Borrowing power plays a major role in determining what kind of car you can afford and how comfortable your repayments will be. Many Australians assume their borrowing limit is fixed, but lenders actually assess a range of factors that can be adjusted with the right preparation. Increasing your borrowing power does not always require earning...
Category: Blogs
How a Car Loan Affects Your Credit Score (Plus The Top Credit Myths You Need to Unlearn)
For many Australians, a car loan is one of the first major financial commitments they take on. Yet despite how common vehicle finance is, there is still widespread confusion about how a car loan actually affects your credit score. Misinformation can lead people to avoid finance altogether or make decisions that hurt their borrowing power...
Redraw on Your Home Loan or Get a Car Loan: Which Option is Best?
When deciding between a home loan redraw and a car loan, it’s important to weigh lower interest rates against loan terms. A dedicated car loan is usually the better choice for most people, as it encourages faster repayment of a depreciating asset. A home loan redraw can work if you’re highly disciplined and consistently make...
Car Loan Tips: How Car Finance Calculators Work
Car finance calculators estimate your car loan repayments using key financial inputs and a mathematical formula. They help you budget and compare options by showing how factors like loan amount, interest rate, and loan term influence your monthly payments and total cost, making it easier to plan your purchase wisely. How accurate are car loan...
How to Apply for a Low Doc Vehicle Loan
Applying for a low-doc vehicle loan involves providing alternative proof of income such as bank statements, BAS statements, or a letter from your accountant rather than traditional tax returns. You’ll then work with a lender, often a specialist broker, who understands your business needs (an ABN is required), submit your application, and receive faster approval,...
What Lenders Really Look for When Approving Car Finance
Buying a car, whether new or used, can be exciting but also daunting, especially when it comes to securing car finance. Many Australians find themselves overwhelmed by the variety of options, interest rates, and approval processes. Understanding what lenders look for when approving car loans can help you navigate the process smoothly and secure a...
Income Requirements to Qualify for a Campervan Loan
Purchasing a campervan is a dream for many Australians, offering the freedom to explore the open road and create unforgettable memories. However, securing a campervan loan is not just about finding the right vehicle or lender it also heavily depends on your income. Lenders need assurance that you have a stable and sufficient income to...
Campervan Loan Insurance: What You Need to Know
Purchasing a campervan is a thrilling step toward exploring the open road, but it comes with financial responsibilities. One of the most important aspects to consider is campervan loan insurance. Many buyers focus solely on securing camper loans without realizing that insurance plays a crucial role in protecting both their investment and their financial wellbeing....
Can You Get a Campervan Loan With Bad Credit?
Purchasing a campervan is a dream for many Australians, offering the freedom to explore the open road and create unforgettable memories. However, securing finance can be a challenge, particularly for individuals with less-than-perfect credit. If you have bad credit and are wondering whether a campervan loan is still possible, you’re not alone. Many people assume...
Top Mistakes to Avoid When Financing a Campervan
When arranging campervan finance, common mistakes include skipping pre-approval, neglecting to check your credit score, and underestimating additional costs such as insurance and upkeep. Other pitfalls include focusing solely on monthly repayments, failing to compare multiple lenders, and choosing an excessively long loan term, which can result in owing more than the campervan’s value. What...
Campervan Financing Made Easy: How to Secure Your Dream Van
Financing a campervan starts with evaluating your budget and credit situation, then selecting a loan that fits your needs. Working with a lender helps ensure you get competitive rates and flexible repayment options. While the steps resemble traditional car financing, campervan loans may include unique considerations such as extended terms and specialized paperwork. How to...
What Is the Minimum Credit Score for Car Loan Australia?
Purchasing a car is a significant milestone, but securing the necessary financing can be challenging without a good understanding of credit requirements. If you’re considering a car loan, it’s crucial to know about the minimum credit score for a car loan in Australia. To qualify for a car loan in Australia, lenders generally prefer a...
What Are the Key Requirements For Car Finance In Australia?
Whether you’re a first-time car buyer or looking to upgrade, being well-prepared can make all the difference. Understanding the requirements for car finance in Australia can help you secure a loan without unnecessary stress. To secure car finance in Australia, you’ll need proof of income, a good credit history, valid identification, proof of residency and...
How To Finance A Car With No Credit?
Many people worry about how they can secure a loan without an established credit history. The good news is that you have options and strategies to help you get behind the wheel of your dream car. So, how to finance a car with no credit, you ask? Consider saving for a substantial down payment, exploring...