How Long Does a car Leasing Application Take ?
How Long Does a car Leasing Application Take – It can take as little as a few seconds and as long as a few days to get approved for a car lease. How long it takes depends on several factors. These including what type of lender, your personal finances and the type of car you’re interested in leasing.
How long does the car lease application process take?
It depends on the lender you choose to apply with, the amount and your creditworthiness. Here’s an idea of how long to expect for each step in the application process:
- Submitting your application. It usually only takes 10 to 15 minutes to complete an online application.
- Immediate response. Some offer instant preapproval after you submit your application. Those that don’t could take a few days to get back to you.
What can slow down my car lease application? How Long Does a car Leasing Application Take
If you want to have your lease in hand quickly, avoid these three pitfalls when submitting your application:
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Not submitting all required documents
Lease companies can only fully approve your lease once all the required documents have been received. If yours is waiting on proof of income or residence, it could hold up your application. To speed up the process, check what documents are required and have them on hand before you apply.
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Applying late in the day
Some lenders can offer same-day approval if you apply by a certain time, usually by the end of the business day. If you apply outside of business hours or on the weekend, your application may fall to the back of the queue.
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Not checking if you qualify
Getting rejected for a car lease can slow down the whole process. Make sure you’re eligible before you apply for a car loan by checking your lender’s minimum income requirements, credit score.How Long Does a car Leasing Application Take
If you have any more questions regarding How Long Does a car Leasing Application Take , or If you would like to discuss leasing a vehicle contact one of our qualified and friendly account managers by email info@carlease4you.co.uk or call 028 7122 8822