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Where To Source The Loan For Your Next Car

Posted On 26/09/2020

Looking for a car loan but don’t know where to find it? What’s the lender’s policy and What documents they required in order to approve the loan? Let’s find out under the Asset Finance Car Matrix Below, (lender’s policy changed from time to time, please contact us for any updates.)
Purchase Source
Dealer/Private
Max. Age of Asset at start of loan
N/A
Max. Age of Asset at end of loan
12
Asset backed (Home owner/Mortgagee)
No
Minimum Deposit required
No
Clear Credit History?
Yes
Tax debts - Arrears?
No
Min ABN/GST Registration (Years)
1
Min Equifax score
N/A
Max Loan amount
$150,000
Fast Track Documents
Last BAS,Last 12 months Tax Portal.
Establishment Fee
$375
Overall Rating
Purchase Source
Dealer/Private
Max. Age of Asset at start of loan
4
Max. Age of Asset at end of loan
N/A
Asset backed (Home owner/Mortgagee)
Yes
Minimum Deposit required
No
Clear Credit History?
Yes
Tax debts - Arrears?
No
Min ABN/GST Registration (Years)
2
Min Equifax score
N/A
Max Loan amount
$150,000
Fast Track Documents
Self Declaration
Establishment Fee
$450
Overall Rating
(Property Backed)
Purchase Source
Dealer/Private
Max. Age of Asset at start of loan
7
Max. Age of Asset at end of loan
12
Asset backed (Home owner/Mortgagee)
Yes
Minimum Deposit required
No
Clear Credit History?
Yes
Tax debts - Arrears?
No
Min ABN/GST Registration (Years)
2
Min Equifax score
N/A
Max Loan amount
$150,000
Fast Track Documents
Self Declaration
Establishment Fee
$500 - $1,000
Overall Rating
(Non Property Backed)
Purchase Source
Dealer
Max. Age of Asset at start of loan
7
Max. Age of Asset at end of loan
12
Asset backed (Home owner/Mortgagee)
No
Minimum Deposit required
Yes - 30%
Clear Credit History?
Yes
Tax debts - Arrears?
No
Min ABN/GST Registration (Years)
2
Min Equifax score
N/A
Max Loan amount
$150,000
Fast Track Documents
Self Declaration
Establishment Fee
$500 - $1,000
Overall Rating
(Property Backed)
Purchase Source
Dealer/Private
Max. Age of Asset at start of loan
N/A
Max. Age of Asset at end of loan
20
Asset backed (Home owner/Mortgagee)
Yes
Minimum Deposit required
No
Clear Credit History?
Yes
Tax debts - Arrears?
Yes
Min ABN/GST Registration (Years)
2
Min Equifax score
500
Max Loan amount
$150,000
Fast Track Documents
6 mths Bank Statements
Establishment Fee
$499
Overall Rating
(non Property Backed)
Purchase Source
Dealer/Private
Max. Age of Asset at start of loan
N/A
Max. Age of Asset at end of loan
20
Asset backed (Home owner/Mortgagee)
No
Minimum Deposit required
No
Clear Credit History?
Yes
Tax debts - Arrears?
Yes
Min ABN/GST Registration (Years)
4
Min Equifax score
500
Max Loan amount
$75,000
Fast Track Documents
6 mths Bank Statements
Establishment Fee
$499
Overall Rating
Purchase Source
Dealer
Max. Age of Asset at start of loan
N/A
Max. Age of Asset at end of loan
15
Asset backed (Home owner/Mortgagee)
Yes
Minimum Deposit required
No
Clear Credit History?
No
Tax debts - Arrears?
Yes
Min ABN/GST Registration (Years)
2
Min Equifax score
622
Max Loan amount
$150,000
Fast Track Documents
Self Declaration
Establishment Fee
$350
Overall Rating

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Written by joyfinance

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