How Finance Works

Taking out a car loan directly from the dealer means choosing from limited stock. It also means being stuck with the loan rates and repayments that their finance company set out. There is very limited flexibility. With Like Car Finance, things are different. We offer a simple process, which can be completed on the Internet or by speaking to an advisor on the phone, and once you have a credit limit, you can buy the car you want from the dealer you want. We even offer a car finance calculator to help you determine how much you will have to repay.

Step 1 – The Application

We’ve made the application process as simple as possible. Enter your details using our simple online application form, or call and speak to one of our advisors. We only take the details that we need to in order to find you the best loan deals available, and we only use your information to arrange the loan and keep you informed of the process.

Step 2 – The Decision

An underwriting team will consider your application, and we will provide you with a decision typically within a few hours.

Step 3 – The Car

If approved, an advisor will give you a call and they will inform you of your credit limit, so that you know exactly how much you can spend. If you have opted to pay a deposit, and one is required, then your advisor will talk you through this element of your car loan too. You will be able to ask any questions you have about the loan that you will receive.

Step 4 – The Deal

Once you have been accepted and you know the amount that you can spend, it is a case of finding a car. You can use any of our recommended dealers, any reputable dealer, and it may even be possible to buy through a private seller as long as the car meets specific criteria. Once you find the car you want, funds will be sent directly to the dealer, and you simply need to collect your vehicle or wait for it to be delivered.

It really is a simple process, and it all starts with a simple application. Complete our online form or call an advisor today to start the process.