MENU ABOUT US CAREERS GROUP NEWS BUY ONLINE FROM YOUR HOME Back You are here: Homepage > Finance > Finance Frequently Asked Questions Finance At John Clark Finance Frequently Asked Questions Q: How do I obtain a finance quote? A: You have a range of options: Visit our Showroom where our Finance Manager Jamie can go through all your options Give us a call and we will process your initial application OR simply file out our quick online application. Of course you can always email us with any further questions you may have. Q: What does APR mean? APR is short for Annual Percentage Rate. The APR calculates the total amount of interest to be paid over the duration of the loan including any additional charges that are payable. Simply speaking the APR allows you to easily compare the cost of finance from a range of lenders. The Consumer Credit Act requires all lenders to quote this rate. Q: Do you need to know my salary or outgoings? A: The only personal details you will need to supply are name, date of birth, contact and employment particulars and details of the bank account for us to set up your repayment direct debit with. In some instances our lenders may require further information to support your finance application. We always recommend that you do not commit to a finance agreement unless you are confident that you can afford the payments now and throughout the term of the agreement. Q: What information do I need to provide when applying for finance? A: Our lenders require you to provide a full UK, or EU driving license, both photo-card and counterpart sections. In addition you will need a proof of address dated within the last 3 months: A bank or credit card statement Utility or council tax bill Mortgage statement. Q: Over what period of time can I take my finance? A: We have a wide selection of options and can provide a variety of terms, from 12 to 60 months, dependent upon the finance plan you have chosen. Q: I was made bankrupt two years ago, can I get finance? A: Yes, so long as you’ve been discharged for a minimum of 12 months, we can normally help. So why not apply today! Q: How long does it take to process my finance application? A: In most cases, John Clark Motor Group will be able to obtain a decision within 15 minutes. Q: Do you carry out a credit search? A: Yes, we will search your record at Experian Limited and they will keep details of our search. If you would like to obtain a copy of your Credit record, you canWrite to: Experian Ltd, consumer Help Service, PO Box 9000, Nottingham, NG80 7WP. Or Go to www.experian.co.uk , or Call them on 0844 481 8000. Q: Do I have to put down a deposit? A: In general our lenders do not have any minimum deposit requirement. Q: I'm self-employed can I get car finance? A: Yes, we can still find you a great car finance deal if you're self-employed although generally lenders will ask for 3 months bank statements. So why not just give us a call or apply online. Q: I have only lived in England or 2 years, can I get finance? A: Unfortunately until you have lived in the UK for 3 years our lenders will not agree to give you finance. We have a wide range of cars that are always available for a cash purchase. Q: I am 17 years old, can I get finance? A: No unfortunately we wouldn't be able to help until you're 18 years old. We have lenders that finance 18-21 year olds, although, on some occasions we will need to add a guarantor to your application. Q: Can I still get motor finance despite a poor credit history? A: Every finance application we receive is different so and we have a wide range of lenders. However, if you have a poor credit rating unfortunately we are unlikely to be able to help you source finance for your vehicle. However it’s always worth discussing your circumstances with our Finance Manager who maybe be able to suggest the best options for you. We have a wide range of cars that are always available for a cash purchase. Q: When will my first payment for the finance agreement be due? A: Normally your first payment to the finance company is due approx 30 days of signing your finance agreement. Q: If I have any further questions, how do I contact you? A: You can call our Finance Manager Jamie or you are welcome to email us with any further questions you may have. Q: Want a part exchange valuation? Then come down with your Part ex or click here for our online valuation service. A: What are your Finance options? Hire Purchase / Conditional Sale Lease Hire (Motor Loan) Personal Contract Purchase (PCP) OUR PARTNERS & ACCREDITATIONS BACK TO TOP CONTACT INFO With 39 businesses, representing 15 leading brands across Scotland, our experienced sales and service teams are waiting to hear from you! 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