Frequently Asked Questions

Get That Car Loan

Find answers to all your car loan finance questions or give us a call on 1300 799 225

Interest rates can vary depending on the age of your credit file, credit score, assets and liabilities as well as the age of the good you are buying. Our interest rates start at 5.08% for brand new cars and go up from there.

Yes, generally if you are not in a lease, loan exit fees are quite small as low as $10 for every month you terminate early, i.e. 10 months early means a fee of $100.

No, there is no charges if your application is declined, our fees are charged to the lender, not to you.

A lease is primarily for business use and will be 100% tax-deductible. However, you will also have large break fees if you try to terminate your lease early.

No, it does not show on your credit file as a “declined”. It shows an enquiry for finance, but more than 6 a year can slow your chances.

Once your car loan is approved and signed by you, we settle your deal and pay the vendor within 24 hours.

Any fees and/or charges such as government registration or brokerage fee will be added to your car loan. You should not have any out-of-pocket expenses for these.

To speed your car loan up there will be 3 things we need to confirm, your income, your id, and a receipt for the goods you buy.

We can normally get you a car loan for any amount over $2,000.

Lending decisions are usually the result of complex assessments that take both personal details such as age, income, employment and address stability, amount of credit, type of vehicle, as well as the results of a credit reference enquiry with a credit reference agency. Occasionally, if an application fails to meet the minimum acceptance criteria set by the lender, then the applications are turned down. However we can surely look into it and assist. Speak to our specialists today!

Not necessarily. Every lender uses its own criteria to assess applications. If one lender has rejected you then this does not mean that another lender will reach the same decision. But the majority do follow similar guidelines. Therefore it is advisable to talk to a representative and get proper guidance.

Get That Car Loan does not operate an appeals process where an application has been declined. However, if it is known that incorrect details have been supplied, or if an error on your credit reference records has now been rectified, you may contact us to discuss the matter further and if appropriate make a further application.We will be happy to assist.

If there were more than one applicant on the submission, it may be possible that your application was measured on the merits of what information was given to us. This may change the merits of the total application and could improve your chances dramatically.

The most obvious way to improve your credit rating is to make sure all your existing credit commitments are paid on the dates they are due and you avoid any negative items such as court judgments or defaults. For defaults to be removed if applied incorrectly, we can suggest a couple of companies that may assist with this. Read this article on how you can improve your credit score to learn more.

Take steps to manage your profile on an ongoing basis. This can be done by using tools such as credit file alerts. Through credit reference agencies you can also review the accuracy of your credit profile and if found to be incorrect they will help to amend any anomalies. Having an amount of credit is also very important, as your payment record will show against your credit profile and this helps a prospective lender form their decision. If you do not have any amount of credit showing on your credit file a lender may refuse an application as they are unable to analyse how you have managed/conducted any previous or current credit, equally if you are considered to have too much credit a lender may consider you as being overcommitted.

Normally there is no “quick fix” to improve your credit rating and it will only happen over a period of time.

There are a number of myths surrounding the subject of credit searches and that they can cause problems when applying for credit. As a general rule of thumb, more than 6 personal applications in a 12 month period could be considered to be excessive and many lenders will take this into account so we recommend being as diligent as possible with this process.


Improve your chances with Get That Car Loan


We hope this information is helpful to you and improves your understanding of the situation. If you believe your application or the manner in which we handled your business was unfair we encourage you to get in touch with us so that we could resolve any undissolved issues in confidence.

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