If you’ve recently been denied car finance, you may be wondering why. It's always worth asking, as some lenders may be able to provide reasons for the denial. Common reasons include a low credit score, a vehicle that doesn't meet their criteria, or errors on your application.
It's important to avoid making multiple applications right away, as each hard credit search leaves a mark on your credit report. Too many searches in a short period of time could make it harder to secure finance in the future. If waiting isn't an option, consider looking for a more affordable vehicle to increase your chances.
Don't let bad credit hold you back forever. With some effort, small steps to improve your credit score can make a big difference over time.