Top 5 Car Buying Mistakes
Some of us want to get behind the wheel of a new car as quickly as possible. We go with what our hearts tell us and forget what our head is saying. Sometimes the car we buy is a mistake. It’s not one you can easily take care of either, considering new cars lose their […]
How a Chattel Mortgage Saves You the Most?
Chattel Mortgages are a popular choice for business owners who want to save money on car finance. Chattel Mortgages sound similar to most other car finance products, but have some significant financial advantages over consumer loans and hire purchases. Here’s how a chattel mortgage saves you the most when it comes to car finance. Interest and depreciation […]
Car Loans Tips For Discharged Bankrupts
Getting out of bankruptcy is a huge achievement, but unfortunately it is not the end of financial challenges for many people. While the Australian Financial Security Authority outlines that a discharge “means your bankruptcy has ended and you are no longer bankrupt”, your name will still appear on the public record as a discharged bankrupt. It […]
Top Tips for Buying a Car at Auction
Buying a used car can be a hassle sometimes. You have to arrange a time with the seller to see it, fill out endless paperwork and in some cases, there’s a whole lot more risk involved. But there is an alternative, and that’s buying your next car at an auction. If you buy from reputable […]
Why Was My Car Loan Application Denied?
If you’ve been looking for a car loan and been denied more often than not, it may leave you wondering why. There are many explanations why lenders decide against lending to you. Here are some of the most common reasons and what you can do to improve your chances when you apply for loans in […]
Buying a Car From a Private Seller With Bad Credit
If you have bad credit you may think buying from a private seller is all but off limits to you. You may feel lenders will restrict you to licensed dealer sales. The fact is some lenders will allow you to purchase vehicles from private sellers. As you may well be aware, bad credit car loans usually attract higher […]
Bad Credit Car Loan Interest Rates
Banks and other lenders reject people for finance due to a number of different factors. These people are often refused because they have defaulted on loans, were late in paying bills or have just run into bad luck. Others may have no credit history. What this all adds up to in the eyes of financiers […]
Refinancing Car Loans With Bad Credit
There’s a little known fact about bad credit car loans that saves people time, money and their credit rating – it is in fact possible to refinance your bad credit car loan after a certain amount of time. If you’ve been paying off your car loan on time and in full each repayment period, you […]
Can I get a car loan with bad credit and no deposit?
If you have bad credit and no deposit and need a car, don’t despair. You can still get behind the wheel even if mainstream lenders have rejected your applications. Some lenders are prepared to lend up to 1.5 times the value of the vehicle you intend to purchase. This means you can also finance insurance and […]
Why do Lenders Need to Check My Credit When I Apply for a Car Loan?
If you’ve never applied for a car loan before, the lender or broker will always conduct a credit check. They use automated tools to view your credit history and assess whether they will lend money to you. Sometimes you’ll also have to bring supporting documents like payslips, residential history or bank statements. That seems like […]