
Many people who come to Australia and want a car loan will not realise that they have not bought their credit history with them. For some that may be a good thing, but there are others who have a great credit history and think that it will stand them in good stead but unfortunately this is not the case. When putting in an application for a car loan in Australia you will want to be open and honest as this will increase your chances of being successful.
At Budget Auto Finance we will help you begin your credit rating and start you on your way to having the same level that you left behind. We will take your previous good rating into account although we are under no obligation to. When applying it will be best to include details of your past and have documentation ready in case it is needed. Trying to hide it could go against you in the long run as you could be seen as a high risk if you are not giving accurate details. The question could be “what else are you hiding?”
There are a few things that you can do to get the ball rolling provided you don’t need the car loan as soon as you arrive at the country. Anything that can be done to build up your rating will help. The point is that you need to make us believe in you. If you have a person who will co sign the agreement so much the better. The one thing you need to be careful about is that you don’t go overboard. It may seem like a good idea to get loans and credit cards and store cards but if you can’t pay you will have defeated the object and when applying for your car loan you could face difficulties.
Applying for the loan will be very easy. You will just have to fill in the same form as everyone else but your “newness” will be picked up. This is nothing to worry about as there are only a very small minority of people who apply for car finance to Budget Auto Finance who are actually turned down. We make it easy to get on the road and we will work with you every step of the way. If you are not happy with the quote from us, just let us know. Every application makes it clear that you are under no obligation to accept, but we also will be totally open with you if there are reasons we can’t lend you.