Car Finance - Car Loans Made Easy

Question 1

Answer

Car finance could generically be described as when a vehicle finance company lends you the money to buy an automotive asset that they can hold security over for the duration of the loan or until your fully repay the loan. Car finance can be used for personal use (a consumer car loan) or commercial use (business vehicle loan).

Question 2

Q: Can I buy a car privately? Can I buy from a dealer?

Answer

Yes. We can help customers that prefer to buy their car privately, in fact this is what we do all day everyday. We can also help with Dealer, auction and re-financing your current loan into a lower interest rate and repayment. Call us today on 1300 665 906 before buying your new car privately and we'll see what we can do about helping you get your loan pre-approved so you have your money ready to go when you find your new pride and joy.

Question 3

Q: Are there any early payout penalties for car finance?

Answer

The good news is that some of our financiers don’t have any early termination fees. Fox Finance Group can arrange many different loans with many different financiers. However, some lenders do have an early payout penalty so it’s best to talk to one of our team about all your options. Rest assured that as part of our process, we will explain these and all other terms with you prior to you accepting our loan offer. Call the team on 1300 665 906 today for an obligation free chat.

Question 4

Q: Are there any application costs for car loans?

Answer

Our pre-approval process costs you nothing and commits you to nothing. You are in control of the process the whole way. It is important to note that there is No Fee if Fox Finance Group isn't able get a suitable approval for you or you decide not to proceed with our loan approval offer.

Once you accept a loan offer, there is a once off fee for our service that is called commonly called a brokerage fee. Like any other service business, we have this fee to pay our highly talented team members to get you the very best loan options on the market. Most clients opt to have this cost financed as part of their overall loan, which means that you have no initial cash outlay prior to your first repayment. This fee can vary based on the complexity and amount of the loan so please feel free to contact us to get an exact quote for your scenario.

Question 5

Q: What are the benefits of car finance?

Answer

Vehicle finance helps you acquire the car you want without having to save the money over a longer period of time. This allows you to keep your hard earned savings in the bank for other items that don’t depreciate in value. This helps with your personal cashflow, by being able to pay off the vehicle in manageable instalments (weekly, fortnightly, or monthly) to suit your budget. For business owners, this can also be a tax-deductible expense. For an obligation free quote, please call the team on 1300 665 906.

Question 6

Q: How do I compare car finance rates?

Answer

In short, that’s our job. Talk to one of our Car finance Lending Specialists, we will do all the hard work to compare available car loan rates from our panel of approved lenders. We have access to literally hundreds of different loan products, so rest assured that we'll find you the very best car finance deal for your needs and circumstances. Call us on 1300 665 906 or apply now - its obligation free.

Question 7

Q: Are your car loan interest rates competitive?

Answer

We consistently monitor current car loan interest rates to maintain and offer the most competitive deals in Australia. We have worked very hard to build fantastic relationships with all of our lenders which has given us the ability to access literally hundreds on car finance deals. These deals are ever changing, but that's our job to keep up with who is offering the best deals on the market today. We use the latest industry specific technology to scour the market to give our customers peace of mind that we are offering them the best car loan rates and repayments. Contact us and get an Obligation Free Quote now on 1300 665 906.

Question 8

Q: What if my bank or another lender has already declined my car loan application?

Answer

Don't stress. For this reason, we have built relationships with and have access to over 50 lenders, including all of the big banks and niche new to industry lenders. Each of these lenders policies and guidelines vary significantly, which is good news for you because if you don't fit one or more lenders criteria, it does not mean another lender from our panel won't welcome your application. This is just one reason why it pays to have one of our Lending Specialists in your corner negotiating the very best deal for you.

Question 9

Q: Does making too many credit enquiries affect my credit rating?

Answer

Making too many credit enquiries will affect your credit rating. Each time to apply for a loan it can affect your credit rating. Many lenders see multiple credit enquiries as a sign of a high-risk customer that is panicking and in desperate need of finance. This is the exact reason you could consider using Fox Finance Group; we have the knowledge and experience to get your loan approved with the best Lender the first time. We’ll also educate you along the way so you know exactly what your credit score is and what is currently sitting on your credit file that all Lenders will see. Speaking with our Lending Specialists is obligation free, call 1300 665 906 today!

Question 10

Q: What is a comparison rate?

Answer

A comparison rate is an annualised interest rate that includes all of the Fees & Charges associated with the loan. This comparison rate excludes transactional fees such as early payment fees (if applicable), late payment fees (if applicable), or statement request fees. Using the advertised comparison rate is a great way to level the playing field and compare apples to apples. This is what we do all day everyday, so speak with us about what we can help you with today on 1300 665 906.

Question 11

Q: I'm self-employed, will I qualify for a car loan?

Answer

We have Lending Specialists in our team that are trained in helping self-employed clients through the process of applying for a car loan with the minimum of fuss. We also have access to many low doc or lite doc loan options for our self-employed customers to make the process quick and simple. Our Lending Specialists are familiar with all lending scenarios to help our business owner clients with fast, competitive finance. Speak with our business lending specialist on 1300 665 906 today for more info.

Question 12

Q: Can I get my car finance approved before purchasing?

Answer

Yes, getting car finance pre-approval for our customers is something that we do all day every day. Getting a car loan pre-approval before you go shopping is a great idea, giving you bargaining power on the showroom floor. In some cases, we can have your car loan pre-approved the same day, so get can get out there shopping with the peace of mind of knowing what your budgeted repayment is going to be. If you'd like a quick quote before proceeding, no problem, give us a call on 1300 665 906 obligation free.