If you’re about to apply for car finance, something you must fully-understand is how car loan interest rates work as it will affect your long-term finances. To get you informed before sending your loan application, here is a comprehensive guide about car loan interest rates. What is the car loan interest rate? A car loan … Continue reading How Car Loan Interest Rates Work
Category: FAQs
Read our Frequently Asked Questions regarding car finance, insurance and your loan application. Click on a question to expand.
Overtaking a Cyclist: New NSW Legislation
More cyclists are now sharing the roads with motorists than ever before. If you are a car owner or motorcycle rider, you should know that cyclists have the same rights as motorists. Motorists need to be aware of their presence on the road and respect their space, whether they are recreational cyclists or regular commuters. … Continue reading Overtaking a Cyclist: New NSW Legislation
Do Car Loans Help Your Credit Score?
Building a good credit score is important when applying for certain loan products. It determines the credit risk of lenders in loaning you money. The lower your credit score, the lesser the chances of a loan approval. If you have a poor credit score, you might be looking for different ways to boost it and … Continue reading Do Car Loans Help Your Credit Score?
What Is Refinancing A Car Loan?
While you are searching the web for a solution to your struggling car loan repayments, you have probably come across the phrase ‘refinancing a car loan’. This refers to an alternative way of paying your existing car loan by taking another secured loan with different terms from a different lender. The new loan has a … Continue reading What Is Refinancing A Car Loan?
What does Aussie Car Loans have to offer?
Aussie Car Loans provide a full range of finance and insurance products for all kinds of vehicles. With access to a wide panel of lenders, you can be sure that Aussie Car Loans will find the best finance option at the best rate for you.
Secured Personal Loan?
If you’re looking at a secured personal loan there are certain requirements that need to be met. For example, the minimum loan amount is $5,000.00, and the motor vehicle is preferably no more than 8 years old. Aussie Car Loans considers all car types including classic, import, prestige vehicles, and even older trucks.
Unsecured Personal Loan?
For those looking at a getting an unsecured personal loan, be aware there are differences in the loan amount, the interest rate and availability. Unsecured loans can be more versatile however, and are typically used for intangible things such as a holiday, wedding or debt consolidation.
Personal or business finance?
Debating whether to go with Business or Personal Finance? Business Finance is available to both companies & individuals, providing that the goods are to be used predominantly for business use (i.e. more than 50% business usage).
How long does it take to get approved?
Once you have submitted your application for car finance, it will usually take just a few hours before an assessment is made and the loan is either approved or rejected. However, complex or difficult applications can sometimes take a few days, including bad credit loan applications.
Can I get pre approved for a car loan?
Aussie Car Loans you can most definitely help you get pre approved for a car loan so you can shop around with confidence. The only thing you’ll need to tell us what type of vehicle you’re intending to purchase. It’s a great idea to obtain a pre approved car loan as it allows for more … Continue reading Can I get pre approved for a car loan?
What are my chances of approval?
All lenders consider things such as: have you ever filed for bankruptcy, do you own a home, how much is your current income, how long have you been employed at your current job, how long have you lived at your current address, do you have a credit rating, what is your net worth, and so … Continue reading What are my chances of approval?
Are Your Interest Rates Competitive?
At Aussie Car Loans we have long term associations with a broad range of competitive and trusted lenders who consistently monitor current interest rates so they can make sure they offer the best car finance rates.
I’ve Got A Bad Credit Rating?
Aussie Car Loans will always provide you with the most competitive loan offers it has available, however, those with a higher risk, namely bad credit ratings or ex-bankrupts, can opt for second chance finance instead. Second chance loans, or bad credit loans, give those with higher risk another chance to obtain the finance they require.
Can I Buy A Car Privately Or From A Dealer?
Aussie Car Loans provides car finance for any kind of vehicle purchase, be it a dealership, car auction, private sale or re-financing. For used cars some vehicles may require an inspection prior to your finance being approved, please discuss with your Aussie Car Loans consultant prior to your purchase.
What Do I Need For My Personal Car Finance Application?
To apply for a personal car loan online you will need to provide the following details: Full name. Contact phone number. Your postcode. Email address. Your current employment status. You’ll also need to be: 18 or older An Australian Resident Currently employed You’ll also need to answer the following questions: Do you currently have more … Continue reading What Do I Need For My Personal Car Finance Application?
When do I make my first payment? Can I make extra payments?
Your first loan repayment will be due 14 days (if fortnightly) or one month (if monthly) after the settlement of your personal loan. Business finance applicants on the other hand have the first monthly repayment due on the day of settlement.
Are There Car Loan Application Fees?
Personal car loans, in fact, all loans have some ongoing account keeping fees. These may vary from Financier to Financier and State to State. For accurate and up to date information please call 1300 769 999 (local call cost) to discuss this with one of our professional team members.
