Everyone loves the idea of sitting in the passenger seat as their car drives them to their destination. It’s like chauffeuring, but without the need to make small talk! Of course, it also sounds a little bit far-fetched.

Cars can’t drive themselves – yet, and people drive cars – for now. But whichever way you look at it, the future of domestic transport appears to be automated, especially after the ban on new petrol and diesel vehicles. So, when will self-driving cars be available?

They have been approved (sort of)

While a fully automated, self-driving vehicle may not be accessible to UK motorists, cars that allow drivers to take their hands off the wheel for extended periods were approved in April 2021. This is thanks to a technology called Automated Lane-Keeping Systems, or ALKS for short.

When ALKS software is activated, cars will automatically stay in their lanes up to speeds of 37mph. They can also brake if drivers don’t respond to a system alert within ten seconds.

But autopilot isn’t that close

However, self-driving as most people see it could be a long way off if the industry is anything to go by. Far from investing more money into the market, several of the early leaders have sold their automated divisions. For example, Woven Planet, a Toyota subsidiary, bought Lyft’s unit. Uber has flogged its self-driving section, too, with Aurora Innovation the buyers last December.

Tesla continues to be a great bastion of Level 5 autonomy though, so there is still hope of a breakthrough in the future. Currently, only shortcuts such as ALKS are ready to hit the market.

Bridge the gap with My Car Credit

Self-driving vehicles are not yet available, but when they are, we’ll be on hand to help with the finance side of things. Until then, you can bridge the gap by searching for a great deal for your next car with our expert help.

Whether you need a car finance poor credit deal or you want to know how APR works, we have the perfect tools. Contact us today to get the ball rolling on 01246 458 810 or enquiries@mycarcredit.co.uk.

Rates from 6.9% APR. Representative APR 14.9%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 14.9%, annual interest rate (fixed) 14.85%, 47 monthly payments of £204.69 followed by 1 payment of £214.69 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,335.12, total amount payable is £9,835.12.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!