Q: Can I purchase the vehicle from any dealer whether it be New or Used?
A: Yes, you can, just as long as the vehicle is being purchased from a Licensed Motor Car Trader (LMCT)
Q: Can you help me find a car?
A: With long established dealer relationships we can maximise the opportunity of finding the right vehicle for you at the right price.
Q: What will be the interest rate for my car loan?
A: Interest rates will vary depending on any previous credit problems, any deposit, and market factors. Our experienced credit assessment team will be able to tell you exactly what your interest rate will be, however we can assure you we won't be beaten on rates.
Q: How long will it take for my application to be approved?
A:You will be contacted promptly by a finance manager handling your loan request. The approval process is usually within several minutes to a few hours.
Q: Do you accept applications over the phone?
A: Yes, we do. You can apply or request information by calling our trained team.
Q: Can I select my car from any Dealership?
A: Yes. Simply provide details when making your application. We finance cars from any dealership nationwide.
Q: Will my information be confidential?
A: The information you provide will only be used strictly for your loan application and will not be disclosed to any other party.
Q: Why should I choose to get finance approval before choosing a car?
A: Getting finance pre approval first, gives you a pre approved limit to purchase up to and gives you piece of mind of being approved before you go shopping for a car.
Q: What are the advantages of finance?
A: Buying a car is the second biggest purchase (after your home) that you are likely to make. Up to 100% of your car's value can be financed. Once your loan has been approved, the interest rate and repayments remain fixed for the term of the loan. Family budgeting and cash flow forecasting are made much easier because you know your commitments in advance.
Q: Do you offer vehicle insurance?
A: It is a legal requirement when your vehicle is under finance to ensure it's comprehensively insured. We have an established relationship with a comprehensive insurer so this is another product we can do in house.
Q: Do you offer loan protection?
A: Yes. We offer you a range of insurance that take care of you in the event of the unforeseen occuring. These insurances are called Consumer Credit Insurance and can be added to your loan amount subject to our lenders approval criteria. Please note: Consumer Credit Insurance is an optional insurance.
Please note: Under FSRA Government regulations, our advisers are only licensed to provide General Advice on our insurance products. Please refer to our insurance company's product disclosure statement for further information on the above insurance products.
Q: What documents do I need to complete my finance application?
A: Our application and approval is simple. When you come to our office you need to provide the following documents:
- 1 recent pay slip or tax return
- Current driver's license
- Rates notice (if home owner)
Q: How are the funds transferred to the supplying car dealership and how are the loan agreements signed?
A: The loan agreements can be posted out to you for signing, or we can arrange for a finance manager to visit, or you can visit our office based in Prahran. Once contracts are signed the funds are electronically transferred in to the dealership's bank account in preparation for delivery of your new car. |
