Car finance for the self-employed

Being self-employed has many merits. You manage your own time, your own hours and of course you are your own boss. However, it can be a little trickier to get everyday things over the line when you haven’t got a set income each month. Car finance is one of these things. It is worth bearing in mind that it is very achievable to obtain car finance, you just might need a few extra things to help secure your deal.

Read our tips on how to increase your chances of being accepted for car finance when you are self-employed…


Having proof of your income is a sure start to getting finance when you are self-employed. Whether you prove it through bank statements or paid invoices, having a paper trail of what you earn is helpful to show lenders you are more than capable of keeping up the repayments. 


Keeping hold of your contracts and being able to present them is another good way to boost your chances of being accepted for finance. This allows the lender to build your profile and further goes to show you are capable of making the finance payments each month.


Continuous employment records show you are not going to be flight risk to the finance company. If you are self-employed but have worked with the same contractors or businesses for a number of years, this will help you to secure a finance deal.

Electoral Register

If you’re not already, enrol on the electoral register. Surprisingly, this will help to boost your credit profile.

If you have any questions or want to find our more about getting finance when you are self-employed, get in touch with the team at Smallbone and Son. Our team of advisors will be on hand to help you find car finance in Birmingham.