7 tips to help you with fast car loans

7 tips to help you with fast car loans

If you’re looking to get a car loan approved, it can be overwhelming figuring out which documents you need to show to your lender and how to ensure that you are successful in your application.

At Positive Lending Solutions, we strive to make the process as positive and efficient as possible – which means we want to help you to get all the documents you need to get fast car loans with no unnecessary delays.

Contact us to discuss how to get organised and get started with car loan approval.

Getting organised for car loan approval

One of the best ways to aim for successful car loan approval is to be organised. The more personal documentation you can provide to your lender, the better your chances of getting fast car loans.

We know that it can be tedious to find copies of documents or seek out payslips from months ago, but having the documentation organised and accessible will really help in the car loan approval process.

Here are 7 top tips for getting car loan approval

1. Know your lender

This is something that Positive Lending Solutions can help with. We’ll advise you on the individual lenders who you are applying to and help you to figure out which documents they require as well as what they’ll be looking for in your car loan application.

2. Check your credit score

The majority of lenders will want to see your credit record as one of the main pieces of documentation for car loan approval. You need to be aware of your credit score and to also review your credit record. It’s free and easy to get access to your credit report and by carefully going through it, you’ll be able to spot any errors or inaccuracies which you can ask to be changed.

3. Gather your payslips

This is essential and having a regular record of payslips to be able to show to a potential lender is a great incentive to stay in a stable job before applying for car loan approval. Your payslips will show your lender evidence of a regular income from a stable employer.

4. Give evidence of your residential history

Whether you currently own your home or you are renting from a landlord, it’s essential that you have your name on the lease or documentation. This gives you yet another form of evidence to show to a lender and helps to present you as a stable borrower.

5. Get references

If you’re anticipating having difficulty with fast car loans, you can help yourself by providing a lender with excellent references. You may want to ask someone such as your landlord to act as a referee and provide a reference which states that you have paid rent on time and in full on the date that it is due.

6. Show evidence

If you want to convince a lender that you are a responsible borrower, show them evidence which will make them happy to move forward with your car loan approval. This could include information about previous loans which have been paid in full or even mobile phone or electricity bills that have been paid on time.

7. Get your tax returns together

Particularly if you’re self-employed or run a business, it’s likely that a lender may request to see your tax returns. It’s always a good idea to have these in tip top shape, but it can be especially useful to show as documentation for fast car loans.

Getting the help you need

At Positive Lending Solutions, have decades of experience helping people get the right car loans for them. We can help you figure out the best documents you can show to lenders – proving your financial stability and borrowing ability.

If you're ready to get started, get your quick quote today.