Looking for a hassle-free way to get a car loan? Applying for car finance online could be a good solution. Unlike applying for a loan at a dealership or from a brick-and-mortar lender, you don’t have to spend a whole day filling out forms while speaking to pushy sales representatives. With an online car loan application, you can do everything from the comfort of your own home at your own pace.
Here’s what the online car application process looks like with CarLoans.com.au:
Step 1: Figure out what you need in a car loan
Are you buying a used car or a brand new one? Is the vehicle for personal or business use? What’s your budget? Before you start your online car loan application, it’s best to figure out the basics so we can narrow down your car loan options.
It’s a good idea to check your credit score before applying for a loan, as well. Your credit score and financial situation may affect the success of your application and the kind of interest rates you may be approved for. If you don’t have a very high credit score, you may want to take some time to build it back up. Those with low credit scores may prefer bad credit car loans or finance options like it.
Step 2: Gather the needed documents
Once you know what type of car loan you need, it’s time to call the expert brokers at CarLoans.com.au and discuss your application and what requirements you need to submit to complete your application. Usually, you’ll need to send over the following documents when applying for an online car loan:
- Personal identification and information
- Vehicle details
- Proof of income
- Assets and liabilities
You may be asked to submit additional supporting documents depending on the lender’s discretion. The application process will be handled by our brokers, so all you need to do is prepare the requirements.
Aside from the needed documents, you must also meet the eligibility criteria, where borrowers must be:
- At least 18 years of age
- Employed or have a regular source of income
- An Australian citizen or a permanent resident of Australia
Most lenders have requirements on what kind of vehicle borrowers may purchase. We’ll go through our network of lenders to see which one is most suitable for your needs.
Step 3: Choose a car loan offer
After you submit the needed information, our expert brokers will go to work to find a suitable deal from our expansive network of car finance lenders and dealerships. After we’ve received the loan offers, we’ll send you a list of car loan options for you to choose from.
As a car loan broker, we’re here to help you find the ideal car loan for your situation. You don’t have to spend hours shopping around for a loan, nor speak with endless representatives just to find competitive interest rates. We’ll do all the heavy lifting so you can save time and money with minimal effort.
To help you choose the right car loan, you can try calculating your potential car loan repayments. Discuss your options with our expert brokers and weigh the pros and cons of each offer carefully.
When you’ve chosen a car loan offer, we’ll start the car loan application process on your behalf. From the beginning of your application to the final settlement of your car loan, we’ll assist you every step of the way.
Getting a car loan online can be more convenient than applying in person, especially when you have the expert services of CarLoans.com.au at your disposal.
Step 4: Drive away with your new car and start making repayments
After everything has been settled and you’ve made your vehicle purchase, all that’s left to do is drive away with your new car! Your car loan repayments will start in accordance with your car finance agreement.
Ready to apply for a car loan online?
Get a free quote today! Or arrange a call with our expert brokers so you can get started on your car loan application. If you have any questions, feel free to reach out by calling 1300 889 669.