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

Representative APR: 22.9%. We act as a broker, not a lender. The exact rate you will be offered will be based on your circumstances.

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

Borrowing £8,800 over 5 years with a representative APR of 22.9% an annual interest rate of 22.9% (fixed) and a deposit of £0.00, the amount payable would be £237.07 per month, with a total cost of credit of £5,424.20 and a total amount payable of £14,224.20.
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 Numero Group Limited. Registered in England and Wales | Company Registration No. 16464424 Registered Office: White Collar Factory, 1 Old Street Yard, London, EC1Y 2AS   Numero Group Limited is an Appointed Representative of Intelligent Lending Limited under registration number 1037660 Intelligent Lending Limited are authorised and regulated by the Financial Conduct Authority under registration number 310069

We work with a panel of lenders and are only able to offer you car finance products from those lenders. We don’t charge a fee for our service but we do earn a commission. This will not impact the rate, amount or acceptance you are provided and is a fixed payment (however it can vary by lender). You have the right to request further information on this commission at any time.
Lenders may charge you additional acceptance and/or option fees which may vary by lender.

All finance is subject to status, terms and conditions apply. Applicants must be 18 or over. Guarantees / indemnities may be required.
All Rights Reserved. Information Commissioners Office (ICO) – ZB933520

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.

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