Question About Finiance On Import

[martied]

Hi,

Just about to sell me 2003 model SP20 and then get a skyline either R34 or R33 series 2 M Spec.

But having trouble finding people who will give me finance for import cars?

What do people use here?

Any help appreciated

[riceline]

Personal Lown (not a car lown) under Commonwealth.

Got it 3 years ago when I was 18.

Have had the lown extended since and no problems

[someonestolecc]

You'll probably find personal loans are the only thing thats available through major banks/institutions.

[martied]

meh

yer thatz what it loooks like nly thing is banks 12% Essanda and stuff 8.9% and its like 60 bucks more on insurance to have car under finance so i was trying to get the cheaper option

[dan_the_man]

Most car finance companies require the car to be no more than 5 years old.

[slow13dude]

When I tried to get a car loan the maximum term was apparently 10 years minus the age of the car.

[Endorean]

When I tried to get a car loan from a bank, the minute I mentioned Skyline they recoiled 'oh, grey import, cant loan against that'.

Unsecured personal loan is most likely your best bet.

[nsm034]

yep suncorp dicked me around , went to commonwealth got unsecured personal loan they had no worries. Ps don't try suncorp for insurance they class every skyline the same eg. non turbo, gt-r, gt-t so you pay gt-r insurance on your gt-t. idiots

[paulr33]

yep suncorp dicked me around , went to commonwealth got unsecured personal loan they had no worries. Ps don't try suncorp for insurance they class every skyline the same eg. non turbo, gt-r, gt-t so you pay gt-r insurance on your gt-t. idiots

most insurance companies are like that. they dont care if its turbo or not. its an import and because of this they have to assume the following

* it will be stolen easier

* parts will be harder to get

* more than likely to be written off

this is due to a few reasons i think the main one being it wasnt built to australian standards even though

* its been complianced to meet adr standards

* japanese (assuming its a jap import) are much more strict the aus standards

so they have to assume the worst case scenario. a lot of people believe thier insurance is going to be $1500 cheaper cos they are getting a non turbo skyline when in actual fact its probably only $200 some dont even have different prices for non turbo vs turbo