Five tips to get first-time approval for your car loan

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Johannesburg – In the current economic climate, with skyrocketing car prices and increasing living costs, many consumers are fearful of being turned down for credit. WesBank has five tips for consumers who want to have success when applying for vehicle finance.

Banks are bound by the National Credit Act (NCA) to ensure that consumers can afford the financial commitments into which they enter. While there’s no guarantee that a customer will be approved for vehicle finance, there are best practices to follow which will help improve the chances of being granted credit:

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