Car Finance
Your guide to getting Car Finance that is right for you.
Do you have your eyes set on your first car or looking at an upgrade to fit your growing family or lifestyle? Whatever your reason is, getting your new car is an exciting event. Sorting out your finances is an important step before making the purchase and one that Global Finance and Mortgages will make easy for you.
What is a Car Finance?
Car Finance is obtained to buy new or used vehicles including cars of all sizes, Ute's, 4WD and so on. The value of a Car Finance can be anywhere from $5,000 and above, depending on the purchase price and will typically have loan terms between 1-7 years. A vehicle loan either be secured with the purchased asset or an unsecured personal loan. At Global Finance and Mortgages, we will ensure you find the right finance to fit your needs.
Types of Car Finance
Loans for New Cars
New car finance can be used to purchase brand-new vehicles as well as demonstrator models. The benefit of purchasing a new car is typically lower interest rates, depending on the car's make and model.
Loans for Used Cars
Used car finance is for vehicles that are no longer considered new - and depending on the make and model can be up to 15 years old which generally has a higher interest rate when compared with new car finance however, this can vary between lenders.
Comparing Car Finance
When looking for the right car or vehicle finance in Australia, there are several factors to consider when choosing the right lender. These include:
- Your capacity to borrow
- Interest rates offered
- Advertised Interest rate: the actual interest rate which applies to your loan
- Comparison rate: a singular figure which aims to represent the true cost of a car loan, combining the interest rate with any additional costs associated with the loan
- Fixed or Variable
- Applicable fees
- Repayment terms, weekly, fortnightly, monthly
- Loan terms
When we look at who to finance through, we will always consider a lender's reputation and service levels to ensure they are in line with your brief and expectations
Frequently Asked Questions
Please reach us at mihir-patel@outlook.com if you cannot find an answer to your question.
Typically, approval times can be as little as 1-2 days provided the lender has all documentation required. To achieve a quick turnaround, provide all documents to our asset finance consultants.
- 100 Points of ID - Passport or Driver's License & Medicare Card
- Employment Details - Employer's name, contact details and recent pay slips
- Financial Details - Assets, debts, income and liabilities
- For Self-Employed Individuals - Financials & Tax Returns may be required. There may also be a requirement for ABN & GST registration for a certain period of time. (Generally, 2 Years registration is required for the major lenders)
Of course you can. We will help you find your borrowing capacity beforehand and even apply for a pre-approval so you begin to look with confidence.
Yes! We have a vehicle sourcing team available for your use for any new or used car purchase. Allow us to take the hassle out of finding your new car by assisting you with your finance and sourcing the vehicle.
- We may charge a small fee when sourcing used vehicles.
- For new cars, we will source the vehicle free of charge.
☎️ 0415 075 657 📧 mihir-patel@outlook.com Torrensville, SA 5031
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Your complete financial situation will need to be assessed before acceptance of any proposal or product.
Credit Representative 531017 is authorised under Australian Credit Licence 384324
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