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Can I get finance for a car auction?

Hi, I have found a really nice car that is coming up for auction at BCA Blackbushe next week and I’ve heard that you might be able to help. It’s a 2009 BMW X5 and I’m hoping to buy it for about £17000. Nobody else appears to offer finance for a car bought at auction so I wondered how it worked, how much it would cost and how quickly you could sort this out for me?

car-auction-finance
Hi Steve, thanks for your email regarding car auction finance.

Yes we can help with a car loan for a car bought at auction and you are right that no other lender currently is offering this service so you’ve come to the right place!

It should be a really quick process for you and we can often get the money in your bank the same day ready for you to bid and buy. You can either complete our simple online application form or you can phone us with your information on 0800 066 2888.

Once approved you can either choose to take the loan straight away or you may wish to get pre-approved and wait until your bid has been accepted at the auction and then draw down the money into your account. It’s very quick and easy. If you want an idea of payments you could try our car finance calculator first or for more information visit our car auction finance page.

Good luck with the bidding.

About The Expert

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.