Representative Example: Cash price £11,500. Deposit £0. Total amount of credit £11,500. Borrowing £11,500 over 60 months at a fixed annual interest rate of 12.0%, with an initial payment of £505.50 (including a £199 admin fee), followed by 58 monthly payments of £306.50 and a final payment of £505.50 (including a £199 option to purchase fee).
Total amount repayable £18,788. Representative 23.6% APR.
The Admin Fee is a £199 fee that helps cover the costs of setting up your finance agreement. It covers things like preparing your agreement documents, carrying out credit and identity checks, and arranging payment to the broker. This fee is paid at the same time as your first payment, and it isn't refundable. It's separate from your deposit and from any other charges on your agreement.
The Optional Purchase Fee is a £199 fee you only pay if you decide to buy the car at the end of your finance agreement. You don't have to buy the car, that's entirely your choice. If you choose to hand the car back instead, you won't pay this fee. If you decide to keep the car, you'll need to pay the £199 Optional Purchase Fee, usually along with your final payment, to transfer legal ownership of the vehicle to you. This fee covers the cost of finalising your agreement and removing our interest in the vehicle. It's separate from your deposit and from any other charges on your agreement.
The amount shown is an illustration of a typical monthly payment based on the Representative APR. These figures are for guidance only; the actual payments and rate you're offered will depend on your individual circumstances and are not guaranteed. Please see below for details of how your first and final payments may be different.
Starting Your Car Ownership Journey
Starting your car ownership journey is exciting — but it can feel overwhelming when it’s your first time applying for finance. The good news is that even without previous finance history, first-time drivers in the UK can get car finance. Understanding how lenders assess applications, what documents you’ll need, and which finance options work best for new drivers can make the process far more straightforward.
At AutoMoney Trust, we specialise in helping first-time drivers secure the right finance and get on the road with confidence. This introduction will walk you through the essentials and show how AutoMoney Trust supports you every step of the way.
Yes, first-time drivers can apply for car finance, even if you don’t have a previous borrowing history. While you might not have a high credit score or any credit score at all, many lenders (including our partners at Automoney Trust) are open to working with first-time buyers.
It’s all about showing that you can afford the monthly payments and providing the right documents to support your application.
As a first-time driver, you’ll typically have access to the following finance types:
To apply, you’ll need to meet a few basic requirements:
Good to know: You don’t need a perfect credit score, and you can apply with no previous finance history. At AutoMoney Trust, we often work with applicants who are just starting out.
We understand that applying for car finance for the first time can be intimidating. That’s why AutoMoney Trust has made the process as simple, transparent, and supportive as possible.
Here's how we help:
You can check your eligibility without damaging your credit. We’ll run a soft search to see what options are available to you.
Our online application form takes just a few minutes to complete. Once submitted, one of our expert team members will get in touch to explain your options.
We don’t just throw finance offers at you, we make sure to explain what each one means, what the payments will look like, and help you decide what’s best for your situation.
We work with a panel of trusted finance providers, so we can search for the most suitable deals based on your profile.
Here’s how easy it is to get started:
Head to our online application form and complete your details. We’ll carry out a soft credit check to assess your eligibility.
Once we’ve reviewed your application, we’ll present you with your available finance options explained in simple terms.
Whether you’ve already chosen your car or need help finding one, we can assist. We work with trusted dealerships and partners.
Once you're happy with the offer, we’ll help finalize the paperwork and guide you through signing the finance agreement.
With everything approved, your car is ready and so are you.
Getting car finance as a first-time driver doesn’t have to be difficult. At AutoMoney Trust, we’re here to help you understand your options and support you in every step of the journey. Apply online today and find out how much you could borrow without affecting your credit score. Have questions? Contact our friendly team and we’ll be happy to help.
