As most cars in the UK are bought on finance, it is vital to understand what a bank demands before financing a particular car to you. The first thing a bank sees before they finance a car is the credit score. If you have enough money or proof to pay your installments, then only they ask for certain information from you. This includes your details, employment details and history, bank details, and identification documents like driver’s license, proof of address, and proof of income. However, you must know that every bank has its own rules and procedures to finance a car. Does a bank want a car history check before the approval?
Continue ReadingCar History Check: Do Bank Check Car History Before the Consent for Financing