Take charge of your car finance

On a typical Hire Purchase agreement, the lender will own the car up until the payments are complete and paid in full. This means you won’t be able to sell the car, without completing the agreement. With a personal loan, you will own the vehicle from the date of purchase, as the agreement isn’t tied to the car.

No, Drivenfi doesn’t directly charge you any fees. Any charges incurred for arranging your agreement is covered by the lender. That way we can give you the best agreement to suit you.

All lending is subject to status checks, and an affordability assessment. The better your credit rating, the more chance you will be accepted for car finance.

When applying for finance it is important to understand exactly what you can afford, and factor in the monthly payments alongside other running costs such as fuel, insurance, tax, and maintenance.

Applying for car finance with Drivenfi will not affect your credit score. We will conduct a ‘soft’ credit check which may appear on your credit report but will not affect your credit score. A hard credit check will appear on your credit report, but this is only if you decide to move forward with the finance application.

To be eligible for car finance with Drivenfi, you must have at least three years of address history in the UK and be over the age of 18.

You can get a decision within minutes with Drivenfi. Either submit your application on-line, request a call back or call and speak to your dedicated Auto Expert and if you are approved, they will go through the next steps of the process and confirm any further details required.

If you already know the amount you want to borrow or have found a car, its time to apply. To begin, fill in our online application form. The form will request your personal details, employment status, monthly income and the information on the vehicle you would like to finance. Following the quotation should you wish to proceed we would then require proof of income and address and photo ID (driving licence).

You can purchase a car from many UK approved dealers or better yet through one of our dealer group partners such as Stratstone, Evans Holshaw and JCT 600. We have over 20,000 cars that you can view and choose from. Once you have found a car, you can speak to your dedicated Auto Expert at Drivenfi to share the details with them. Alternatively, if you have not yet found a car, your dedicated Auto Expert can help you find the right car for you.

APR or Annual Percentage Rate is the overall cost of borrowing money. This includes interest, administration fees and any arrangement charges.

Yes, you can repay your car finance early by paying the settlement figure. The settlement figure is the amount you need to pay to end your finance agreement, it includes any outstanding finance, minus any future interest that you would not need to pay. Settling your finance early could save you money. To settle early, you would need to contact the lender to request a settlement figure and check if there are any early settlement fees to pay.