How to get a loan
There may be number of finance questions you may have when you need to get a loan for a vehicle. If we can’t answer all your finance questions here please contact us. One of our friendly and experienced AAA staff will be able to answer all your finance questions. Call today on (07) 5439 7166 or enquire online.
How do I apply to get a loan?
It’s easy! Either give one of our experienced staff a call to make a 5 minute over the phone application. Or make a quick online loan enquiry on our website. One of our friendly finance experts will contact you to discuss your individual circumstances. Will will get a loan for you!
Everyone has different individual circumstances. Our experience staff will take into consideration your salary and work history, finance history, assets and liabilities, credit history and deposit amount. We will work hard to ensure that you get a loan approval with the best possible terms.
What happens after I apply for a loan?
We approach a number of lenders to discuss your individual situation so we can get you the best deal. We then contact you to discuss the loan details. Once you have agreed to the loan terms we finalise your loan application. You will be required to supply documents to support your loan application such as your drivers license and payslips.
What happens after my loan is approved?
We arrange with you a suitable time and place to sign your loan documents. We arrange payment of your vehicle to the seller. You then drive away in your new purchase - easy!
Can AAA Finance get me the best interest rate available?
Absolutely! We have a large range of lenders from which to select from. We present your loan application to those lenders that are best suited to your individual circumstances. This ensures that you get the most competitive interest rate available.
How long will it take to get my loan approved?
We pride ourselves on providing our clients with quick approvals. Most loans are approved within 24 hours.
Can I get a pre-approved loan before I decide on a vehicle?
Yes. A pre-approved loan is a great way to determine your budget and future repayments before deciding on a vehicle. Pre-approvals can also help you negotiate a better deal!
Can I still get a loan if I am self employed?
Yes. We are very experienced in getting No Doc Loans and Low Doc Loans approved. If you are self employed or a small business with an ABN we can get you a great loan deal.
Can I still get a loan if I have a bad credit rating?
Yes. We have specialist lenders that approve loans for people with a bad credit rating. If you get a loan and making regular repayments you can also improve your credit rating. AAA Finance and Insurance will work hard for you to ensure the best loan outcome.
What documents do I need to get a loan?
You will need to prove who you are and where you live. Documents can include your drivers license, passport or birth certificate and rates notice or rental agreement. You will also need to confirm your employment and salary via pay slips and/or bank statements.
What is a balloon payment?
A balloon payment is a lump sum payment usually paid at the end of the term of the loan. You can either pay off the full balloon amount at the end of the loan or the balloon amount can be refinanced.
A balloon payment means that your loan repayments will not pay off all of the principle of the loan. This reduces the monthly loan repayments throughout the term of the loan.
About the author
Peter Watman has extensive finance and automotive experience having worked in both industries for over 30 years. Peter founded AAA Finance and Insurance in 2012. He leads an experienced team that provides quick and easy finance solutions along with exceptional customer service.