Knowledge Hub

At 1800Approved we like to educate our clients to be better informed when applying for a loan with us.

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ERIC Comprehensive Insurance

 

What is Comprehensive Insurance?

Comprehensive car insurance ensures your valuable asset is taken care of in case of accidental damage or theft. It also helps pay to replace or repair your vehicle from fire, storm, or hail damage. Regardless of which party is responsible, comprehensive insurance covers the cost of repairs. Minimize your loss from not so great drivers or thieves by using our comprehensive insurance benefit.

ERIC GAP Insurance

 

What is GAP Insurance?

Guaranteed Asset Protection (GAP) Insurance is protection against this potential loss: it helps protect you from a shortfall between your finance payout and insured value of your vehicle if it is written off. By paying a once-off premium, GAP Insurance can provide you with peace of mind for the life of your car loan. 

ERIC Consumer Credit Insurance

 

What is Consumer Credit Insurance?

Often without warning our financial situation can change dramatically. An illness which goes on longer than expected or perhaps an accident which puts the breadwinner out of action for many months. Consumer Credit Insurance (CCI) can help you if you ever get into difficult times or choose to end your loan term early. Reduce your risk of financial loss by using our payment protection benefit.

ERIC Warranty Insurance

 

What is Warranty Insurance?

A typical vehicle owner will still be enjoying their vehicle long after their warranty expires, risking an increase on the overall cost of ownership. Extended auto warranty insurance can help reduce the financial risk of costly repairs for several years beyond your existing warranty. Minimize your exposure for out of pocket expenses with coverage that goes the distance by using our mechanical breakdown benefit.

ERIC Total Assist Insurance

 

What is Total Assist Benefit?

In the event of loss, insurance excess, personal items in the car, medical expenses or medication, and expenses of public transportation or hired cars while your car is off the road is not covered by comprehensive car insurance. Total assist benefit provides a payment for these unplanned expenses.
ERIC Return To Invoice Insurance

 

What is Return to Invoice Shortfall benefit?

Vehicle depreciates as it gets older. Return to invoice shortfall benefit helps bridge the gap between the value paid by the insurer and initial purchase price, helping avoid added unexpected cost to an already difficult time.

Your Credit Score and You

Worried about your bad credit?
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so lenders have a more informed view!
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Is bad credit stopping you from getting a car loan?
Stay informed on how to improve your credit score
and you'll be driving a new car soon!

(Click image for a quick guide on your credit score)credit score australia
 

FREQUENTLY ASKED QUESTIONS

ABOUT MY LOAN

Making an application is quick and easy – you just need to have the following documents ready to give your broker:

  • Current Australian Residency Identification 
  • 2 recent payslips
  • Or one current bank statement 

In short the answer is No, you can source your own car. We offer a holistic solution to our customers, from financing to sourcing a vehicle at the most competitive rates and specs that suits you through our vehicle solutions partner – Drive.

We are a multi award winning independent finance group who believe in helping people achieve their dream or goal with our holistic solution we compare 40+ Lenders. Arranging everything from finding the right finance at the best low interest rate and a no deposit that suits you to sourcing the right vehicle – finding the right vehicle, that suits you, through our vehicle solutions partner – Drive

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 as low as 4.69%* for new vehicles for business use customers. 
* based on a commercial contract for a new vehicle with specific criteria.

A balloon payment allows you to reduce your repayments during the term of the car loan by making a once-off lump sum payment at the end of your loan. For example, if you were to take a $30,000 loan over five years with a 30% balloon, your regular repayments at a comparison rate of 8.10% would drop from $609.73 per month to $467.24 per month with the addition of a $9,000 lump sum payment due with your final payment. 
Balloon payments are available for cars that are up to five years of age. We will contact you within the last six months of your loan term to discuss your payment options. Your payment options could include re-financing the balloon amount in a new car loan. Alternatively, you could pay this balloon payment from your own funds. 

APPLICATION AND APPROVAL

Once we receive your online application, you will be contacted by one of our experienced brokers, within 2 business hours. The timeframe from our high approval rate to completion can be anything from 1 hour under ideal circumstances. Give us a call on an obligation free discussion with one of our experienced brokers. to walk you through our fast and easy approval process

If you apply for finance with 1800 Approved as an ABN customer you can:

  • Apply with less documentation,  
  • Receive discounted interest rates between 0.4 - 3% less than a consumer loan.
  • Benefit from a tax write off with your finance– we recommend speaking to your financial advisor before you apply. 

Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged we can be able to assist you. Click here for assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. Alternatively

QUESTIONs ABOUT MY CREDIT

The short answer is yes, if your repayments are 14 days overdue or more then this will most likely be recorded on your credit score. At 1800 Approved we believe that everyone deserves an opportunity, so give us a call on 1800 2777 6899 an obligation free discussion with one of our experienced brokers. Alternatively, To learn more download our E-book

At 1800Approved we believe in assessing your circumstances today and finding a solution that best suits you. We do this with the help of our 40+ lender portfolio, so give us a call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. Alternatively click here for assessment that will not damage your credit score.

At 1800 Approved, unlike a bank, we will not show on your credit file as a “declined” if your application is unsuccessful. We do not leave an impressions on your file as part of our assessment. More than 6 enquiries in a 12-month period may affect your application for finance.

Our Lenders

What our customers are saying

Excellent Jed Sloane 100 percent focused a credit to your company
— Darren Wells
Thank you for all your hard work.
— Kelly Caskie
Great service and down to earth staff.
— Jamie
Shamiez was bloody fantastic. There was no bullshit... whatever I wanted she did for me. Very happy!
— Aaron
The service I received was very prompt. I would recommend 1800Approved to anyone wanting to use a positive lender. Thank you for making this a positive experience for me.
— David Dring
Really stressful time for me and Adam Robertson took all the stress away by giving the best service ever.
— Andrew Findlay
Thanks for great service! You guys were really helpful! I will definitely use you for any financial solutions.
— Dillie, Townsville
I was very happy with the service. Mathew Muir was very easy and understanding with all my questions and had everything set out really well he saved me time and was very proffesional in the way he conducted the business side of things. I would have no hesitation in recommending your company and Mathew to friends and associates I deal with in the future. A job well done.
— Ashley Austic
If I was ever needing finance again I would be calling 1800approved and only asking for Lisa Smyth. I would recommend her to anybody and everybody. We were extremely lucky to have had her as our broker.She pushed through our finance incredibly fast. She even chased up the bank when they were holding things up. She was extremely efficient very knowledgeable in her job and nothing was too much trouble.
— Lori
Great service, went the extra mile to get a deal done.
— Heinz Schwarzer
Thank you so much for your help. I'm so happy I decided to go with you guys. Fantastic service from Cathy.
— Tami
Thank you so much you changed my life.
— Aneta Dadok
Well done Cathy done a great job and I look forward to working with her again.
— Jason Sullivan

1800Approved is rated 4.9 in overall satisfaction by Google Google