Waiting for an answer or response after you have made a credit application can be excruciating. You feel as though your life is on hand while you wait for an answer. Thankfully, in the internet era, applications can be processed much faster, and there is no longer the lengthy delay of weeks to get a response. However, there are still aspects that car finance companies need to check, so it is a perfectly reasonable question to ask how long does it take to get car finance approved in the UK?

Remember, no two applications are the same, so it is impossible to state a standard time to receive a response. This may sound frustrating, but it is positive news for the applicant. After all, it means your application is reviewed on its own merits. If an application is judged instantly, it will look at credit scores and other instantly recognisable features, and this may be bad news for some applicants.

You don’t have to wait long for car finance approval in the UK

With car finance applications in the United Kingdom taking slightly longer to process, you can be confident your circumstances are taken into consideration. This is welcome for applicants who have concerns about their credit score, but who know they have other redeeming features that will persuade lenders to approve their application.

Therefore, while remembering each application is unique, it is not out of the ordinary to suggest it usually takes between one and two business days for a car finance application to be processed, approved and arranged. All being well, you can have your finance package in place within two working days, which helps you to finalise the purchase of a vehicle and to move ahead with your plans.

Your information dictates the application process for car finance

You might be able to play a role in speeding up the application process. Before you apply for car finance, make sure you:

• Have all relevant details and information to fill in the application form
• Provide correct information, facilitating the checking of your application
• Inform any guarantors or references, if you have any, of the process so they can be available if called upon

At NowCompare, we know that no two car finance applications are the same, and no two car finance companies are the same either. We have worked with many lenders, and we know the companies who are likely to respond to your application promptly.

Some firms manage this process better than others, and some companies make this a selling feature of their services. If you are keen to find a car finance company who endeavour to process your car finance application in as short a time as possible, let us know, and we will provide you with their details. Applying for car finance in the UK doesn’t have to be a lengthy process, but when you are awaiting confirmation, any delay can seem like a lifetime.

With our help, you can arrange finance quickly and be on the road in no time at all, so please get in touch.