Gyasiwah Financial Services Ltd is a Finance Introducer but not a Lender.

We work with a large panel of lenders who finance cars, so whatever you have got in mind, contact us and we will introduce you to our lenders.

You would have to be:

• At least 18 years
• A UK resident
• Able to have Proof of identity
• Able to have Proof of address
• Able to have Proof of income
• A good credit score (Although some lenders would accept a bad credit score)
• Demonstrating the ability to afford monthly payments.

One of our lenders will contact you and assist you with the application.

The lender would let you know when they contact you.

It can be instant or a few days, but the lender would advise you of how long it would take for the funds to be issued.

This is a basic list of what you might need to provide:

• Your full name
• Your date of birth
• Proof of address
• Proof of Income
• Bank details
• Driving licence

We understand there are various reasons why some customers are unable to show a proof of income when applying for car finance.

Whether you’re currently unemployed, self-employed or retired, we have lenders, we can introduce you to who accept applications with no proof of income.

When you make an application for car finance, the decision you receive is based on your personal circumstances and the lender will take into consideration numerous factors such as the likelihood of you repaying the loan amount in the period you’ve applied for.

This is why some lenders will require a proof of income to prove you are able to repay the loan. Some lenders can do this electronically without you needing to send in any documents.

The lender also considers your credit history when making their decision. We can introduce you to lenders who specialise in bad credit car finance who would be willing to help.

We would introduce you to the lenders for the application to be made. However, a hard or a full application would affect your credit score, and a soft application to check whether you would be accepted for car finance would not affect your credit score with most lenders. However, you would need to verify from the lender whether the application would affect your credit score.

There are two types of car finance available we can introduce you to the lenders, HP and PCP.

A Hire Purchase (HP) finance agreement works by giving a loan to cover the cost of your new car minus any deposit.

You will then repay the loan in affordable monthly payments plus interest.

Your agreement will normally last between two to five years.

Once you’ve reached the end of your loan term and paid any required ‘Options to Purchase’ fee, you’ll own the car outright.

You will need approval in principle first, but you may still be able to secure a loan even if you have bad or poor credit subject to status.

You might have to pay a deposit - 0% deposit finance options although are available with some lenders.

How much you would pay each month depends on:

• The size of your deposit
• The length of your agreement
• The interest rate
• The car you choose

A Personal Contract Purchase (PCP) is a type of car finance loan that gives you options at the end of your agreement.

You can choose to buy the car, give it back or trade it in for a new one.

Your PCP loan does not have to cover the full cost of your car unlike Hire Purchase during the term of the loan.

Therefore, your monthly repayment will be cheaper than other car finance options.

You simply finance the vehicle’s depreciation over the agreed finance term and have a guaranteed future value (balloon payment) to pay at the end of the agreement, should you wish to keep the car.

PCP could be a great choice for you if you like to change car regularly.

Don’t drive a lot of long distances and want to keep your monthly payments low.

Keep in mind that terms and conditions will apply – you will need to agree to a set mileage and not damage the car to avoid paying extra charges.

How much you’ll pay each month depends on:

• The size of your deposit
• The car you’ve chosen
• The cost of your car
• The interest rate
• The number of miles you drive
• How much the lender expects the car to be worth at the end of your agreement.