Car Loan for Students in Australia

1
Car Loan for Students in Australia YES YOU CAN!

• 33 Ereton Dr. Arundel, QLD 4214

1800-277-768 Email sales_at_1800approved.com.au Webs
ite http//www.1800approved.com.au
2
Car Loan for Students in Australia

• Car finance for students may seem a little out of
  reach since there is always the issue of
  repayment but you'll be happy to know that there
  are ways to get approved for a car loan in
  Australia even if you are a student.

3
Tips to Getting Approved for a Student Car Loan

• Build a solid credit history - This may take some
  time but this is your best bet in proving your
  credit worthiness and getting a lower interest
  rate once you apply for the loan.

4
Tips to Getting Approved for a Student Car Loan
How To Improve Your Credit Score

• Pay your bills on time. Defaults can hurt your
  score for a long time so make sure to avoid them.
• Don't go applying for credit cards you do not
  need. Keep one or two and manage them wisely.
  Opening and closing credit accounts relatively
  quick is bad too and should be avoided.
• Check your credit report regularly. This makes
  you aware of your score and helps avoid identity
  theft.

5
Tips to Getting Approved for a Student Car Loan

• Save up for a bigger upfront payment - The larger
  the down payment, the lower the interest rate and
  repayments. This also demonstrate your
  responsibility and financial capability so
  getting approved will be easier.

6
Tips to Getting Approved for a Student Car Loan

• Get a Guarantor - A guarantor increases your
  chances of getting approved for the loan
  immensely.
• This is because the guarantor is bound to assume
  responsibility should you start missing payments.
  
• A parent or partner usually acts as a guarantor
  but make sure not to default on your loan so an
  not to put your guarantor in trouble.

7
Types of Student Car Loan

• Secured - This is the most common type of student
  car loan and probably the most preferred by
  lenders. How it works is that if you miss
  repayments, the lender can repossess you car.
• Unsecured This comes in the form of a personal
  loan where you use the proceeds to buy a car.

8
Additional Expenses To Consider

• Car registration expenses
• Insurance (usually mandatory)
• Stamp Duty
• Delivery charge if you're buying a new car

9
Additional Expenses To Consider

• Gas
• Regular maintenance costs
• Optional Extended Warranty

10
Eligibility

• 18 years or older
• Australian resident
• Car age and condition if you are buying a used
  car.

11
Compare Student Car Loans

• Interest rates - Interest rates vary from lender
  to lender and are usually higher if you are
  buying a used car. This process may take some
  time but is way better than missing out on a
  better deal.

12
Compare Student Car Loans

• Fees, fees, and fees - There are many fees that
  you need to be aware of like pre-termination
  fees, late payment fees, loan management fees,
  etc... These are usually on the fine print and
  are not openly discussed unless you ask so make
  sure to read and ask all the questions that could
  affect your finances.

13
Compare Student Car Loans

• Features and Flexibility - This is usually in
  terms of your payment structure. Can you pay the
  loan early? Can you pay more than your monthly
  dues if you have extra money? Do you get
  discounts if you pay early and pay more? etc...

14
Car Loan for Students in Australia

• Due diligence is important when looking for car
  financing especially for students. You don't want
  to miss out on a better deal just because you
  were hurrying or failed to compare as many deals.

This is where finance companies like 1800Approved
comes in. Most are partnered with numerous
lenders which makes car loan comparisons a
breeze. All you need to do is call or fill up an
online application form and quotes will be sent
in a matter of hours. They will even assist you
in choosing the best deal.

• 33 Ereton Dr. Arundel, QLD 4214

1800-277-768 Email sales_at_1800approved.com.au Webs
ite http//www.1800approved.com.au
15

• We specialize in
• car loans
• caravan loans
• truck loans
• boat loans
• jet ski loans
• equipment loans
• motorcycle loans
• insurance and
• warranty.

• 33 Ereton Dr. Arundel, QLD 4214

1800-277-768 Email sales_at_1800approved.com.au Webs
ite http//www.1800approved.com.au
We are partnered with more than 30 lenders.
Contact us now and get the best deal!