If you’re in the market for a car loan, there are a few things you can do to improve your chances of securing finance.
Check your credit: Get a copy of your credit report and see where you stand — as your lender is certainly going to take a look at it.
Improve your score: Start paying your bills on time, or early, whilst trying to fix any errors that you’ve seen on your credit report.
Pay down debt: Any annoying debts such as credit card balances make it more difficult to get new credit. Take care of your old debts before adding to them.
Increase your deposit: By putting more money down upfront, you reduce the risk to the lender which can make it easier to get approved.
