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Car finance checklist

Jan 1, 2016 | Insights

Need vehicle finance for a new car? Learn how to make good decisions when getting a car loan.

Are you looking for a financial boost to help you purchase a new or used car for personal or business purposes? Instead of racking up credit card debt or depleting your emergency savings, consider taking out a car loan from Finance One. In five simple steps, you could be exploring Australia from behind the wheel of your new car.

 

1. Check Your Credit

Before you begin your application for a car loan, make sure you know your credit history. Knowing this information before you apply will give you a sense of how much money you can borrow and if the lender you have in mind will be willing to help you out. If you have bad credit, be upfront about your situation when you approach your lender. Finance One understands that even the most responsible borrowers can have bad credit, and offers bad credit car loans to candidates who demonstrate they’ll be able to repay the loans despite previous financial problems.

 

2. Decide On Your Budget

Before you begin looking at cars, make sure you know what you can realistically afford. How much can you repay each month with your current income? If you’re already struggling to pay the bills, you might want to look for a used car or a sturdy, less expensive model that will last you a decade.

 

3. Do Your Research

Start searching for the right car for you. Now that you have an idea of what you can afford, narrow your search to cars that fit your budget. Don’t forget to check with friends and take a look at personal ad sites like Gumtree for amazing finds.

 

4. Apply For Your Car Loan

Finance One makes the application process clear and simple, and will support you each step of the way. You can even apply online from where you’re currently sitting! Make sure you have identification, banking history, and proof of address ready, and contact our staff with any questions or concerns.

 

5. Buy Your New Car!

Finance One will keep you updated throughout the loan approval process, allowing you to plan for the big day. We have a solid reputation for delivering quick car loans, so you’ll be on your way to buy your car in no time.

Knowing that your purchase was thought through and a reasonable choice for your financial situation will help you enjoy your new car even more. Contact our friendly finance team today to get started on your car-buying journey!

 

The information contained in this blog is accurate only at the date of publication. 

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WRITTEN BY

WRITTEN BY

Makala Elliott

Makala is the Marketing Manager at Finance One. She has worked in the Finance and Lending industry for over 10 years, gathering a wealth of experience. She is passionate about helping Australians get back on track with their finances by passing on her knowledge.

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