Pre-Approved Car Finance

One of the great aspects of applying for car finance in modern times is the ability to get pre-approved for credit before you even go into a dealership.

Through online facilities such as eligibility checkers, you can get started right away.

How do I get pre-approved car finance?

In short:

• Complete an online eligibility form
• Work with an in-house coordinator to complete pre-approval
• Attend dealership appointment to conclude the sale

At Stoneacre, this process starts online with our quick-to-complete form that will check your initial eligibility.

For this step, you’ll need information such as:

• Personal details

• Your address and employment history for at least the last three years

Upon completion of the form, you’ll be given an initial indication of whether you’re able to get pre-approved for car finance or not.

Learn More About Car Finance Eligibility

For those who are, you’ll then be contacted by one of our dedicated finance coordinators.

They’ll take you through next steps towards your full approval, which typically doesn’t take too long at all.

Your finance coordinator will be able to:

• Finalise your application for finance
• Tell you how much you're able to lend
• Help you find a car that meets your needs
• Book you into a dealership to see the car

This amount you're able to lend will depend on the strength of your credit score, as well as your personal circumstances and general affordability.

With the amount you’ve been approved with in hand, you can then start looking at cars in your price range.

This can be something the finance coordinator can aid you with and, once you’ve found any car of interest, they can get you booked in to see the vehicle in person.

With your car finance pre-approval in place, this means that, at the dealership, there is a lot less work to be done, and you’ll be in your new car in no time.

Benefits of pre-approved car finance

Trying to get a car on finance can sometimes be an anxious time, especially if you feel your credit rating might not be the strongest.

Here's what makes getting pre-approved such an advantge:

• Our online form only conducts what is called a ‘soft search’, and won’t affect your credit score regardless of the result.

• With a car finance pre-approval in place, you’ll know before you even start shopping for cars whether or not you can get credit.

• Not only that, but it’s great to know beforehand just how much you’re able to lend before taking a look at any cars.

• Getting pre-approved car finance is also a great timesaver when you get to the dealership, as there will be a lot less paperwork and waiting to be done.

Be mindful that your finance coordinator will subsequently be required to process a ‘hard search’ before getting you fully approved.