Unsecured Car Loans

[ash_29]

you mean like a guarrantor loan? yeh i think some financial institutions have them.... Don't know much about them as i don't do them. You could have a look at a joint loan if your parents are willing to be a joint applicant, however this may not always help if they have a large home loan, credit card so on and so forth. So you kinda gotta decide whether you are better off alone or with them on the application.

[gareth669]

Thanks for all the help guys and yeah i cant garentour because my mum is self employed and my dad lives over east im gonna try again with my own bank then seek out ones who only want 3 months waiting period between enquirys

[RICCA]

I couldnt trust myself with a credit as much as it comes in handy but yer

[Crans]

Go with the bank u have all your history with.

I have been with commonwealth since i was 5 (now 27). I applied for an unsecured personal load the other car to buy a VZ/VE SS Ute.

Got approved for 36k on the spot. The lady said I had a great Banking history with the bank and she also tried to up my credit card limit another 8K at the same time(I declined I don't need the temptation). Start by getting a small credit card and build history with your bank. Buy the car with your saved cash and the credit card. Never miss a payment and anyways pay as much as you can every months. Makes you look good.

[Crans]

Get the credit card make the purchased then destroy the card.

[Magic]

You can get a fix rated secured loan through RAC. Skylines can be used as assets with RAC but you can't insure under them. (a bit stupid imo), but it worked for me. And they have quite good rates. I got mine at 9.75% december '07 because I paid $50 for RAC membership fee.

Edited January 9, 2009 by Magic

[monga]

Ring Steve at Western Australian Auto Fiannce, helping when the big banks can't lol. In regards to the loan, avoid attempting to get money from several places because it is noted on your credit file. There is no good credit rating, you just get shitter when you apply or default with credit.

[Jess33]

i was havin the same prob. 18 and on a trainees wage

i went to westralian auto finance coz my uncle had gone with them. they said there wasn't any probs in me gettin a loan for that amount. but when they asked what car i told them. he said ' no sorry dont touch imports if it was a 4cl car like a lancer for eg then it would be fine.

so went to commonwealth bank down the road from work. i was able to get it but so i had more of a chance of gettin approved they suggested use a guarantor. so used my dad. and i got it

[Mr_GaZZa]

ummm unsecure loan has nothing to do with your car your buying... its all about ur income, what you own and how long your been doing your job.

secure loan, looks at what your borrowing it for.

so if you've been knocked back for unsecure loan, then thats to do with you.. they dont care what you do with a personal unsecure loan... you just need the income/age/job security.

go to a dealer 'importer' pay more for it and they'll get you a loan easy