Application Submission
The Application process

Applying for commercial vehicle finance can seem like a complex process, particularly for those unfamiliar with the intricacies of business lending. At Red Fox Finance, we aim to make this process as smooth and stress-free as possible, guiding our clients every step of the way. Here's a detailed look at what the application process involves for both the client and us

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1 Initial Consultation
1. Initial Consultation

The first step is an initial consultation. During this meeting, we aim to understand the unique needs, goals, and financial circumstances of your business. This information is critical for us to ascertain your borrowing capacity and to recommend the most suitable vehicle finance solutions. For the client, this is an opportunity to discuss the specifics of their financial needs, their business's operational specifics, and any other relevant details.

2 Proposal Development
2. Proposal Development

After an initial consultation, we tailor a proposal to your specific needs using our expertise in the lending market. We present this proposal for your review and answer any questions. From a pool of 79 lenders, we select those most likely to approve your application with favorable terms based on our detailed understanding of their criteria. You have the final say in choosing the lender(s) we approach. Once decided, we handle the application process on your behalf, ensuring all necessary documents are provided. This meticulous preparation increases the chances of a successful outcome.

5 Negotiation
3. Negotiation

Once the application is submitted, we liaise directly with the lender, responding to their queries and providing any additional information they may need. We also negotiate on your behalf, aiming to secure the best possible terms and rates.

6 Approval and Documentation
4. Approval and Documentation

Upon receiving approval from the lender, we thoroughly review the terms of the finance agreement, ensuring they align with the initial proposal. We guide you through the documentation to ensure you understand all aspects of the finance agreement.

7 Settlement
5. Settlement

The final stage is the settlement, where the finance agreement is formalised, and funds are released for the purchase of your commercial vehicle. We coordinate with the lender and the vehicle supplier to ensure a smooth transaction.

8 Ongoing Support
6. Ongoing Support

Even after the finance is secured, our relationship with the client does not end. We provide ongoing support, ready to assist with any questions or issues that may arise during the life of the loan.

5 minute funding

The fastest and the most real time funding application in the UK. 79 lenders waiting to provide funds
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The Application process

Embarking on the commercial vehicle finance journey requires a comprehensive understanding of the application stages. This guide is designed to aid you every step of the way. If you're newer to the domain, our concise 90-second guide offers a quick primer. For understanding the initial eligibility requirements, our get qualified guide provides the essential insights. Let's make your vehicle finance application journey seamless and informed.

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