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How long does it take to get approved for a car loan?

Hi, I wonder if you can help me. I recently just tried to take finance out on a car and my application got declined because they wanted a guarantor.

So, I have now given the dealership the guarantor details. Do you have any approximate idea of how long it would take to get the finance approved?

Asked by Zoe

Hi Zoe, apologies for the delay in responding to your question. In all honesty i don't know the dealerships process so i'm not best placed to answer.

However, we give decisions within the hour so if you get declined for whatever reason please make an application here and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 24 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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