Low Doc Car Loans
27 Apr
Today's
Best Rate
Business Loans From 6.55% Fixed
With A low 8.0% Comparison
Doctors Loan Australia

Low Doc Car Loans
with Flexible Repayment Options

At Fox Finance Group, we are experts when it comes to low doc car loans for small or medium sized businesses. It doesn’t matter if it’s a ute finance, van finance, truck finance or any sort of vehicle for business use, we can help.

Our job as your Low Doc Car Loan Specialist is to find and tailor the best car loan solutions at the lowest rates and repayments available on the market today. No matter what style or brand of car you are looking at, we have the right lenders on our panel offering the best car finance deals today.

A low doc car loan is a financing option designed for individuals or small business owners who have difficulty providing traditional income documentation, such as tax returns or financial statements typically required for standard loan applications.

With a low doc car loan, you can secure financing to purchase a vehicle without the need for extensive financial paperwork. Instead of relying solely on traditional income proof, lenders offering low doc loans may consider alternative documentation to assess your income and repayment capacity.

The key features of a low doc car loan include:

  • Reduced Documentation: Low doc loans require less stringent income verification compared to traditional loans. Instead of providing extensive financial records, you will need to provide alternative documents, such as bank statements, business activity statements (BAS), or accountant's letters to demonstrate your income.
  • Flexibility for Self-Employed Individuals: Low doc car loans are particularly beneficial for self-employed individuals or small business owners who may have fluctuating income or difficulty meeting the strict documentation requirements of standard loans.
  • Accessible Financing: These loans provide an opportunity for borrowers with limited documentation to secure financing for a car purchase. It opens up possibilities for those who may not qualify for traditional loans due to unconventional income sources or limited financial history.

 

If you’d like to know how much you qualify for, no problem, speak with us about setting up a car loan pre-approval so you know exactly how much your finance will be even before you commit to proceed. This is an obligation free service that we provide our customer.  At Fox Finance Group, we understand business and we will finance that new ute, van or truck that you are needing for your business.

 

Am I eligible for a Low Doc Car Loan in Australia?

Am I eligible for a Low Doc Car Loan in Australia?

Eligibility for a low doc car loan in Australia depends on certain criteria. While each lender may have specific requirements, here are some general factors to consider:

  • Self-Employment: Low doc car loans are typically designed for self-employed individuals or small business owners who may have difficulty providing traditional income documentation, such as tax returns or financial statements.
  • Proof of Income: You will need to provide alternative documents to demonstrate your income, such as bank statements, business activity statements (BAS), or accountant's letters verifying your income.
  • Credit History: Lenders assess your credit history to evaluate your creditworthiness. While low doc car loans are available for borrowers with less-than-perfect credit, a positive credit history improves your chances of approval and may affect the interest rate offered.
  • Loan-to-Value Ratio (LVR): A lender will consider the LVR, which is the loan amount compared to the value of the car. Typically, a lower LVR improves your chances of approval and may result in more favorable loan terms.
  • Genuine Savings: Some lenders require evidence of genuine savings, which show your ability to manage finances and make regular contributions towards a deposit.
  • Documentation and Loan Application: Even though low doc car loans require less traditional documentation, you will still need to provide identification, proof of residency, and other necessary documents as per the lender's requirements.

To determine your specific eligibility and explore the available options, it's a great idea to consult with a finance broker like Fox Finance Group who specialise in low doc car loans and can guide you through the application process and help you find suitable loan options based on your circumstances.

Let Us Find Your Next Low Doc Car Loan

Let Us Find Your Next Low Doc Car Loan

Whether your vehicle is personal or for business use, you can’t drive just anything. The vehicle you drive needs to reflect your or your company’s personality, needs to be reliable and needs to make a good impression. Your financial situation shouldn’t stand in the way of you driving the vehicle you want or need. We offer low doc car loans to help you get started on your dream of owning a car. We also offer business car finance, ute finance and van finance. No matter what your vehicle needs are, we can help you afford a car that fits them. We can help clients all around Australia find low doc loans that fit their business needs.

At Fox Finance Group, we’re committed to providing outstanding customer service and treating each customer with respect and integrity. We understand that finding a low doc vehicle loan can be complicated, and you can rely on us to communicate honestly and fairly about the terms of your loan. We can help you find business car finance that fits your budget and enables you to get the business vehicle you need. Call us on 1300 665 906 to learn more about how we can help you.

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Car Finance Options

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Secured Car Loans

Low Rate Secured Car Loan Specialists

A secured car loan is a type of loan used to purchase a vehicle where the loan is secured against the car itself. This means that the lender holds the car as collateral until the loan is fully repaid.

The car being purchased is used as security for the loan, which means that if the borrower defaults on the loan, the lender has the right to repossess the vehicle to recover the outstanding debt. Because the loan is secured, the interest rates on a secured car loan are generally lower than those for an unsecured loan.

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Business Car Loans

Get the Best Business Car Finance

A business car loan is a facility used to fund the purchase of a vehicle for business purposes. The type of vehicle can vary in make and model, depending on the type of business it will be operating for. This product can best suit business owners, self-employed applicants with a valid ABN, or company managers and directors. There are several options available in this category of loans including Low Doc Car Loans, No Doc Car Loans, Truck Loans, Transport & Equipment Loans and more.

At Fox Finance Group, we’re committed to providing outstanding customer service and treating each customer with respect and integrity. We understand that finding a business car loan can be time consuming, which is why we’ll do all of the legwork for you. We can help you find business car finance that fits your budget and enables you to get the business vehicle you need.

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Classic Car Loans

Let us Help You Get the Best Classic Car Finance Today!

We’re the Classic Car Finance experts! We get your passion for old school! We have been helping our clients with low rate classic car finance since 2006. The knowledge and expertise that we have gained over the years allows us to fully understand your passion and just about every model car thrown our way. We can also help you finance your new pride and joy whether you are buying from a classic car dealer, or a private seller.

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Bad Credit Car Loans

Bad Credit Car Loans Made Simple

Fox Finance Group takes pride in our extensive knowledge of lending to all varieties of client profiles. We understand that people experience unexpected events that may affect their credit score. Through our strong product knowledge, and relationships we have built with lenders, we have the ability to negotiate and compare the best options suited to your profile.  If you’d like to know how much you qualify for before proceeding, we can discuss obtaining a pre-approval for you, which will entail all details of your loan before you commit to settlement. This is an obligation free service that we provide our customers.

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Private Sale Car Loans

Private Sale Car Loans Made Simple

If you have just found your next sedan, 4WD, ute, hatch, or any other vehicle privately and you need some finance to purchase it, we’d love to help. Our knowledge and expertise in private sale car loans is demonstrated through our streamlined customer process. We make all arrangements for you with the private seller, all you’ll have to do is negotiate a price! This is an obligation free service that we provide our customers.

Apply for a car loan
Apply for car loan

5 Simple Steps To Getting Your Car Loan

  • 1. Apply
    1. Apply

    Provide some details about yourself, your loan objectives, and the car you want to buy.

  •  2. Speak to an expert
    2. Speak to an expert

    Our car loan Lending Specialists will run through all of the finer details to get your vehicle finance underway.

  • 3. Get pre-approved for your car
    3. Get pre-approved for your car

    We'll get you approved with the lender best suited to your individual profile. You'll be able to go car shopping, knowing exactly what you can purchase!

  • 4. Sign your loan contracts
    4. Sign your loan contracts

    Once everything is verified, we'll walk you through a simple contract signing process.

  • 5. Get your new car!
    5. Get your new car!

    We'll communicate with your lender through the entire settlement process. You'll know exactly when you can pick up the new car!

5 Simple Steps To Getting Your Car Loan

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