FIRST CAR FINANCE

Some people may think that as a first time car buyer, financing a car is impossible - we’re here to tell you that’s not the case. Not only is it possible, we actually think getting a brand new car as a first car is a great idea - and here’s why!

Safety is key
Brand new cars are statistically safer on the roads than older cars, and they also come with plenty of safety and driver convenience technology which will help new drivers on the road who may be a bit nervous behind the wheel to begin with.

Drive a familiar car
A lot of young drivers choose to get a car similar to the one they learned to drive in, which more often than not, is a newer car. If you’re used to a newer car, then buying a newer car will help you when you pass and don’t have your instructor next to you anymore.

Lower up-front costs
Weighing up the costs of new vs used cars can be confusing - and yes, whilst second hand cars are cheaper to buy, they’re also more likely to have mechanical issues which can cost you much more in the long run. If you opt for a brand new car with Marmalade, you won’t have to pay for an MOT for 3 years and we’ll cover the first years Tax and Insurance for you!

Step 1 - Build your perfect car
Once you've checked out the wide range of young driver friendly cars we have on offer - choose the one that's best for you. We'll show you the price of the base model as a default, but you can customise this before we show you your final quote.

Step 2 - View your payment options
We'll show you your monthly price based on a £500 deposit. Our handy calculator also allows you to update the price by changing your deposit contribution, the length of time you choose to finance your car, and the finance type (HP or PCP - we’ll talk a bit more about that below!)

Step 3 - Fill in your details
Once you're happy with the price, and if you'd like to proceed, go ahead and complete the form. We've listed all the information you'll need to have to hand this article (we're helpful like that!). If you're aged 18 or over, you'll need to apply in you're own name. If you're 17 a parent or guardian should apply instead.

Step 4 - We'll be in touch
We'll get in touch with you within 48 working hours to let you know if you've been approved. We'll then talk you through the next steps - like paying your deposit and discussing the delivery time of your brand new car!

So, you’re ready and raring to go to apply for finance. You’ll be pleased to know it’s quick and easy to do online – and to make it even easier, because we’re nice like that – we’ve listed some of the information you will need to have to hand before you get started. Here are the things you might not know off the top of your head (because we’re hoping you know your name and date of birth without having to find some documents to help!):

• 1. Driving licence number (the driving licence number can be found in section 5 of your photo licence and is 16 characters long followed by two digits)


• 2. The length of time you’ve been at your current address, plus your previous address if you’ve been at your current address less than 3 years


• 3. Employment details including your employer’s address, phone number. If you’ve been there less than 3 years, you’ll need to let us know your previous employment status


• 4. Your income before tax is deducted (this will be on your annual P60 or your employment contract if you don't know it off the top of your head


• 5. Your bank details – sort code, account name, account number and how long you’ve been with the bank. We won’t take any money, but this is needed by the lender to perform a credit check


• 6. If you’re adding a guarantor we’ll need them to complete their personal details and the same information you will have provided