We applied for a car loan back in December when we ordered a car. The finance company did a hard credit search, approved the loan and sent us all the documentation etc. Is it likely they will do another search when the car is ready (in a month or so).
What does the documentation say in terms of approval and provision of funds?
It just says that on signing I declare that nothing on the form has changed - but it's not signed until delivery. Nothing I declared in the application process or on the form (salary/job etc) has changed, but I have taken on more debt since the process and my credit score is lower. (The application did not ask about current credit commitments).
Replies
There's a chance another search will be done, but it's unlikely on a car loan.