Instant car finance

Instant car finance refers to the process of finding out whether you’ve been pre-approved to apply for car finance. Its usually carried out in less than a minute.

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What is instant car finance?

Essentially, instant car finance is a fast way to find out whether you are eligible to apply for car finance. Once you’ve made the exciting decision to go for it and buy a new or pre-loved car, it’s understandable that you just want to get on with it and for the finance bit to happen quickly.

 

The good news is that these days, most lenders can decide within minutes whether or not to pre-approve you for a car loan. This decision is based on a few of your personal details, your earnings, employment status, and what’s known as a soft search, which is a high-level overview of your credit history. It is this pre-approval process that lenders mean when they talk about an instant car finance decision. Once you’ve been given the green light, you can then immediately get on with a full application.

Approved car finance
Approved car finance

How does instant decision car finance work?

How does instant decision car finance work?

How does instant decision car finance work?

Once you have decided to buy a car with finance, the process is quite straightforward. With any lender that offers instant decision car finance, you can find out if you’ll be approved for finance (i.e.
approved in principle) by filling out an online form via their website. Different providers may ask for different information, but as standard, you’ll need to provide the following:

Name, date of birth, address and contact details

Monthly earnings and employment status

A full UK driving licence

The amount you’d like to borrow, if you know

The lender will then run a soft search on you, and together with the information you’ve provided above will decide within minutes if they’ll approve you to make a full application. A soft credit check won’t affect your credit score.

Why choose to purchase a car with instant car finance?

Why choose to purchase a car with instant car finance?

Why choose to purchase a car with instant car finance?

Instant car finance offers a quick and flexible way to check if you’re pre-approved for a car loan, or your eligibility for car financing. If you are eligible, you can move on to the full application process.

This is a smart choice for individuals in need of a car quickly or those with less-than-perfect credit, as it helps you figure out whether you should work on improving your credit score before applying for a loan.

instant car finance

Can I get instant car finance?

Can I get instant car finance?

Can I get instant car finance?

When you apply for car finance with Oodle, you’ll be subject to credit checks and some eligibility checks to help us decide whether to offer you a finance agreement.


You’ll be asked to provide your address history for the past three years, one year of employment history, and a few personal details. We’ll then give you a quick pre-approval decision within seconds.

If you need more details on the full application process, check out our
help centre.

When you apply for car finance with Oodle, you’ll be subject to credit checks and some eligibility checks to help us decide whether to offer you a finance agreement.


You’ll be asked to provide your address history for the past three years, one year of employment history, and a few personal details. We’ll then give you a quick pre-approval decision within seconds.

If you need more details on the full application process, check out our
help centre.

When you apply for car finance with Oodle, you’ll be subject to credit checks and some eligibility checks to help us decide whether to offer you a finance agreement.


You’ll be asked to provide your address history for the past three years, one year of employment history, and a few personal details. We’ll then give you a quick pre-approval decision within seconds.

If you need more details on the full application process, check out our
help centre.

If you’ve already been pre-approved for car finance by us or another lender, you’ll then be invited to make a full application. This will involve what’s known as a hard credit check. A hard credit check is a detailed review of your credit report. These checks allow
lenders to make an accurate assessment of your creditworthiness, and they will base their final lending decision upon their findings. Hard credit checks are visible to other lenders and will affect
your credit rating, so it’s best to spread out credit applications if you can.


If you meet the lender’s requirements, you should pass these checks without any problems. However, if you have a poor credit rating or no credit history at all, you may not qualify for credit. Improving your credit score can increase your chances of getting approved for car financing. If you are considering applying for car finance, it’s worth getting familiar with your credit score first to
understand or improve your credit rating.


Apply for car finance and get an instant pre-approval decision in just a few seconds by clicking the button below.

If you’ve already been pre-approved for car finance by us or another lender, you’ll then be invited to make a full application. This will involve what’s known as a hard credit check. A hard credit check is a detailed review of your credit report. These checks allow
lenders to make an accurate assessment of your creditworthiness, and they will base their final lending decision upon their findings. Hard credit checks are visible to other lenders and will affect
your credit rating, so it’s best to spread out credit applications if you can.


If you meet the lender’s requirements, you should pass these checks without any problems. However, if you have a poor credit rating or no credit history at all, you may not qualify for credit. Improving your credit score can increase your chances of getting approved for car financing. If you are considering applying for car finance, it’s worth getting familiar with your credit score first to
understand or improve your credit rating.


Apply for car finance and get an instant pre-approval decision in just a few seconds by clicking the button below.

If you’ve already been pre-approved for car finance by us or another lender, you’ll then be invited to make a full application. This will involve what’s known as a hard credit check. A hard credit check is a detailed review of your credit report. These checks allow
lenders to make an accurate assessment of your creditworthiness, and they will base their final lending decision upon their findings. Hard credit checks are visible to other lenders and will affect
your credit rating, so it’s best to spread out credit applications if you can.


If you meet the lender’s requirements, you should pass these checks without any problems. However, if you have a poor credit rating or no credit history at all, you may not qualify for credit. Improving your credit score can increase your chances of getting approved for car financing. If you are considering applying for car finance, it’s worth getting familiar with your credit score first to
understand or improve your credit rating.


Apply for car finance and get an instant pre-approval decision in just a few seconds by clicking the button below.

FAQs about instant car finance

Can I get car finance on the same day?

Can I get car finance on the same day?

Can I get car finance on the same day?

How long does car finance approval take?

How long does car finance approval take?

How long does car finance approval take?