Can you get car finance with a disability?

Can you get car finance with a disability? 

We understand that having access to reliable transportation is crucial for everyone, regardless of their circumstances. If you're living with a disability and looking into car finance for disabled individuals to give you independence in your daily life, we're here to help! Explore the possibilities, so you can understand how disability car finance is accessible to you as a disabled driver. 

Traditional lending criteria might not always fully reflect the financial situations of individuals receiving disability benefits. That's why we take a balanced view and consider several factors to find the best solution for you when looking for car finance on disability benefits.

Car finance and disability benefits

Car finance spreads the cost of a vehicle through manageable monthly payments. Instead of paying the full amount upfront, you borrow funds from a lender and repay with interest. This makes owning a car more achievable, even when you are looking at a car on disability allowance.

When it comes to disability benefits, it's important to understand how lenders might view them. 

Regular and reliable disability benefits, such as Personal Independence Payment (PIP) and Disability Living Allowance (DLA), can be considered as a form of income and need to be outlined on your car finance application. These benefits can be a positive contribution to the affordability of paying for a car. Lenders look for a steady and consistent source of funds so they know that you can meet monthly repayments.

Can I get car finance on disability benefits?

Yes! While your disability benefit income is a significant factor when asking the question, "Can I get car finance on disability benefits?", lenders will consider other aspects of your finances. Think about things like your credit history, the affordability of the vehicle, and any other sources of income you may have. The most important thing is that your monthly payments fit comfortably into your budget.

At First Response Finance, we know how to help people who have a variety of income streams, including disability benefits. While we need to understand your full financial picture, we look beyond traditional credit scores because this can be quite restrictive.

Understanding disability benefits for your car finance application 

Personal Independence Payment (PIP)

The regular PIP payments you receive can be considered a reliable source of income when assessing your ability to afford car finance PIP repayments. If you're wondering, "Can I get car finance on PIP?", the answer is often yes, as it demonstrates a regular income. 

Disability Living Allowance (DLA)

Similar to PIP, DLA can be considered as part of your income assessment if this is a long-term, recurring payment you receive. This is relevant for car finance for Disability Living Allowance and car finance on DLA applications.

Mobility allowance

This allowance is specifically designed to help with transportation needs and is often viewed positively by lenders as a consistent income stream. PIP Motability car rules are specific, in that the car must only be used for the benefit of the disabled person, but your mobility allowance itself can still be considered for standard car finance.

What other factors affect car finance for disabled applicants?

• Income and employment status: if you have additional income from part-time work, pensions, or other sources, this will benefit your application.
• Credit score and history: yes, your past borrowing and repayment behaviour is still a factor. Things such as late or missed repayments can stay on your credit report for up to seven years. However, we aim to help those who may have a less-than-perfect credit history but still want to borrow. We look at the bigger picture when considering your eligibility for disability car finance!
• Existing debts: your car finance repayments, whether applying with PIP car finance or other income, need to be manageable alongside existing financial commitments. Weighing up your total income versus outgoings will determine what you can afford.
• Proof of address: this is a standard requirement to verify who you are and where you reside.
• The vehicle in question: the kind of information that can influence the lending decision includes the age, mileage, and value of the car you are looking to finance, whether you are exploring car finance on DLA or PIP.

Can First Response Finance help me with disability car finance while I'm on disability benefits?

Yes, we can help. We have over 20 years of experience in providing car finance solutions to a diverse range of customers, including those whose core income comes from disability benefits. Everyone's situation is unique, and we are committed to treating each application individually. Why not find out why so many customers trust us?

We don't believe that receiving disability benefits should automatically prevent you from accessing the car finance you need. Our team will take time to understand your circumstances and assess your application fairly by considering your regular benefit income alongside other relevant factors.

Steps for applying for disability car finance

To make your application as smooth as possible, here are steps you can take:

• Gather evidence: make sure you have up-to-date documentation confirming the types of disability benefits you receive and the amounts you receive.
• Be realistic: use our free and easy-to-use car finance calculator to get an idea of potential monthly repayments based on different loan amounts and their terms. This will help you understand what is affordable when considering your car finance on disability allowance.
• Provide accurate information: when filling out your application, be honest and provide all the correct details about your income, benefits, and finances.
• Have you considered a joint applicant? You may not always need one, but if you do, is there a partner or family member you live with that has a strong credit history who is willing to act as a joint applicant? This could strengthen your application. 

Ready to explore your disability car finance options?

Don't let uncertainty about your disability benefits hold you back. We're here to listen and help you find a solution that works for you and your needs when considering car finance for disabled individuals.

Why not take the first step today? Use our car finance calculator to get an idea of what might be possible for you. It's quick, simple, and won't impact your credit score. And then when you're ready, a no-obligation quote from our team is just a few clicks away.