Car Finance Australia

Car Finance Australia

Whether you're looking for a more accessible way to get around, a vehicle for work, or you feel like it's time to get your dream car, car finance Australia is an option to help you achieve this goal. One thing’s for sure, and it’s that a lot of people who are looking to purchase a car are considering getting car finance Australia. The mission of lending platforms such as SocietyOne is to give people the financial solutions they need in order to purchase their dream car. Come on and take a look at our different loan options to find the best one for you.

How to finance a car in Australia?

With SocietyOne, there are two ways you can finance your car. You can either apply for a secured loan or an unsecured loan.

A secured loan is a loan that requires you to put up an eligible asset as collateral. With this, you can borrow from $5,000 to $70,000, with a loan repayment period of either two, three, five, or seven years. These types of loans get approved much quicker. For unsecured loans, you can borrow $5,000 to $50,000, with repayment terms of two, three, or five years.

With SocietyOne, you can loan more than the value of your preferred vehicle. You can use this for things like car improvements, registration fees, and even loan consolidation, which is perfect if what you’re looking for is car refinancing.

If you have a good credit score, it’s possible to get low-rate interest loans. If not, don’t worry! We can give you great tips on how to improve your credit score. Join our Credit Score Club to access comprehensive guides and resources on improving your credit score and growing your financial literacy. Signing up for the club is obligation-free, so you don’t have to take out one of our loans to join.

If you’re unsure of your credit score, you can check it on our platform. We work with Experian, an official credit reporting agency, to access your credit profile and provide you with insight into your credit score.

This entire process of car finance Australia – from getting your fixed rate to processing your documents – with SocietyOne is done online through your mobile or through their website. You never have to leave the comfort of your own home to get the funds you need for your car.

To begin, all you have to do is input your preferred loan details into our personal loan repayment calculator and wait two minutes. Once you get your car financing rate, you can then proceed to fill out your loan application which usually takes around five minutes. If everything goes well and you get our approval, you can have your car loan within one business day.

Can I cancel my car finance agreement in Australia?

If you want to cancel your car finance Australia within fourteen days after signing the contract, you have the legal right to do so in some Australian states. This is called a cooling-off period, and almost all credit agreements have this on their terms. There should also be a section that states what to do if you do want to cancel the agreement after the cooling-off period, so just check your agreement to see the specified terms and conditions.

If you happen to be in a state that doesn’t require a cooling-off period for car financing options, you can still try to file for cancellation with auto finance lenders.

In any case, you will need to contact your lender to give them notice of your change of mind. They have full control over whether or not they will approve your request. Some car finance and loan companies may also charge a fee for cancellation.

If you want to cancel your car finance Australia because of trouble with repayments, please feel free to get in touch with us. We can provide you with short-term to medium-term assistance by discussing flexible repayment options with you. We understand that everyone has different financial situations, and we want to be able to help you, especially since cancelling a car loan could reflect badly on your credit score.

Is it possible to transfer my financed car to someone else?

Yes, you can transfer your financed car to someone else. However, you can’t immediately transfer your car loan to them as well. If you’re still in the process of financing your car and you want to transfer it to someone else, you will need to inform your lender. Considering this is a sale, they will have to be notified.

If you’re set on selling your financed car to someone else, make it easy by helping them find cheap loans. We recommend that you help them obtain their car financing with us at SocietyOne. You can contact us directly regarding this to make the process smoother, but you can also opt to assist them through the normal online application process.

Enjoy flexible car finance Australia with SocietyOne.

At SocietyOne, we make it easy to apply for flexible car loans. Every day, we help thousands of Australians access funds to meet a variety of needs through our various financing options. We can help you get your dream car by providing you with a personal loan through our online application process. So what are you waiting for? Apply online today!