Perth Car Loans

From contacting lenders to going through the approval process, getting an auto loan is often fraught with headaches and frustration.

But not with us.

As part of the Yes Loans financing group, our aim is to provide affordable financing at competitive rates. We have years of experience in providing car and personal loans in Perth and across Western Australia.

We can help you secure financing whether you:

Need funding for a new or used car
Need personal loans
Have bad credit
Are employed part time
Are self employed
Have limited funds to put down
Need help locating a car

We offer competitive rates and loans that are custom tailored to meet your needs. When you get financing from us, you can expect the loan approval process to be quick and easy. That’s not all we do though as we have helped our customers in the following ways:

Help make sense of your credit file

Even if you have bad credit or have been affected from financial circumstances in the past, you can still qualify for a car loan from us. Get started by filling out our online application form or by speaking with one of our representatives. We aim to deliver a response to your application within 24 hours.

Choose the right lender for you

We understand that your financing needs vary. We work with a variety of lenders to help secure financing options that suit your needs based on your budget and circumstances. You will know exactly what to expect from us including how much financing you can get and what rates you qualify for.

We say YES more often

As a leading provider of car loans in Perth, we approve loans more than any other company across Western Australia and we intend to keep it that way. We are committed to providing exceptional customer service and our aim has always been to provide customers with the right financing options at affordable rates.

Personalized service

Over the years we have provided personalized services to countless customers. We consider your budget and other factors so you can get an auto loan that meets your requirements. We also provide a car finding service completely free of charge saving you even more time and money when shopping for the right vehicle.

For more details about our services, feel free to contact us directly for any questions you have. Be sure to read the FAQ section on our site for more details. Should you have any further concerns we are more than happy to offer help.

Worried that your credit score may prevent you from owning a new car?

You shouldn’t be.

Chances are you can qualify for car financing in Perth even with bad credit. Getting financing at rates you can afford involves the following steps:

1. Review your credit report

Before applying for an auto loan, carefully review your credit report. Any errors or mistakes need to be immediately rectified otherwise it could be negatively impacting your score. Lenders look at your credit history to determine creditworthiness and how much financing you can get.

You can obtain a free copy of your credit report by submitting a written request to Veda Advantage or Dun & Bradstreet, the two main credit reporting agencies in Australia. Even if you already have a report from a previous year, it’s still recommended to have a recent report.

2. Calculate your monthly payments

The next step is to determine what interest rates you can qualify for based on your score. This estimate can be used with car loan repayment calculators. Doing this is helpful for determining how much you can realistically afford in addition to your current financial obligations. Start by calculating what your monthly payments will be on a 36, 48 or 60 month loan term so you can budget accordingly.

3. Put down a larger down deposit

The lower your score, the more impact it will have on your interest rate. Saving up for a larger down payment is strongly encouraged. There is no clear cut answer as to how much you should put down but a higher down payment is always better. It gives you much more leverage and increases your chances of approval.

4. Secure financing before visiting a car dealership

Never assume you will get the best rates at a dealership. Dealerships often use financing deals to entice unsuspecting buyers. These deals may seem appealing on the surface but could end up being more expensive over the course of the loan. Securing car loans in Perth ahead of time will work in your favor as you can focus your negotiations solely on the price of the vehicle.

5. Consider buying used

Used cars can provide a lot of value for their price compared to their newer counterparts. Cost savings, lower insurance rates and avoiding depreciation are just some of the main selling points. The downside is that interest rates tend to be higher and you may end up buying a car with reliability issues. However, this option is generally much more cost effective in the long term.

Never assume you do not qualify

There is no credit score which lenders automatically refuse to lend to. You can still secure auto loan financing in Perth even if you have bad credit. The key to having your application reviewed and getting approval is to be prepared.

Getting behind the wheel of a brand new vehicle is always full of excitement and anticipation. The only challenge is paying for it. Fortunately, obtaining financing is effortless with the help of experienced lenders. Applying for car loans in Perth starts with reviewing your credit and calculating your budget.

Your credit history

One of the first things you need to do is carefully review your credit. Lenders use this information to assess creditworthiness. Obtain a copy of your credit report by contacting two of the main credit reporting agencies in Australia: Veda Advantage and Dun & Bradstreet. Fixing any blemishes on your report is crucial in order to get the best car loans.

Your budget

The last thing you want to do is borrowing more than you can afford. Start by calculating your current financial obligations and how a car payment fits in. Consider using a car loan repayment calculator for a better overview of how much your monthly car payments would be like.

The next step is to prepare important information and documents. To qualify for an auto loan, lenders typically request the following before approval can be granted:

Personal details: Personal information such as your name, address, date of birth and some form of identification are required to get the application process started.

Loan details: You should already have a clear idea of how much financing you need and how the funds will be used.

Employment status: Proof of income along with verified bank statements will need to be provided to prove you have a stable source of income and are financially capable of repaying the loan.

Financial obligations: To determine eligibility, your current expenses are taken into consideration. This includes your current mortgage payments, credit cards and other monthly obligations.

Loan references: Information about other companies that you have borrowed from in the past may be requested.

Bank statements: Details about your bank account are required so that payments can be automatically deducted from your account.

Preparing all these documents ahead of time will affect the approval process and will greatly increase your chances of getting car financing in Perth quickly approved. Your creditworthiness has a direct effect on the financing amount and interest rates you qualify for.

A majority of people make the mistake of assuming that car dealerships provide the best vehicle financing options but this is not always the case. Dealerships often offer special deals to lure buyers in. On the surface it may seem too good to be true but a deeper analysis may prove otherwise.

Securing financing ahead of time is strongly recommended and gives significant leverage when negotiating the price of a car at a dealership.

If you have bad credit, you may feel that your chances of owning a car are hopeless. It may even force you to consider other alternatives such as selling your belongings or borrowing from family members.

Fortunately, you don’t have to do either.

As a leading provider of car loans in Australia, we provide financing even for those with bad credit. We understand that past circumstances may have directly impacted your ability to get a loan. But we also understand it does not tell the whole story.

Our aim is simple: To provide exceptional customer service and to get you behind the wheel of a car with a loan you can afford.

Despite any financial issues you may have had in the past or what other lenders have said, your dream of owning a car can be made a reality. And we can make it happen sooner than you think with the services we offer.

Custom tailored loans for your needs

At Yes Loans, our services are custom tailored to meet your needs and to get your loan approved at the lowest rates possible regardless of your credit history. We understand discussing past financial struggles is difficult which is why we aim to make process as straightforward as possible in a discreet manner.

Our focus is to get you affordable financing without all the hassles. The process starts by filling out our application form online. You can also speak with one of our representatives or visit our offices in person. The more information you can give us, the better your chances of approval.

We will need to know the following before we can get started:

Your personal information
Loan amount requested
Employment status
Current financial obligations
How much you can put down

We then look at the application in detail to determine eligibility. You can expect to hear back us almost immediately with a decision. We carefully consider your current circumstances to determine how much financing we can give and the rates you qualify for.

Once the loan has been approved, the final step is to choose the car you want. The funds will then be made available for you to finalize the purchase.

With years of proven experience in providing car loans, our focus remains on delivering affordable solutions. We consider all applications regardless of credit history. Apply online or contact one of our representative for more details on how we can help get you approved for

Apply Now!

Perth Car Loans

Call us today:

(08) 9472 3000

Who are we?

PerthCarLoans.com.au is part of the Yes Loans group and is able to provide you with the best possible chance of getting a car loan.

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