The vehicle financing process can be a complicated web of confusion for most, we commonly receive a lot of questions on how loan process works. So we’ve created a wonderful roadmap showing the steps in our loan process.
The loan application process varies slightly depending on the type of vehicle you are purchasing. For the below example, we’ve used our most popular car loans to illustrate how we conduct your finance application for you.
First you decide it’s time to get a new car
You start looking at cars and find one or two you might like to buy
You do some research on borrowing and end up finding Gateway Financing & Auto Sales
You get in touch via a simple form on our website or a phone call
An experienced Gateway Financing & Auto Sales Lending manager calls to discuss finance options with you
We make life easy, you can complete the application over the phone or via our website
We’ll also ask you about the vehicle you’re looking to purchase
Our specialist lending manager gathers your details and any lender required documentation
Your enquiry is submitted electronically to the lender best matched to your needs
The lender responds promptly and we call you to convey this information
If the lender requires extra clarification, we will follow this up with you
Once the lender grants pre approval – let’s start the hunt for a car!
Our vehicle locator will begin scouring the market for your new car
We’ll find a great value car to your requirements
Now, we resubmit your loan back to the lender with information on the vehicle you’re purchasing
Lender does their final checks, if all good, provides unconditional approval
The lending manager calls to congratulate and take you through the final steps
We’ll help organise comprehensive car insurance and other additional warranties you need
Your expert lending manager will email your loan documents directly to you to complete
Once sent back, we check everything is completed perfectly and send to lender for settlement
Your Car Loan settles – lender lodges documentation, funds are transferred
Time to celebrate and pick up your car