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  Frequently Asked Questions

How much does an application for car finance cost?
Where do I have to buy my car?
What if I have trouble finding a car?
What happens next to my application for a car finance?
How do they assess the application?
How much can I borrow for a car finance?
When will I know how much I can borrow?
What is a credit limit?
How much will my repayments be on my car finance?
Will I need a deposit for my car finance?
When will my car finance repayments start?
When are the car finance payments taken?
I was made redundant last year. What happens to my car finance if this happens again?
What happens if I want to change my car before my car finance is finished?


How much does an application for a car finance cost?
This is a free service, there is no charge for a Cashdrive application.

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Where do I have to buy my car?
Cashdrive allows you to purchase your car from a dealer of your choice. This ensures you have complete flexibility and choice.

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What if I have trouble finding a car?
Cashdrive can help by contacting our list of preferred car suppliers. Cashdrive establish which type of car you prefer and search our approved garages, local to you, and find your ideal car.

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What happens next to my application for car finance?
Cashdrive forward your application for car finance to our panel of lenders and they assess your application.

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How do they assess the application?
The lenders search your credit file using a number of credit reference agencies. The lenders use the information supplied by the agencies to make a decision on your car finance application.

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How much can I borrow for car finance?
The amount of money you can borrow is based on your overall income.

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When will I know how much I can borrow?
When your car finance is approved Cashdrive will contact you to confirm how much your credit limit will be.

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What is a credit limit?
This is simply the maximum limit, or amount of money you can borrow for a car finance.

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How much will my repayments be on my car finance?
The car finance repayments are determined by your individual credit file, the amount of your car finance and the repayment period of your car finance.

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Will I need a deposit for my car finance?
No. There are many plans available where you do not require a deposit..

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When will my car finance repayments start?
Cashdrive offer the flexibility to allow your first car finance repayment to be up to 45 days after delivery of your car.

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When are the car finance payments taken?
Cashdrive offer a weekly or monthly repayment schedule to suit your own situation.

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I was made redundant last year. What happens to my car finance if this happens again?
Cashdrive can supply a range of products that can assist in making you repayments in the event of, job loss, illness, accidents and life cover.

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What happens if I want to change my car before my car finance is finished?
Simple. You can change your car during your car finance period. Cashdrive can arrange for a settlement figure on your existing finance to be supplied. This will show how much is left on your car finance. Cashdrive will also arrange for new finance to buy the new car.

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