What do we offer?
Low rate car loans & cheap car insurance together with competitive finance including truck loans, boat loans, bike & motorcycle loans, & hire purchase and leasing for office equipment, machinery, tractors, equipment, caravans, motorcycles, business furniture & fittings, and more.
Car loans?
Minimum car loan is $10,000.00. Motor vehicles preferably no more than 8 years old. (Classic, import, prestige vehicles, and older trucks will be considered). The car finance will be secured on your purchase at a fixed interest rate that will not go up over a 3 to 5 year term. We also provide a wide range of finance products including truck loans, bike loans, and boat loans, and a unique 2nd chance finance service for people with bad credit or just having difficulty getting a loan.
Do we offer business finance?
Yes - Hire purchase, chattel mortgage, novated lease, or finance lease is available to both company & individuals providing the goods are to be used predominantly for business use. Other products include fully maintained car lease, luxury car lease, equipment finance, machinery finance, & farm finance. Business finance is usually lower interest rates, and there are many structures available to maximise your budget or tax benefits. Contact us or speak to your tax adviser.
How long does it take to get approved?
Usually just a few hours, however complex or difficult applications can take a few days. Once approved original finance documents must be signed and the supplier will be paid directly usually within 1-2 days. For a fast approval apply online now.
Can I get my finance approved before purchasing?
Yes, providing you can give us an idea of what you're intending to purchase. Getting pre-purchase approval before you go shopping is a good idea, allowing bargaining power on the showroom floor. We need to assess the total amount of finance against the current market value of the item. We must also approve your supplier, as there are many fraudulent vendors in the market place.
What are my chances of approval?
We 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, is it a good or bad credit rating, what is your net worth, and so on. The financial officer will then apply some maths to ascertain your credit status, determine the security over the loan, your current debt level, your income, and your ability to repay the debt. From this we will determine how much money you can borrow. You can do the sums yourself to determine your monthly budget. Simply deduct your expenses from your after-tax earnings.
Are your interest rates competitive?
We will consistently monitor current interest rates to maintain and offer low rate car loans and cheap car insurance. We challenge you to try & find a better deal. We will help you beat those banks. However, the interest rate offered may vary by several per cent depending on whether you are a high or low-risk borrower. Contact us and get a quote now, then compare us with the banks using the comparison rate schedule.
I've got a bad credit rating?
We will always provide you with the most competitive offers it has available, however those with high risk, bad credit ratings or ex-bankrupts may try the 2nd chance product available. This 2nd chance option is more lenient & lax in relation to finance approval, however is generally a higher interest rate to cover the higher risk. For more information click here
Can I buy a car privately? Can I buy from a dealer?
Dealer, auction, private car sale and re-finance are welcome. Some used cars may require a vehicle inspection (eg NRMA or RACQ) supplied to us prior to payment, particularly those purchased privately. Please discuss with our staff prior to purchase.
Do I need to provide anything with my application?
If self employed or applying for business finance (hire purchase, chattel mortgage, novated lease, finance lease, or car lease) please complete application and forward your most recent financial statements/tax returns, payslip, and/or group certificates. This extra information will speed up your assessment & may also allow you to qualify for a discount on interest rate based on that information. On settlement some of the following may also be requested before finalising:
1. Payslip or letter from your employer
2. Bank account details for direct debit
3. Proof of home ownership
4. Formal identification
5. Comprehensive insurance policy
6. Drivers licence (with correct addresses)
7. Rent receipt (if your renting)
8. Company common seal (if a company)
When do I make my first payment? Can I make extra payments?
Car loan repayments are usually 14 days (then fortnightly) after settlement of a personal car loan. Business finance applicants have the first monthly repayment due on the day of settlement. Remaining payments are deducted from your nominated bank account. Extra payments of any amount can be made at any time by cheque, cash, direct deposit and BPAY where applicable (some fees may apply).
Are there any fees to apply?
There is no fee to apply for a car loan. The personal car loan is without monthly or ongoing account keeping fees, however business finance applicants are subject to pay any monthly government taxes, stamp duty, REVS, FID, GST and any other government charges - varies in each state. There is a once only establishment fee once you proceed with the loan. This fee varies based on finance amount, state location, & product. Contact us to get an exact quote.
Have more questions?
Contact us now. Our refreshingly enthusiastic staff will be happy to help.