Car Loans
With access to an extensive panel of over 60 lenders, our range of choices extends beyond what traditional institutions can offer!
Buying a car?
Vie can assist with finance solutions for your next vehicle. We understand the importance of this decision and aim to simplify the process for you. Rather than overwhelming you with information, our advisors are here to guide you through various loan types, features, and options available, ensuring you make a well-informed decision that perfectly aligns with your needs and financial goals.
Things to consider when financing a new car
When applying for a car loan, the documentation you need may vary depending on your employment status and the type of loan you're seeking. Here's a breakdown of the documents required for different applicant categories:
For PAYG Applicants:
- A clear copy of your driver's license (both front and back)
- Your two most recent pay slips
- If you own property, a recent rates notice
- A copy of the sales contract for the vehicle you intend to purchase
For Self-Employed Applicants:
- A clear copy of your driver's license (both front and back)
- If you own property, a recent rates notice
For Commercial Full Doc Applicants:
- A clear copy of your driver's license (both front and back)
- If you own property, a recent rates notice
- Recent financial documents for both your business and yourself
Please note that these requirements are subject to change based on the lending institution's policies and your specific financial situation. It's advisable to consult with our advisors to ensure you have the most up-to-date information and to discuss your individual needs.
Opting for a broker when securing your car loan can offer you a multitude of advantages. Brokers possess access to a diverse network of lenders, enabling them to not only secure a competitively priced car loan but also tailor it to your unique financial circumstances.
Moreover, it's crucial to note that a broker is your advocate, working exclusively for your benefit. Unlike car dealerships, whose priority may be clearing their inventory, or individual lenders with their agendas, a broker's sole focus is to ensure you obtain a loan perfectly suited to your individual needs and financial situation.
While it's not mandatory to provide a deposit for a car loan, opting for one can have several advantages. A deposit can enhance your loan approval prospects and, equally importantly, reduce your ongoing monthly repayments.
The age of the vehicle you intend to finance may vary based on your employment status. For PAYG applicants, the financed vehicle cannot be more than 12 years old at the conclusion of the loan contract. Self-employed applicants, on the other hand, typically have an allowance for vehicles up to 15 years old at the end of the contract. If you're considering financing a classic car, it's worth noting that some lenders do offer specialised classic car loan options to cater to your unique needs and preferences.