1800Approved is a "one stop, whole life" financial solutions organization. Our mission is, by making you a customer today, we should make you a customer for life.
Australian owned and incorporated in QLD in the earlier part of this millennium, by Rodney Michail, as a property investor and family home owner, with an extensive background in the Motor Industry, saw a large hole within the finance industry in Australia. The question was posed "Why can I call my insurance broker and get the best insurance deal from multiple organizations with one phone call, yet be stuck with my bank and one set of products for all my financial and lending needs?".
The perfect answer came in form of 1800Approved. Your financial solution partner.
1800Approved has set itself to be a major player within the financial services field. With an aggressive expansion plan throughout Australia, look out for a 1800Approved retail branch opening in your locality soon!
While you find answers to the most commonly asked questions below, you can easily learn more by making an online Finance Enquiry or simply calling us toll free on 1800 277768.
This way we can better understand your personal or business circumstances to provide you with the most relevant information.
Q. I'm getting a car loan but I'm not sure which on-road extras I can include in the deal.
A. Compulsory charges include registration, government stamp duty, transfer and number-plate charge. It is common to have these included in a loan agreement.
Q. Do I need to provide additional security for a car loan?
A. Usually the motor vehicle being financed is sufficient security.
Q. What financial information do I need to provide to a lender?
A. Income, monthly commitments, assets and liabilities.
Q. Is it worthwhile getting loan insurance?
A. Life is full of uncertainties. An accident could reduce your income and jeopardise your ability repayments. Loan insurance offers peace of mind. Some lenders can arrange car loan insurance.
Q. I'm leasing a car and I'm not sure what residual value means.
A. It is an estimated value of the car at the end of the lease period. It is calculated using Australian guidelines, according to the vehicle's effective life and depreciation.
Q. As a part of a salary package, my employee is offering a novated lease. What could I be in for?
A. The vehicle is effectively leased to you then subleased to the employer who makes the payment on your behalf. Novated leases terminate when you finish employment with the company.
Q. What is a balloon payment?
A. It is the vehicle's estimated value at the end of a hire-purchase term. This amount will be payable as a final payment on your loan however typically you can trade your purchase for this amount of possibly even refinance it.
Q. How much can I borrow?
A. This depends on your income and asset position.
Links coming soon.
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