Congratulations - you’ve been provisionally approved for car finance!
But now you’re probably wondering what that means.
A provisional approval – or approval in principle - doesn’t mean it’s guaranteed that we’ll be able to help but it’s a good start.
It means that, based on your application and a soft credit check (that won’t impact your credit score), one of the lenders on our panel has indicated that they may be able to offer you car finance.
Once you’ve been approved in principle, there are a few different factors that can affect whether you’ll be eligible to secure finance or not. The lender will have their own criteria and will look at your individual circumstances, the vehicle you choose, and further documentation.
Don’t worry; your dedicated account manager will guide you through the process and let you know if any restrictions apply.
Will I be approved for car finance?
If you’ve found it tough to find car finance in the past, it’s understandable that you might be anxious about being approved.
But there’s no need to be nervous; once you’ve completed our online application form, we’ll look to find you the best deal from our panel of lenders and get you a decision in minutes! That way, you can get your finance sorted first and choose a car with confidence from any reputable dealership.
Getting a quote won’t have any impact on your credit score and there’s no obligation to proceed, even if you’re approved in principle.
And if you’re looking for bad credit car finance, we could help! Here at CarFinance 247, we work with a panel of lenders so we can look to find finance approvals for people with a wide variety of different credit circumstances.
Not been approved this time? Find out more about being refused car finance here