How to Apply For Car Finance
Here’s our guide on how to apply for car finance.
Car-Loans.net.au makes the process of applying car finance straightforward, more convenient, and trouble-free while giving you access to some of the best car loans available in the country.
Our primary goal is to help you get behind the wheel and back on the road sooner. Our services will not only exceed your expectations, but this blog post will explain how to apply for car finance.
Here’s what you need to know about applying for car finance:
Types of Car Loans
Not all loans are equal; they fall into two broad categories:
- Consumer: These are governed under NCCP and borrowers must prove that they can pay back the loan.
- Commercial: For businesses, available loans include lease, rent to buy and chattel mortgage options.
We offer both consumer and commercial car loans.
Car Finance Application Tips
Have Your Loan Application Documents Ready
Preparedness is an important factor when applying for a car loan. You will need to:
- Ideally have a credit score that is above average (although you can still speak to us if you have bad credit history and require a car loan)
- Provide documents to support your claim
- Have your pay slip or other financial records including Centrelink incomes statements ready to submit
Self-Employed Car Finance Criteria
For self-employed citizens, creditors typically require proof of continuous income. This typically includes Notices of Assessments, income tax returns and bank account transactions. If you have little or no income, applying for the loan usually requires you to use your personal assets as security. A guarantor can also support you.
Car Finance Brokers
Most car owners commit the worst mistake ever when sourcing for finance – they approach financiers directly.
If you want more competitive or lower interest rates, speak to our experienced team of car finance brokers or Apply Online Now.
Thanks to our buying power each month – and reputation – we can provide lower rates than those offered directly to an individual.
Low Interest Car Loans
Here’s the steps to access a competitive car loan rate:
Step 1: Apply Online
We will ask questions about the car you want or the desired car loan amount. Expect questions around your past financial history. Details of your assets, liabilities, and previous lending history helps our experts to market you to lenders. You can also consider loan pre-approval at this stage.
Step 2: Speak To Our Brokers
When you apply online one of our Car-Loans.net.au brokers will call you to discuss and finalise your application.
By providing all the necessary documentation in the online application we can help get your car loan approved in as little as 24 hours.
Step 3: Get Approved For A Car Loan
After we identify the best lender for your circumstances you’ll know precisely the amount you can borrow. We’ll certify the interest rates, fees, and others extra charges associated with the finance and provide you with a clear outline of the repayment plan and terms.
Why Choose Car-Loans.net.au?
Are you looking for the competitive car loan rates? Whether it is commercial or personal car loans, we pride ourselves on delivering value for money finance options. Thanks to our enviable network of lenders, our clients can get access to the best loan products, including from financial institutions you may not have heard of but can offer very competitive car finance rates.
Car-Loans.net.au is proudly brought to you by Aussie Loans.
We take the stress and hassle out of securing a car loan. Speak to one of our friendly team today about finding car finance rates to suit your personal circumstances. We have access to more than 20 different lending products from major banks to financial institutions which means we can pinpoint the best loan based on your needs.