How To Improve Your Chances Of Being Approved For A Car Loan

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.