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Can I refinance a car loan with bad credit?

There aren’t too many options in regards to refinancing a car loan with bad credit. Most motor financiers won’t even allow a refinance of a standard car loan. There could be ways around this though, as long as your current bad credit car loan has...

Whats the most I could borrow on my car loan?

To establish how much you could afford to borrow you'll first need to determine your maximum allowable monthly repayment based off the lender’s affordability calculators. Each lender’s standard living expense may be slightly different and they could...

How do I use my car allowance to get a car loan?

Many employers these days are offering car allowances as opposed to company cars, as then the employee is required to go and take out a form of car loan for themselves and if their employment ceased with their current employer, the car loan carries...

What are balloon payments?

A residual value or balloon payment is a term originating from lease agreements. The residual value is a forecasted depreciated value of your asset at the end of your lease term. The residual values have set guidelines in place for motor vehicles...

What is a no-doc car loan?

A no doc car loan is a business use car loan where no proof of income is required of the buyer, making it quick and easy for business customers to apply for the finance they need without having to generate a cash flow or income statement as they...

What's the difference between a Chattel Mortgage and a Consumer Loan

The main difference between a Chattel Mortgage and a Consumer Loan is that a Chattel Mortgage is a business use loan product which means the vehicle must be used predominantly for business use, which is 50% or more business usage. The outcome of...

Can I get a car loan with a 457 Visa?

The short answer is, yes! But it's not as simple as applying for a loan as a Citizen or Permanent Resident.

What is a car loan comparison rate?

A comparison rate is used when advertising finance rates or repayments. It is not to be confused with an interest rate, as this is the rate shown on a finance contract and that rate that your repayments will be calculated for. A comparison rate is...

Five ways to secure finance with bad credit

Good preparation before applying for finance with bad credit is key to getting good service, a good rate and the finance you need. You’re asking for a second chance, so it’s important to give them a reason to give you one. Here are our top five tips...

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