Buying your first car is an experience you will remember for the rest of your life, and consumer car finance from Credit Concierge will make sure your experience is nothing short of exceptional.

You’ve spent months flipping through vehicle websites and visiting your local dealer, admiring your dream car. But, still, you keep searching, preparing yourself for the day you finally drive off the lot in your new vehicle. Walking away from the dealership high rate offers and visiting your bank for a one size fits all rate has brought you to where you need to be – here with us at Credit Concierge.

If you are looking for low-rate consumer car finance to get yourself out on the road, simply visit our website to request a free, no-obligation quote at a wholesale interest rate.

Getting A Personal Loan

If it’s your first time buying a car and you haven’t built up a credit history yet, lenders may see you as higher risk. Since your credit hasn’t been road-tested, excuse the pun, lenders may feel you are a risk. Fortunately, having no credit history is better than having bad-credit history, so there is still hope for you to sign on the dotted line.

Although being approved for a car loan when your credit history is practically non-existent can be challenging, it’s not impossible. Here’s how to prepare for consumer car financing:

  • Set a budget – making a budget is an important step before applying for a loan. You should evaluate how much you can realistically afford in repayments according to your income and how much you have saved up. Using loan calculators can help you determine what you can or can’t afford. It may also be worth considering a loan pre-approval if you want to know how much you can spend on a vehicle.
  • Determine your eligibility – Generally, lenders require applicants to be over the age of eighteen, be an Australian citizen or permanent residence, and have a regular, stable source of income. However, lenders may also have their own criteria that applicants must meet to be eligible.
  • Determine the kind of loan you want – the two most common car loans are secured and unsecured. Secured car loans are typically lower in interest rates and use the vehicle as collateral to meet their repayments. Unsecured loans are higher risk and therefore have much higher interest and repayment rates.

With Credit Concierge, we can help you find the best consumer car finance for your budget, so contact us today to schedule an appointment with our trusted professionals.