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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Car Finance Explained

Hi Edwin, i've never had car finance or a car loan before so i was wondering whether you could explain how the process works exactly? Looking forward to your response.

Posted by Rich on

Answer.

Hi Rich, thanks for using our Q&A. The best way to explain the car finance process is as follows: 1) Make an application on our website. 2) We'll credit search you to look at your credit profile. 3) We'll try and get you approved with one of our panel of lenders. 4) Once approved we'll ask you to send in the required proofs (driving licence, proof of address, payslips etc). 5) Once your proofs are received we'll discuss your budget, deposit, part exchange (if any) and the car you would like to buy. 6) Car finnace 247 will then provide you with a few vehicle options for you to choose from. 7) A time and date is then arranged for you to come and collect your new vehicle and sign the finance paperwork. 8) That's it - you're done. I hope i have explained clearly the process and if you have any more questions please don't hesitate to ask. Kind Regards, Edwin

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