This one sounds quite obvious however depending on your credit score you can finance higher amounts with little to no deposit and better interest rate. Bad credit history will limit your options of Lenders, Deposit percentage interest rates and amount given or you may not be approved at all.

Seeing gambling websites on your bank statement will severely hamper your chances of being finance approved. My advice would be to stay away totally from gambling or at least use cash so it does not show on the statement. Erratic cash withdrawals however will still hamper your chances of being approved.

This is a super important step! Manage all incomes and outgoings to see your expendable cashflow. You will then marry this with a monthly figure you can afford to pay the finance loan with. You may then see you can actually finance a higher figure or it might show you that the current figure you are looking to finance isn’t affordable. All in all, knowing this figure will help your finance expert find a suitable repayment plan.

This is one of the easiest things to get the ball rolling quickly on a finance application. The main documentation needed will be;

·         Proof of identity

·         Proof of address

·         3 month recent back statement ( which can double as a proof of address )

·         2 – 4 weeks wage slips

One thing to note is bank statement may not always be needed however it's better to be prepared than not.

Just because it looks like you can afford it does not mean you ‘’Can’’. Applying for finance on a car that’s slightly out of budget can result in you being declined. Some people may then think they were not eligible, when in fact if they applied for a car of lesser value, they would have been improved. This can turn people off applying altogether, so the best thing you can do is not stretch your budget.

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