I've left my daughters father so am now without a car. No family or friends in the state and haven't gotten a job yet here.
I wouldn't have a clue when it comes to cars, the ex always dealt with it.
I'm just wondering if there's any chance of me getting a car loan? Around 8 grand?
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10-12-2013 08:45 #1Junior Member
- Join Date
- Dec 2013
Question about getting a car loan
10-12-2013 08:53 #2
I think there would be dodgy loans out there with ridiculously high interest rates you may be able to obtain.
Otherwise, waiting until you are working and earning an income might be better.
The only of thing I can think of is the NAB step up loans. They are for low income earners but are only to the value of $5k.
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10-12-2013 12:39 #3
Just popping in here to say (if you come across them) DO NOT go through Motor Finance Wizard.
The pp advice is really good.
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10-12-2013 12:54 #4
hi, I agree don't go to motor finance wizard. If you can get your finance sorted, through a bank , personal loan, or something, then you will know how much you can spend. Then do some research, find out what sort of car you can get for that money, and then join RACQ or similar, and ask them to check out any car before you agree to purchase it. Remember a RWC doesn't mean the car is a good car. Don't be in a rush to get a car, take some time and check everything thoroughly. Marie.
10-12-2013 13:13 #5
We were looking at motor finance wizards a few months back... Its not a loan to buy the car as such (though this is what they make you believe)
We were in the situation I have fantastic credit, but an a sahm with some clink a income, df works casually... And we needed a car for him.
Essentially you RENT the car from them, over like 5yrs. At the end, you can either offer to buy the car (then you need to get it transferred into your name, registered/roadworthied) depending on your state. Or, you can give it back and have nothing to show for it.
Mfw would let us choose from cars 2000-2006 models, from their yard, on a rental plan for 5yrs at 100 ish/week.
I hunted around, and as my car loan had one month to go, called up who I was with, and after some exchanges, they agreed to help us! Even though normally they refuse anyone on clink. But i had such a great record with them, they agreed! We ended up with a 2008 ve commodore. About 90 a week, over 4 years, and at the end we OWN it. much better
The nab loan sounds like the best way..... Or just call around and ask what your chances would be at banks, finance companies etc (without applying) this is what I done...
For the record, we got a joint loan. Dfs credit is horrible due to some bad choices before he met me. But we are working on it. hoping to buy a house in a few years when I go back to work
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Last edited by shadowangel0205; 10-12-2013 at 13:16.
13-12-2013 09:20 #6
13-12-2013 09:35 #7
We just got a car loan through ge. We were limited as df doesn't earn heaps and I'm a discharged bankrupt (lots of stupid mistakes with xdh ) . We had a $4000 deposit and borrowed the rest which was around $6000. We are paying a fair amount of interest but we really needed to upgrade my car so we were a bit stuck. All in all we're happy with our decision. Oh we went through a broker, they found the best loan for us and did our allocation for us.
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