Car Finance

Dealer Financing vs. Bank Loans: How Dealer Fin...

❓ What Is Dealer Financing and How Does It Work? Dealer financing is when you apply for a car loan directly through the dealership instead of a bank or lender....

What Lenders Think About Financing Older Cars

❓ Do Lenders Approve Car Loans for Older Vehicles? Yes, but it’s more challenging. Most lenders prefer financing newer cars because older vehicles have a lower resale value and higher...

How Much Income Do You Need for Car Loan Approval?

❓ Is There a Minimum Income Requirement for Car Loans? There’s no fixed minimum income requirement for car loans in Australia, but lenders focus on whether you can afford the...

Car Loan Approval: What’s the Minimum Income Re...

❓ Is There a Minimum Income Requirement for Car Loans? Yes, but it varies by lender. Most lenders don’t set a fixed minimum income but instead look at your ability...

The Impact of Gaps in Employment on Car Loan Ap...

How Do Employment Gaps Affect Car Loan Approval? Lenders prefer consistent employment history because it shows you can reliably make loan repayments. However, having gaps in employment doesn’t automatically mean...

How Living in a Rural Area Affects Your Car Loa...

❓ Does Living in a Rural Area Affect Car Finance Approval? Yes, but it doesn’t mean automatic rejection. Lenders assess applicants in rural areas differently because of: ✔️ Access to...