How to get a car loan

There may be number of finance questions you may have on how to get a car loan.  If we can’t answer all your finance questions here please contact us.  One of our friendly and experienced AAA Finance staff members will be able to answer all your finance questions.  Call today on (07) 5493 1222.

Frequently asked question on how to get a car loan

How do I apply to get a car 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.  

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 car loan approval with the best possible terms. There are a number of car loan options including a secured car loan, unsecured personal loan and business vehicle finance facilities.

What happens after I apply for a car 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.  Documents, such as your drivers license and payslips, will support your loan application .

What happens after my car 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 discuss and negotiate with the lenders that are best suit your individual circumstances.  This ensures that you get the most competitive interest rate available.

How long will it take to get my car loan approved?

We pride ourselves on providing our clients with quick approvals.  Most loans have an approval 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 car loan if I am self employed?

Yes.  We are very experienced in getting No Doc Car Loans and Low Doc Car Loans approved.  If you are self-employed or a small business owner with an ABN we can get you a great finance 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 car loan?

You will need to prove who you are and where you live.  Identification documents can include your drivers license, Medicare card, passport or birth certificate. Proof of residential address is via a 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 payment due at the end of the loan term.  You can either pay off the full balloon amount at the end of the loan or refinance the balloon amount.

A balloon payment means that your loan repayments will not pay off all of the principle of the loan. Consequently this results in a lower monthly loan repayment. Discover how a balloon payments works using our car loan calculator with balloon option.

Why use AAA Finance?

• Quick 24 hour approvals
• Easy application
• AAA Customer Service
• Competitive interest rates
• Experienced and qualified finance brokers