Does Car Loan 4U offer guaranteed car finance?

Want to know if you’re guaranteed to get car finance? It’s a common question. Or maybe you want to know what happens once you apply, particularly if you’re in a rush to get a car, or if you’ve experienced credit problems in the past and you’ve been declined elsewhere.

You may see advertisements which “guarantee finance”; however, in truth no company can guarantee that you will be accepted. Every lender has their own criteria and will take into consideration your individual circumstances.

If you’re worried about being rejected then we have some information that might be able to help you – remember we work with a wide range of lenders, some of which offer solutions for people who’ve experienced money problems in the past:

Worried about credit searches?

At first, we’ll only carry out what’s called a “soft search” to enable us to get an understanding of your financial situation. Don’t worry – although this is visible by you, other lenders can’t see the search. If it’s obvious that we’re not going to be able to arrange credit for you we’ll let you know quickly and we won’t carry out any further credit searches. If you’re approved in principle then we’ll refer your application to the most appropriate lender given your circumstances and the lender will carry out a “hard search” which will leave a footprint on your credit file. On average each customer who’s finance is approved in principle has 2 hard searches performed by lenders on our panel. If you’re approved in principle you’ll receive a personal quote which you’re under no-obligation to take, so you don’t need to sign anything until you’re happy and you’ve found your chosen car.

If you do apply to us and you’re approved in principle by one of our lenders, you’ll get a no-obligation offer and 28 days to decide whether to take out the finance.