--- title: Car Loan Application – A guide to Getting Approved description: Car Loan Application – A guide to Getting Approved image: http://www.1800approved.com.au/hubfs/approved.png --- [![1800 Approved Finance Solutions](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png)](https://www.1800approved.com.au) ### [**1800 277 768](tel:1800277768) #### WELCOME TO # Our blogs Our aim is to supply you with the best information that you can be confident in your knowledge when you make an application with us. # [![logo-easter-d](https://www.1800approved.com.au/hs-fs/hubfs/Easter%20Campaign%202022/logo-easter-d.png?width=268&name=logo-easter-d.png)](https://consumer.zink.com.au/v1) ### Other Posts - [COVID-19 proof your business cash flow – with a little help from the government!](https://www.1800approved.com.au/blog/covid-19-proof-your-business-cash-flow) - [$150,000 Tax-write Off — Going, Going, Gone](https://www.1800approved.com.au/blog/tax-write-off-going-going-gone) - [Current combination of events means it's the best time to buy a car](https://www.1800approved.com.au/blog/the-current-combination-of-events-means-its-the-best-time-to-buy-a-car) - [How to protect your credit score during this COVID-19 pandemic](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow-0) - [Tips on how to manage your business cash flow— How the stimulus package is geared to help.](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow) - [**](https://www.facebook.com/sharer/sharer.php?u=https://www.1800approved.com.au/blog/car-loan-application-a-guide-to-getting-approved) - [**](https://twitter.com/share?url=https://www.1800approved.com.au/blog/car-loan-application-a-guide-to-getting-approved) - [**](https://plus.google.com/share?url=https://www.1800approved.com.au/blog/car-loan-application-a-guide-to-getting-approved) - [**](https://www.linkedin.com/cws/share?url=https://www.1800approved.com.au/blog/car-loan-application-a-guide-to-getting-approved) - [**](http://www.youtube.com/user/?url=https://www.1800approved.com.au/blog/car-loan-application-a-guide-to-getting-approved) ## Car Loan Application – A guide to Getting Approved Posted by [Ken Edwards](https://www.1800approved.com.au/blog/author/ken-edwards) on 15 November, 2016 ![approved.png](http://www.1800approved.com.au/hs-fs/hubfs/approved.png?width=320&name=approved.png)Applying for a car loan can be gruelling and frustrating if you are not prepared for it. The Good News is that a Finance Broker can help you understand and de-mystify the Car Loan Application process. Of course, there are some things you can do yourself to be prepared that will help ease the approval process and make it a smooth one. How do you prepare to “almost” ensure an approval? I say “almost” because the final decision rests with the finance company but you can help them make the task easier for you by doing the following: ## **Check your monthly income and expenses** Simple. Spend less than you earn. If your income is lower than your typical cost of living, this may have a negative impact on your chances of a [Car Loan approval](https://www.1800approved.com.au/car-loans/). Your expenses will determine whether you still have enough money remaining each month to pay for a new loan. If you're in this situation, alternatives can include; - Using another asset as additional security for the loan – however, remember this puts the asset at risk of being seized if you default on the loan. - Asking your broker or lender if you can use a guarantor. For example, if you're still at university your parents may be willing to guarantee the loan. ## **Check your credit score** If your credit score is not-as-high-as-it-could-be, you may find it difficult to get approved. Many lenders now offer bad credit car loans, however, the interest rates are generally considerably higher. It is advisable to keep your credit score in good shape.  A higher credit score when applying for a car loan will increase your chances of getting approved for a loan with a lower interest rate and lower monthly repayments. Here are some tips to fix your credit score; - Pay your bills on time. - Pay off your debts. - Consolidate loans so they are easier to manage. - Do not max out your credit card limit and always pay more than the minimum monthly repayment amount required to limit the amount of interest you pay. ## **Save some money in the bank** Savings show that you are able to manage your finances well and that you have enough money left after your monthly expenses are taken care of. Assessing your financial capability is important before applying for a car loan. This will save you from the hassles of going through the application process only to get declined in the end. Alternatively, it is advisable to speak with a knowledgeable [finance broker](https://www.1800approved.com.au/) to assist you through the process all the way from self-assessment to approval. Topics: [Car Loans](https://www.1800approved.com.au/blog/topic/car-loans) [![1800Approved_dark](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png "1800Approved_dark")](https://www.1800approved.com.au/new) #### join our newsletter Keep up with the latest tips #### Financial Services #### Company #### Resources 2008-2026 © Ausloans Pty Ltd Australian Credit Licence # 383 999 - [**](https://twitter.com/1800Approved) - [**](https://www.youtube.com/user/1800approved) - [**](https://www.facebook.com/1800Approved) - [**](https://www.linkedin.com/company/1800approved-finance-solutions) - [**](https://plus.google.com/+1800approvedAu) ![](https://www.facebook.com/tr?id=2099318183729557&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=759887617369365&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=122106498438777&ev=PageView&noscript=1) ![](https://bat.bing.com/action/0?ti=5128956&Ver=2) [![ClickCease](https://monitor.clickcease.com/stats/stats.aspx)](https://www.clickcease.com) ```json { "@context" : "http://www.schema.org", "@type" : "FinancialService", "address" : { "@type" : "PostalAddress", "addressCountry" : "Australia", "addressLocality" : "Gold Coast", "addressRegion" : "Queensland", "postOfficeBoxNumber" : "4214", "postalCode" : "4214", "streetAddress" : "33 Ereton Dr. Arundel" }, "aggregateRating" : { "@type" : "aggregateRating", "ratingValue" : "4.6", "reviewCount" : "233" }, "areaServed" : "Queensland, New South Wales, Victoria, South Australia, Tasmania, Australian Capital Territory, Northern Territory, Western Australia, Sydney, Perth, Melbourne, Hobart, Darwin, Brisbane, Adelaide, Gold Coast, Canberra, Newcastle, Wollongong, Logan City, Townsville, Geelong, Sunshine Coast, Cairns and Albury/Wodonga", "award" : "Australian Broking Awards - Asset Finance Broker of the Year 2016", "brand" : { "@type" : "Organization", "name" : "1800Approved Finance Solutions" }, "contactPoint" : { "@type" : "ContactPoint", "contactType" : "customer service", "telephone" : "1800277768" }, "description" : "A leading motor vehicle finance broker in Australia since 2008. Winner of the 2016 Asset Finance Broker of the Year. We specialize in car loans, truck finance, business loans, equipment loans & other finance services.", "email" : "sales@1800approved.com.au", "faxnumber" : "1300852884", "founders" : { "@type" : "person", "name" : "Rodney Michail" }, "geo" : { "@type" : "GeoCoordinates", "latitude" : "-27.937302", "longitude" : "153.38525" }, "hasMap" : "https://www.google.com.ph/maps/place/1800+Approved+Finance+Solutions/@-27.937302,153.38525,15z/data=!4m5!3m4!1s0x0:0xecb753a025b02065!8m2!3d-27.937302!4d153.38525", "image" : "https://www.1800approved.com.au/hubfs/blog/1800%20Approved%20Finance%20Solutions.jpg", "logo" : "https://www.1800approved.com.au/hs-fs/hubfs/1800approved-logo-1.png?t=1492472876793&width=250&name=1800approved-logo-1.png", "memberOf" : { "@type" : "Organization", "name" : "Finance Brokers Association of Australia" }, "name" : "Motor Vehicle Finance", "openingHours" : "Mo, Tu, We, Th, Fr, Sa 08:30-17:30", "sameAs" : [ "https://www.facebook.com/1800Approved", "https://twitter.com/1800Approved", "https://plus.google.com/+1800approvedAu", "https://www.youtube.com/user/1800approved", "https://www.linkedin.com/company/1800approved-finance-solutions" ], "telephone" : "1800277768", "url" : "https://www.1800approved.com.au/" } ```