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What happens if my finance application to lease a car is declined?

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how does vehicle leasing work
why should i lease my car
what i need to know about leasing

If your credit application is not approved then it may be possible to challenge the decision, this must be carried out directly with the lender as information will not be shared with a third party (including a broker or dealer).

Repeatedly applying with different lenders is not a realistic option, as each time you apply a “footprint” is marked on your credit file, this can result in a further reduction of your credit score, which will take time to rebuild. T

The first step is to understand why an application has been declined.


> What are the reasons for credit applications to be rejected?

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Regal Garage (Bromsgrove) Ltd trading as Regal Autolease are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 787993

Registered in England & Wales with company number : 00554796 | Data Protection No : ZA140638 | VAT No : 111 4829 00

Registered Office : Prydis, Senate Court, Southernhay Gardens, Exeter, England, EX1 1NT

Disclaimer:
All vehicle images and descriptions are for illustration and reference purposes only.
All vehicle leases are subject to credit approval and subject to change at any time.
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