Self-Employed Car Finance: What Lenders Really Check
Being self-employed doesn’t mean rejection. Lenders now use open banking and bank statements to judge affordability.
What Lenders Look At
- Income consistency (tax returns, bank statements).
- Real-time spending habits.
- Vehicle type and purpose (business or personal).
Tips to Improve Approval
- Keep financial records accurate.
- Declare all income sources.
- Apply through FCA-compliant brokers.
