Although car finance has been around for some time, many are intrigued by the process. It can be a little daunting at first, which is why many people aren’t fully convinced they should go through it. Most people looking to buy a car, are looking to do so in a timely manner. A question that we get asked a lot is “How long does the process actually take?”
Unfortunately there is no simple answer as many factors come into play when it comes to car finance. Everything can affect the process, which is why planning ahead is a very good idea.
The first thing that you must consider is which service you are going to go with. Each finance provider is slightly different, so choosing the right one can save you a lot of time. The truth is, the process isn’t really that complex or confusing. It can take anywhere from a couple of days to a couple of weeks, depending how you go about it.
With the demand for cars increasing in the recent years, most car finance providers aim to get people their cars as soon as possible. This is why many services offer a same-day decision, meaning you will know whether you are eligible for finance the very same day you apply. Not all services offer this option, so keep that in mind when choosing your finance provider.
Contrary to popular belief purchasing a car on finance is not as complex as it may seem at first glance. It’s actually rather straightforward so, unless any unexpected issues arise, you should be able to get behind the wheel of your new car within days of applying for finance.
Of course each individual case is different, so it’s impossible to say for sure how long the process will take for you. All we can do is encourage you to do a little digging around in order to find the most suitable service that suits all your needs and requirements. Buying a car on finance shouldn’t really be a struggle, so if you are considering it you should most certainly embrace the process and follow our advice.