Car finance can be arranged through a variety of suppliers including banks, credit unions, finance company’s, finance brokers and car dealerships.
Generally speaking there are no two application processes the same and each has its own methodology in processing and assessing your car loan application.
Madison Finance can provide on the spot conditional approval and loan documents can be prepared and emailed to you usually within four hours.
The first stage of the application process is to receive your Conditional Approval. When you submit your application, we can approve or decline your application based upon the information submitted by you and by undertaking some other enquiries about your credit history, employment etc.
Once you have been provided by Conditional Approval you are now ready to secure your new car.
After advising Madison Finance of the details of your new car, we can now prepare your loan agreement and email you the forms to read and sign all from the comfort of your own home or office.
Once the forms have been signed and verified by our settlements department, we will then proceed to pay the vendor and you can then arrange a suitable time to take delivery of your new car with the seller.
If you have any questions about the applying for car finance pre-approval, please contact us by telephone on 1300 887 967 or make an online enquiry.
