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How long does it take to reach a decision on my car loan application?

How long does it take to reach a decision on my car loan application?

Asked by Sam

Hi Sam, We can normally establish a decision in principal within the same working day if you apply before 12pm. We generally provide credit limits subject to income. Have you applied for car finance yet? Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 7 People

£
4 Years
Best available rate XX% APR
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Representative example: borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96


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