Guaranteed car finance
You may have seen or heard the term guaranteed car finance.
The trouble is, guaranteed car finance cannot possibly exist. The primary reason for this is that finance applications completely depend on your own circumstances, so there is no way of knowing whether or not you will be accepted until you try. Another point is that there are a whole host of different lenders, all with different criteria and specialisms, so this is a huge variant in the car finance journey.
While there is no such thing as guaranteed car finance, there are plenty of ways you can increase your chance of being approved. Here are some of the most popular ones...
Registering to vote
Registering to vote marks a permanent place of residence and so when you apply for car finance, lenders have an idea that you're going to stay put somewhere.
Avoid multiple applications
Applying for finance multiple times in a short space of time can harm your credit rating and therefore hinder your chances of being approved for car finance.
Boost your credit score
Giggling your credit score a boost is a great way to increase your chances of being approved for car finance, perhaps look at planning this over a length of time.
Consider a larger deposit
Saving up extra cash and putting down a bigger deposit is another way you can increase your chances of being approved, as you decrease the amount you would like to borrow.
There is also the option of looking into bad credit car finance if you are worried about being approved. Bad credit car finance is a specialist type whereby lenders work with those who struggle to obtain car finance.
Whether you know what you're looking for with finance or you need some help understanding everything, get in touch with Car Credit Now, part of Autozone in Barnsley.