Looking for a new car can be quite exciting, especially if you're buying your first car! Avoid the pitfalls of missing out on that perfect buy because you didn't get approved for loan or it took too long to get the finance sorted. We have compiled the below car finance approval tips to help you get on the road sooner!

First and foremost, you will need to demonstrate that you're not a high risk to lend to by showing evidence of your income through pay slips or bank statements. All banks and lenders will perform a credit check so it's important to make sure you'll pass the check by not having any large outstanding debts or negative credit history. Further to this, you should try to have a budget range in mind before you start your car search so that you can make sure the loan repayments are both affordable and practical to your situation.

Finance for newer cars also have a higher success rate as they have a greater resale value and are generally considered to be a safer option to borrow against.

To make the entire process easier, you may choose to get a pre approved loan first so you can search for a car with greater confidence, knowing exactly how much money you will have to spend.

Just as every borrower is different, every Financier is different, each with varying lending conditions and varying appetites for risk, but will need to provide your driving License details and your income and expenses details to every Financier.

How do I apply?

You have a number of application options available to you.

Option 1.
You can simply fill in the “Contact Me” request in our on line application and one of our experienced Professional Credit Analysts will contact you at a time that best suits you. This way, particularly if this is your first Car Finance Application, we can guide you through the credit maze as we know exactly which Financier will be your best matched to your credit profile and importantly we know exactly what information that Financier needs to approve your car finance application.

Option 2.
Complete our on line Application form and give us as much information as you can. Our Analyst will begin making an assessment as soon as receive your application. Any gaps can be filled in over the phone and our Analysts will advise you what supporting documentation you will require.

Option 3.
Do you need to talk urgently with an Expert Credit Analyst? Free phone 1 800 13 55 12.

There are a huge range of options in the market place, but as a general rule if you are buying a car for personal use only the Car Finance Contract will be a Regulated Credit Contract generally referred to as a Consumer Contract.

Business buyers have a wider range of contract options available to them, the benefits of each option will vary from buyer to buyer and will be dependent on their business structure. Our Credit Analysts can discuss these with you.

Sometimes we are presented with too much choice and this can make the decision making process very difficult particularly when weighing up the pros and cons of two items. We all ask ourselves which is the best value? Which is the better car? Is the price difference worth it? How reliable is this one relative to that one.?

Our online car search lists a range of quality vehicles for sale from leading car dealerships around Australia. Search by state, price, make or model and be assured that the vehicles are of good quality.

Buying a Car from a Private Vendor can present a range of unique problems. Many Financiers will not provide Car Finance, and, or where they do, the process is complex and extremely time consuming. At Cars and Finance direct we have simplified the process based on years of experience helping everyday Aussies buy cars from Private Vendors.

Simply fill out our on line application form and indicate that you are buying Privately and we will do the rest. You can also use of web site to look at a range of Private Sale Vehicles with Finance available through Cars and Finance Direct to approved persons. It doesn’t get any easier than this.

1. Know what you are buying. This means you check it out head to toe and find out its history.
2. Run a PPSR check on the Car.
3. Have your finance pre arranged if possible.
4. Make sure your Financier is happy with the price you are paying.
5. Have someone with a dispassionate eye look at the Car.
6. Use a expert to get your Car Finance approved.
7.Enjoy your car.