Thinking of applying for a car loan? As with any type of finance, when you apply for a car loan, it’s important you get it right first time if you want to be approved.
Why? If your car loan application is rejected, that rejection is filed on your credit report, which can make it more difficult to get approved next time you apply.
In this post, we’ll look at the five most common reasons car loan applications are rejected, so … Read more
Want to buy a car but don’t have the cash needed to cover the cost upfront? You may have considered applying for a car loan. After all, that’s what car loans are designed to do. They provide car buyers with finance to cover the cost of buying a car, which they then pay back over a period that suits them.
As you would expect, there is plenty to think about as you compare car loans. Repayment periods, interest, fees. What … Read more
Just because you’re a student, it doesn’t mean you have to miss out on buying a car. As long as you have a steady source of income, a good credit history, and you meet the lending criteria, you should be able to get approved for a car loan as a student without too much trouble.
Here’s how.
Know what the lender will look forFirst up, you need to know what the lender will look for when you apply.
• … Read more
Think of buying a hybrid, low emissions or electric vehicle? You’re not the only one.
According to research conducted by Westpac, seven out of 10 Australians plan to buy an electrified vehicle in the future, with 34% of current petrol or diesel owners saying them aim to do so for their next automotive purchase.
So, aside from lowering your emissions, what kind of benefits can you expect from making the switch?
Every state and territory in Australia currently provides… Read more
If your credit is less than stellar – or you simply haven’t had the chance to build up your credit yet – it can be hard to get approved when it comes time to apply for a car loan.
So, what are your options?While there are some lenders that specialise in offering car loans to bad credit borrowers and borrowers with no credit, those loans can come at a higher cost.
An alternative option could come in form of … Read more