Frequently Asked Questions

What’s my interest rate?

Interest rates can vary depending on the age of the vehicle you are buying, your credit file, credit score, assets and liabilities. Our rates start at 4.29%* for brand new cars and go up from there.

* based on a commercial contract for a new vehicle with specific criteria.

Can I exit my loan early?

Yes, generally if you are not in a lease, loan exit fees are quite small as low as $10 for every month you terminate early, i.e. 10 months early $100 fee. Please ask your broker for details on your specific loan and lender.

Do I get charged if I’m unsuccessful?

There is no charge to you if your application is declined. Our fees are charged to the lender not to you.

What’s difference between loan and a lease?

A lease is for business use and will be 100% tax deductible, however, you will also have large break fees if you try to terminate your lease early.

Will it show on my credit file if I’m declined?

No, it does not show on your credit file as a “declined”. It shows as an enquiry for finance only. More than 6 enquiries in a 12 month period may slow your application for finance.

How long does the whole process take before I can pick up my vehicle?

Once your loan is approved and signed by you we can potentially settle your deal and pay into the vendor’s bank account within 24 hours.

Do I have to pay the fees myself?

Any fees and charges such as government registration or brokerage will be added to your loan and you should not have any out of pocket expense for these.

What do I need to supply in order to get a loan?

To speed your loan up there will be 3 things we need to confirm with documentation required - your income, your id, and a receipt for the goods your buying.

What is the minimum amount I can get a loan for?

We can potentially get you a loan for any amount over $8,000.

Other Questions

There may be more questions you have which we will be happy to answer for you.  Please use our Contact Us page to send us your question/s.