Finance Declined Elsewhere?
Most Car dealers only use a couple of finance companies, so there is a high chance that you will get declined, where we have over 15 finance companies to choose from.
Some main dealers will tell you are accepted and give you a delivery date even before they have sent you over to the finance companies to get an acceptance in place. Crazy but this is how they work, they get you excited and then let you down at the last second.
Reasons for car finance being declined.
There are many reasons as to why your application might be declined. The first thing to do is find out why your application is declined so that you can take steps to resolve the situation so that in the future you can obtain finance.
A lack of credit history – not much credit can be as bad as poor credit.
Poor credit history – some finance companies will not accept people who have missed payments.
Type of driving licence – Eu or provisional driving licensees some finance companies will not accept which would result in a decline.
Employment status – if you are unemployed or self employed some finance companies might decline you.
Type of car – the newer the car the lower miles the better you will score and the more chance of getting an acceptance.
Age – some finance companies might think you are too young or too old.
If you do choose to apply with us, we provide a no obligation quote if approved. Please make an application when you are ready.