Finance Application Terms and Conditions

By completing the application for vehicle finance below, you give us, Tenby Trade Cars, the authority to request your credit history from credit reference agencies ("CRAs") and that you agree to one or more full ("hard") credit searches on your credit report.

Hard searches includes information like your credit score, credit report and data related to them, such as credit providers, county court judgments ("CCJs") and reasons for changes to your score or report. Hard searches are visible to third parties.

We work with other third parties, such as Codeweavers Ltd, who act as a credit broker, to check your eligibility for vehicle finance. This involves 'soft searches' being left on your credit file by these third party providers, but these searches will only be visible to you and will not impact your credit score, unlike a hard credit search.

When you submit the application, one or more hard credit searches will be performed and your eligibility for vehicle finance will be considered by our carefully selected panel of lenders. Each has their own acceptance criteria and will consider affordability elements that a credit search may not. Lenders will assess your ability to repay the finance provided, now and in the future, including in the event of a change in circumstances or the general market, such as an interest rate change.

Before proceeding, please note that multiple hard credit searches in close proximity to each other can detrimentally impact your credit score. Lenders and credit scoring models consider how many hard credit searches you have on your credit reports. This is because applications for new credit increase the risk a borrower poses to lenders. Be mindful of submitting multiple finance applications in a short window of time.