving your credit score before applying can help secure better terms.

Do I need insurance to finance a car?

Yes, lenders typically require comprehensive and collision insurance to protect their investment in the vehicle. You may also need to carry gap insurance, which covers the difference between the car's value and the loan amount if the car is totalled or stolen.

What happens if I miss a car loan payment?

Missing a payment can incur late fees and negatively impact your credit score. Continued missed payments can lead to the lender repossessing the vehicle. It's important to communicate with the lender if you're facing financial difficulties.

Can I refinance my car loan?

Yes, refinancing involves taking out a new loan with different terms to pay off your existing car loan. It can be beneficial if you find a loan with a lower interest rate, leading to lower monthly payments or a shorter loan term.

4 Simple Steps

From Apply To Drive

1

Apply Online

Kickstart your journey with a hassle-free online application that takes just 60 seconds.

2

Get Decision

Receive a speedy financing decision so you can proceed with confidence and clarity.

3

Choose A Car

Select your dream car from a wide range of options, all at your fingertips.

4

Drive Away

Finalise the paperwork effortlessly and drive away in your new car with a smile.

Easy, right? Start your application

Rates from 9.9%. Representative 19.9% APR. The exact rate you will be offered will be based on your circumstances.

LUV CAR LOANS IS A BROKER, NOT A LENDER.

REPRESENTATIVE EXAMPLE:
(this is an example, not one rate for all)

Borrowing £7,500 over 4 years with a representative APR of 19.9% an annual interest rate of 19.9% (fixed) and a deposit of £0.00, the amount payable would be £221.44 per month, with a total cost of credit of £3,129.01 and a total amount payable of £10,629.01.
Luv Car Loans is a broker, not a lender. Our rates start from 9.9% APR, the rate you are offered will be based upon your individual circumstances. Lender fees may apply, this is an example only.

LUV Car Loans is a trading name of Luv Financial Solutions Ltd and is authorised and regulated by the Financial Conduct Authority for consumer credit FCA Firm Reference No. 631264.

LUV Financial Solutions:
11b Olympic Park, Olympic Way, Birchwood, Warrington, WA2 0YL

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way. All finance is subject to affordability, credit circumstance and terms.

We 'LUV' to Approve!

With cars starting from just £25 per week, we make it easy for you to own the car you've always wanted.

START YOUR CAR SEARCH NOW!

Apply for finance - get a decision - choose your car - DRIVE!

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